Minister-turned-broker allegedly sold 72-year-old church goer high-risk investments

The claim seeks to recover damages sustained through investments in GWG Holdings, Inc. L Bonds, GPB Holdings, Priority Income Fund, and Sila Realty Trust.

According to the claim, the retiree whose trusted church minister-turned-broker solicited him to invest in Alternative Investments that were highly speculative, and illiquid. Druckenmiller and his firm recommended that the Claimant invest in GWG L Bonds (“GWG”) and GPB Capital Holdings (“GPB”), misrepresenting the investments as safe, low risk, and providing a stable income. To compound matters, Druckenmiller and his firm also recommended that the Claimant invest in other unsuitable, highly speculative, alternative investments including the Priority Income Fund and Sila Realty Trust.

As a result of KT’s investigation, we believe that there has been systematic misconduct in connection with the sale and recommendation of GWG L Bonds by brokerage firms to their customers. We are investigating the below firms as well as other brokerage firms:

• Ages Financial Services, Ltd.
• Western International Securities
• Emerson Equity, LLC
• National Securities Corporation
• Moloney Securities Co., Inc.
• Centaurus Financial LLC
• International Asset Advisory LLC
• Westpark Capital
• Ni Advisors

Investors that sustained losses are encouraged to contact KlaymanToskes to explore their legal options. Investors will receive a free, no obligation consultation. To arrange a consultation, please contact Lawrence L. Klayman, Esq. at 1 (888) 997-9956 or [email protected].