Lakeshore Resort Holdings, Ecovest Capital Lawsuits
Have you suffered losses investing in Lakeshore Resort 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 involving broker-dealers or sales agents who sold 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.
Lakeshore Resort Holdings LLC reportedly filed a form D to raise capital from 213 investors beginning on November 2, 2016 and the total offering amount sold was purportedly $11,313,171, with the minimum amount accepted by any outside investor of $ 23,994.
The managing entity is EcoVest Capital, according to the Form D.
The SEC Form D indicates that sales compensation was paid to the following recipients The Strategic Financial Alliance.
Sales commissions and fees on the offering were estimated at $ 1,357,581, approximately 8% of the offering amount, according to SEC filings.
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.
Securities Fraud Lawsuits
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Recommendations should be in line with the investor’s age, risk tolerance, net worth, and investment experience.
Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses.
If you have suffered investment losses in Lakeshore Resort Holdings and EcoVest Capital, 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. To learn more about The White Law Group visit www.whitesecuritieslaw.com.