Meyer Wilson is currently representing victims of the Enviro Board investment
scheme conducted by former LPL Financial advisor, Joshua Mosshart. In
2016, Mosshart was sued by the SEC for securities laws violations in connection
with soliciting investors to invest in Enviro Board Corporation. He has
also been barred by FINRA from acting as a broker.
According to the SEC,
Mosshart, began to raise money for Enviro Board in May 2011, became the
company’s titular president in or about January 2012, and resigned
from Enviro Board in April 2013. In all, Enviro Board raised approximately
$6 million from investors during 2011 to 2014 through its sale of about
$3 million in common stock, $2 million in bonds purportedly secured by
Enviro Board’s claimed interest in state tax credits, $1 million
in unsecured bonds, and $50,000 in promissory notes. Mosshart directly
solicited the majority of Enviro Board’s investors via e-mail, by
telephone, and through in-person meetings.
Although the company failed for almost 20 years to successfully commercialize
its technology, Mosshart allegedly continued to lure in investors by misleading
them with unsubstantiated and
unrealistic financial projections, the SEC stated.
“Beginning in May 2011, Mosshart referred at least 18 individuals
to Enviro Board, who then purchased nearly $5 million of the company’s
securities,” the SEC noted in their report.
According to BrokerCheck,
Mosshart worked at LPL Financial in Westlake Village, California from 2004 to 2012.
During his career, Mosshart acquired a number of client disputes and settled
three of them from 2010, 2014, and 2017. The settled disputes accused
Mosshart of misconduct, including fraud, conversion, negligence, and failure
Did You Lose Money While Investing in Enviro Board?
The investment loss attorneys at Meyer Wilson are currently representing
victims investors for the Enviro Board scheme. If you made investments
into Enviro Board through common stock, bonds, or promissory notes, Meyer
Wilson is interested in speaking with you.
Give our team of experienced investment fraud attorneys a call at (888) 390-6491
today for a case evaluation.