Matthew D. Sample Allegedly Defrauded Investors in Connection with The Lobo Volatility Fund
Matthew D. Sample defrauded investors by diverting investor funds for his personal use and making payments to other investors, according to a complaint filed by the Securities and Exchange Commission (SEC). Securities practice attorneys Jason Kane and Joe Peiffer are investigating the matter.
Sample was a hedge fund manager who fraudulently raised almost $1 million from five investors, according to the complaint. Sample solicited investors into The Lobo Volatility Fund, LLC based upon his representations that he would use their money to trade options by employing a proprietary trading strategy, according to the SEC.
Sample used approximately $500,000 of the investor funds for trading purposes, but diverted at least one-third of the funds for his personal use and to make payments to other investors, according to the complaint.
Sample’s trading strategy failed, resulting in the loss of all remaining investor funds, according to the SEC. Sample failed to provide investors with an accurate accounting of their funds, but instead provided false documents that made it appear as if his trading had been successful, according to the complaint.
The Peiffer Wolf securities attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. 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 investment fraud or misconduct may contact the securities lawyers at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 585-310-5140.