Investigation Launch by Berger Montague PC
Berger Montague PC, a prominent national law firm, is conducting an investigation into possible securities law violations involving individuals and entities including Ryan Wear, Jordan Chirico, Water Station Management LLC, and Creative Technologies, Inc. These claims center around an alleged Ponzi scheme that reportedly garnered over $275 million from unwitting investors.
Details of the Allegations
Reports suggest that if you have invested in any contracts or notes issued by Wear, Water Station, Creative, or Chirico, you may have rights and interests tied to this unfolding investigation. Individuals who have concerns or seek additional guidance regarding their investment should reach out to the team at Berger Montague.
Legal Actions and SEC Involvement
On a recent date, the Securities and Exchange Commission (SEC) commenced legal action against Wear, Water Station, and Creative in the U.S. District Court for violations of federal securities laws. According to the SEC, Wear orchestrated a Ponzi scheme through Water Station and Creative, leading to significant repercussions for over 250 investors affected by these allegations.
Additional Charges Against Chirico
The SEC also brought charges against Jordan Chirico for breaching fiduciary duties to an institutional client. This aspect of the investigation highlights the serious nature of the allegations and potential consequences for those involved.
Criminal Charges Filed
In a parallel development, the U.S. Attorney's Office has filed criminal charges against both Wear and Chirico due to their involvement in the alleged fraudulent scheme. This indicates a robust approach to tackling financial crimes and protecting investors.
About Berger Montague PC
Established in 1970, Berger Montague has built a legacy in representing aggrieved investors across various sectors. The firm's commitment to protecting individual and institutional client rights spans across numerous cases involving securities fraud and Ponzi schemes, confirming its stature as a pioneer in this legal field. With offices nationwide, the firm works diligently to advocate for its clients’ interests against financial misconduct.
Contact Information
For those interested in discussing this matter further or wanting insight into their legal options, they are encouraged to get in touch with Andrew Abramowitz, a Senior Counsel at Berger Montague. He can be reached at (215) 875-3015. Clients can also contact Caitlin Adorni, who leads Portfolio and Institutional Client Monitoring Services, at (267) 764-4865.
Frequently Asked Questions
What is the main focus of the investigation by Berger Montague?
The investigation focuses on potential securities law violations associated with an alleged Ponzi scheme involving Ryan Wear and others.
How can I find out if I'm affected by these allegations?
If you have invested with Ryan Wear, Water Station, Creative, or Jordan Chirico, you may be affected and should contact Berger Montague for assistance.
What actions have been taken by the SEC?
The SEC has sued several individuals involved for violating federal securities laws, highlighting the serious nature of the allegations.
What potential consequences do the accused face?
The individuals could face both civil and criminal charges, pending the outcomes of the investigations and legal proceedings.
How long has Berger Montague been in operation?
Berger Montague has been a leading law firm since its founding in 1970, with decades of experience in investor advocacy.
