September 19, 2021
Scam/Fraud

ATTENTION CURRENT AND FORMER OPPENHEIMER CUSTOMERS WHO INVESTED IN HORIZON PRIVATE EQUITY III: National Investor Fraud Law Firm KlaymanToskes Announces Investigation of Potential Claims on Behalf of Oppenheimer Customers Over Ponzi Scheme Losses

CHARLOTTE, N.C.–()–National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation of potential FINRA arbitration claims on behalf of former and current Oppenheimer & Co., Inc. (“Oppenheimer”) (NYSE: OPY) customers who invested in the alleged Horizon Private Equity III (“Horizon”) Ponzi scheme.

Investors are suing Oppenheimer for its role in enabling a massive Ponzi scheme devised by Marietta, Georgia resident and former Oppenheimer registered representative, John Woods, which was operated through his firm, Southport Capital. From 2008 to 2016, John Woods and his brother Jim Woods allegedly solicited a significant number of customers from Oppenheimer to invest in Horizon while Woods was registered as a broker and investment adviser with the brokerage firm. Investors were told they would earn a return by investing in government bonds, stocks or real estate projects. However,…

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