06 Oct Sonya Camarco— Alleged Fraud Scheme and Misappropriation of Client Funds
Sonya D. Camarco Allegedly Orchestrated Fraud by Purportedly Making Misappropriations of over $2.8 Million from Her Clients and Customers, Purportedly Including Many Elderly Clients
Colorado Springs resident Sonya D. Camarco, has had her assets frozen by the SEC following allegations that, from at least 2004 through August 2017, she allegedly funneled $2.8 million worth of funds from her clients and customers, according to an SEC Complaint currently under review by attorneys Alan Rosca and James Booker.
Investors who believe they may have lost money in activity related to Sonya Camarco’s alleged fraud scheme are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.
The Peiffer Rosca Wolf securities lawyers are currently investigating Sonya Camarco’s alleged fraud scheme and are working to get in touch with investors.
Sonya Camarco, 45, a registered representative formerly with LPL Financial who also operated as Camarco Investments, allegedly cashed out client investments without their approved consent and also allegedly forged their signatures on checks made out to C Investments, an entity she controlled, according to the aforementioned Complaint.
Sonya Camarco Allegedly Used Client Funds to Help Finance a Life of Luxury Including Huge Credit Card Payments and Properties
Sonya Camarco then allegedly deposited said purportedly forged checks into a bank account that Camarco allegedly controlled to make credit payments of up to $70,000 a month and to make transfers of investor funds to Camarco Living Trust in order to purportedly purchase property, according to the aforementioned Complaint presently under review by attorneys Alan Rosca and James Booker.
Camarco, when allegedly confronted by clients, allegedly made statements that C Investments was an outside investment she made on their behalf and also allegedly told LPL Financial that C Investments was an outside investment held by one of her clients.
Sonya Camarco was a registered representative and investment advisory representative of LPL Financial LLC, a dually- registered investment adviser and broker-dealer, from February 2004 until her purported termination on August 9, 2017, the SEC reports.
LPL Financial allegedly uncovered a series of purportedly suspicious transfers and then subsequently terminated its relationship with Camarco, according to the SEC.
Securities Lawyers Investigating
The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Sonya Camarco’s alleged fraud scheme and are working to get in touch with investors. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Sonya Camarco’s alleged fraud scheme may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 585-310-5140 or via e-mail at [email protected] or [email protected].