{"id":11300,"date":"2024-01-05T10:03:51","date_gmt":"2024-01-05T15:03:51","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=11300"},"modified":"2024-01-05T10:03:51","modified_gmt":"2024-01-05T15:03:51","slug":"silver-law-group-investigates-investor-losses-in-location-ventures-llc-and-rishi-kapoor","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/silver-law-group-investigates-investor-losses-in-location-ventures-llc-and-rishi-kapoor\/","title":{"rendered":"Silver Law Group Investigates Investor Losses In Location Ventures, LLC And Rishi Kapoor"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10372 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg\" alt=\"The SEC has filed a complaint against property developer Rishi Kapoor, his companies Location Ventures, LLC (LV), URBIN, LLC (URBIN) and multiple subsidiaries in relation to a $93 million fraud. In the petition, the SEC requested emergency relief, including the freezing of five bank accounts and properties to preserve assets and prevent them from being lost.\n\nKapoor and the accused defendant companies purportedly financed their enterprise by presenting &quot;passive investment chances&quot; in Location Ventures and Urbin, alongside other initiatives. The SEC disagrees and indicates that this claim is false, and that Kapoor gave investors pro forma budgets with devalued costs that showed higher returns while suppressing information on the real costs. He ordered his employees \u201cto revise or remove financial data from reports and meeting minutes, and, in some instances, continued to use the pro formas to raise additional capital,&quot; according to the complaint.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>The SEC has <a href=\"https:\/\/www.sec.gov\/news\/press-release\/2024-2\" target=\"_blank\">filed a complaint<\/a> against property developer Rishi Kapoor, his companies Location Ventures, LLC (LV), URBIN, LLC (URBIN) and multiple subsidiaries in relation to a $93 million fraud. In the petition, the SEC requested emergency relief, including the freezing of five bank accounts and properties to preserve assets and prevent them from being lost. <a href=\"https:\/\/www.silverlaw.com\/blog\/silver-law-group-investigates-investor-losses-in-location-ventures-llc-and-rishi-kapoor\/#more-11300\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SEC has filed a complaint against property developer Rishi Kapoor, his companies Location Ventures, LLC (LV), URBIN, LLC (URBIN) and multiple subsidiaries in relation to a $93 million fraud. In the petition, the SEC requested emergency relief, including the freezing of five bank accounts and properties to preserve assets and prevent them from being [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[],"class_list":["post-11300","post","type-post","status-publish","format-standard","hentry","category-investment-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Silver Law Group Investigates Investor Losses In Location Ventures, Rishi Kapoor<\/title>\n<meta name=\"description\" content=\"The SEC filed a complaint against developer Rishi Kapoor, his companies Location Ventures, URBIN, and others for a $93 million fraud.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/silver-law-group-investigates-investor-losses-in-location-ventures-llc-and-rishi-kapoor\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Silver Law Group Investigates Investor Losses In Location Ventures, Rishi Kapoor\" \/>\n<meta name=\"twitter:description\" content=\"The SEC filed a complaint against developer Rishi Kapoor, his companies Location Ventures, URBIN, and others for a $93 million fraud.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. 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