CHRISTOPHER W. BURNS REVIEW
This complaint was posted on NAS on 6th Jan, 2021 and is a permanent record located here: https://www.nameandshame.com/christopher-w-burns-5YCVM/fraudulent-securities-offering-misappropriating-investor-funds-id5ydpg .
Fraudulent Securities Offering and Misappropriating Investor Funds
Today, The Smart Investor Feed brings you another morally reprehensible fraud.
Dynamic Money LLC (Peer Connect LLC) has been seized/arrested by the U.S. Securities And Exchange Commission (SEC). Shocking right?
We weren’t expecting this as well, but these scammers are getting smarter by the minute, making it harder for us to identify.
Such swindlers seem to be booming in numbers lately. This case is kind of interesting, why don’t I show you why:
Full Report On Dynamic Money LLC (Peer Connect LLC)
On November 12, 2020, the Securities and Exchange Commission charged Atlanta, Georgia-based investment adviser Christopher Burns with defrauding investors and misappropriating investor funds.
According to the SEC's complaint, Burns, through his investment adviser firm Investus Advisers LLC d/b/a Dynamic Money LLC, sold more than $10 million in promissory notes issued by two of his other companies-Investus Financial LLC and Peer Connect LLC-to investors. The complaint alleges that Burns falsely told investors that he would use investor funds for a peer-to-peer lending program for businesses in need of capital. Burns allegedly claimed that the notes were backed by collateral and that they presented little or no risk. According to the complaint, the peer-to-peer lending program was a sham, and Burns spent the money he raised to repay earlier investors, fund his lifestyle, and elevate his status as an investment adviser by purchasing tens of thousands of dollars of airtime for his local radio show. The complaint further alleges that Burns increased his promissory note sales in recent months, then disappeared with investor proceeds in late September 2020.
The complaint charges Burns, Investus Advisers LLC d/b/a Dynamic Money LLC, Investus Financial LLC, and Peer Connect LLC with violations of the antifraud provisions of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1) and 206(2) of the Investment Advisers Act of 1940, and names Burns's ex-wife, Meredith Burns, as a relief defendant. The SEC seeks preliminary and permanent injunctive relief, an asset freeze, an accounting, disgorgement of all ill-gotten gains plus prejudgment interest, and civil penalties.
On November 12, 2020, the United States District Court for the Northern District of Georgia entered an order temporarily restraining the defendants from violating the charged provisions of the federal securities laws, instituting an asset freeze, and ordering other relief.
Conclusion: Dynamic Money LLC (Peer Connect LLC) Is A Fraud
The report on SEC clearly suggests that Dynamic Money LLC (Peer Connect LLC) never had any intentions to do honest business or provide helpful services. Main intention behind all their actions was to take advantage of the honesty & gullibility of people and scam them. It would be an understatement to call this a mere fraud, this one is a scandal.
If you feel like you are a victim of this scam, then I recommend contacting a law firm and consulting with them about a lawsuit. Companies & firms pay huge reprimands to settle serious lawsuits.
Help Us Fight These Criminals
Do you have evidence against Dynamic Money LLC (Peer Connect LLC) or one of their associates, then please post it here. These criminals rely on their witnesses’ & victims’ silence, if you speak up, then they get exposed and punished for their horrific acts. I started The Smart Investor Feed on this site with only one purpose; to become a nightmare for the financial frauds in the country. I try to post often, so you can bookmark my profile for regular updates on frauds & con-artists.