Louis Martin Blazer III—Unauthorized Withdrawals

investors rights attorneysLouis Martin Blazer III Allegedly Made Unauthorized Withdrawals from Blazer Capital Management Accounts, Lying and Producing False Deal Documents Created in Late Attempt to Conceal Misconduct

Louis Martin Blazer III allegedly made unauthorized withdrawals from Blazer Capital Management Accounts, according to SEC Documents currently under review by attorneys Joe Peiffer and Alan Rosca.

Louis Martin Blazer III was subsequently asked by clients to explain said transactions and he then allegedly lied and produced false deal documents that he created after the fact in a failed attempt to hide his purported misconduct, the SEC also notes.

The Peiffer Rosca Wolf securities lawyers are presently conducting an investigation into Louis Martin Blazer III’s alleged unauthorized withdrawals and failed attempt to hide his misconduct.

Louis Martin Blazer III Allegedly Lied to SEC Examiners, Defrauding Pro Athletes in Order to Invest in Movie Projects and Make Ponzi-like Payments

Louis Martin Blazer III, a Pittsburgh-based financial adviser, allegedly took money without permission from the accounts of several professional athletes in order to invest in movie projects and make Ponzi-like payments, according to the aforementioned SEC Documents presently being reviewed by attorneys Joe Peiffer and Alan Rosca.

Blazer, who founded Blazer Capital Management as a “concierge” firm targeting professional athletes and other high-net worth individuals, allegedly withdrew approximately $2.35 million from five clients without their authorization, allowing him to invest in two movie projects, the SEC reports.

Blazer, for example, allegedly made a pitch of a movie project to an athlete as an investment opportunity, and said client expressly refused to make the investment, the SEC notes, but Blazer allegedly took $550,000 from the client’s account anyway. The SEC further alleges that the client later learned about Blazer purported unauthorized investment in the movies and demanded repayment, even threatening a lawsuit.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers are currently investigating Louis Martin Blazer III’s unauthorized client withdrawals. 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.

The Peiffer Rosca Wolf securities lawyers are currently investigating Louis Martin Blazer III’s alleged unauthorized client withdrawals. Investors who believe they lost money as a result of Louis Martin Blazer III’s alleged misconduct may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1247 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.