PHILADELPHIA, PA / ACCESSWIRE / August 25, 2021 / The investment fraud lawyers at Rosca Scarlato LLC law firm (‘GSP’) are investigating potential claims for compensation on behalf of investors who lost money invested in the alleged Ponzi scheme perpetrated by John J. Woods and Horizon Private Equity, following securities fraud allegations filed by the Securities and Exchange Commission (“SEC”).
The SEC recently announced securities fraud claims against John Woods, an investment adviser in Marietta, Georgia, for allegedly defrauding over 400 investors in 20 states of more than $110 million, in a massive Ponzi scheme perpetrated through Horizon Private Equity, a supposed investment company Woods controlled, according to court records under review by investor rights attorney Alan Rosca. Many of the investors were reportedly elderly retirees who trusted Woods with their life savings.
John Woods’ assets were ordered frozen by a federal judge. The Commission has also asked the Court to appoint a receiver to take over the alleged Ponzi scheme’s remaining assets. Court documents suggest that Horizon’s bank accounts hold only a small fraction of the money owed to investors. Substantial amounts of investor money were allegedly used for Ponzi-like payments to existing investors or transferred to other Woods companies, according to Court records.
What Horizon Private Equity Investors May Do
Investment fraud attorneys Alan Rosca and Paul Scarlato have been investigating the Horizon Private Equity matter on behalf of victimized investors and have assembled a considerable volume of evidence. They are evaluating certain potential recovery options for investors in Woods’ Horizon Private Equity alleged Ponzi scheme. Concerned investors may contact attorneys Alan Rosca or Paul Scarlato for a free, no-obligation evaluation of their options at 888-998-0530, arosca@rscounsel.law or by leaving a message on investorlawyers.org/john-j-woods-and-horizon-private-equity-investor-center/.
The GSP investor lawyers have decades of combined experience representing investors who lost money as a result of investment fraud and Ponzi schemes. They take most cases of this type on a contingency fee basis and advance the case costs. There are no fees or costs if no recovery.
Visit investorlawyers.org for more information about the firm and GSP attorneys’ background and admissions to practice law. This release may be deemed to include Attorney Advertising. There has been no finding of liability as to the allegations herein. © GSP 2021.
