NEW YORK, Oct. 20, 2016 /PRNewswire/ -- Sadis & Goldberg LLP is investigating allegations that Privilege Wealth Management, PLC and its affiliate Privilege Direct are engaged in a global investment fraud in offering investors 12% annual returns to invest in a "low risk," "insured" strategy of providing "cash" or "payday loans" to high-risk U.S. borrowers. A well-known publication has alleged that Privilege Wealth's investment scheme has no substance and is simply a vehicle to swindle investors.
Privilege Wealth's actions raise several red flags suggesting fraud. According to report, a Privilege Wealth's principals are primarily conflicted executives who have been involved in prior alleged investment schemes and securities law violations, including Brett Jolly, Minette Compson, Gordon Casey, Andrew Gaudet, Steve Dewsnip, Mark Munnelly, and Andrew Sweeney. In addition, Privilege Wealth has reportedly used a placement agent who falsely represented to a potential investor that Barclays Bank had used its own funds to invest in Privilege Wealth through a Helix Privilege Wealth Bond, and has caused other fund managers to make false statements touting Privilege Wealth's merits. It has also been reported Principal Direct's address cannot be confirmed, and Privilege Wealth's listed principal address is only a "virtual office" near Heathrow Airport.
Sadis & Goldberg has extensive experience handling fraud claims and winning significant awards for investors totaling tens of millions of dollars. Sadis & Goldberg also specializes in handling investment disputes involving both U.S. and overseas conduct.
If you believe that you have suffered damages or have been harmed by Privilege Wealth Management, PLC, Privilege Wealth Management, LP, Privilege Direct or any related company, and wish to obtain additional information or protect your investment, please contact Samuel J. Lieberman of Sadis & Goldberg at (212) 573-8164 or by email at email@example.com. We can advise you on how best to protect and recover your investment.
About Sadis & Goldberg LLP
Sadis & Goldberg LLP is a leading New York based law firm focused on delivering sophisticated and creative legal solutions in a highly professional manner. The firm is recognized for its financial services practice that consists of representing several hundred investment advisers and related investment entities (including hedge funds, private equity funds and venture capital funds). Similarly, the firm provides regulatory and compliance advice and representation in connection with SEC enforcement proceedings. Notwithstanding the emphasis on the financial services industry, the firm also provides a full range of tax, litigation, regulatory, real estate, intellectual property and corporate services to its clients.
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