Hoover, Alabama Man Faces Civil Suits In Ponzi Scheme Case

MyFoxAL.com – FOX6 WBRC Birmingham, AL

The Frankowski Firm is currently representing 24 investors between the ages of 36 and 93 in four civil suits against Bryan Anderson of Hoover, Alabama and his former employers. In his criminal case, Anderson is expected to plead guilty at a hearing scheduled for February 25 to one count each of securities fraud, wire fraud, and money laundering.

Anderson allegedly defrauded investors out of over $3 million. According to court documents in his criminal case, “Anderson falsely told investors they would receive a guaranteed rate of return” and that “Anderson falsely assured Investors they could access their money at any time, that their principal was always protected.”

The Frankowski Firm’s Richard Frankowski stated, “These entities participated in the wrongful conduct, in part, by failing to adequately hire, train, and supervise their employees and by failing to establish and maintain controls that would have prevented the financial losses. My clients placed the utmost trust in Mr. Anderson and in the companies he worked for. Had they not believed every word he said, my clients never would have handed over their hard earned money.”

If you or someone you know has lost money as a result of an investment or Ponzi scheme, please contact Richard Frankowski at 888-741-7503 to discuss your potential legal remedies or complete the contact form.