The Securities and Exchange Commission has charged investment adviser Knight Nguyen Investments (“KNI”) and three individuals for their roles in an alleged scheme to invest clients’ funds in fraudulent securities offerings.
In its Complaint, the SEC asserts that KNI’s majority owner Chris Lopez and representative Forrest Jones told investors that the firm invested in low-risk alternative investments, such as “proven” companies. Instead, investor funds were placed in high-risk securities issued by companies that were owned or controlled by Mr. Lopez and/or his brother Jayson Lopez, who is alleged to have aided and abetted the fraud.
The alleged scheme by Knight Nguyen Investments garnered more than $3.7 million in investor funds from roughly 70 clients or investors from March 2016 to September 2018, according to the SEC Complaint.
If you believe you’ve invested in what turned out to be fraudulent securities offerings, Fishman Haygood may be able to help. Please contact us to discuss your potential claim.