Kevin C. Brown and George P. Brown and Summit Trust— Multi-Million Dollar Offering Frauds

Cleveland stockbroker fraud lawyerKevin C. Brown, and his Father, George P. Brown, Allegedly Orchestrated Three Offering Frauds, Unregistered Offerings Related to Securities Issued by Summit Trust Company, a Nevada-chartered Trust Company

Kevin C. Brown, and his father, George P. Brown, two Pennsylvania investment advisers, allegedly orchestrated three offering frauds over the past ten years, according to recent Documents from the SEC currently under review by attorneys Joe Peiffer and Alan Rosca.

Kevin C. Brown and George P. Brown allegedly offered fraudulent, unregistered offerings related to securities issued by Summit Trust Company (STC), a Nevada-chartered trust company, the Rampart Fund LP (Rampart Fund), a private fund managed by the Browns, and Trust Counselors Network, Inc. (TCN), a non-profit charitable organization, the SEC reports.

The Peiffer Rosca Wolf securities lawyers are currently investigating securities issued by Summit Trust Company, a Nevada-chartered trust company.

The Browns Raised over $33 Million from over 150 Investors in Multiple States

Kevin C. Brown and George P. Brown, between 2008 and 2014, allegedly drummed up over $33 million from over 150 investors in multiple states through the offering of STC’s preferred stock while representing that the proceeds would be used for business expansion and acquisitions, according to recent documents from the SEC currently under review by attorneys Joe Peiffer and Alan Rosca.

The SEC goes on to further allege that the complaint alleges that STC and the Browns used most of the proceeds to make Ponzi-like payments to existing preferred stock shareholders, to cover obligations and expenses of the Browns’ other affiliated entities, and for undisclosed speculative investments.

One should also note that, according to the SEC Complaint, Kevin C. Brown and George P. Brown neither admitted nor denied the SEC findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of offering frauds. They are currently investigating the fraudulent, unregistered offerings related to securities issued by Summit Trust Company. 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 the fraudulent, unregistered offerings related to securities issued by Summit Trust Company 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.

Alan Rosca (1123 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.