Timothy D. Burns—Investment Fraud

schemeTimothy D. Burns Allegedly Engaged in $19 Million Financial Fraud after Supposedly Expecting a $15 Million Windfall from Pre-IPO Facebook Shares

Timothy D. Burns, of Montgomery County, Pennsylvania, allegedly engaged in a $19 Million financial fraud after expecting a $15 million windfall from pre-IPO Facebook shares, according to U.S. District Court Documents currently under review by attorneys Alan Rosca and Joe Peiffer.

In addition, Burns allegedly purchased a bayside house in Avalon for $4.6 million, and when the Facebook deal did not come to fruition, Burns allegedly absconded with client money in order to pay for the 4,380-square-foot house, according to said Court Documents.

The Peiffer Rosca Wolf securities rights lawyers are currently investigating Timothy D. Burns and his alleged $19 million fraud scheme. Burns, 36, grew up in Phoenixville, graduated from St. Joseph’s University, and worked at Morgan Stanley before founding his own firm in 2005.

Timothy D. Burns Allegedly Took $11.25 Million of Client Money for Pre-IPO Facebook Shares Which Was Then Purportedly Stolen by California-based Troy Stratos

Timothy D. Burns allegedly used $11.25 million of client money for pre-IPO Facebook shares that was, in turn, stolen by Stratos, according to U.S. District Court documents which are currently being reviewed by attorneys Alan Rosca and Joe Peiffer.

Stratos, a reported career con man, allegedly used the money to pay off gambling debts and to buy a $92,000 Land Rover, among other luxuries, according to said Court Documents.

A federal jury in California found Stratos guilty in May, thanks in part to Burns’ testimony, which stretched slightly over three weeks, according to statements from U.S. Justice Department officials being examined at present by attorneys Alan Rosca and Joe Peiffer.

Securities Rights Lawyers Investigating

The Peiffer Rosca Wolf securities rights lawyers often represent investors who lose money as a result of alleged financial schemes. They are currently investigating Timothy D. Burns for allegedly operating a financial 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 Timothy D. Burns for his alleged financial investment may contact the investment rights lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1247 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.