Jerome “Joe” Bonnett—Misappropriation of Funds, Alleged Ponzi Scheme
Jerome “Joe” Bonnett Allegedly Used Clients’ Money to Pay Himself, His Mortgage and Restaurant Startup, and to Replace and Replenish Funds in Other Clients’ Accounts
Jerome “Joe” Bonnett, since at least 2007, has allegedly used clients’ money to pay himself, his mortgage and a restaurant startup loan, and to replenish funds in other clients’ accounts, according to Documents from the Nebraska State Department of Insurance currently under review by attorneys Jason Kane and Joe Peiffer.
Nebraska investigators first drew attention to Bonnett after a routine check discovered “substantial co-mingling of assets” and that “commissions were received directly into Bonnett’s personal bank accounts”, according to a statement from Nebraska Assistant Attorney General David Lopez.
The Peiffer Wolf securities lawyers are currently investigating Jerome “Joe” Bonnett’s alleged participation in a Ponzi scheme.
Jerome “Joe” Bonnett Allegedly Withdrew $400,000 from the Account of the Now Deceased Duane Braesch, Replacing Said Money with Checks from another Client
Former Bonnett client, the now-deceased Duane Braesch, put $400,000 into an annuity with Jerome “Joe” Bonnett, who allegedly withdrew the cash on order to “make it right” with other clients, according to an affidavit filed in court by a Nebraska Department of Insurance investigator being examined by attorneys Joe Peiffer and Jason Kane.
Bonnett received several inquiries from Robert Guinan, the attorney of Duane Braesch’s widow Helen Braesch, who repeatedly inquired about the details of the aforementioned annuity and finally received a policy number from a company called Assurity, said Court Documents report.
Guinan contacted Assurity and that Assurity officials said they had no account by that number, and Bonnett allegedly showed Guinan and the Braesches spreadsheets, one of which had a note with this scribbling: “annuity does not exist (sic)”, according to Court Documents from Nebraska.
Securities Lawyers Investigating
The Peiffer Wolf securities lawyers often represent investors who lose money as a result of alleged Ponzi schemes, and are currently investigating Jerome Bonnett’s alleged Ponzi scheme. 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 Jerome Bonnett’s alleged Ponzi scheme are encouraged to contact the securities lawyers at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 504-523-2434.