Jasper Buck Investment Fraud Allegations

investor rights lawyersJasper Buck, Former Maryland investment advisor, Indicted in $1.9 million Theft Scheme

Jasper Buck, 59, and formerly of Westminster, Maryland, has been indicted by a federal grand jury for alleged mail fraud arising from an alleged investment fraud scheme, according to court reports from Maryland currently under review by attorneys Alan Rosca and Joe Peiffer.

Buck worked for mortgage companies, but presented himself to investors as an experienced investment advisor through Portfolio Financial Group (PFG), according to the five count indictment being analyzed by attorneys Alan Rosca and Joe Peiffer. The indictment goes onto further allege that from October 2006 through at least December 2014, Buck told his victims that PFG would loan money provided by the investors to borrowers who needed funds quickly.

In fact, there were no such borrowers, the indictment alleges, and Buck used the victims’ money for his own personal use or to further his fraud scheme. The Peiffer Rosca Wolf investment recovery lawyers are currently investigating Jasper Buck, and his alleged investment scheme.

Buck Allegedly Told Victims that there Were Other Owners and Employees of PFG

Buck allegedly told his victims that there were other owners and employees of PFG, however, bank accounts for PFG listed Buck as a signatory, and PFG’s addresses were listed as either Buck’s personal residence or shipping and packaging stores such as UPS, according to court reports from Maryland currently under review by attorneys Alan Rosca and Joe Peiffer.

Buck also reportedly helped convince some investors to refinance their home mortgages and use lines of credits in order to invest the proceeds with Buck through PFG, and to have promised the victims that they would receive a monthly return on their investments greater than the victims’ monthly loan payments, the court reports allege.  By January 2014, said reports note, Buck had used up all of the investors’ money.

Beginning in January 2014, however, Buck allegedly represented that there was no issue with PFG financially, according to court reports from Maryland currently under review by attorneys Alan Rosca and Joe Peiffer. As a result of the alleged scheme, Buck obtained at least $1,961,364 from investors, and Buck faces a maximum sentence of 20 years in prison and a $250,000 fine on each of the five counts of mail fraud, court reports also note.

Investment Recovery Lawyers Investigating

The Peiffer Rosca Wolf investment recovery attorneys often represent investors who lose money as a result of investment misconduct, and are currently investigating Jasper Buck, and his alleged fraud. 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.

Any investors who believe they lost money as a result of alleged fraud committed by Jasper Buck may contact the investment rights attorneys at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1200 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.