Lawson Financial Corporation (LFC) and Robert Lawson Allegedly Took Part in a Huge Securities Fraud, Purportedly Underwriting Bond Offerings for Charter School and Assisted Living Facilities While Knowing Said Institutions Were in Poor Financial Health
Lawson Financial Corporation (LFC) served as the underwriter for bond offerings of Destiny Bonds and Hillcrest Bonds which funded a charter school located in Mesa, Arizona, while the Cullman Bonds and Decatur Bonds funded two assisted living facilities in Alabama, according to a recent Complaint from FINRA’s Department of Enforcement currently under review by attorneys Jason Kane and Joe Peiffer.
Robert Lawson and LFC were allegedly aware of the charter schools’ and the assisted living facilities’ enormous financial difficulties and purportedly and fraudulently hid from LFC customers who purchased the bonds the highly material facts that the charter school and the two assisted living facilities were under such severe financial stress, said Complaint reports.
The Peiffer Wolf Carr & Kane securities lawyers are currently investigating Lawson Financial Corporation (LFC) and Robert Lawson’s alleged securities fraud.
Robert Lawson, with the Knowledge of his wife Pamela Lawson, Allegedly and Improperly Transferred Millions of Dollars from Accounts to Assist Bond Borrowers, Unable to Make Interest Payments in Some Cases
Robert Lawson, with the knowledge of his wife Pamela Lawson, allegedly and improperly transferred millions of dollars from accounts to assist bond borrowers, which were unable to meet operating expenses, and in some cases even unable to make interest payments, according to the aforementioned Complaint being examined by attorneys Joe Peiffer and Jason Kane.
Robert Lawson and LFC, in particular, allegedly hid from LFC customers (who purchased the bonds) the highly material fact that Robert Lawson was improperly transferring millions of dollars from a charitable remainder trust account held at LFC (as well as lesser amounts of Robert Lawson ‘s own personal funds), the Complaint notes.
Robert Lawson committed said actions in order to keep afloat the financially floundering charter school and the two assisted living facilities afloat, the Complaint reports. Finally, the charter-school bonds were sold in a $10.5 million offering that Lawson Financial underwrote in October 2014, according to the Complaint.
Securities Lawyers Investigating
The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of securities fraud, and are currently investigating Lawson Financial Corporation (LFC) and Robert Lawson’s alleged securities fraud. 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 Lawson Financial Corporation (LFC) and Robert Lawson’s alleged securities fraud are encouraged to contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 585-310-5140.