Investor Alert > James C. Tao & Donna Boyd, Presidio Venture Capital — Alleged Investment Fraud and Material Misstatements
Posted Mar 24, 2018
by Alan Rosca

James C. Tao & Donna Boyd, Presidio Venture Capital — Alleged Investment Fraud and Material Misstatements

James C. Tao and His Former Partner Donna Boyd (f/k/a Donna Chen) Allegedly Defrauded Investors in Presidio Venture Capital, a Private Equity Fund

James C. Tao and his former partner Donna Boyd (f/k/a Donna Chen) allegedly defrauded investors in Presidio Venture Capital, a private equity fund Tao created and managed, according to an SEC Complaint currently under review by attorney Alan Rosca.

Attorney Alan Rosca, of the RoscaLaw LLC firm, is investigating James C. Tao & Donna Boyd’s alleged investment scheme.

Investors who believe they may have lost money in activity related to James C. Tao & Donna Boyd’s alleged investment scheme are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

What is more, James Tao and Donna Boyd also reportedly settled charges for allegedly violating broker-dealer registration requirements by making solicitations of sales of interests in the funds, which were securities not offered by the brokerage firm with which they were associated at the time, according to the aforementioned SEC Complaint.

Tao and Boyd Allegedly Raised Approximately $860,000 for Presidio Venture Capital by Purportedly Soliciting Investments from Their Advisory Clients, Some of whom were also Brokerage Clients while Others Were Personal and Business Contacts

Tao and Boyd, while working as financial advisers associated with a registered investment adviser and broker-dealer, formed private equity fund PVC, LLC (which did business as Presidio Venture Capital) in 2013 primarily for the purpose of investing in technology start-ups in the Houston, Texas area, according to the aforementioned SEC Report under review by attorney Alan Rosca.

Tao and Boyd went on to allegedly raise approximately $860,000 for the fund between January 2013 and July 2016 by soliciting investments from their advisory clients, some of whom were also brokerage clients, and from other personal and business contacts, the Complaint notes.

Tao allegedly made false claims that investor funds would be held in escrow and returned unless $2.5 million was raised, the Complaint notes.

Finally, Tao used investor funds to apply for a loan to increase his interest in the fund, cover other expenses not in line with the use of funds disclosed in PVC’s offering materials, and make a Ponzi-style payment by using new investor funds to buy out a disgruntled investor, the Complaint notes.

Securities Lawyers Investigating

The RoscaLaw firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating James C. Tao & Donna Boyd’s alleged investment scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their 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 James C. Tao & Donna Boyd’s alleged investment scheme may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530 or via e-mail at arosca@roscalaw.com, or through the contact form on this webpage.

Contact us. All evaluations are free

DISCLAIMER

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow matters about which we report, and/or to publish subsequent updates regarding various developments that may occur in such matters. Readers are encouraged to conduct their own research regarding any such matters and any developments that may or may not have occurred in such matters. Also, the Brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing by the reader. The information in our blogs is current as of the date of the drafting of the blog, and given that sometimes certain past complaints may no longer be listed in newer Brokercheck reports, some of the events referenced in some of our blogs may later on be removed from newer Brokercheck reports. Visitors may check the most recent version of each brokercheck report at www.finra.org, and may contact FINRA for the earlier version of the Brokercheck report upon which various blogs may be based.

If you believe you lost money as a result of investment-related fraud or misconduct, please contact our law firm for a free, no-obligation evaluation of your recovery options.

Contact us at 888‑998‑0530 or through the contact form on this page.
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