Sonya Camarco— Alleged Misappropriation of Funds and Fraud
Sonya D. Camarco Allegedly Engaged in Fraud by Purportedly Misappropriating over $2.8 Million from Her Clients and Customers; Many of Camarco’s Alleged Victims Were Purportedly Elderly Clients
Sonya Camarco, from at least 2004 through August 2017, allegedly orchestrated egregious fraud by purportedly misappropriating over $2.8 million from her clients and customers, according to an SEC Complaint currently under review by attorneys Jason Kane and James Booker.
Investors who believe they may have lost money in activity related to Sonya Camarco’s alleged fraud scheme are encouraged to contact attorneys Jason Kane or James Booker with any useful information or for a free, no obligation discussion about their options.
The Peiffer Wolf Carr & Kane securities lawyers are currently investigating Sonya Camarco’s alleged fraud scheme and look forward to getting in touch with investors.
Camarco, 45, and a resident of Colorado Springs, Colorado, allegedly implemented her wholly owned company, Camarco Investments, to take in some of said stolen funds and to allegedly siphon said funds into Camarco’s personal accounts, according to the aforementioned Complaint.
A number of Camarco’s alleged victims were longtime clients and customers and at least a few were purportedly elderly, the Complaint notes.
Camarco Allegedly Transferred Investor funds to Camarco Living Trust to Help Fuel a Lavish Lifestyle Purportedly Including Five Homes
Sonya Camarco allegedly made transfers of investor funds to Camarco Living Trust in order to purportedly purchase real property, according to the aforementioned Complaint presently under review by attorneys Jason Kane and James Booker.
What is more, Camarco allegedly used said funds to prop up a lavish lifestyle which purportedly included purchasing and paying for five homes for person and her family and making credit card payments up to $70,000 a month, the Complaint reports.
The SEC has also reported than emergency relief via an asset freeze is purportedly necessary in order to shield investors from Camarco’s further alleged defalcation and to keep any remaining proceeds of her alleged theft and any assets purportedly procured using those proceeds, the Complaint states.
Sonya Camarco was a registered representative and investment advisory representative of LPL Financial LLC, a dually- registered investment adviser and broker-dealer, from February 2004 until her purported termination on August 9, 2017, the SEC reports.
Securities Lawyers Investigating
The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Sonya Camarco’s alleged fraud scheme and are working to get in touch with investors. 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 Sonya Camarco’s alleged fraud scheme may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at (585) 310-5140 or via e-mail at email@example.com or firstname.lastname@example.org.