Phil Donnahue Williamson—Investment Fraud, Ponzi Scheme
Phil Donnahue Williamson Allegedly Siphoned Money from His Investment Fund and Defrauded Investors, Including Several Retired Teacher and Law Enforcement Officers
Phil Donnahue Williamson allegedly siphoned money from his investment fund and defrauded investors, including several retired local teachers and law enforcement officers, according to an SEC Complaint currently under review by attorneys Joe Peiffer and Alan Rosca.
For example, one retired Miami-Dade County school teacher and church pastor allegedly invested $125,000 in the fund, and later that very same day, Williamson allegedly transferred $10,000 to himself to pay his credit card bill and make a BMW car payment among other personal expenses, the SEC notes.
The Peiffer Rosca Wolf securities lawyers are currently investigating Phil Donnahue Williamson’s alleged investment fund fraud.
Phil Donnahue Williamson Allegedly Conducted a Ponzi Scheme with Money he Raised for the Sterling Investment Fund, which Supposedly Invested in Mortgages and Properties in Florida and Georgia
Phil Donnahue Williamson allegedly conducted a Ponzi scheme with the money he raised for the Sterling Investment Fund, which purportedly invested in mortgages and properties in Florida and Georgia, according to an SEC Complaint currently under review by attorneys Joe Peiffer and Alan Rosca.
Williamson, the SEC further alleges, purportedly assured investors there was little or no risk involved and that they would receive annual returns of 8 to 12 percent, but, rather than invest their money as promised, he used the majority of fund assets to pay his personal expenses and make supposed returns to investors.
As a result of the aforementioned behavior, Phil Donnahue Williamson allegedly violated tenants of the anti-fraud provisions of the Investment Advisers Act, according to the SEC Complaint.
Securities Lawyers Investigating
The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged Ponzi schemes, and are currently investigating Phil Donnahue Williamson’s alleged Ponzi scheme. 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 Phil Donnahue Williamson’s alleged Ponzi scheme 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.