William B. Fretz, Jr. and John “Jack” P. Freeman—Investment Fraud

New York investor rights attorneysWilliam B. Fretz, Jr. and John “Jack” P. Freeman Allegedly Ran a Million Dollar Investment Scheme, Defrauding Friends and Family in a Private Equity Fund

William B. Fretz, Jr. and John “Jack” P. Freeman allegedly ran a million dollar investment scheme which defrauded friends and family in a private equity fund, according to SEC Documents currently under review by investor rights attorneys Alan Rosca and Joe Peiffer.

William B. Fretz, Jr. and John “Jack” P. Freeman allegedly orchestrated their fraud through their unregistered adviser, Covenant Capital Management Partners, L.P. and the private equity fund they managed, Covenant Partners, L.P., the SEC notes.

The Peiffer Rosca Wolf investor rights attorneys are currently investigating Fretz and Freeman, who allegedly sold partnership interests in the fund to family and friends as the SEC alleges.

William B. Fretz, Jr. and John “Jack” P. Freeman Allegedly Paid Themselves Nearly $600,000 in Unearned Performance Fees, Owe SEC $6.8 Million, Barred from Securities Industry

William B. Fretz, Jr. and John “Jack” P. Freeman allegedly funneled more than $1 million to Keystone Equities Group L.P., a failing broker-dealer that they operated and controlled, paid themselves nearly $600,000 in performance fees they had not earned, according to SEC Documents currently under review by investor rights attorneys Alan Rosca and Joe Peiffer.

What is more, William B. Fretz, Jr. and John “Jack” P. Freeman allegedly used fund assets to repay personal obligations, the SEC also notes.

William B. Fretz, Jr. and John “Jack” P. Freeman, without admitting or denying the SEC’s findings, have agreed to pay $5.4 million of allegedly ill-gotten gains and prejudgment interest of $353,582, and also agreed to be permanently barred from the securities industry and to pay civil penalties of $500,000 each.

Investor Rights Lawyers Investigating

The Peiffer Rosca Wolf investor rights attorneys often represent investors who lose money as a result of alleged investment schemes. They are currently investigating William B. Fretz, Jr. and John “Jack” P. Freeman 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 William B. Fretz, Jr. and John “Jack” P. Freeman for allegedly operating an investment may contact the investor rights attorneys 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 (1225 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.