OM Investment Management Accused of Fraudulently Raising Money Related to OM Global Investment Fund, LLC
OM Investment Management LLC, a Tampa-based investment advisor, Gingesh Movalia, and Edwin V. Gaw fraudulently raised money and made material misrepresentations and omissions relating to OM Global Investment Fund, LLC, an unregistered hedge fund, according to a complaint filed by the Securities and Exchange Commission (“SEC”).
The Peiffer Wolf securities practice attorneys Jason Kane and Joe Peiffer are investigating the matter.
OM Investment Management, Movalia, and Gaw made material misrepresentations and omissions concerning the fund’s holdings and investments, the identity and duties of the fund’s auditor, sub-adviser, and administrator, and failed to register the offering and sale of securities, according to the complaint filed by the SEC.
Movalia and OM Investment Management made material omissions about the fund’s entry into related party transactions, distributed fabricated account statements, misappropriated investor funds, made false statements in regulatory filings with the SEC, and failed to comply with federal securities laws and rules concerning the operation of an advisory business and an investment company, 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 are currently investigating the possibility of assisting victims with the recovery of their losses with OM Investment Management LLC, Gingesh Movalia, and Edwin V. Gaw. 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 their investment with OM Investment Management LLC, Gingesh Movalia, and Edwin V. Gaw 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.