If you were an investor of Paul Andrews Rinfret please call 1-866-817-0201 for a free and confidential consultation with a private attorney.
Rinfret orchestrated a years-long scheme to defraud investors. He sold limited partnership interests in an entity purported to trade in futures relating to the S&P 500, utilizing a purported algorithm he had developed. Rinfret touted unreasonably high returns on his trading. In truth, Rinfret simply stole most of the investors’ money in order to fund his lavish lifestyle. Rinfret was arrested the morning of June 28, 2019 at his home in Manhasset, New York,
As stated by the SEC, Paul Rinfret deceived investors at every step: Lying about his past returns in his solicitations. Lying about having invested all of their entrusted funds, when he was actually spending much of it on things like jewelry, cars, and a Hamptons vacation home. After receiving the funds he lied about how their money was growing.
Rinfret obtained more than $19 million on the false representation that he would utilize their investment funds for trading.
Rinfret’s lies were varied and many but that does not mean that portions of investors funds cannot be recovered. If you are a victim, please call to discuss your options.