Recovery options for investors in AG Morgan Financial, Vincent Camarda, Par Funding and AGM Capital Fund

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Lawyer Marc Fitapelli, MDF Law

AG Morgan, based in Massapequa, New York, was charged with securities fraud by the Securities and Exchange Commission on June 9, 2022

Call me at 212-203-9300 if you have invested in crowdfunding or the AGM capital fund. I may be able to help you recover significant damages.

—Marc D. Fitapelli, Esq.

NEW YORK, NEW YORK, USA, June 13, 2022 /EINPresswire.com/ — MDF Law is investigating investor complaints against AG Morgan Financial Advisors, Vincent Camarda and James McArthur regarding investments made in Complete Business Solutions Group d/b/a Par Funding. The group was accused of securities fraud by the Securities and Exchange Commission on June 9, 2022. The complaint was filed in the Eastern District of New York (Case 2:22-cv-03421). A copy of the complaint is attached at the bottom of this press release.

MDF Law is a New York-based law firm that exclusively represents investors in FINRA arbitration cases. We represent investors in emergencies and do not receive legal fees unless we recover money for our clients. If you have invested in crowdfunding or the AGM capital fund, please call (212) 203-9300 and ask to speak to attorneys Marc Fitapelli or Jeffrey Saxon. The call is free and confidential.

The complaint against AG Morgan Financial, Mr. Camarda and Mr. McArthur related to their marketing of crowdfunding investments. From August 2012 to July 2020, Par Funding provided short-term loans to small businesses in exchange for security on their receivables. He referred to these loans as “merchant cash advances“. To fund its operations, Par Funding sold unregistered securities in the form of promissory notes to investors. The notes typically promised 12% interest with repayment of principal after twelve months. In addition to selling notes through the equity financing, AG Morgan also sold investments through agent funds called AGM Capital Fund I and II.

AG Morgan Financial, James McArthur and Vincent Camarda have failed to disclose material crowdfunding information to their clients. Specifically, the SEC’s complaint alleges that AGM failed to notify customers that it had borrowed, but failed to repay, approximately $750,000 from the crowdfunding. AG Morgan Financial, Mr. Camarda and Mr. McArthur raised over $75 million from more than 200 of its investors and received over $7 million in compensation. Its clients may be entitled to seek substantial damages against them as well as against other third parties, including the brokers who employed Vincent Camarda and James McArthur.

On July 24, 2022, the Securities and Exchange Commission filed a securities fraud complaint against Par Funding. The lawsuit accused its executives of lying to investors about the fund’s activities, how investor funds would be used, and the criminal history of its founder, Joseph LaForte. The crowdfunding is currently in escrow. This means that it is controlled by a recipient who was appointed by a federal judge. The receiver will be responsible for operating the crowdfunding business and determining amounts owed to individual creditors. This process is ongoing.

If you have invested in crowdfunding, you may be able to sue the seller who marketed the investment to you for damages. These types of claims are different from receivership and involve filing an individual arbitration case with the Financial Industry Regulatory Authority, or FINRA. MDF Law is also investigating other financial advisers who have sold the crowdfunding, as we understand the investment may have been sold through various agent funds. Here is a complete list of agent funds provided by the escrow:

• AGM Capital Fund;
• AGM Capital Fund 2;
• Blue Stream Income Fund;
• Cape Cod Income Fund;
• Capricorn Income Fund;
• Capricorn Income Fund I Parallel LLC;
• GR8 Income Fund;
• Jade Fund, LLC;
• Jax Fund;
• LWM Equity Fund;
• LWM Income Fund 2;
• LWM Income Fund Parallel LLC;
• Mariner MCA Income Fund;
• MCA Investment Fund;
• MCA Carolina Income Fund;
• MCA National Fund; Merchant Factoring Income Fund;
• Funding for merchant growth revenue;
• Parallel to the Merchant Services Revenue Fund;
• Mid-Atlantic MCA Fund;
• MK One Income Fund;
• participating equity lenders;
• Pisces Income Fund Parallel LLC;
• RAZR MCA Fund;
• Sherpa Income Fund 1;
• Spartan Income Fund Parallel LLC;
• STFG Income Fund;
• Titan Holdings LLC;
• Victory Income Fund;
• Wellen I Fund; and
• WorkWell Fund.

Please contact attorneys Marc Fitapelli or Jeffrey Saxon at 212-203-9300 for more information on this investigation. We are interested in talking to you if you have invested in crowdfunding through AG Morgan, Vincent Camarda, James McArthur or any of the agent funds listed above.

MDF Law SARL
28 Liberty Street, 30th Floor
New York, New York 10005
Receptionist: (800) 767-8040

www.mdf-law.com

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Marc Fitapelli
MDF Law
+1 212-203-9300
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