Tag Archives: private international wealth management lawsuit

Nikolai Battoo & His Companies Hit With $358 Million In Sanctions

The SEC announced that on September 30 ,2014, Judge Edmond E. Chang, U.S. District Court of Illinois Eastern Division issued and order and final judgment by default against Nikolai Battoo and two of his companies BC Capital Group S.A. (Panama) and BC Capital Group Limited (Hong Kong)

A permanent injunction was imposed as well as disgorgement, interest and penalties of $358 million.  Battoo was a hedge fund manager who defrauded investors worldwide in a fraud that began around 2008. Battoo, who raised hundreds of millions in the U.S. in Private International Wealth Management (PIWM),  concealed the fact that he had suffered huge losses by sending out fraudulent account statements.

The SEC had charged Battoo, his companies and marketing chief Tracy Lee Sunderlage in 2012. In August 2014, they charged Julian Brown and his company Alliance Investment Management Limited for their role in the Battoo fraud.

If a licensed broker made the recommendation for you to invest in Private International Wealth Management , Alliance Investment Management Limited, B.C. Capital Group, the Anchor Funds, Galaxy Fund, Phi R Squared funds, FuturesOne Diversified funds or any other company a part of the Battoo fraud, call to learn how you may be able to recover damages.

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.

Rex Securities Law

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