Former investment adviser Gregory Sampson (also known as Gregory Moats Sampson and Greg Sampson) is under SEC investigation in connection with Sampson’s criminal charges including one count of money laundering and one count of wire fraud, as stated in the SEC’s Order, under review by investor rights attorney Alan Rosca.
The SEC’s order further states that in January 2020 Greg Sampson pled guilty to using manipulative and deceptive devices in connection with the offer and sale of a security in February 2014. In addition, the Order states that Sampson allegedly devised a scheme to defraud investors and obtain money and property using false and fraudulent pretense, promises, and omissions of material fact.
As part of investment adviser Gregory Sampson’s scheme to defraud, he allegedly told an investor they would receive stock certificates in a company, and he told the investor their investment was performing well. Furthermore, the SEC order also states Sampson allegedly used the investor’s funds for his own personal use and benefit.
In September 2020, Sampson was sentenced to 24 months in prison followed by 36 months of supervised released.
Investors who are concerned about their investment with Gregory Sampson may contact attorney Alan Rosca for a free case evaluation and discussion of potential options, or to provide any useful information. Interested Sampson investors may call 888-998-0530, send an email to arosca@rscounsel.law, or complete the contact form on this webpage to get started today.
Concerned about investments with
Greg Sampson Allegedly Ordered to Pay $250,000 in Restitution
Utah-based investment adviser Gregory Moats Sampson allegedly manipulated a couple who were members of a church congregation he attended, according to a press release by the United States Attorney’s Office District of Utah.
Sampson allegedly met the couple in 2012 when he was their real estate agent. The couple allegedly informed Sampson that they had $250,000 to invest after selling a house in Australia and Greg Sampson told the couple he could help them invest their funds.
Allegedly, investment adviser Gregory Sampson further informed the couple that they could obtain a return of $1 million in 8 to 10 years as well as receive stock certifications in a company, as stated in the press release.
Influenced by Sampson, the couple allegedly wrote a check for $250,000 to Sampson’s business account as an investment for retirement. Instead of using the money to invest as promised, Greg Sampson allegedly used nearly $98,000 to pay off a personal loan, transferred $82,000 to a company owned by his brother, and transferred $20,000 to a company he owned, as stated in the press release.
Investors should be aware that Sampson allegedly used the entire $250,000 for personal use within one month and consistently informed the victims that their investment was performing well. The district court has ordered Gregory Moats Sampson to pay $250,000 in restitution to the couple and serve 36 months of supervised release after he finishes his prison sentence.
Investment Adviser Gregory Sampson Involved in a Settled a Customer Dispute
A customer filed a dispute in 2001 alleging that Sampson referred to the variable universal life policy as a retirement policy. The customer also alleged the policy was unsuitable based on his age, marital status, and income. The customer received a settlement to the tune of $23,329.16 as reported on Sampson’s IAPD report.
Utah investors should be aware that investment adviser Gregory Sampson was registered with My Investment Advisor located in Washington, Utah from June 2011 until April 2017.
In October 2003 he was permitted to resign from his employer World Group Securities on allegations of paying securities-related commissions to an unlicensed individual, stated in his IAPD report.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
Concerned about investments with
Potential Options for Sampson Investors
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and is currently investigating conduct related to the SEC’s investigation regarding criminal charges against former investment adviser Gregory Moats Sampson.
The firm takes most cases of this type on a contingency fee basis and advances 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.
Investors concerned they lost money with investment adviser Gregory Sampson may reach out to attorney Alan Rosca for a free, no-obligation case evaluation and discussion of potential options, or to provide any useful information by calling 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
