Recovering Losses caused by Investment Misconduct

Potentially Good News for Victims of Large Ponzi Scheme

Last March, Francisco Illarramendi pleaded guilty to fraud and other crimes related to his handling of hedge funds. The hedge funds were allegedly handled through his Stamford, Connecticut-based firms Highview Point Partners, LLC and Michael Kenwood Capital Management, LLC. Mr. Illarramendi was accused of running a massive Ponzi scheme that may have cost investors hundreds of millions of dollars.
Much of the investment money was allegedly put into a pension fund for state oil workers in Venezuela.
Mr. Illarramendi faces up to 70 years in prison and fines for his alleged role in this pyramid scheme.

Government Provides Alleged Victims with Hope
Last month, the US Securities and Exchange Commission (SEC) had some positive news for those who may have invested with Mr. Illarramendi. The SEC confirmed to the court that the authorities were able to bring $230 million held in an offshore account back to the United States. The SEC has said that it intends to help preserve the $230 million for the compensation of Mr. Illarramendi's alleged victims.

About Our Law Firm:
The experienced Ohio investment fraud attorneys of David P. Meyer & Associates are committed to helping investors recover damages in mediation, arbitration, and litigation claims. We are the only law firm in Ohio that is exclusively dedicated to individual investor claims and class action lawsuits.

We invite you to read our free eBook Five Signs of Investment Fraud...And What to Do if it's Happened to You and to call an experienced Ohio investment fraud lawyer at 1-614-244-6000 for a free consultation.