Horizon Private Equity Investors Awarded $36.7 Million in FINRA Arbitration Case Following Alleged Ponzi Scheme

Date:

September 7, 2022

Type of alert:

Ponzi Scheme  

On September 6, 2022, a  FINRA arbitration panel announced a historic $36.7 million award against New York- based Oppenheimer & Company.  “Unsurprising” commented John Chapman, one of the attorneys who represented the claimants in the case against Oppenheimer. “Oppenheimer had eight years to stop its predatory brokers from launching their Horizon Private Equity scheme.

Instead of shutting them down, it chose to enable their illicit activities. Our clients – many of whom are seniors and decorated U.S. Air Force veterans – have paid a heavy price for Oppenheimer’s decision. This case is a posterchild for punitive damages and assessing ‘Racketeer Influenced and Corrupt Organization’ or ‘RICO’ damages. The arbitrators understood the importance of fully compensating Oppenheimer’s victims and of addressing its shocking misconduct. Unlike Oppenheimer, the arbitrators  did what they needed to do to protect the investing public and the integrity of the markets.”

Contact Us If You Believe You Have a Case

  • This field is for validation purposes and should be left unchanged.

This site contains attorney advertising. The attorneys at ChapmanAlbin are licensed to practice law in Ohio and Michigan. Any reference to past cases or successes made herein should not be construed as a guarantee of any future outcome. Each client and each client’s case is unique, and no result or outcome is or can ever be guaranteed. The information provided in this website is offered for general information purposes only; it is not offered as and does not constitute legal advice in any way. // Disclaimer