Philip Moriarty Fraud Charges

Phillip E. Moriarty, of Scarborough, Charged with Allegedly Defrauding Investors out of $1.1 million

Investment fraud attorneys, 47, has been charged with allegedly defrauding investors of at least $1.1 million over five years, according to court reports from Chicago currently under review by attorneys Alan Rosca and Joe Peiffer.

Philip E. Moriarty, has been charged with six federal counts of wire fraud, according to a January 2014 indictment from an Illinois grand jury being analyzed by attorneys Alan Rosca and Joe Peiffer. The Court has ordered that Moriarty surrender his passport and ordered him to appear Feb. 19 in U.S. District Court in Chicago to face the charges. The Peiffer Rosca Wolf investment recovery lawyers are currently investigating Philip E. Moriarty and his alleged acts of fraud.

Philip E. Moriarty Allegedly Solicited Investors Using False and Fraudulent Documentation

Prosecutors charge that while living in Illinois between May 2008 and June 2013, Moriarty owned and operated First Street Capital Partners, LLC, a Delaware company with an office in Chicago, which he presented as a financial services provider, according to court reports under analysis by attorneys Alan Rosca and Joe Peiffer.

The indictment alleges that Moriarty allegedly solicited investors in the two companies using false and fraudulent documentation and provided them with fraudulent and phony stock purchase agreements, according to reports from Chicago. He allegedly used those funds to pay for personal expenses including a $42,416 payment on a personal credit card, approximately $39,100 to a golf, hunting, and fishing club, and approximately $23,000 to a boarding school in New Hampshire, according to court documents.

Investment Recovery Lawyers Investigating

The Peiffer Rosca Wolf investment recovery attorneys often represent investors who lose money as a result of investment misconduct, and are currently investigating Philip E. Moriarty, and his alleged fraud. 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.

Any Investors who believe they lost money as a result of alleged fraud committed by Philip E. Moriarty may contact the investment rights attorneys at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1163 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


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.