Articles Tagged with Paul Everett Creager

Were you victimized by financial advisor William A. Glaser, formerly a broker with National Planning Corp, in purchasing Everett Builders LLC related investments?  If so, those investment losses are potentially recoverable against National Planning Corp.  The firm was required to reasonably supervise Glaser’s activities while affiliated with the firm.  Usually there are red flags that should have alerted the firm to his conduct.

A former infirm U.S. Navy veteran lost more than $400,000 after Glaser convinced him to lend his life savings to a home builder involved in a criminal investigation by federal authorities. Glaser had convinced the veteran to sell annuities he owned and rack up $45,000 in surrender charges to invest in two promissory notes with Everett Builders LLC, a company run by Paul Everett Creager. Glaser allegedly had the client liquidate two variable annuities in 2016, costing him $19,000 in surrender charges in order to invest $235,000 in a promissory note with him. The client never reclaimed $263,000, which he was supposed to. Then, in November 2016, Creager had the client sell another annuity, which cost him $23,993 in surrender charges. In all, the client lost $361,000 in the promissory notes and $45,632 in surrender charges and fees.

AdobeStock_9577728-1-300x200It has been reported that Paul Everett Creager’s deception of St. Louis, Missouri investors has cost two of them $724,000. Creager was recently indicted for wire fraud and arrested. Creager was accused of telling investors that his business was worth millions and that his personal net worth was in excess of $1 million. But, a private lender, Financial & Marketing Solutions LLC had lent him more than $3.2 million and had a priority secured position in his real estate developments, his home and his vacation home. Creager then became delinquent to FMS and the company foreclosed and wiped out his two investors who had invested $724,000. One of the investors was a Navy veteran from St. Louis County who lost more than $400,000. There is an ongoing federal criminal investigation related to investments involving Paul Creager and his companies.
Please contact our Chicago and Barrington, Illinois-based law offices today at 312-332-4200 if you or someone you know suffered losses with Mr. Creager. We are securities attorneys who may be able to help you recover your financial losses in the arbitration forum on a contingency fee basis, which means we only make money if you recover yours. The call is free with no obligation so please call today.

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