SEC obtains final judgement against Conrad Coggeshall
According to a litigation release on December 27, 2022, the Securities and Exchange Commission has entered final judgment by default against Conrad Coggeshall in its case that alleged Coggeshall fraudulently raised $700,000 from elderly investors.
The regulator filed a complaint against Coggeshall on March 20, 2020, alleging that, between April 2017 and May 2018, Coggeshall defrauded elderly investors out of $700,000 in a company he called BOTR, LLC also known as Business Owners Tax Relief.
According to the complaint, Coggeshall allegedly made multiple misrepresentations to investors, including that they were investing in BOTR, LLC, a successful mergers and acquisition firm based in New York, their investments were safe and insured, and they would receive periodic interest payments at a high, fixed rate.
According to the SEC’s complaint, Coggeshall purportedly deposited investors’ funds into brokerage and bank accounts in the name of an entity that he owned and that reportedly did not engage in mergers or acquisitions.
Further, Coggeshall allegedly used investor funds to trade securities, incurring significant losses, and to pay personal expenses and to make payments to investors.
According to his FINRA BrokerCheck profile, Coggeshall was reportedly affiliated with the following firms during his career:
06/22/2015 – 01/12/2018, PACKERLAND BROKERAGE SERVICES, INC. (CRD#:37031), Scottsdale, AZ,
B, 01/08/2014 – 06/19/2015, USA FINANCIAL SECURITIES CORPORATION (CRD#:103857), PEORIA, AZ
B, 03/29/2002 – 12/31/2013, CETERA ADVISOR NETWORKS LLC (CRD#:13572), SCOTTSDALE, AZ
Coggeshall reportedly has three customer complaints filed against him. Allegations include “fraudulent and unsuitable investments,” among others. FINRA reportedly barred Coggeshall in May 2020.
Investigating Potential Claims
The White Law Group continues to investigate potential securities claims involving Conrad Coggeshall and the liability his employers may have for failing to supervise him. to learn more about the investigation, please see: Conrad Coggeshall, Packerland, Securities Fraud Investigation
Packerland Brokerage Services and all broker-dealers have a responsibility to adequately supervise its employees. They must ensure the necessary procedures and systems to detect misconduct. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
If you suffered investment losses with Conrad Coggeshall and Packerland Brokerage Services, please call the securities fraud attorneys at The White Law Goup at 888-637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington.
For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.Tags: Business Owners Tax Relief complaints, Business Owners Tax Relief lawsuit, Conrad Coggeshall complaints, Conrad Coggeshall fraud, Conrad Coggeshall investigation, Conrad Coggeshall lawsuit, Conrad Coggeshall Packerland Brokerage Services, Conrad Coggeshall SEC, Conrad Coggeshall securities fraud, Conrad Coggeshall BOTR, Conrad Coggeshall FINRA Last modified: December 27, 2022