TCA FUND FRAUD INVESTOR ALERT: SECURITIES LAWYERS PREPARING CLAIMS FOR INVESTORS

TCA Fund Investigation Update

TCA Fund fraud charges recently filed by the Securities Exchange Commission (“SEC”) have unveiled important, alleged misconduct by Florida-based investment adviser TCA Fund Management Group Corp., its affiliate TCA Global Credit Fund GP Ltd. (TCA-GP), and several funds managed by TCA, including TCA Global Credit Fund and TCA Global Credit Master Fund.

Securities lawyer Alan Rosca and his colleagues have been investigating potential claims on behalf of TCA Fund investors, and are preparing to take action and seek compensation for investors. TCA investors may contact attorney Alan Rosca or his colleagues to provide useful information or for a free, no-obligation evaluation of their recovery options at 888-998-0530 or rosca@lawgsp.com .

TCA Fund Fraud Charges Filed by SEC

In its TCA Fund fraud Complaint, the SEC alleges that the TCA Fund managers misrepresented the value of the funds, inflating the net value of the assets by at least $130 million. The SEC also sought a receiver in order to protect investors from further TCA Fund investment fraud and to enjoin TCA from perpetrating its fraudulent scheme.

Additionally, the SEC filed its Complaint to ensure a proper windup of TCA’s business and a fair and appropriate distribution to the Feeder Funds’ approximately 470 investors. As of November 2019, the Funds may have had assets under management of approximately $516 million.

Feeder Funds raise money from investors and “feed” that money to a Master Fund, which provides financing and investment banking services to small and medium-sized businesses. TCA, the investment adviser to the Funds, was entitled to compensation based on the amount of the Funds’ assets (the “net asset value,” or “NAV”). The general partner of a Master Fund and Feeder Fund LP was contractually entitled to compensation on the amount of Master Fund’s profitability. Since 2010 and continuing through at least November 2019, TCA fraudulently engaged in revenue recognition practices that inflated the Master Fund’s revenue and the Funds’ NAV in order to paint the false picture that the Funds were worth more than they actually were, to the detriment of investors, all according to the SEC records reviewed by investor rights lawyer Alan Rosca.

Contact Us:

Goldman Scarlato & Penny P.C.

rosca@lawgsp.com

8 Tower Bridge, Suite 1025

161 Washington St Philadelphia, PA, 19428 United States

888-998-0530

https://investorlawyers.org

Resource URL:- https://investorlawyers.org/tca-fund-fraud-investor-alert/