Kevin Wanner—Securities Fraud

dreamstimeextrasmall_1590530Kevin Wanner Allegedly Ran a $3 Million Investment Fraud Involving over 40 Investors; Securities Lawyers Investigating

Kevin Wanner received a cease-and-desist order in December of 2015 from the North Dakota Securities Department accusing him of allegedly selling fraudulent CD’s and also allegedly selling investments above current market rates, according to Documents from the North Dakota Securities Department  currently under review by Peiffer Rosca Wolf securities lawyers Alan Rosca and James Booker.

Wanner has also been accused of placing investor funds into his own coffers as part of a 14-year and $3 million fraud scheme involving over 40 investors, said Documents further allege.

The Peiffer Rosca Wolf investor right lawyers are currently investigating Kevin Wanner‘s alleged securities scheme. They have teamed up with a North Dakota law firm to work at this matter and are preparing to take action on behalf of victimized investors.

Kevin Wanner Allegedly Recruited Clients to Phony Investment Club, Spent Client Funds on Personal Use

Kevin Wanner, starting around 2001, allegedly sold phony CD’s to his clients and got them set up in a bogus investment group called the Bulls and Bears Investment Club, according to an affidavit by the North Dakota Securities Department currently under review by attorneys Alan Rosca and James Booker.

Wanner, who purportedly admitted to spending client funds on his own personal use, allegedly took in $500,000 from an alleged victim, according to Court Documents from North Dakota.

Wanner, said alleged victim claims, then dispensed annual interest checks of $3,000 to $4,000  while he rolled the matured CD into a new deposit, but suspiciously never handed out Federal Tax forms to said client with the aforementioned interest payments, said Court Documents further allege.

Securities Lawyers Preparing to Take Action

The Peiffer Rosca Wolf investor right lawyers have teamed up with a North Dakota law firm and are preparing to take action and assist victimized 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 Kevin Wanner’s alleged securities fraud scheme may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1247 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.