{"id":2975,"date":"2015-08-10T00:00:00","date_gmt":"2015-08-10T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/sec-charges-54freedom-inc-with-securities-fraud\/"},"modified":"2018-10-08T12:41:54","modified_gmt":"2018-10-08T16:41:54","slug":"sec-charges-54freedom-inc-with-securities-fraud","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/sec-charges-54freedom-inc-with-securities-fraud\/","title":{"rendered":"SEC Charges 54Freedom, Inc. with Securities Fraud"},"content":{"rendered":"

The Securities and Exchange Commission<\/a> (SEC) had announced it has charged two individuals and eight companies with fraud in relation to company securities<\/a> and what was described as \u201ccharitable gift annuities.\u201d The complaint was filed in the U.S. district court in Syracuse, New York.<\/p>\n

Allegations of Investment Fraud<\/u><\/strong><\/p>\n

One of the defendants is James P. Griffin, the founder and Chief Executive Officer (CEO) of 54Freedom Inc. (54Freedom). Both Griffin and the company are located in Cazenovia, New York. 54Freedom was initially formed to sell insurance products to Americans with disabilities. However, after several years, the defendants changed the company\u2019s purported business plan to focus on the sale of its charitable gift annuities. Throughout the company\u2019s existence, the SEC claims the defendants provided unrealistic financial projections to prospective investors.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Securities and Exchange Commission (SEC) had announced it has charged two individuals and eight companies with fraud in relation to company securities and what was described as \u201ccharitable gift annuities.\u201d The complaint was filed in the U.S. district court in Syracuse, New York. Allegations of Investment Fraud One of the defendants is James P. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[583],"tags":[500,315],"class_list":["post-2975","post","type-post","status-publish","format-standard","hentry","category-sec-actions","tag-54freedom","tag-securities-fraud"],"yoast_head":"\nInvested in 54Freedom? - Silver Law Group<\/title>\n<meta name=\"description\" content=\"If you invested in 54Freedom, there may be legal remedies available to help your recover, call Silver Law Group today to discuss your options\" \/>\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\/sec-charges-54freedom-inc-with-securities-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Invested in 54Freedom? - Silver Law Group\" \/>\n<meta name=\"twitter:description\" content=\"If you invested in 54Freedom, there may be legal remedies available to help your recover, call Silver Law Group today to discuss your options\" \/>\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. -->","yoast_head_json":{"title":"Invested in 54Freedom? 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