LERMAN LAW FIRM ISSUES NATIONWIDE ELDER FINANCIAL EXPLOITATION ALERT OF PONZI SCHEMES TOUTING NFL PLAYERS AS CURRENT INVESTORS

 

http://www.globenewswire.com/news-release/2016/03/03/816663/0/en/Lerman-Law-Firm-Issues-Nationwide-Elder-Financial-Exploitation-Alert-of-Ponzi-Schemes-Touting-NFL-Players-as-Current-Investors.html

Any seniors, NFL players, or others who believe they may be victims of these investment schemes are encouraged to contact local, state and federal authorities immediately to help bring the perpetrators to justice.

FORT LAUDERDALE, Fla., March 03, 2016 (GLOBE NEWSWIRE) -- The Lerman Law Firm (Cathy Jackson Lerman, PA) today issued a nationwide alert to senior citizens and elders, who are being targeted for Ponzi and investment schemes, and drawn in on the premise that players in the National Football League (NFL) are already investors. These senior victims are approached and enticed by investment fraud promoters to invest through self-directed IRAs, promissory notes, cash or penny stocks. In most cases, the NFL players used to promote the Ponzi schemes are actually victims themselves and have no knowledge that their names are being used to perpetuate fraud on the elderly.

Cathy Lerman, Esq. of the Lerman Law Firm stated today: “Our law firm is working with a wide array of victims, whistleblowers, and state and federal law enforcement to bring the perpetrators of these schemes against the elderly to justice. We are also assisting NFL players who are victims of these fraudulent investment schemes.”

Lerman added: “We encourage any seniors, NFL players, or others who believe they may be victims of these financial exploitation schemes to immediately contact law enforcement.  Victims should also file complaints with the SEC, the attorneys general of their state and their state securities commissions.  This is an ongoing case of affinity fraud being conducted all across the United States, and it must be stopped immediately.”

The Lerman Law Firm is headquartered in Fort Lauderdale, Florida but handles a variety of legal matters across the United States including, but not limited to regulatory issues, elder law, consumer protection, ethics and public corruption.  Ms. Lerman may be reached at clerman@lermanfirm.com or 954-332-1143.

March 03, 2016 10:00 ET | Source: Lerman Law Firm

Any seniors, NFL players, or others who believe they may be victims of these investment schemes are encouraged to contact local, state and federal authorities immediately to help bring the perpetrators to justice.

FORT LAUDERDALE, Fla., March 03, 2016 (GLOBE NEWSWIRE) -- The Lerman Law Firm (Cathy Jackson Lerman, PA) today issued a nationwide alert to senior citizens and elders, who are being targeted for Ponzi and investment schemes, and drawn in on the premise that players in the National Football League (NFL) are already investors. These senior victims are approached and enticed by investment fraud promoters to invest through self-directed IRAs, promissory notes, cash or penny stocks. In most cases, the NFL players used to promote the Ponzi schemes are actually victims themselves and have no knowledge that their names are being used to perpetuate fraud on the elderly.

Cathy Lerman, Esq. of the Lerman Law Firm stated today: “Our law firm is working with a wide array of victims, whistleblowers, and state and federal law enforcement to bring the perpetrators of these schemes against the elderly to justice. We are also assisting NFL players who are victims of these fraudulent investment schemes.”

Lerman added: “We encourage any seniors, NFL players, or others who believe they may be victims of these financial exploitation schemes to immediately contact law enforcement.  Victims should also file complaints with the SEC, the attorneys general of their state and their state securities commissions.  This is an ongoing case of affinity fraud being conducted all across the United States, and it must be stopped immediately.”

The Lerman Law Firm is headquartered in Fort Lauderdale, Florida but handles a variety of legal matters across the United States including, but not limited to regulatory issues, elder law, consumer protection, ethics and public corruption.  Ms. Lerman may be reached at clerman@lermanfirm.com or 954-332-1143.

RENUEN (OTC:RENU) CONSUMER WARNING-FALSE ADVERTISING, ELDER ABUSE, DECEPTIVE TRADE PRACTICES

CONSUMERS WHO HAVE CONTRACTED WITH RENUEN SHOULD CONTACT THE FRAUD UNIT FOR THE FLORIDA ATTORNEY GENERAL, FILE A BBB COMPLAINT, CONTACT YOUR LOCAL FBI OFFICE, CONTACT YOUR LOCAL POLICE AGENCY AND SEND AN EMAIL TO THE SEC IN MIAMI AT MIAMI@SEC.GOV DETAILING YOUR INVOLVEMENT WITH RENUEN. IN THE RE: PUT RENUEN (RENU).  

RENUEN IS A FRAUDULENT SCHEME. THE CEO OF RENUEN IS A TWICE CONVICTED FELON WHO WAS PREVIOUSLY FOUND GUILTY OF CONTRACTOR FRAUD.  DO NOT PAY THIS COMPANY OR SIGN ANY PAPERS AGREEING TO THE JOB OR THE QUALITY OF THEIR WORK. THIS COMPANY IS A SCAM.  THIS IS A CONSUMER PROTECTION WARNING BY THE LERMAN LAW FIRM.

IF YOU ARE THE VICTIM OF A PONZI SCHEME AND USED A SELF-DIRECTED IRA FOR YOUR INVESTMENT READ THIS

As you know, our law firm, along with a team of various firms across the country, are filing lawsuits against custodians/administrators of Self-Directed IRAs ("SDIRA"). These lawsuits are based upon allegations that the SDIRA Custodians/Administrators  facilitated, protected, extended the life of and, in some cases, actually participated in the Ponzi schemes.  I have personally received emails and phone calls from hundreds of victims across the United States who are seeking legal representation for hundreds of Ponzi schemes of which they are victims.  Most are elderly victims who lost their life savings. Our legal team has been deluged with requests by victims who want to serve as class representatives for one of our class actions against these SDIRA custodians/administrators.  At this time we are maintaining a database of class representatives.  However, we cannot guarantee a specific time in which we will be able to file cases on behalf of all of these victims which run into the tens of thousands.

So I wanted to make sure all of you who are victims take action to make sure that state and federal authorities are aware of these Ponzi schemes and the custodians who were involved.  All of you who are victims of a Ponzi scheme or fraudulent investment scheme involving a SDIRA should do the following:

1. Go the SEC website, www.sec.gov.,  go to sec.gov/complaint.  You will see a link for an online complaint form or an address and fax number to send in your complaint.  There is a team of SEC investigators who are assigned to intake these complaints and review them.  The more victims that file complaints the more likely it is that your complaint will be investigated.  I encourage everyone to do this immediately.

2. Google your state securities regulators.  Go to their website. Most have an online complaint form. If not, call them and find out how to file a complaint. But file complaint!

3.  File a complaint with your state Attorney General.  All state AGs have complaint forms that can be sent online, via fax or via mail.

4.  Write your state and federal legislators and tell them your story.  We must adopt stricter laws governing these Custodians/Administrators and they need strict scrutiny by a regulatory body that can impose both civil and criminal sanctions on them, their officers and directors for their participation in Ponzi schemes and fraudulent investment schemes.

BUT YOU MUST FILE A COMPLAINT IN ORDER TO GET THE ASSISTANCE OF ONE OR MORE OF THESE AGENCIES.  FILE A COMPLAINT WITH ALL OF THEM.

GOOD LUCK AND JUST KNOW THAT OUR TEAMS ARE WORKING DILIGENTLY TO BRING THESE SDIRA CUSTODIANS/ADMINISTRATORS TO JUSTICE BUT THEY HAVE BEEN ABLE TO GET AWAY WITH THIS FOR DECADES. 

UNFORTUNATELY THE COURTS HAVE BEEN FOOLED INTO BELIEVING THAT THEY REALLY ACT AS "PASSIVE CUSTODIANS" AND HAVE PERMITTED THEM TO  ESCAPE LIABILITY FOR THEIR OWN FRAUD AND WRONGDOING THROUGH THEIR SDIRA CONTRACTS .

SDIRA CUSTODIANS/ADMINISTRATORS ARE THE ONLY COMMERCIAL INDUSTRY IN THE UNITED STATES THAT HAVE BEEN PERMITTED TO CONTRACT AWAY THEIR OWN LIABILITY FOR FRAUD, INVESTMENT FRAUD, AIDING AND ABETTING PONZI SCHEMES, CHARGING ILLEGAL AND EXCESSIVE FEES, FAILURE TO PERFORM THE SERVICES SPECIFIED IN THEIR CONTRACTS, VIOLATION OF THE IRS CODE, PERJURY IN THE FILING OF IRS DISCLOSURES, ETC. 

IF YOU WANT THIS TO STOP YOU MUST SPEAK UP!