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.

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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.