On September 25, 2014, the U.S. Securities & Exchange Commission filed a complaint against Wealth Strategy Partners, LC, Harvey Altholtz, Stevens Resource Group, LLC and George Q. Stevens alleging that they engaged in fraudulent conduct by making misstatements and omissions to investors in offering materials for two private investment funds, The Adamas Fund and The Stealth Fund.
According to the complaint, SEC v. Wealth Strategy Partners, et al, filed in the Middle District of Florida, Tampa Division, nearly $31 million was raised in those two funds and the defendants failed to disclose that they used Stealth’s assets to guarantee certain loans Altholtz and his family’s trusts made to two of the companies in the Stealth Fund’s investment portfolio.
Altholz is 66 and a resident of Sarasota, Florida, and is a principal of Wealth Strategy. Wealth Strategy is a Florida LLC located in Sarasota, FL. Neither are registered with the the SEC.
Stevens is 67 and resides in Lacey, Washington, and is managing partner of Stevens Resource, an unregistered investment adviser, also in Lacey.
The Adamas and Stealth Funds are Minnesota liability limited partnerships formed for the purpose of engaging in investment activities as an unregistered private investment fund.
The SEC is seeking an injunction, disgorgement of ill gotten gains and other relief.
Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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