Our firm is investigating Shopoff Securities, Inc. on behalf of Shopoff investors. In January of 2019 the Financial Industry Regulatory Authority (FINRA) began investigating Shopoff Securities on allegations that the company may be a Ponzi scheme. FINRA also claimed that Shopoff misrepresented the financials of its principals for certain investments.

If you invested in a Shopoff private placement, you may be eligible to recover your losses. Speak to an experienced securities attorney today to learn more about your options.

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Shopoff Private Placements Unsuitable For Investors

Our firm is investigating Shopoff Securities on behalf of investors who were sold Shopoff private placements in real estate ventures. Many sources have claimed that Shopoff Land deals are extremely risky, and may be unsuitable to certain investors.

Shopoff investment offerings include:

  • Shopoff Land Fund I LP
  • Shopoff Land Fund II, L.P.
  • Shopoff Land Fund III, L.P.
  • Shopoff Land Fund IV, L.P.
  • Shopoff Land Fund V, L.P.
  • Shopoff California Commercial Fund, L.P.
  • Shopoff Commercial Growth and Income Fund III, L.P.
  • SCGIF II – Skypointe, LLC
  • SCF – 4440 VKA, LLC
  • SCGIF II – Franklin, LLC
  • SCF – 2100 Q Street, LLC
  • SCGIF II – Des Plaines, LLC
  • Vertimass, LLC

If you were placed in a Shopoff investment and believe that you were not given all of the information, or were placed in an unsuitable investment for your age, investment goals, or risk tolerance, you may be able to recover your losses. Get a free case evaluation today.

Shopoff Securities FINRA Investigation: Ponzi Scheme Allegations

At the start of 2019, FINRA filed a complaint against Shopoff Securities, its President and Chief Executive Officer William A. Shopoff, and its Senior Vice President for Investor Relations Stephen R. Shopoff. The complaint alleges that Shopoff Securities, through these two officers, fraudulently sold nearly $12.57 million worth of promissory notes to 29 investors. These notes, according to FINRA, were owned by William Shopoff and used to fund his private real estate firm.

The case also claims that Shopoff Securities failed to disclose that William Shopoff would be transferred $165,000 of the investment proceeds to pay for his and his wife’s personal expenses. Further, FINRA states that William Shopoff overstated his liquidity and net worth in connection to the sale of Shopoff Land III and Shopoff Land Fund IV. This misrepresentation was allegedly accomplished by the temporary transfer of $1.5 million to William Shopoff’s personal account.

FINRA also alleges that the money raised by Shopoff Securities was used to pay the returns of prior investors, which may be indicative of a Ponzi scheme.

Broker dealers are required to perform due diligence before recommending private placements to investors. If you were placed in a Shopoff fund, without any prior indication of the company’s wrongdoing, you may have recourse options. Contact us today to learn more about recovering your investment losses.

Our Securities Lawyers Have a Winning Record Against the World's Largest Companies Like Shopoff Securities

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.

You “shouldn’t presume that powerful banks and other powerful interests can just get away with doing bad things. Good, qualified counsel that are committed to a cause can usually figure out how to prosecute such cases effectively and prevail.”

Eric Gibbs, award-winning securities attorney

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.

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

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.

David 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’s financial fraud and securities lawyers have more than two decades of experience prosecuting fraud. Our attorneys have successfully litigated against some of the largest companies in the United States, and we have recovered more than a billion dollars on our clients’ behalf.

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