KGTA Investigation Investor Claims Is What We Do - All Day, Every Day

Ohio Investment Fraud Law Firm Meyer Wilson Represents Ohio Group of KGTA Investors

Potential Recovery for Ohio Victims of KGTA Petroleum, LLC Investment

The Ohio-based investment fraud Meyer Wilson is currently representing a large group of individual investors who lost millions of dollars in the Ohio company called KGTA Petroleum, LLC (“KGTA”). KGTA was sold to investors as a joint venture that purchases and sells jet and diesel fuel with producers and refiners all over the world. Owners Kenneth Grant and Tom Abraham offered investors a fixed interest rate on their investment of 24 percent annually, two percent monthly. Investors were told that the investment was liquid and that they could access their principal investment on an ongoing basis.

Numerous investors deposited a minimum of $100,000 to escrow bank accounts at either PNC Bank, Fifth Third Bank, or Chase Bank. Escrow accounts were maintained by an attorney named Mark M. George in Independence, Ohio. The investors’ funds in the escrow accounts were only to be disbursed once approved fuel purchase orders were received by KGTA.

Investors stopped receiving interest checks from KGTA, and some investors were notified that KGTA is currently under investigation by federal authorities. Having represented many investors who have lost money in Ohio Ponzi schemes over the past 15 years, I will say that it looks to me like the KGTA investors are not going to get their money back from the company.

In prior Ohio Ponzi scheme cases, our law firm has recovered losses for the individual investors we represent by aggressively pursuing financial institutions that either knowingly or unwittingly participated or assisted in the fraudulent investment scheme. We are applying our extensive experience and success in this area in our current investigation into potential recovery options for the victims of the KGTA situation.

If you or someone you know lost money in the KGTA deal, please contact managing partner David P. Meyer directly for a complimentary case evaluation at (866) 314-1980 or dmeyer@meyerwilson.com.

About Meyer Wilson

The team of investment fraud attorneys at Meyer Wilson has successfully represented nearly 1,000 individual investors from across the country who have suffered financial harm at the hands of stockbrokers, brokerage firms and insurance companies. We have won verdicts, arbitration awards and settlements of hundreds of millions of dollars for our clients. The firm’s main office is in Columbus, Ohio.

We Recover Investment Losses

Helping You Take Back What Is Yours
  • Jury Verdict Won Against Prudential Securities $262 Million
  • Recovered for 100-Year Old Widow $30 Million
  • Recovered in Retirement Losses $10 Million
  • Recovered for a Large Group of Individual Investors $6.5 Million
  • Recovered for Elderly Victim in Ponzi Scheme Case $3.8 Million
  • Recovered for Elderly Ponzi Scheme Victim $3.2 Million
  • Recovered for More Than 50 Families of Ponzi Scheme in California $3.2 Million
  • Recovered for 35 Families in Northeast Ohio $3.1 Million
  • Losses Recovered for 20 Retirees $3 Million
  • Recovered for Retired Physician Against Major Wall Street Firm Prior to Filing FINRA Arbitration $2.5 Million
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Why We're the Best Choice

Experienced Representation Focused on Results
  • More than $350,000,000 Recovered
  • Voted Best Lawyers in America┬« for Ten Years Running
  • David Meyer is President of Public Investors Advocate Bar Association (PIABA)
  • Over a Thousand Investor Claim Cases Since 1999
  • Exclusive Focus on Investor Claims & Class/Mass Action Lawsuits
  • Deep Bench of Skilled Attorneys and Staff Members

Helping INVESTORS SINCE 1999

Nationally Recognized Law Firm

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