Inspired Healthcare (IHC) Delaware Statutory Trusts (DST) such as Eatonton, Carson Valley and San Marcos, and Emerson Equity Bridge Fund I are securities invested in IHC. All are retailed by Emerson Equity. As such, Emerson Equity had an obligation to conduct a reasonable investigation into IHC. We are investigating whether such reasonable investigation should have discovered the widespread fraud at IHC. If so, Emerson is responsible for the loss.
Jeffrey Pederson currently represents individuals suffering such losses.
Inspired Healthcare Capital sent investors a letter stating that it is suspending distributions. This is likely due to a fraud of it and its executives. Plaintiffs in that prior suit alleged that IHC and executives misrepresented their financial condition in connection with seeking a loan.
Securities brokerage firms, like Emerson, have a duty to conduct reasonable due diligence for the investments that they sell. Emerson failed to discover such wrongdoing despite the widespread nature of the fraud.
Emerson asserts that it is seeking recovery for its investors. There is a low possibility that Emerson’s action will be successful. As with similar fraud, the loss is primarily due to the failure of brokerages to discover the fraud on the front end. Additionally, IHC is likely insolvent and its executives, such as Luke Lee, will not likely be able to pay new civil judgments. Investor recovery will likely only come from a suit against Emerson or others selling the IHC interests.
Emerson brokers selling this investment include Ryan Finch. Finch operates out of the office in Greenwood Village, Colorado.
Jeffrey Pederson represents defrauded investors and has successfully doing so for over 20 years from Greenwood Village. Please call for more information.
Recent Comments