Wayne LeMar Palmer and Julieann Martin– Investment Fraud Scheme
Wayne LeMar Palmer and Julieann Martin Allegedly Operated a $140 Million Investment Fraud Scheme
Wayne LeMar Palmer, 60, and Julieann Martin 47, of West Jordan, Utah, allegedly orchestrated a $140 million fraud scheme, according to Documents from the FBI’s Utah Division currently under review by attorneys Jason Kane and Joe Peiffer.
Said indictment goes on to allege that Palmer and Martin solicited more than 600 investors with false statements, including ones which stated that their investments were safe and guaranteed.
The Peiffer Wolf securities rights lawyers are currently investigating Wayne LeMar Palmer and Julieann Martin for allegedly operating a $140 million investment fraud.
NNU Allegedly Solicited and Sold Investments in the form of Fixed Rate Promissory Notes at a Rate of 12 Percent Per Annum
Palmer and Martin allegedly claimed that the firm was profitable, and generated at least 18 percent returns on investments and was never late paying an investor, according to said FBI Documents being analyzed at the moment by attorneys Jason Kane and Joe Peiffer.
The duo, through National Note of Utah (NNU), which Palmer started about Dec. 30, 1992, allegedly solicited and sold investments, generally in the form of fixed rate promissory notes at a rate of 12 percent per year, according to the FBI Indictment.
Palmer and Martin, however, allegedly did not tell investors that new funds were being used to make payments to older investors and to cover NNU and Palmer’s personal expenses, according to Documents under analysis by by attorneys Jason Kane and Joe Peiffer. The Documents also state that National Note had not been profitable since 2007.
Securities Rights Lawyers Investigating
The Peiffer Wolf securities rights lawyers often represent investors who lose money as a result of alleged investment fraud and schemes. They are currently investigating LeMar Palmer and Julieann Martin for allegedly operating an investment 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 LeMar Palmer and Julieann Martin for allegedly operating an investment scheme may contact the securities rights lawyers at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 585-310-5140.