Jeffery B. Risinger—Ponzi Scheme and Failure to Provide OTR Testimony

investment fraud attorney ClevelandJeffery B. Risinger Allegedly Participated in a Ponzi Scheme, Failed to Appear and Provide On-the-record Testimony

Jeffery B Risinger allegedly, from 2012 through 2014, solicited at least 80 investors to invest more than $15 million in Farm Loan Holdings LLC and FarmGrowCap LLC (or Farm Grow Cap LLC), according to a recent SEC Complaint currently under review by attorneys Joe Peiffer and Jason Kane.

The SEC goes on to allege that Farm Loan Holdings and FarmGrowCap purportedly used money to make short term loans to farmers, and that the aforementioned investor proceeds were used to fund said loans.

Jeffery B. Risinger, however, allegedly used said investor funds in order to make payments to earlier investors when those farms did not repay their loans, a telltale sign of a Ponzi scheme, the SEC notes.  The Peiffer Wolf securities lawyers are currently investigating Jeffery B. Risinger’s alleged participation in a Ponzi scheme and failure to appear for on-the-record testimony, and are preparing to assist investors.

Jeffery B. Risinger Allegedly Paid Himself Undisclosed Fees, Misled Investors; Barred by FINRA

Jeffery B. Risinger along with several other brokers allegedly paid themselves at least $800,000 in undisclosed fees and on several occasions purportedly misled investors about the risks, nature, and performance of the investments and underlying farm loans, according to a recent SEC Complaint currently under review by attorneys Joe Peiffer and Jason Kane.

Jeffery B. Risinger, in addition to the aforementioned behavior, and, according to a FINRA Letter of Acceptance, Waiver and Consent, allegedly failed to appear before FINRA to deliver on-the-record testimony, and thus violated FINRA Rules, and therefore has been barred by FINRA from associating with any FINRA Member Firm in any capacity.

One should also note that, according to the Complaint, Jeffery B. Risinger neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Wolf securities lawyers often represent investors who lose money as a result of alleged Ponzi schemes. They are currently investigating Jeffery B. Risinger’s alleged Ponzi scheme, and are preparing to assist investors. 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 Jeffery B. Risinger’s alleged Ponzi scheme may contact the securities lawyers at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 8585-310-5140.

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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.