Shawn Patrick Watkins—Real Estate Fraud Scheme
Shawn Patrick Watkins, of Layton, Utah, Allegedly Ran a $3.5 Million Real Estate Fraud Scam
Shawn Patrick Watkins, of Layton, Utah, and from about 2007 through 2014, allegedly operated a $3.5 million real estate fraud scam by offering investments in a company known as The Equity Growth Group (TEGG), according to a Federal Indictment currently under review by attorneys Joe Peiffer and James Booker.
Said Federal Indictment further details how Watkins allegedly solicited many customers at seminars in Orange County wherein he showcased himself as a real estate investment expert as well a former arm of the law, said Indictment further details.
The Peiffer Wolf securities lawyers are currently investigating Shawn Patrick Watkins’ alleged real estate fraud scam.
Shawn Patrick Watkins Allegedly Made Omissions and False Promises to Investors Including that TEGG Purportedly Controlled Hundreds of Income-Generating Properties and that TEGG Allegedly Had High Growth Potential
Shawn Patrick Watkins, as part of his pitch, allegedly made false promises to investors including that TEGG was in control of hundreds of properties, according to a Federal Indictment currently under review by attorneys Joe Peiffer and James Booker.
Furthermore, Shawn Patrick Watkins also allegedly made promises that TEGG would generate growth through new properties, the Indictment also alleges.
Finally, Shawn Patrick Watkins also allegedly made promises to investors that they would later take in nice interest payments or that their cash would be secure with collateral based on the filing of deeds or trust on properties, the Indictment notes.
Securities Lawyers Investigating
The Peiffer Wolf securities lawyers often represent investors who lose money as a result of real estate fraud scams and are currently investigating Shawn Patrick Watkins’s alleged real estate fraud 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 Shawn Patrick Watkins’s alleged real estate fraud scheme may contact the securities lawyers at Peiffer Wolf, Joe Peiffer or James Booker, for a free no-obligation evaluation of their recovery options, at 504-523-2434.