National investment loss lawyers KlaymanToskes is investigating investment advisor Kristi Berge (CRD# 5009693) of KSI Financial (“Keep Safe Investments”) who has been charged with wire fraud after allegedly misappropriating $1.6 million in client investment funds according to an announcement by the U.S. Attorney’s Office for the District of Minnesota.
From June 2020 through February 2023, Berge purportedly fraudulently misappropriated approximately $1.6 million from some of her clients’ accounts by falsely representing that she would maintain her clients’ funds in safe and secure investment accounts. Berge also co-owned and operated J&K Connect LLC, a company focused on investing in real estate through buying and reselling properties.
Berge allegedly fraudulently misappropriated the money by repeatedly withdrawing client funds in varying amounts between $5,000 and $220,000, and depositing the funds into bank accounts she controlled. She then allegedly used the clients’ funds to purchase multiple properties in Edina, MN for her real estate business. Berge purportedly tried to conceal her fraud by falsely labeling her illicit withdrawals as “management” or “administrative” fees and by creating fabricated records in order to withdraw clients’ investment funds.
According to the SEC’s AdviserInfo, investment advisor Kristi Berge was previously registered with KSI Financial from 2013 to 2023 in Edina, MN. Investors that suffered losses with advisor Kristi Berge are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national investment loss law firm that represents the interests of investors throughout the world who have suffered losses due to broker misconduct, investment fraud, and securities violations.
The articles linked below contain important information relating to KlaymanToskes’ investigations of advisor Kristi Berge:
If you suffered losses with advisor Kristi Berge, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
The firm has helped recover over $600 million* for investors, and can help you determine if your loss is due to financial advisor misconduct, unsuitable investment advice, and/or other securities violations.
*Exclusive of attorneys fees and costs.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against advisor Kristi Berge. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
According to the SEC, investment advisory firms such as KSI Financial are responsible for the supervision of all of the activities of their registered investment advisors. Investors may be entitled to a financial recovery if their investment advisory firm failed to supervise the representative managing their account, and/or if their financial advisor made unsuitable investment recommendations.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with advisor Kristi Berge, or have concerns regarding your investment portfolio at KSI Financial, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation to discuss your recovery options.