Our firm is investigating Indie Asset Partners for recommending investments that have recently suffered from substantial losses and illiquidity. If you invested in any of these Indie Asset-recommended funds, you may have a claim:

Indie Asset Recommends Potentially Risky Funds; IDAF, IDARF, and IDIF Under Investigation

Gibbs Law Group is investigating Indie Asset Partners for its recommendation of certain investments.

Our investigation has revealed that Indie Asset Partners was recommending Prophecy Asset Management to investors. Prophecy is now subject to a lawsuit in Delaware, which alleges that Prophecy committed obvious violation of applicable risk and concentration limits, and that there is credible evidence to infer that Prophecy engaged in wrongdoing, mismanagement or breach of duty.

In addition to recommending that clients invest in Prophecy, Indie Asset also recommended that clients invest in First Landing Fund, which in turn invests 100% of its money with Prophecy.  Further, Indie Asset curated several of its own funds which each contributed a percentage of their capital to Prophecy.

If Indie Asset Partners recommended that you invest in Prophecy, First Landing, IDAF, IDARF, or IDIF, you may have a claim against Indie Asset.  Our investigation includes whether Indie Asset exposed investors to serious risk by recommending these funds.

February 23, 2022 Prophecy Letter to Investors:

On February 23, 2022, Prophecy announced it anticipates finalizing a settlement agreement with all investors in the next 30 days to resolve an arbitration against one of Prophecy’s former sub-advisors. While Prophecy shared some initial “elements” of the future settlement, it says it will not provide a full, detailed explanation of settlement terms with investors until it is already finalized.

Prophecy insists they believe the settlement will help investors “avoid…the risks associated with arbitration,” but the tentative terms of their letter may leave investors with a shortfall as high as $250 million. Gibbs Law Group and Silver Law Group are still actively investigating legal claims on behalf of direct Prophesy investors, as well as investors who invested in Prophesy through Indie Asset or First Landing feeder funds.

Our Securities Lawyers Have a Winning Record Against the World's Largest Companies Like Indie Asset Partners

Our securities lawyers have recovered over a billion dollars on behalf of our clients against behemoths, such as Chase Bank, Mastercard, and Anthem Blue Cross Blue Shield. Read more about our results.


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Praise from the Courts

Federal judge in our AT&T class action:

“I’ve always found them to be extraordinary counsel in terms of their preparation and their professionalism.”

Federal judge in our Chase lawsuit (resulting in $100 million settlement):

They “fought tooth and nail, down to the wire” to achieve “the best settlement that they could under the circumstances.”

Read more about what judges say about us.

Scott Silver

Scott focuses his law practice on securities arbitration and litigation and plaintiff-side class action litigation, representing individual investors and institutions in claims against brokerage firms, investment advisors, commodities firms, hedge funds and others.

Michael Schrag

Michael has over 20 years of experience representing individual and small business plaintiffs against the world’s large financial institutions, including Visa, Mastercard, and Chase.

Eileen Epstein Carney

Eileen is involved in the firm’s securities practice and has over a decade of experience in the legal world. She received her law degree from American University in 2005.

Dave Stein

David’s advocacy has generated major recoveries for consumers impacted by financial fraud. He was named to the Top 40 Under 40 by Daily Journal and a “Rising Star in Class Actions” by Law360.

Amanda Karl

Amanda is spearheading a securities lawsuit against NantHealth concerning fraudulent statements to investors about the success of its key product.

Our Financial Fraud Experience

Gibbs Law Group

Gibbs Law Group’s financial fraud and securities lawyers have more than two decades of experience prosecuting fraud. The firm has successfully litigated against some of the largest companies in the United States, and has recovered more than a billion dollars on clients’ behalf.

Gibbs Law Group attorneys have fought some of the most complex cases brought under federal and state laws nationwide, and have been recognized with numerous awards and honors for their accomplishments, including Top 100 Super Lawyers in Northern CaliforniaTop Plaintiff Lawyers in CaliforniaThe Best Lawyers in America, and rated AV Preeminent (among the highest class of attorneys for professional ethics and legal skills).

Silver Law Group

Silver Law Group is a team of securities lawyers, forensic accountants, and support staff who are dedicated to helping investors recover losses through securities arbitration and litigation.

The firm is led by Scott Silver, a former Wall Street defense attorney who has been representing customers in securities and investment fraud cases since 2002. Scott is admitted to practice in New York and Florida and the firm’s FINRA arbitration attorneys represents investors nationwide.