November 23, 2019 Comments Off on Cayo Dorado Holdings, LLC Securities Fraud Investigation Blog, Current Investigations

Cayo Dorado Holdings, LLC Securities Fraud Investigation

Cayo Dorado Holdings, LLC Securities Fraud Investigation, featured by Top Securities Fraud Attorneys, The White Law Group

Conservation Easement Investment | Cayo Dorado Holdings, LLC, EcoVest Capital

Are you concerned about your investment in Cayo Dorado Holdings, LLC? If so, the securities attorneys at The White Law Group may be able to help you.

The White Law Group is investigating potential securities fraud claims against broker dealers or sales agents selling conservation easements (tax shelter land deals) to unsuspecting investors.

Syndicated conservation easements are private placement investments that promise tax deductions possibly worth four to four-and-a-half times a person’s investment. That means an investor could hypothetically turn a $100,000 investment into $400,000 or more of tax deductions.

These syndicated conservation easements are often sold through independent broker-dealers or directly by attorneys and CPAs who create the syndications, according to industry observers.

According to SEC filings, Cayo Dorado Holdings, LLC filed a form D to raise capital from 165 investors beginning on November 28, 2017.  The total offering amount sold was purportedly $17,728,982 with the minimum amount accepted by any outside investor of $17,490.

EcoVest Capital is the managing entity, according to the Form D.

Sales commissions and fees on this offering were reportedly estimated at $2,089,082, close to 9% of the offering amount, according to SEC filings.

The SEC Form D indicates that sales compensation was paid to the following recipients: Centaurus Financial, DFPG Investments, Inc., G.A. Ripple & Co., International Assets Advisory, LLC, JRL Capital Corp., Kalos Capital, Lion Street Financial, The Strategic Financial Alliance, Inc., and Triloma Securities.

Securities Fraud Lawsuits

The IRS has reportedly seen abuses of this tax provision and it is currently investigating taxpayers who are using questionable appraisals, and taking inappropriately large deductions for easements.

Investors who received charitable contribution deductions of more than 2.5 times their investment could possibly be audited, and potentially even hit with a revised tax bill.

Prior to making recommendations to an individual investor, brokerage firms are required by the Financial Industry Regulatory Authority (FINRA) to disclose all the risks of an investment. Recommendations should only be made if the investment is suitable for an individual investor given their age, investment objections, investment experience and risk tolerance.

Brokerage firms that do not perform adequate due diligence on an investment and/or make unsuitable recommendations can be held accountable for investment losses through FINRA arbitration.

If you have suffered investment losses in Cayo Dorado Holdings, LLC, the securities attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney, please call The White Law Group at 1-888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. To learn more about The White Law Group visit www.whitesecuritieslaw.com.

 

 

Comments are closed.