On November 20, 2015, the Securities and Exchange Commission filed fraud charges and an emergency motion for asset freeze, appointment of a receiver, temporary restraining order, and other relief against Christopher Brogdon, in connection with numerous, fraudulent municipal bond offerings he allegedly orchestrated.
The SEC also sued a number of related entities and individuals as relief defendants. Those relief entities, most of which were allegedly involved in or received funds raised through the Brogdon muni bond offerings, are Brogdon Family, Gordon Jensen Healthcare Association, JRT Group Properties, Mobama Nursing, National Assistance Bureau, Saint Simons Healthcare, and Winter Haven Homes.
The SEC alleged that Brogdon raised millions of dollars from investors who were assured their funds would be used to purchase, renovate, expand, and/or manage nursing homes or assisted living facilities. Instead, according to the SEC’s charges, Brogdon paid investors with money obtained from new investors and misappropriated considerable amounts of money that he spent for other projects and unrelated, personal expenses.
The SEC is seeking, among other relief, restitution of the allegedly ill-gotten gains obtained by Brogdon. However, it appears that many Brogdon entities are facing financial difficulties, and it is unclear how much money, if any, the SEC will be able to recover for the investors.
The investor right lawyers in the Peiffer Wolf law firm’s securities practice have been investigating and evaluating the Brogdon this case and are preparing to take action and seek compensation on behalf of Brogdon investors. Their goal is to try and supplement whatever recovery may be available for the investors through the SEC’s case by pursuing claims against third-party entities not charged by the SEC, namely entities that, according to their investigation, assisted and enabled Brogdon’s alleged fraud.
Jason Kane, Joe Peiffer, and the other attorneys at the Peiffer Wolf law firm represent individual and institutional investors who have suffered financial losses as a result of unlawful conduct by financial professionals. They take most of their cases on a contingency fee basis, advance the case expenses, and typically only get paid for their fees and case expenses they advanced if and when they recover money for their clients.
Investors in municipal bond offerings orchestrated by Brogdon and/or his entities, Gordon Jensen Healthcare Association, JRT Group Properties, Mobama Nursing, National Assistance Bureau, Saint Simons Healthcare, or Winter Haven Homes, may contact attorneys Joe Peiffer, or Jason Kane at 585-310-5140, by email, at email@example.com, or by filling out the contact form on this page, for a free, no-obligation evaluation of their investment recovery options.