Levi David Lindemann—Investment Fraud
Levi David Lindemann Allegedly Orchestrated a $2.5 Million Investment Fraud with All the Hallmarks of a Ponzi Scheme
Levi David Lindemann, 40, and of Stillwater, Minnesota, allegedly ran a $2.5 million Ponzi scheme, according to Court Documents from Minnesota currently under review by attorneys Jason Kane and James Booker.
Levi David Lindemann, through his business, Alternative Wealth Solutions, allegedly ran a Ponzi scheme using cash from clients to pay personal expenses such as a luxury car and to make so-called “interest payments” he purported to be returns to prior investors, said Court Documents note.
Lindemann, from 2009 and November 2014, allegedly owned and operated Gerswin Financial Inc., based in Edina, Minnesota, which operated under the name Alternative Wealth Solutions and allegedly solicitied $4.3 million from 50 investor clients from Minnesota and Wisconsin, the aforementioned Court Documents report.
Through AWS, the Court Documents allege, Lindemann purportedly provided financial planning and asset management services, and sold insurance annuities and investment products.
The Peiffer Wolf Carr & Kane securities lawyers are investigating Levi David Lindemann’s alleged Ponzi scheme.
Former Clients Report that Levi David Lindemann Allegedly Promised to Put Their Retirement Saving in Safe, Conservative Investment Instruments, but Instead Purportedly Swindled Their Cash
Levi David Lindemann allegedly promised his clients that he would prudently invest their retirement savings in conservative investment instruments, according to Court Reports currently being examined by attorneys Jason Kane and James Booker,
Instead, said Court Documents further allege, Lindemann allegedly stole their retirement savings.
Lindemann allegedly used AWS to solicit about $4.3 million in client funds from approximately 50 investor clients, and then used some of the cash he took in to make Ponzi-style payments to previous investors, Court Documents report.
Court filings further detail how Lindeman allegedly “encouraged his clients to surrender to him their retirement accounts” in order for him to purportedly purchase secured notes or make other legitimate investments.
Many of the clients were not wealthy white collar investors, but rather working class folk who had scrapped and saved for years to earn a decent retirement, Court Documents report.
Reports from Minnesota show that prosecutors on the case have requested a sentence of 108 months, claiming that Lindemann “abused the trust of his investment clients in order to enrich himself at their expense”, according to Court Documents.
Securities Lawyers Investigating
The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of alleged Ponzi schemes and are currently investigating Levi David Lindemann’s alleged Ponzi scheme. 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 Levi David Lindemann’s alleged Ponzi scheme may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at (585) 310-5140 or via e-mail at email@example.com or firstname.lastname@example.org.