On November 12, 2019, Scott Silver of the Silver Law Group and co-counsel filed a lawsuit in the Northern District of Florida against Phillip Timothy Howard (Tim Howard), a Tallahassee, Florida attorney and investment fund manager, based on claims that Howard defrauded an investor of more than a half-million dollars as part of a real estate fraud scheme.
The suit alleges (1) violation of the federal civil Racketeer Influenced and Corrupt Organizations Act (RICO); (2) fraud in the inducement; (3) breach of fiduciary duty; (4) negligent misrepresentation; and (5) unjust enrichment.
The suit centers around false statements Howard and his associate Gail Milon made to induce a retired Florida State University professor to loan him money for a real estate project. It is alleged that in reality, Howard was no longer involved in the real estate deal and in fact pocketed the funds and used them to operate his other endeavors, which are also believed to be fraudulent. Despite numerous promises to return the funds, Howard never did so.
Tim Howard is Already Under Scrutiny for Other Fraudulent Schemes
Howard is already under scrutiny for his role in creating, owning, and operating Cambridge Capital Group, Cambridge Capital Partners, Cambridge Capital Advisors, and many other entities with similar “Cambridge” names.
Howard is currently the defendant in another lawsuit brought by the Securities and Exchange Commission (SEC) in the Northern District of Florida which alleges that Howard perpetrated an investment fraud scheme against former NFL players. The SEC alleged that Howard and his associates (one of whom—Don Reinhard—is currently in prison), promised “advancements” of funds to plaintiffs in the NFL concussion class action litigation in the Eastern District of Pennsylvania. To pay for these “advances,” Howard convinced the NFL plaintiffs to invest their retirement savings in his Cambridge investment fund, but then “advanced” that money to other investors—a classic Ponzi scheme. One of Howard’s NFL clients has already filed suit against him in Leon County, Florida.
In addition, Tim Howard and his law firm, Howard & Associates, P.A., are the defendants in a lawsuit brought by another Florida lawyer arising out of fraudulent practices relating to Engle tobacco litigation. Howard was also the subject of multiple Florida Bar Complaints for the same. To bring things full-circle, a Palm Beach County judge recently placed some of Howard’s Engle fees in trust because Howard allegedly defaulted on a loan for which he pledged the fees as collateral.
Silver Law Group Is Investigating Multiple Other Claims Against Tim Howard
It seems that Howard’s alleged misdeeds have caught up to him. Unfortunately, this means that anyone who invested or loaned money with Howard or Cambridge faces an uphill climb to recover their funds. Nevertheless, the Silver Law Group is investigating claims against Tim Howard and his “Cambridge” companies.
If you or someone you know lost money with Phillip Timothy Howard or his companies, please contact the Silver Law Group toll free at (800) 975-4345 or e-mail firstname.lastname@example.org for a confidential consultation. Our attorneys represent investors nationwide for claims of breach of fiduciary duty, malpractice, fraud and other claims.