Legal firm offers solutions for investors impacted by Marat Likhtenstein’s detention

MDF Law, a law firm specializing in securities and investor protection with locations in New York and California, has announced its intention to assess potential recovery claims for investors affected by the recent legal actions surrounding former financial advisor Marat Likhtenstein.

Likhtenstein, formerly operating out of Brooklyn, New York, is currently facing both civil and criminal charges. The U.S. Securities and Exchange Commission (SEC) has brought a civil enforcement action against him, alleging that he illicitly garnered over $4.1 million through the sale of self-issued promissory notes allegedly backed by business projects and real estate assets. The SEC asserts that these representations were false or deceptive and claims that investor funds were misappropriated to pay off previous investors and cover personal expenses, indicative of a Ponzi scheme.

Simultaneously, the Kings County District Attorney’s Office has indicted Likhtenstein on criminal charges such as grand larceny, fraud schemes, and violations of New York’s General Business Law. Prosecutors claim that he acquired over $1.2 million from at least ten investors by providing misleading information regarding investment prospects and promised returns.

While criminal and regulatory actions are essential for addressing breaches, they do not automatically compensate affected investors for their financial losses. Often, the path to recovery necessitates separate legal actions through either FINRA arbitration or civil litigation. FINRA arbitration is frequently utilized as a means of resolving disputes between investors and brokerage firms, offering a structured process for seeking monetary reparations.

MDF Law is extending complimentary and confidential consultations to individuals who have invested in promissory notes, private placements, or other investment vehicles linked to Likhtenstein or associated entities. Certain investor claims may be subject to time constraints, including statutes of limitations and FINRA eligibility criteria.

Specializing in representing investors across the country in cases of securities fraud, financial advisor misconduct, FINRA arbitration, and complex investor protection matters, MDF Law is dedicated to ensuring accountability, regulatory adherence, and financial recovery for impacted investors.

Investors who suspect they have incurred losses due to Likhtenstein’s activities or related investments are urged to reach out to MDF Law for a confidential consultation. The law firm operates on a contingency fee basis, meaning there are no initial costs or legal fees unless a recovery is secured. MDF Law will assess potential FINRA arbitration or civil claims at no charge, laying out legal options clearly and discretely.

Given the potential time limitations on certain investor claims, swift action is advised. MDF Law maintains offices in New York and California and represents victims nationwide in cases involving cryptocurrency fraud, data breach litigation, and investment disputes.