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Written by 2:17 pm Blog, Investment Loss Recovery

EcoVest Total Return Fund Securities Investigation

EcoVest Total Return Fund Securities Investigation, featured by Top Securities Fraud Attorneys, The White Law Group

EcoVest Total Return Fund Conservation Easement Investment

Are you concerned about your investment in EcoVest Total Return Fund? If so, the securities attorneys at The White Law Group may be able to help you.

The White Law Group is investigating potential claims against sales agents selling conservation easements (tax shelter land deals) such as EcoVest Total Return Fund, to unsuspecting investors.

These syndicated conservation easements are sold through both independent broker-dealers and directly by attorneys and CPAs who create the syndications, according to industry observers.

According to reports, EcoVest Capital is currently embroiled in a lawsuit in which the federal government alleges that the company exploited these conservation easements by allegedly over-inflating property appraisals.

The company filed a form D to raise capital from investors in 2018 with the offering EcoVest Total Return Fund. The total offering amount was $50,000,000 and the sales commissions and fees were estimated to be 10% of the offering amount, according to the SEC filings.

Syndicated conservation easements are private placements that promise tax deductions possibly worth four to four-and-a-half times a person’s investment. That means an investor could hypothetically turn a $100,000 investment into $400,000 or more of tax deductions.

The IRS has seen abuses of this tax provision and it is currently investigating taxpayers who are using questionable appraisals, and taking inappropriately large deductions for easements. Investors who received charitable contribution deductions of more than 2.5 times their investment will possibly be audited, and hit with a revised tax bill.

Free Consultation with a Securities Attorney

If your sales agent recommended an investment in EcoVest Total Return Fund and you are concerned about investment losses, The White Law Group may be able to help you.

Broker dealers must conduct adequate due diligence on any investment they recommend and ensure that all recommendations suit the investor. Recommendations should consider the investor’s age, risk tolerance, net worth, and investment experience. If broker dealers fail to disclose risks adequately or make unsuitable investment recommendations, investors can hold them liable for investment losses in a FINRA arbitration claim.

To speak to a securities attorney about the potential to recover your investment losses, please call The White Law Group at 1-888-637-5510 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. To learn more about The White Law Group visit www.whitesecuritieslaw.com.


Tags: , , , , , , , , Last modified: July 12, 2023