National investment fraud lawyers KlaymanToskes is investigating Milendophe Duperier and Vanessa Joseph following allegations that the Randolph, Massachusetts-based couple ran an alleged Ponzi-like scheme that raised over $5 million and defrauded at least 40 investors.
Victims of Milendophe Duperier and Vanessa Joseph who suffered investment losses are encouraged to contact attorney Lawrence L. Klayman at (888) 997-9956 or email@example.com for a free and confidential consultation to discuss your legal options. Every case is taken on a contingency basis, meaning we do not collect attorney’s fees unless we obtain a financial recovery for you.
According to a complaint filed by the Secretary of the Commonwealth of Massachusetts’ Securities Division, Duperier and Joseph allegedly solicited millions of dollars from friends, family members, and congregants of their churches in order to fund business ventures. These business ventures including a brokerage firm, a property management company, and a social media consultant company. The couple sold unregistered promissory notes to investors, promising interest rates of up to 60%.
Duperier is the son of a pastor at a local Haitian church and is alleged to have solicited members of the church and the local community, alongside his fiancé Vanessa Joseph, for two and a half years. The scheme began to unravel when the couple also began defrauding the federal government by applying for and receiving Payroll Protection Program (“PPP”) and other Small Business Administration (“SBA”) loans. Allegedly Duperier and Joseph spent nearly $1.5 million in pandemic-related funds and federally-sourced SBA loans to make payments to investors in their ponzi-like scheme, and to finance their own lifestyles.
The complaint states that the Secretary of the Commonwealth’s Securities Division is seeking an order requiring Duperier and Joseph to pay restitution to the investors they defrauded and fining them for their misconduct. The Division is seeking a cease and desist order to stop the ongoing ponzi-like scheme. Duperier and Joseph have failed to return the investors’ principal investments.
Affected investors are encouraged to contact attorney Lawrence L. Klayman at (888) 997-9956 or firstname.lastname@example.org for a free and confidential consultation. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
Lawrence L. Klayman, Esq.