Tucson Ethanol-investment Firm and Founder and CEO Scott Brittenham Looking at SEC Charges
Have you invested with Clean Energy Capital LLC (CEC) and Scott Brittenham? The Peiffer Wolf Carr & Kane investment fraud attorneys are currently investigating CEC’s CEO and his Tucson-based ethanol investment firm, which has been charged by the U.S. Securities and Exchange Commission (SEC) with allegedly improperly shifting expenses to investment funds they manage.
In an administrative order currently being reviewed by attorneys Joe Peiffer and Jason Kane, the SEC’s Enforcement Division alleges that CEC and its founder and CEO, Scott Brittenham, inappropriately paid firm expenses by using assets from 19 private equity funds which invest in private ethanol production plants.
The SEC further alleges that CEC allegedly marketed 19 separate private equity funds to investors using Ethanol Capital Partners, LP (ECP). Each fund was reportedly marketed as a separate entity, labeled by a letter such as Fund A.
In sum, the 20 CEP Funds allegedly raised $64 million from hundreds of investors, according to SEC documents currently under review by attorneys Joe Peiffer and Jason Kane.
Investment Fraud Lawyers Investigating
The Peiffer Wolf Carr & Kane investment fraud attorneys often represent investors who lose money as a result of investment fraud. They are currently investigating CEC and Scott Brittenham, and the possibility of assisting victims with the recovery of their losses. 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 CEC and Scott Brittenham’s alleged misconduct may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.
Broker: Scott Brittenham
Status: INVESTIGATED by Peiffer Rosca.
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