National investment fraud lawyers KlaymanToskes reports JMJ Capital Group and its CEO/Owner Richard Lee Ramirez have been charged by the SEC with operating an alleged Ponzi-like scheme that defrauded $5.8 million from at least 47 investors.
If you suffered investment losses in JMJ Capital Group at the hands of your brokerage firm/financial advisor, you are encouraged to contact Lawrence L. Klayman, Esq. at (888) 997-9956 or firstname.lastname@example.org for a free and confidential consultation to discuss recovery options.
Former PFS Investments broker Steven Kiyoto Hirata (CRD# 1188927), now barred from the securities industry, is facing an investor complaint alleging $1.4 million in damages due to investment recommendations in JMJ Capital’s Ponzi-like scheme. We believe that other financial advisors at other firms sold this investment to their clients.
KlaymanToskes can help you determine if your investment loss is due to unsuitable investment advice. Depending on your circumstances, you may be entitled to recover losses through FINRA arbitration.
Investors that suffered losses with Steven Hirata are encouraged to contact Lawrence L. Klayman, Esq. at (888) 997-9956 or email@example.com to discuss recovery options. KlaymanToskes works on a contingency basis, meaning we do not collect a fee unless we are able to obtain a financial recovery for you.
The SEC Complaint alleges that from March 2017 to August 2021, JMJ raised $5.8 million by providing investors with a “Funding Partner Agreement” that falsely promised returns as high as 25 and 30 percent which could be easily withdrawn after a 30 to 90 day period. Contrary to Ramirez’s representations, the SEC found that JMJ engaged in “almost no legitimate business practices.”
JMJ’s primary offering was “invoice factoring” but Ramirez began falsely representing new offerings to investors, including that JMJ had financing contracts to rebuild air conditioning systems for Disney Cruise ships, financing for large purchases of personal protective equipment, and deals with federal agencies like the Department of Defense. Instead, Ramirez allegedly used the millions he acquired to make Ponzi-like payments to earlier investors.
Investors that suffered losses with JMJ Capital, Richard Ramirez or others are encouraged to contact Lawrence L. Klayman, Esq. at (888) 997-9956 or firstname.lastname@example.org for a free and confidential consultation to discuss recovery options.
KlaymanToskes works on a contingency basis, meaning 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.