Thurman P. Bryant, III, Bryant United Capital Funding, Inc., and Arthur F. Wammel, and Wammel Group, LLC

The Securities and Exchange Commission (SEC) has obtained final judgments against Thurman P. Bryant, III, Bryant United Capital Funding, Inc., Arthur F. Wammel, and Wammel Group, LLC, for operating a fraudulent mortgage investment scheme and Ponzi scheme that defrauded investors out of $67 million.

Bryant and his firm raised $22.7 million by falsely promising guaranteed returns from mortgage investments, while Wammel and his group ran a $44.7 million Ponzi scheme, using new investor funds to pay earlier investors. The U.S. District Court for the Eastern District of Texas has ordered them to pay over $10 million in disgorgement and interest, though much of it is being satisfied through court-appointed receivership and restitution orders.

If you invested with Bryant United Capital Funding, Wammel Group, or the named individuals, ChapmanAlbin LLC may be able to help. Contact us today for a free consultation to explore your legal options. Stay informed on the latest investor alerts by visiting our website.