Colony Capital Securities Fraud Losses
We are currently investigating claims of investors of Colony Capital. From approximately July, 2008 through July, 2010, Gary Snisky and David Burch of Colony Capital, LLC and other related companies such as Colony Capital Holdings and Colony Capital Group (“Colony”), carried out a scheme to defraud investors by investing his clients in a so-called “private equity fund” secuties. The clients lost at least $3.2 million with the promise of an annual rate of return on their investment based on the misrepresentations and omissions of the risks of making the investment.
http://www.jpedersonlaw.com/blog/2013/03/18/colony-capital-securities-fraud-loss/
On February 28, 2013, the Colorado Securities Commissioner brought suit against Snisky, Colony and others assisting in this fraud for various violations of the Colorado Securities Act. The action seeks equitable and injunctive relief which will stop Snisky, Burch and Colony from selling the fraudulent investments but will likely not return all funds to investors. Investors will likely need to speak to a private attorney about how to obtain a more complete recovery of their losses.
If you have lost funds in Colony Capital we would be interested in speak to you. Please contact us at 303-300-5022.
http://www.jpedersonlaw.com/blog/2013/03/18/colony-capital-securities-fraud-loss/
Securities commissioner sues Longmont private equity fund
Colony Capital of Longmont is not affiliated with the Los Angeles real-estate investment fund with the same name.
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