ATTENTION SOUTHPORT CAPITAL AND OPPENHEIMER CUSTOMERS WHO INVESTED IN HORIZON PRIVATE EQUITY III: KlaymanToskes Continues Investigation Into Potential Claims on Behalf of Southport Capital and Oppenheimer Customers Over Ponzi Scheme Investment Losses
September 03 2021 - 3:25PM
Business Wire
National investor fraud law firm, KlaymanToskes (“KT”),
continues its investigation into potential securities claims on
behalf of former and current Oppenheimer & Co., Inc.
(“Oppenheimer”) (NYSE: OPY) and Southport Capital customers who
invested in Horizon Private Equity III (“Horizon”) through John
Woods, a former Oppenheimer financial advisor.
Oppenheimer customers recently learned about the massive, $100
million Ponzi scheme devised by former Oppenheimer registered
representative, John Woods, through his advisory firm, Southport
Capital. From 2008 to 2016, John Woods and his brother Jim
allegedly solicited a significant number of Oppenheimer’s customers
to invest in Horizon while the Woods were registered as a brokers
and investment advisers with the brokerage firm. On August 25th,
the SEC's Atlanta Regional Office Director stated, "As alleged in
the complaint, Woods and Southport preyed upon their clients' fears
of losing their hard-earned savings and convinced them to place
millions of dollars into a Ponzi scheme by falsely promising them a
safe investment with steady returns."
According to securities attorney Lawrence L. Klayman, Esq., “For
years, Oppenheimer ignored red flag after red flag showing John
Woods’ financial misconduct through Horizon and Southport Capital,
and Woods’s activities are actionable in a securities claim in
order to make a recovery.”
The sole purpose of this release is to investigate potential
claims relating to Oppenheimer’s supervision of the Woods and the
Horizon Ponzi scheme. Oppenheimer is responsible for the
supervision of all of registered advisors’ activities, including
“selling away” private securities transactions. Current and former
Southport Capital and Oppenheimer customers who invested in Horizon
and who have information related to the handling of their
investments, are encouraged to contact securities attorney Lawrence
L. Klayman, Esq., at (561) 542-5131, and download our Special
Report.
About KlaymanToskes
KT is a leading national securities law firm which practices
exclusively in the field of securities arbitration and litigation
on behalf of retail and institutional investors throughout the
world in large and complex securities matters. KT has recovered
more than $220 million for investors in FINRA arbitrations. KT has
office locations in California, Florida, New York, and Puerto
Rico.
Destination:
https://klaymantoskes.com/horizon-oppenheimer-ponzi-scheme-investigation/
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version on businesswire.com: https://www.businesswire.com/news/home/20210903005424/en/
KlaymanToskes Lawrence L. Klayman, Esq. (561) 542-5131
lklayman@klaymantoskes.com www.klaymantoskes.com
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