Stephen Eubanks—Ponzi Scheme
Stephen Eubanks Allegedly Ran a $529,000 Massachusetts Ponzi Scheme Involving Friends, Family and Neighbors
Stephen S. Eubanks allegedly operated a $529,000 Ponzi scheme in Massachusetts involving his family and supposed friends and neighbors, according to a Complaint from the office of Massachusetts Secretary of the Commonwealth currently under review by attorneys Joe Peiffer and James Booker.
Stephen S. Eubanks allegedly made appearances that he was a profitable hedge fund manager of Eubiquity Capital, but a Chicago Stock Exchange investigation alleges that Eubanks purportedly failed to report Eubiquity Capital.
The Peiffer Wolf securities lawyers are investigating Steve Eubanks’ alleged Ponzi scheme.
Stephen S. Eubanks Allegedly Requested that Clients Invest in Stocks, Options and Other Securities; Eubanks Allegedly Used $145,000 for Personal Expenses and $140,000 to Repay Earlier Investors, a Ponzi Scheme Red Flag
Stephen Eubanks, while posing as a successful hedge fund manager, allegedly urged investors to sink their money into stocks, options, and other assorted securities, according to the aforementioned Complaint currently being reviewed by attorneys Joe Peiffer and James Booker.
Eubanks allegedly used $145,000 to support his luxurious lifestyle and put another $140,000 toward repaying previous investors.
Repaying old investors with the cash from new investors is a telltale red flag for a Ponzi scheme. Eubanks also allegedly lost all of the investors’ funds, the Complaint also notes.
Securities Lawyers Investigating
The Peiffer Wolf securities lawyers often represent investors who lose money as a result of alleged Ponzi schemes and are currently investigating Steve Eubanks’ alleged Ponzi 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 Stephen S. Eubanks’ alleged Ponzi 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 or via e-mail at email@example.com or firstname.lastname@example.org.