Lakeside Capital Management LLC and Dennis H. Daugs Jr. Allegedly Defraud Clients Using Money for Personal Expenses

Investment fraud lawyersLakeside Capital Management LLC and owner Dennis H. Daugs Jr. were both charged with defrauding clients and abusing their provided assets in order to make personal loans, used for buying a vacation home and a vintage automobile, according to the Securities and Exchange Commission.

Daugs Jr. allegedly used assets from elderly clients for personal usage, as per the SEC investigation. He supposedly failed to act in the best interests of the clients and disclose to them all material conflict of interests, according to the director of the SEC’s San Francisco Regional Office.

Lakeside Capital Management LLC and Dennis H. Daugs Jr. agreed to pay back the clients with interest as well as pay $250,000 in penalties. Daugs Jr. will be banned from the securities industry for at least five years.

Investors who believe they lost money as a result of their investment with Lakeside Capital Management LLC or Dennis H. Daugs Jr. may contact the securities lawyers at Peiffer Rosca, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Broker: Dennis H. Daugs

Status: INVESTIGATED by Peiffer Rosca.

For brokercheck report and additional info click here!

Alan Rosca (1163 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.