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Jake Zamansky Quoted in About the Investigation of Tony Barouti in GWG Holdings L Bond Fraud

March 4, 2022 Breaking News

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 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 “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 or by email at, for an evaluation of whether you were the victim of possible securities fraud and what your compensation options via FINRA arbitration may be.

Client Reviews

“Jake Zamasky and his colleagues represented me in a FINRA arbitration case against a large multinational bank and succeeded in obtaining an award for the full amount of my investment losses. I would highly recommend the Zamansky firm for their experience in securities litigation, their level of detailed research and case preparation, and their ability to effectively fight for what’s right.”

Richard R.

“Throughout my entire case, Jake Zamansky was incredibly responsive and spent time walking me through each step of the process. He is professional and worked with my challenging schedule, even meeting with me nights and on weekends. He knew exactly which turn to take when it came to my case and yet was respectful of any decisions I wanted to make resulting in a positive outcome.”

Donald A.

“Jake Zamansky and his firm represented me in a FINRA arbitration case to recover investment losses. Jake and his team were very professional and worked very hard preparing for trial and then reaching a substantial settlement of our case. I would highly recommend them.”

William E.

“Jake Zamansky represented me in a FINRA arbitration case which allowed me to recover a substantial portion of investment losses. He is truly an expert in this space and I would highly recommend him to those investors who may have been been a victim of investment fraud.”

Chris K.

“Jake and his team did a great job communicating with me throughout the process of my lawsuit. I would recommend him to anyone looking to sue UBS for unethical practices.”

Mike A.
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