Bryan Lee Addington Allegedly Failed to Invest Funds as Promised & Also Allegedly Paid Some Investor Victims from Funds from Other Investor Victims
Bryan Addington, from about January of 2010 through April 2016, allegedly operated an investment scheme wherein he allegedly made solicitations of money from clients but then purportedly failed to invest the funds as promised to clients, according to U.S. District Court Reports currently under review by attorney Alan Rosca.
Attorney Alan Rosca, of the RoscaLaw LLC firm, is investigating activity related to Bryan Lee Addington’s alleged investment fraud scheme. Investors who believe they may have lost money in activity related to Bryan Lee Addington’s alleged investment fraud scheme are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
Addington, 55, and of Ethel, Louisiana, also allegedly defrauded victim investors through materially false and fraudulent pretenses, promises, and representations, and also purportedly sent clients false account statements which were quite often addressed from phony post office boxes, said Court Documents note.
What is more, in a typical telltale sign of a Ponzi scheem, Addington also allegedly made payments to victims, but the distributions were often allegedly paid with cash that in reality belonged to other victim investors, the Court Reports note.
Bryan Lee Addington Allegedly Stole up to $9.5 Million in an Investment Fraud Scheme
Bryan Lee Addington, an East Feliciana Parish man, allegedly stole up to $9.5 million as part of an investment fraud scheme, according to recent Reports from U.S. District Court Reports currently under review by attorney Alan Rosca.
Bryan Lee Addington, also purportedly pled guilty to mail fraud and aggravated identity theft before Senior U.S. District Judge James J. Brady, according to Reports from Louisiana.
Finally, Addington also allegedly admitted to forging his associate’s signature to help bolster his fraud scheme, Court Reports note.
Securities Lawyer Investigating
The RoscaLaw firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Bryan Lee Addington’s alleged investment fraud scheme. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions, and has helped recover tens of millions of dollars on behalf of investors.
Investors who believe they lost money as a result of Bryan Lee Addington’s alleged investment fraud scheme may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at email@example.com, or through the contact form on this webpage.