Published On: February 5, 2018

Stoltmann Law Offices is investigating former broker Nicholas Genovese, who was charged by the Securities and Exchange Commission (SEC) with a brazen offering and investment adviser fraud. The SEC alleged that, since 2014, Genovese and his hedge fund, Willow Creek Investments LP raised more than $5.3 million from at least six investors by affirmatively misrepresenting his prior money-management, securities industry experience and size of operations. The SEC charged that Genovese falsely stated that his hedge fund’s investment adviser had $30-$39 billon of assets under management, that his firm had between 42 and 60 employees, when it actually had 10, and that his hedge fund had investment gains of 30-40 percent per year, when, in reality, it sustained losses. It was also alleged that Genovese lied about his education and prior work experience, and concealed his criminal past from investors. The U.S. Attorney’s Office for the Southern District of New York has filed parallel criminal charges against him. If you or someone you know lost money because of Nicholas Genovese and Willow Creek Investments, you may be able to recover those investments through the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis.

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