Peter Kohli Allegedly Raised $3.2 Million through Fraudulent Measure; Kohli Allegedly Raised Funds as the Fund Was Purportedly Plummeting
Peter Kohli, of Pottstown, PA, allegedly used fraudulent means to raise more than $3.2 million from a pool of at least 120 investors, according to reports from the SEC currently under review by attorneys Joe Peiffer and James Booker.
Peter Kohli, who solicited said investors from 2012 through 2015, was at the time acting as president and CEO of dually-registered broker-dealer and investment adviser, DMS Advisors, according to an SEC Complaint.
Kohli reportedly started the DMS Fund series, which consisted of four emerging-market mutual funds, in 2012, said Complaint reports. The Peiffer Wolf Carr & Kane securities lawyers are currently investigating Peter Kohli’s alleged mutual fund investment fraud.
Peter Kohli Allegedly Talked Up the Purported Sophistication of his DMS Fund Series while Not Taking into Account the Actual Risk and the Firm’s Ability to Pay its Expenses
Peter Kohli allegedly made overly grandiose statement regarding the prowess of the DMS Fund series while also purportedly ignoring the substantial risks and his firm’s ability to pay its expenses, according to an SEC Complaint presently being reviewed by attorneys Joe Peiffer and James Booker.
The SEC Complaint further alleges that as the fund fell into ruin that Kohli allegedly stole money from investors.
Kohli also allegedly misappropriated money solicited to invest in one of the funds, while bringing attention to two types of investments in the holding company for DMS Advisors, Marshad Capital Group, according to the SEC Documents.
Securities Lawyers Investigating
The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of alleged investments fraud scams and are currently investigating Peter Kohli’s alleged mutual fund investment scam. 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 Peter Kohli’s alleged mutual fund investment scheme may contact the securities lawyers at Peiffer Wolf Carr & Kane, Joe Peiffer or James Booker, for a free no-obligation evaluation of their recovery options, at 504-523-2434.