Kevin Wanner—Securities Fraud
Kevin 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.