Levin Law, P.A. (“Levin Law”) is investigating claims involving investment made with Global Credit Recovery, LLC, Delmarva Capital, LLC, Rhino Capital Holdings, LLC, Rhino Capital Group, LLC, Deville Asset Management, LTD, Riverwalk Financial Corporation (collectively, the “Global Credit Entities”) and individuals Kevin Merrill, Jay Ledford, and Cameron Jezierski.
In late 2018, the Securities and Exchange Commission charged Kevin Merrill, Jay Ledford, and Cameron Jezierski (the “Individuals’) with offering fraud relating to the Global Credit Entities. The Individuals are alleged to have raised more than $345 million from over 230 investors to allegedly purchase consumer debt portfolios. According to the SEC, from at least 2013 to 2018, the Individuals operated a Ponzi-like scheme that involved securities offerings including misrepresentations, fake debt, forged signatures, fabricated wire transfers, the movement of millions of dollars into personal accounts, and an elaborate scheme wherein the Individuals offered and sold investments in the same debt and debt portfolios.
According to the SEC, the Individuals touted their purported expertise in collecting on and reselling consumer debt, and through a web of entities they owned and/or controlled, including Global Credit Entities, offered and sold securities to investors with the promise of significant profits. The Individuals are alleged to have used the Global Credit entities and a total of approximately 30 interrelated corporate entities and over 55 bank accounts to move investor money, deceive investors, and continue their Ponzi-like scheme that was maintained only with the influx of greater and greater sums of cash.
Of the $345 million raised, according to the SEC, more than $90 million was invested by over 200 individual investors; around $52 million by family offices; and close to $203 million by feeder funds, largely made up of groups of individuals. According to the SEC, these investors included doctors, lawyers, accountants, bankers, talent agents, current and former professional athletes, small business owners, and financial professionals.
Levin Law Can Help Investors in Global Credit Recovery, LLC Recover Their Investment Losses
If you invested in Global Credit Recovery, LLC or any of the other Global Credit Entities, contact Levin Law for a free case evaluation to learn how we can help you recover your Global Credit losses. Levin Law will handle cases involving Global Credit Recovery, LLC losses on a contingency-fee basis, meaning that you would not be obligated to pay Levin Law attorney fees unless money is recovered for you. Levin Law can be reached at 305-402-9050 or firstname.lastname@example.org