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Private Placement Fraud

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Are You a Victim of Private Placement Investment Fraud?

Did You Invest in Any of the Following Funds?

  • TRF Fund I
  • TRF Fund II
  • Kings Pointe Leasing
  • ThunderRoad Partners
  • Briarfield Capital
  • Winding Creek Partners
  • Northwest Capital

We represent investors.

The Funds have stopped paying promised interest payments. Investors are unable to redeem or liquidate the funds, and it appears that there may be as much as $25 million in investor losses. Meyer Wilson has uncovered tens of thousands of pages of documents during its two-year investigation of the scheme that show irreconcilable conflicts of interest and misrepresentations of the advisers that pushed customers into these investments. Concerns about this type of misconduct are serious, and we are committed to fighting on your behalf.

ABOUT US

Meyer Wilson has handled more than 1,000 investment misconduct cases nationwide against financial institutions over the past 25 years. We do not charge for case consultations and are happy to evaluate your potential legal claim for free. All of our cases are handled on a contingency fee basis, and we never charge a retainer. 

As you consider your next steps, you may be interested in reading our founding partner’s newly published book, titled "The Investor Protector." It recently became a #1 Best Seller on Amazon. In the book, attorney David Meyer shares the stories of our clients who have triumphed over investment misconduct and overcame unthinkable financial loss. You’ll learn about how we have helped our clients over the past 25 years recover their life savings and peace of mind. We can send you a complimentary copy upon request. 

Learn more about what we do at Meyer Wilson

Part of what makes Meyer Wilson so unique is that we have a large team of lawyers and support staff but we intentionally do not take on a large caseload of investor claims cases. These cases require a deep understanding of the securities industry and tremendous attention to detail. We pour our time and extensive resources into each case that we handle for investors who have been harmed by investment misconduct. The law firm you choose to handle your case matters and I encourage you to do your research because you only have one chance to pursue the recovery of your losses.

WHAT HAPPENED?

Over the course of the last year, investors were wrongfully being denied redemption of their investments in the following Funds, all of which are connected by the same owners and operators:

  • TRF Fund I
  • Kings Pointe Leasing
  • ThunderRoad Partners
  • Briarfield Capital
  • Winding Creek Partners
  • Northwest Capital

These Funds were widely sold as conservative and low risk investments suitable for retirees and risk-averse investors. They are anything but that. These investments are considered “private placements,” are incredibly speculative, and are not suitable for most retail investors. A private placement is a non-public offering used to raise capital.

What Are Potential Problems with Private Placements?

-   They lack transparency and liquidity.

-   The investments can be hard to understand.

-   Regulatory oversight may be slim for private placements.

-   There's a risk of investment fraud.

Based on the investigation of Meyer Wilson, it appears that these Funds were sold to investors that were not “accredited” to purchase private placements. To be eligible to purchase a private placement, and investor must have a certain amount of net worth or annual income ($1 million net worth excluding value of primary residence or an income of $200,000 or higher for the last two years).

Last year, the Fund stopped paying their promised interest payments. Investors began attempting to sell or liquidate their investments in the Funds pursuant to their terms. Those requests have been denied, despite the Funds’ contractual obligation to satisfy the redemption requests. It is unlikely that the Funds have available cash flow to pay investors their money, and it appears that investors have been misled by their advisers and by the Funds themselves. As a result, investors have lost millions. 

KNOWN SELLING ADVISERS

Gary Rathbun

Meyer Wilson is currently investigating claims relating to Mr. Rathbun’s sales of the Funds to Ohio investors.  If you were a client of Gary Rathbun, contact us today by calling 800-738-1960 or by filling out an online contact form for a free consultation.

Mr. Rathbun of the Toledo, Ohio area was a registered representative and investment adviser who owned an operated a financial services company called Private Wealth Consultants. Mr. Rathbun was booted out of the securities industry by regulators for misconduct relating to the sales of these Funds in 2016 and barred by the states of Michigan and Ohio from operating as an investment adviser in 2017 and 2018. 

Douglas Miller

Meyer Wilson is currently investigating claims relating to Mr. Miller’s sales of the Funds to Ohio investors.  If you were a client of Douglas Miller, contact us today by calling 800-738-1960 or by filling out an online contact form for a free consultation.

Mr. Miller of the Toledo, Ohio area was a registered representative and investment adviser who owned an operated a financial services company called Private Wealth Consultants. Mr. Miller was booted out of the securities industry by regulators for misconduct relating to the sales of these Funds in 2016 and barred by the states of Michigan and Ohio from operating as an investment adviser in 2017 and 2018. 

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