Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

Thomas Caniford Indicted for Securities Fraud and Theft, Meyer Wilson Continues Investigation

Thomas H. Caniford (CRD# 1049021), who we have reported on previously, has been indicted in the Stark County Court of Common Pleas on 135 criminal counts relating to securities fraud and theft. His charges include:

  • Securities fraud
  • Stealing from the elderly
  • Misrepresenting securities sales
  • Selling unregistered securities
  • Publishing false investment statements

Caniford faces accusations of convincing clients to invest in his hedge fund, Fundcap Growth Portfolio, allegedly promising investors stable securities that offset market losses. Authorities believe that Caniford used investor funds to repay previous investors and for his personal expenses. According to the indictment, there were at least 34 victims.

Meyer Wilson previously wrote about Caniford, recounting his alleged securities fraud while he was registered with LPL Financial. According to FINRA, Caniford solicited securities that LPL did not hold, offer, or sell. Accusations like these are often referred to as “selling away,” which is against securities industry regulations.

Caniford may have solicited investments from his clients in a number of other companies he is believed to have owned or controlled, such as:

  • Caniford & Company
  • Caniford Capital
  • Caniford Wealth Management
  • ProShares Hedge Portfolio
  • ProShares Fund
  • Hedge Fund Portfolio

If you invested with Caniford or in any of the companies mentioned here and suffered financial loss, contact us. You may be able to recover those losses. Our experienced investment fraud lawyers can offer a free case review today. We don’t charge unless you win.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram