James P. Griffin and James Wolle—Investment Fraud
James P. Griffin Allegedly Orchestrated an $8 Million Investment Fraud Which Sold So-called “Charitable Gift Annuities” to at Least 125 Investors
James P. Griffin, the founder and CEO of 54Freedom Inc., along with James Wolle, 54Freedom’s Chief Financial Officer and Treasurer, allegedly ran an $8 million investment scheme and involving 125 or more investors, according to SEC Documents currently under review by attorneys Joe Peiffer and Alan Rosca.
James P. Griffin allegedly targeted upstate New York residents who purchased shares and promissory notes issued by 54Freedom Inc. for over seven years, starting in 2007, the SEC reports.
The Peiffer Wolf securities lawyers are currently investigating James P. Griffin and James Wolle’s alleged investment fraud involving the sale of promissory notes and charitable gift annuities.
James P. Griffin Allegedly Misled Investors by Claiming an Exclusive Relationship with Lloyd’s of London and Publishing Deal with “Chicken Soup for the Soul” Series
James P. Griffin allegedly sold purported “charitable gift annuities” that he falsely claimed were backed by reputable insurance companies and to have diverted at least $1.2 million of investor funds to pay for corporate and personal expenses, according to SEC Documents currently under review by attorneys Joe Peiffer and Alan Rosca.
What is more, Griffin and Wolle repeatedly misled prospective investors regarding the companies’ prospects, for example, falsely claiming that they had an exclusive relationship with Lloyd’s of London and that they would publish a soccer book affiliated with the “Chicken Soup for the Soul” series, the SEC notes.
Six other Cazenovia, New York-based firms, 54Freedom Securities Inc., MoneyIns Inc., 54Freedom Foundation Inc., 5 Ledyard Ave. LLC, 5 Ledyard Corp., IICNet LLC, and Miami-based 54FreedomTele Inc. also were named in the complaint, and charged by the SEC with violations of the antifraud and registration provisions of the securities laws, the SEC reports.
Securities Lawyers Investigating
The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment fraud. They are currently investigating James Griffin’s alleged investment fraud and the sale of promissory notes and charitable gift annuities. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of James Griffin’s alleged investment fraud and the sale of promissory notes and charitable gift annuities may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.