Philip Moriarty Fraud Charges
Phillip E. Moriarty, of Scarborough, Charged with Allegedly Defrauding Investors out of $1.1 million
, 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 Jason Kane 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 Jason Kane 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 Wolf Carr & Kane 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 Jason Kane 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 Wolf Carr & Kane 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 Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.