Chris Brogdon Municipal Bonds Offerings Investigated by Peiffer Rosca Wolf Law Firm

CLEVELAND--()--The Peiffer Rosca Wolf law firm is investigating potential claims on behalf of investors in municipal bond offerings orchestrated or assisted by Christopher Freeman Brogdon and/or entities affiliated with him, including National Assistance Bureau, Gordon Jensen Healthcare Association, JRT Group Properties, Mobama Nursing, Saint Simons Healthcare, Winter Haven Homes, and Brogdon Family (the “Bonds”).

On November 20, 2015, Chris Brogdon and several entities related to him, including those above, were sued by the Securities and Exchange Commission in the United States District Court for the District of New Jersey, case number 2:15-cv-08173.

The SEC charged Brogdon with fraud and misrepresentations in documents provided to Bond investors, commingling funds, using third-party loans to pay investors, and concealing where the investor payments were actually coming from.

The Bonds were purportedly sold to raise money for projects related to the purchase, renovation, construction, leasing and managing of nursing homes and assisted living facilities.

The Peiffer Rosca Wolf lawyers’ investigation concerns whether the Bonds were actually issued and sold as part of a fraudulent investment scheme orchestrated by Christopher Brogdon.

Investors in the Bond Offerings were allegedly told that the money raised by the Offerings would be used to purchase or renovate facilities, principal and interest payments would be paid by revenue generated by the particular facility, and/or part of the proceeds would be used as working capital. According to the SEC complaint, instead of using investor funds from a particular Offering for the facility or project, Brogdon diverted the proceeds for personal use and/or to invest in other facilities unrelated to the Offering.

The SEC also alleged that revenue generated by the facilities was used for improper purposes, such as to pay unrelated personal expenses of Brogdon and his wife and to make payments to investors involved in other Brogdon Offerings. The facilities underlying the Bonds are facing financial difficulty and the cash flows therefrom are insufficient to pay investors.

The SEC is seeking to freeze all of Brogdon’s assets and direct him to pay a civil penalty and all ill-gotten gains, among others. However, it is unclear at this point whether the SEC action will recover a meaningful portion of investor losses, it any.

What You May Do

The Peiffer Rosca Wolf lawyers are preparing to take action and seek compensation on behalf of some of the investors in muni bond offerings orchestrated by Brogdon.

If you purchased any of the Bonds listed above and lost money, you may have options to recover your losses. If you would like more information about how you might do so, you should contact the Peiffer Rosca Wolf investor lawyers, Alan Rosca or Joe Peiffer, at arosca@prwlegal.com or by phone at 888-998-0520.

The Peiffer Rosca Wolf law firm prosecutes securities fraud, consumer fraud, price-fixing, employment class actions, and shareholder-derivative actions throughout the U.S. For more information and updates about the Chris Brogdon offering and this matter visit www.brogdoninvestors.com .

Attorney advertising. Prior results do not guarantee a similar outcome. Please visit our website, www.securitieslitigators.com, for important disclosures, office locations, and attorney admissions. The SEC’s allegations are not proof of liability and anyone should be presumed innocent until and unless otherwise found in a court of law. Peiffer Rosca Wolf Abdullah Carr & Kane, A Professional Law Corporation (“Peiffer Rosca Wolf”).

Contacts

Peiffer Rosca Wolf
Alan Rosca or James Booker, 888-998-0520
arosca@prwlegal.com