Sean Kelly, of Marietta Georgia, Allegedly Operated $1 Million Fraud Scheme Involving 12 Investors under the Lion’s Share Umbrella
Sean Kelly allegedly operated a fraud scheme which raised upwards of $1 million from 12 investors under the Lion’s Share umbrella, according to an SEC Complaint under review by investor rights attorney Alan Rosca.
Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Sean Kelly’s alleged investment fraud scheme. Investors who believe they may have lost money in activity related to Sean Kelly’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.
Sean Kelly, a 49-year-old stockbroker from Marietta, Georgia, was registered with Center Street Securities, Inc. in Marietta, Georgia, from August 15, 2017 until October 25, 2018, and was also recently arrested on allegations of fraud and deceptive practices, the SEC notes.
Sean Kelly Allegedly Treated Lion’s Share as His Personal Piggy Bank & Transferred Hundreds of Thousands of Dollars of Investor Money to Bank Accounts He Controlled
Sean Kelly allegedly treated Lion’s Share as his personal piggy bank, and he has transferred hundreds of thousands of dollars of investor money to bank accounts he controls to support his lifestyle, according to SEC Documents under review by investor rights attorney Alan Rosca.
Kelly also allegedly withdrew large quantities of investor money in cash throughout the course of the scheme, and the disposition of those funds is unknown, the SEC reports.
Kelly allegedly targeted elderly retirees, widows, veterans, and the disabled by offering free tax preparation services and free retirement planning seminars to seniors in assisted-living facilities, the SEC reports.
Kelly, specifically, from January 2014 to October 2018, allegedly had clients write checks to a bank account he owned and told them he was investing it for them but instead pocketed the money and then forged documents to make it look like he had invested victim funds, according to court records.
Finally, it is important to not that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.
Securities Lawyer Investigating
The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Sean Kelly’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, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of Sean Kelly’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 firstname.lastname@example.org, or through the contact form on this webpage.