Stoltmann Law Offices is investigating Carlton P. Cabot and Timothy J. Kroll, who are the principals in Cabot tenants-in-common (TIC) investments. The two men were arrested recently for misappropriating more than $17 million of investor money. TICs are individuals who each own a separate and undivided interest in the same real property and each has an equal right to the possession and use of the property. These investments tend to be risky and are not suitable for all investors. Cabot and Kroll allegedly provided false financial reports and other information to investors in Cabot Investment Properties. The men used the money for personal use, such as for expensive cars, rental apartments and school tuition. They also used the funds to fund another TIC investment. They did not disclose the risks associated with these investments, nor did they perform adequate due diligence on them. If you invested money in Cabot TIC Investments, we ask you to please call us at 312-332-4200 to speak to an attorney. We may be able to help you recover your financial losses with them.
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