A former Massachusetts assistant attorney general, his business partner and their company face a purported class action filed in Massachusetts Superior Court for funneling investors to a man charged with running a Ponzi scheme.
The case, Sherter v. RossFialkow Capital Partners LLP, was filed on May 10 in Suffolk County Superior Court. It claims that attorney Jay Fialkow, businessman Jeffrey Ross and their Newton, Mass., brokerage and investment banking company, RossFialkow Capital Partners LLP, solicited the plaintiffs and other clients to invest with alleged Ponzi scheme operator Richard Elkinson, in violation of the Massachusetts Uniform Securities Act.
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