Navagate’s Gregory Rorke Allegedly Made False and Misleading Statements in Order to Move Shares
The Peiffer Wolf Carr & Kane investment fraud attorneys are currently investigating Gregory Rorke, 60, and of Bronxville, New York, regarding alleged false and misleading statements made from the sale of Notes for Navagate.
From December 2009 through March of 2011, Rorke, a former adjunct professor at Columbia Business School, allegedly misled potential clients regarding the inherent risks of investing in short-term notes of Navagate, according to SEC documents currently being reviewed by attorneys Jason Kane and Joe Peiffer.
The SEC documents further allege that Navagate, a tech start-up claiming to sell sales force automation software, and Rorke, the co-founder, chief executive, and principal owner of Navagate, made a number of false and misleading statements specifically detailing the assets purporting to guarantee the Notes and Navagate’s tax liabilities.
Rorke Allegedly Claimed to Own $12 Million in Assets
Rorke allegedly signed a personal guarantee to investors supported by a financial statement which falsely indicated that he personally had a stake of at least $12 million in assets, including more than $1 million in cash, more than $5 million in securities, and a home worth more than $1 million, according to SEC documents currently being reviewed by attorneys Jason Kane and Joe Peiffer.
In addition, the SEC documents further allege that Rorke made false statements regarding payments to the IRS, and that he had made a business deal with a representative of Hong Kong Shanghai Bank Corporation.
As a result, the SEC alleges that Rorke violated multiple SEC Rules.
Investment Fraud Lawyers Investigating
The Peiffer Wolf Carr & Kane investment fraud attorneys often represent investors who lose money as a result of investment fraud. They are currently investigating the possibility of assisting victims who may have invested with Rorke and Navagate, and are looking to help with the recovery of their losses. 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 Rorke’s alleged investment fraud or misconduct may contact the invest recovery at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.