Khaled A. Eldaher and Efstratios Argyropoulos Investigated by Investor Right Lawyers for Alleged Fraud Involving Pre-IPO Twitter and Facebook Shares

investment fraud attorneyKhaled A. Eldaher and  Efstratios Argyropoulos  are being investigated by the Peiffer Rosca Wolf investment recovery lawyers in connection with their alleged sales of pre-IPO Twitter and Facebook shares.

Efstratios “Elias” Argyropoulos has been charged by the The Securities and Exchange Commission (SEC) with fraudulently raising nearly $3.5 million from investors purportedly to purchase Facebook and Twitter shares prior to their initial public offerings (IPOs), allegedly, according to SEC documents currently being scanned by attorneys Joe Peiffer and Alan Rosca.

The SEC documents further allege that instead of purchasing the shares in the secondary market as promised, Argyropoulos and his firm Prima Capital Group allegedly misappropriated investor funds, using the money mostly for day trading of stocks and options, and also paying off select investors who registered complaints that they had not received their promised shares of Facebook or Twitter.

Attorneys Joe Peiffer and Alan Rosca continue to look over the SEC documents which also announced an administrative proceeding against Khaled A. Eldaher, a registered representative from the capital of Texas.

The SEC Enforcement Division also alleges that while laboring for a registered broker-dealer, Eldaher reportedly reached a side agreement with Argyropoulos to solicit investors, which would have netted him 50 percent of the mark-up on what he sold.

Eldaher reportedly hawked $362,887.50 worth of Facebook shares, and received $15,478 by Prima Capital. He was later terminated by the broker-dealer for allegedly selling securities outside of his firm in violation of the Securities Exchange Act.

Investment Recovery Lawyers Investigating

The Peiffer Rosca Wolf investment recovery attorneys often represent investors who lose money as a result of investment misconduct. They are currently investigating the sale of Facebook and Twitter shares by Prima Capital, Efstratios “Elias” Argyropoulos, and Khaled A. Eldaher, and the possibility of assisting any investors with the recovery of any losses they may have suffered. 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.

Any Investors who believe they lost money as a result of alleged misinformation regarding the sale of Facebook and Twitter shares by Prima Capital, Efstratios “Elias” Argyropoulos, and Khaled A. Eldaher may contact the investment recovery attorneys at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Broker: Khaled A. Eldaher

Status: INVESTIGATED by Peiffer Rosca.

For brokercheck report and additional info click here!

Broker: Efstratios “Elias” Argyropoulos

Status: INVESTIGATED by Peiffer Rosca.

For brokercheck report and additional info click here!

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.