Thomas Riquier— Alleged Real Estate Scheme

Thomas T. Riquier Allegedly Operated a Detailed Real Estate Scheme which Purportedly Defrauded Investors of over $1 Million over 26 Years

Have you or a loved one invested your hard-earned money with Thomas Riquier of Gloucester, Massachusetts?

Thomas Riquier allegedly ran an intricate real estate scheme that purportedly defrauded investors of over than $1 million over the past 26 years, according to an administrative complaint filed by Massachusetts Secretary of State William Galvin’s Securities Division under review by attorney Alan Rosca.

RoscaLaw attorney Alan Rosca is investigating Thomas Riquier’s alleged real estate scheme.

Investors who believe they may have lost money in activity related to Thomas Riquier’s alleged real estate scheme are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Thomas Riquier, president and an investment adviser agent of The Retirement Financial Center in Danvers, Massachusetts, was recently charged by Galvin with alleged violation of the Massachusetts Uniform Securities Act, according to the aforementioned Complaint.

Furthermore, Riquier’s employer, United Planners Financial Services of America, has also been reportedly charged with failure to supervise its agent, the Complaint states.

Riquier Allegedly Made Solicitations of $835,000 from Clients, Mostly North Shore Residents; Investments were Allegedly Used to Buy Property already Owned by Riquier

Riquier allegedly made solicitations of $835,000 in private loans from his clients, many of whom were North Shore residents, according to the aforementioned Complaint under review by attorney Alan Rosca.

Said actions allegedly were made in violation of state and federal law, the Complaint notes.

Riquier alleged solicitations purportedly used said cash to purchase property in Rowley, Massachusetts, which investors were purportedly told would later be sold at a profit, the Complaint notes. In reality, the investments were allegedly implemented to buy property which was already under the ownership of Riquier, the Complaint reports.

Riquier, according to his FINRA BrokerCheck report has been registered with United Planners since 1992, and has five customer disputes listed on his broker report since 2008.

The complaint seeks a cease and desist order, censure, and administrative fine, and the revocation of Riquier’s registrations as an investment advisor agent and broker-dealer in Massachusetts, and the state is also purportedly seeking an order requiring Riquier to pay restitution to compensate investors for their losses under the scheme, 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 Thomas Riquier’s alleged real estate 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 Thomas Riquier’s alleged real estate 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.

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.

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