PHILADELPHIA and CLEVELAND, July 28, 2022 (GLOBE NEWSWIRE) -- The investment fraud lawyers at Rosca Scarlato LLC are investigating potential claims for compensation on behalf of investors who invested in the Par Funding alleged fraudulent scheme at the recommendation of Vincent Camarda, James McArthur, and/or A.G. Morgan Financial Advisors (“AGM”), following civil charges of securities violations recently filed by the Securities and Exchange Commission (“SEC”).
The SEC announced charges against the Massapequa, New York investment advisers Vincent Camarda and James McArthur, and their investment advisory firm AGM for allegedly offering and selling securities in connection with the Par Funding scheme, according to court records under review by attorney Alan Rosca. The SEC alleged that between 2017 and July 2020, Camarda, McArthur, and AGM raised over $75 million from more than 200 investors, and in exchange were paid over $7 million in commissions. Additionally, Camarda and AGM allegedly failed to disclose to early investors a conflict of interest caused by AGM borrowing approximately $750,00 from Par Funding, the SEC alleged.
The Par Funding Scheme
In July 2020, Par Funding, along with several related entities and control persons were charged with civil fraud and placed under receivership by the SEC for allegedly orchestrating an unregistered securities offering that raised close to half a billion dollars from 1,200 investors nationwide.
What AGM / Vincent Camarda Customers May Do
Investment fraud attorneys Alan Rosca and Paul Scarlato have been investigating the Par Funding matter on behalf of victimized investors and have assembled a considerable volume of evidence. They are evaluating certain potential recovery options for Camarda / AGM customers who invested in Par Funding and believe they suffered losses. 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 at investorlawyers.org/vincent-camarda-investor-alert.
The Rosca Scarlato 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.
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