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 to supervise.
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 (800) 738-1960 today for a case evaluation.