Jake Zamansky Quoted in TheDeal.com About the Investigation of Tony Barouti in GWG Holdings L Bond Fraud
Many Iranian-Americans invested in GWG Holdings L Bonds after hearing a pitch by financial adviser Tony Barouti on his Persian-language radio show. As we have previously reported, our investment fraud attorneys are investigating and pursuing claims of alleged securities fraud, investment fraud, misrepresentation, breach of fiduciary duty, and other unsuitability violations toward GWG L Bond holders after investors lost millions.
The firm’s founder and lead investment fraud attorney, Jake Zamansky, was recently quoted in TheDeal.com confirming that investors trust the word of their financial advisors, especially when they make claims of “guarantee” and “protection.”
“It’s an affinity situation. They rely on the representations from the financial advisers,” Zamansky said to TheDeal.com. “Barouti ‘pitched it as low risk, safe and secure.'”
The firm is currently representing several clients in this matter – mostly retired business people who invested nearly half of their worth. As is stated in the article and our past reporting, our leading investment fraud law firm will be pursuing FINRA arbitration on our clients’ behalf.
If you purchased an L Bonds through Emerson Equity LLC suffered losses from GWG Holdings L bonds, you should contact investment fraud attorney Jake Zamansky at 646 828-1653, or by email at firstname.lastname@example.org, for an evaluation of whether you were the victim of possible securities fraud and what your compensation options via FINRA arbitration may be.