Kenneth Graves—Financial Fraud

misconductKenneth Graves Allegedly Ran a Financial Fraud Scheme Related to the Sale of Investment Contracts and Also Allegedly Charged Excessive Fees for Warren Financial Services

Kenneth Graves allegedly ran a financial scheme which defrauded six clients of Warren Financial Services LLC through the sale of $420,720 in investment contracts, according to a Nueces County Indictment currently under review by attorneys Alan Rosca and Joe Peiffer.

The indictment further alleges that in a separate fraud in 2013 and 2014, Graves purportedly misapplied $128,918 in fees that he had collected from Warren Financial clients.

The Peiffer Rosca Wolf securities rights lawyers are currently investigating Kenneth Graves for allegedly running a financial scheme.

Kenneth Graves Allegedly Made Unauthorized Withdrawals of Client Funds, Recommended Unsuitable Investments, Failed to Pay Clients their Promised Return, and Charged Excessive Fees

Kenneth Graves allegedly made unauthorized withdrawal of client funds, recommended unsuitable investments, failed to pay clients their promised return, and charged excessive fees, according to a Default Order by the Texas Securities Commissioner presently being reviewed by attorneys Alan Rosca and Joe Peiffer.

The Order goes on to allege that Graves sold a security that promised to pay between 2.5% and 5% of Warren Financial’s monthly gross income for periods of between three and seven years, but that the firm underpaid investors and in many months failed to make any payments to certain investors.

What is more, the Order finds that Graves allegedly deceived his clients by not disclosing facts they needed to make informed decisions.

Securities Rights Lawyers Investigating

The Peiffer Rosca Wolf securities rights lawyers often represent investors who lose money as a result of alleged investment fraud schemes. They are currently investigating Kenneth Graves for allegedly operating an investment 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 Kenneth Graves for allegedly operating an investment scheme may contact the securities rights lawyers 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 (1168 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.