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Zamansky LLC Investigates Investor Claims Against Cantone Research Inc. To Recover Losses From Certificates of Participation In Promissory Notes

December 2, 2015 Investigations

The law firm is investigating investor claims to recover losses against Cantone Research Inc. for fraud relating to sales of “certificates of participation” in five promissory notes issued by nursing homes and assisted living facilities controlled by Christopher Brogdon.   Investors in these certificates of participation have reportedly suffered $6 million in losses from defaults.

On November 22, the Financial Industry Regulatory Authority (FINRA) filed a complaint against Cantone Research Inc. of Tinton Falls, NJ, and its President, Anthony J. Cantone, charging them with fraud. The FINRA complaint alleges that Cantone Research received over $1 million in fees from sales of these notes, and that it made misrepresentations to investors about Brogdon’s previous history and ability to successfully make the required principal and interest payments. FINRA also alleges that Brogdon was once indicted for Medicaid fraud and theft, and that past entities he controlled went bankrupt. FINRA also alleges that Cantone Research hid ongoing defaults by Brogdon so that it could sell more notes.

FINRA’s allegations, if true, may provide grounds for investor claims to recover losses. If you invested in these certificates of participation through Cantone Research, please contact our firm for an evaluation of your rights. You can contact Jake Zamansky by telephone at (212) 742-1414 or by email at jake@zamansky.com.