Sonn Law Group is investigating claims regarding James Frederick Van Doren (CRD #5048067, Long Island City, New York), who has been named a respondent in a FINRA complaint alleging that he participated in a scheme to defraud a business associate’s creditors and creditors of the associate’s company by concealing the associate’s funds from the creditors and allowing the associate to improperly use the money for the associate’s personal benefit. FINRA’s complaint alleges that Van Doren retained some funds to cover losses incurred by his outside business, Epsilon Investments, LLC, through its investments with the associate and the associate’s business. Van Doren has pled guilty in U.S. District Court for the Western District of Arkansas to one count of money-laundering for depositing a check from the associate into Van Doren’s account and wiring funds to an account the associate controlled. See FINRA Case #2013036707101.
Van Doren was registered with Barclays Capital, Inc. (September 2008-October 2010) and Citigroup Global Markets, Inc. (February 2011-April 2013). Van Doren was a fifty-percent owner of Epsilon, which he formed to invest in Arkansas real estate, according to FINRA’s Complaint. Van Doren’s CRD also states that he was a passive investor with RV Ventures, LLC, a Fayetteville, AR, real estate investment company, and Lombardy Investments, also real estate-related but located in Memphis, TN.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Barclays Capital or Citigroup may be liable for investment or other losses suffered by Van Doren’s customers.
If you were a client of James Van Doren, Barclays Capital, or Citigroup, and have suffered investment losses or financial irregularities, please contact Sonn Law Group to explore your legal options. Sonn Law Group is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies. To learn more, please call us at 844-689-5754 or complete our “contact form.”