Robert G. Bard, of Warfordsburg, Pennsylvania, was recently arrested for
his part in an alleged securities fraud scam. The indictment, unsealed
after Bard’s arrest, included counts of securities fraud, investment
adviser fraud, mail fraud, bank fraud, wire fraud, and making false statements
According to the indictment, Bard took in more than $3 million from at
least 43 different investors through his Vision Specialist Group, which
operated in West Virginia and Pennsylvania. Bard allegedly misrepresented
the investments and failed to disclose important information to his investors.
Bard also allegedly sent out fake
account statements to investors in an attempt to hide substantial losses. He is believed
to have sustained the losses in speculative and risky investments made
on behalf of his clients, who allegedly were unaware of the risks.
This is apparently not the first time Bard has been in trouble. He was
reportedly fired from a previous position as a stockbroker after forging
investor signatures and declared bankruptcy in 2005, but it is alleged
that he did not disclose that history to his investors with Vision Specialist Group.
If convicted on the current charges, Bard could face decades in prison
in addition to significant fines and other penalties.
If you have sustained investment losses as the result of stockbroker misconduct
or securities fraud, don’t wait until it’s too late to get
help. The securities fraud lawyers with Meyer Wilson have more than 50
years of combined experience helping harmed investors navigate
stockbroker mediation, arbitration, and litigation. Give us a call today or fill out our easy
online contact form for more information.