HOUSTON, May 22, 2012 (GLOBE NEWSWIRE) -- Lawyers with the Securities Law Firm SHEPHERD SMITH EDWARDS & KANTAS LLP, www.sseklaw.com, have successfully recovered on behalf of investors in A & O Resource Management, and are investigating and pursuing claims for other investors. A & O Resource Management, along with a number of other affiliated companies including A & O Life Settlements, were used as part of a massive fraud scheme, resulting in two of the principals behind the scheme being sentenced to lengthy prison terms. This scheme resulted in devastating losses to many investors.
The bonds marketed by A & O were sold as fixed-maturity investments that had guaranteed minimum annual returns of 10 or 12%. The scheme specifically targeted retired and older individuals, claiming the investments were a safe method to preserve and grow retirement assets. Investors were not told the multitude of risks associated with this type of investment. Although the company itself is currently in receivership, and therefore claims against A & O directly cannot be easily made, many investors purchased these products through a broker. If that broker did not adequately explain the risks of the investment, he or she can often be held responsible for the inappropriate investment.
If you were invested in an A & O product and lost money, you could be entitled to a recovery. However, these claims are nearing the legal time limits within which they can be filed. Contact Shepherd Smith Edwards & Kantas LLP for a free, no obligation consultation to evaluate your losses.
Shepherd Smith Edwards & Kantas LLP has a team of attorneys, consultants and staff with more than 100 years of combined experience in the securities industry and in securities law. Since 1990, we have represented thousands of investors nationwide to recover losses. We have represented clients in Federal and state courts and in arbitration through the Financial Industry Regulatory Authority (FINRA), the New York Stock Exchange Inc. (NYSE), the American Arbitration Association (AAA) and in private arbitration actions. Collectively, we have represented over 1,000 investors over the last 18 years in negotiation, mediation, arbitration and litigation.