SEC Charges John A. Geringer in Alleged $60 Million Ponzi Scheme

california ponzi scheme attorneysJohn A. Geringer, of Scotts Valley, California, has been charged by The Securities and Exchange Commission (SEC) with running an alleged $60 million investment fund in Ponzi scheme fashion, and also with defrauding investors by trumpeting fictitious trading profits, instead of reporting the cold hard facts, and the actual trading losses which had been incurred whilst he ran GLR Growth Fund.

Geringer Allegedly Used Misleading Marketing Materials

The SEC alleges that John A. Geringer, who managed the GLR Growth Fund, used false and misleading marketing materials to lure investors into believing that the fund was earning double-digit annual returns with a formula of investing 75 percent of its assets in investments tied to major stock indices, such as the DOW Jones or S&P 500.

In actuality, Geringer’s trading practices reportedly produced consistent losses and he eventually stopped trading all together. To camouflage his fraud, Geringer reportedly paid millions of dollars in “returns” to investors largely by using money received from newer investors, which is a telltale sign of any Ponzi scheme. He also allegedly sent investors periodic account statements showing fictitious growth in their investments.

Christopher Luck and Keith Rode Also Indicted on Alleged Fraud Charges

Christopher Luck, also of Scotts Valley, California, and Keith Rode of Franklin, Wisconsin, were also indicted by the SEC on alleged fraud charges. The triumvirate of Geringer, Rode, and Luck were former partners in an enterprise called Geringer, Luck and Rode LLC, that operated an investment fund called GLR Growth Fund. The trio is accused of allegedly obfuscating more than half of more than $60 million in investments to themselves and companies of personal interest.

Investment Recovery Lawyers Investigating

The Peiffer Rosca Wolf investment recovery lawyers often represent investors who lose money as a result of Ponzi schemes or investment 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.

Investors who believe they lost money as a result of Ponzi schemes or investment fraud may contact the investment recovery lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Broker: John A. Geringer

Status: INVESTIGATED by Peiffer Rosca.

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Alan Rosca (1157 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.