1ST GLOBAL CAPITAL AND PINNACLE PLUS
Nov. 13, 2018
The Kansas City attorneys at Pospisil Swift are investigating potential claims on behalf of investors who purchased investments in 1st Global Capital, including those who made such investments through Pinnacle Plus in Overland Park, Kansas.
1st Global Capital is a Florida company that operated under the name 1st Global Capital and held itself out as a lender for small and medium sized businesses. 1st Global Capital raised funding by collecting millions of dollars from investors through a network of agents across the country. On July 27, 2018, 1st Global Capital filed for bankruptcy. After the company’s bankruptcy filing, the SEC filed charges for securities violations against 1st Global Capital, the company’s president, and a host of affiliated entities. The SEC alleges that the company misled investors and engaged in the improper sale of securities and the improper use of investor funds. While it is not clear what funds will be available to the company’s investors through the bankruptcy proceedings, it appears unlikely that investors will be made whole.
The Kansas City Star reported on 1st Global Capital and Pinnacle Plus in late August 2018: https://www.kansascity.com/news/business/article217071995.html. As the Star’s article notes, many of the 1st Global Capital investors reside in Kansas City or the surrounding areas and invested significant amounts in 1st Global Capital through Pinnacle Plus.
If you suffered losses due to an investment in 1st Global Capital, you may be entitled to recover damages from the person or entity who recommended the investment to you. The Kansas City attorneys at Pospisil Swift are investigating such claims against Pinnacle Plus and others relating to the disastrous investments in 1st Capital. If you would like to discuss your potential claims, please contact us at (816) 895-6440 to arrange a free consultation. Our firm typically handles these matters on a contingency basis, meaning that you only owe a legal fee if we recover on your behalf.
To ensure that you meet any time deadlines imposed by law and best position yourself to recover from any available funds, we recommend that you do not delay in reaching out to an attorney.
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