The Peiffer Wolf securities practice attorneys are investigating claims on behalf professional athletes who were clients of Ash Narayan (“Narayan”) and who knowingly or unknowingly invested in The Ticket Reserve (“TTR”). Anyone who invested in TTR through Narayan is encouraged to contact attorney Jason Kane or James Booker at 216-589-9280, via email email@example.com, or through the contact form on this website.
Narayan Accused of Fraudulently Raising Money for a Ponzi Scheme
The Securities and Exchange Commission recently filed a complaint against Narayan, TTR, and two of TTR’s officers, Richard M. Harmon (“Harmon”) and John A. Kaptrosky (“Kaptrosky”). Narayan is accused of failing to disclose to his clients his close ties with TTR, including his position on TTR’s board of directors, the millions of TTR shares he owned, and that he received nearly $2 million in finder’s fees for securing investments in TTR, according to the SEC’s complaint.
The SEC also alleged that TTR made Ponzi-like payments to pay off older investments. Between August 2014 through January 2016, the SEC alleged that three separate Ponzi-like payments occurred where money from new investors was used to pay other investors.
Contact Peiffer Wolf for a Free Evaluation
Peiffer Wolf ’s securities practice attorneys often represent investors, including professional athletes, who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are currently investigating the possibility of assisting TTR investors with the recovery of their losses. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Wolf , Jason Kane or James Booker, for a free, no-obligation evaluation of their recovery options, at 216-589-9380, via email at firstname.lastname@example.org, or through the contact form on this website.