UPDATE - Investigation Against Gerstein Global Futures & Westcore Capital Limited

Gerstein Global Futures and Rochelle Finances were accused by one of their customers of having stolen $700,000.00 from the customer's online brokerage trading account by transferring the funds to an account owned by the firm.
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* Trillium Advisory
* Investment Fraud
* Boiler Room Fraud
* Fraud Investigation

* Finance
* Investment

* Illinois - US

Dec. 1, 2012 - PRLog -- Bank Examiners documents indicated that the principles of both Gerstein Global Futures & Rochelle Finances had stolen the customer's money, which led to their newly established bank accounts being frozen on November 2, 2012.

Virtual law firm Trillium Advisory has been actively investigating both Gerstein Global Futures & Rochelle Finances in order to recover losses on behalf of defrauded investors.

Last week, Trillium Advisory attorney John Williams recovered approximately $5 million for a limited group of victims but numerous individuals remain that have yet to seek the return of their money. Although most of the brokerage firms clients agree that the firms are indeed guilty of investment fraud they have agreed not to file charges against the firms in order to obtain agreements for the return of their money.

Transglobal Consultants Limited are also guilty of investment fraud but for the time being we do not want to put the principals in jail until we have recovered the money stolen from our claimants.

Both firms must now forfeit a substantial amount of their ill-gotten gains but they consider it a much better alternative than being charged and prosecuted for fraud where they would almost surely be convicted and face lengthy jail terms.  

The vast majority of their illegally obtained funds are in accounts that we are not aware of and will never be returned to the rightful owners, and will likely be used to pay restitution to investors who suffered losses from the investment fraud.

According to records uncovered in our investigation, - over the course of a three-and-a-half-year period - the fraud firms embezzled $50,000,000.00  from unsuspecting clients. The two firms solicited the funds from the clients with promises of regular interest payments on money that would be kept untouched in a secure trust account. Instead of using the money as collateral for operations or for specific investments on behalf of clients as they claimed, they stole the money and used it for lavish personal living expenses, personal purchases, and to launch several new fraudulent businesses. They also made false representations to the clients, which included providing them with falsified account statements.

In addition to the investment fraud perpetrated with Australian clients, they neither admitted nor denied guilt to embezzling $3,500,000 from several clients and numerous beneficiaries around the globe. The majority of the defrauded investors were retired senior citizens. They used the stolen funds to finance business start-ups, fund personal lifestyles, and make Ponzi-style payments to other clients whose accounts he had already liquidated.

Their N0 Contest plea may strengthen our case against Gerstein Global Futures & Westcore Capital Limited. They will be held liable for compensating investors who suffered losses from their securities fraud.

If you would like to learn more about our firm's investigation into this matter, or if you would like to learn how we may be able to recover losses suffered as a result of this fraud, please call our office  at 312-878-8984 and ask to speak directly to Attorney John J. Williams.

About our law firm:

The virtual law firm Trillium Advisory has a proven track record in recovering losses for investors in these types of cases. We represent individuals across the country who have been harmed by investment fraud. All of our cases are handled on a contingency fee basis and we never request a retainer of any kind.
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Tags:Trillium Advisory, Investment Fraud, Boiler Room Fraud, Fraud Investigation
Industry:Finance, Investment
Location:Illinois - United States
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