Levi Lindemann Reportedly Swindled Elderly Clients in Alleged $1 Million Ponzi Racket

stockbroker fraud attorneysThe Peiffer Wolf Carr & Kane investment recovery lawyers are currently in the midst of investigating Levi Lindemann, 38, and of West Lakeland, Minnesota, and preparing to assist victims with the recovery of any funds.

Lindemann reportedly solicited six elderly Wisconsin investors in an alleged $1M Ponzi Scam, according to SEC documents currently being pored over by attorneys Joe Peiffer and Jason Kane.

From 2009 to 2013, according to said SEC documentation, Lindemann allegedly moved client funds into accounts bearing his own name, or into those of firms he controlled.

Lindemann, the SEC further notes, also allegedly told his clients that he would invest their money in a real estate investment company, HomePath Financial, life insurance policy-backed notes from GWG Life, and interest in a unit investment trust through one of his two firms, Alternative Wealth Solutions, or Gershwin Financial, neither of which were FINRA members.

The SEC claims that he not only failed to invest the money as agreed, but went so far as to allegedly squander client funds on automobiles worth in the neighborhood of $100, 000, paying the tax man, and sending money downstream to keep his pyramid scam flowing.

According to court documents currently under review by attorneys Jason Kane and Joe Peiffer, the SEC has charged the former advisor with allegedly defrauding elderly clients, even a relative, of nearly $1 million over the four year period, and creating an elaborate game of smoke and mirrors with alleged fake statements, signatures and gains.

Investment Recovery Lawyers Investigating

The Peiffer Wolf Carr & Kane investment rights attorneys often represent investors who lose money as a result of investment misconduct. They are currently investigating Levi Lindemann, and his alleged $1 million Ponzi scheme, and are actively preparing to assist 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.

Investors who believe they lost money as a result of Levi Lindemann, and his alleged $1 million Ponzi scheme, may contact the investment rights attorneys at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.

Broker: Levi Lindemann

Status: INVESTIGATED by Peiffer Rosca.

For brokercheck report and additional info click here!

phil korosec (1249 Posts)

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.