Search Our Blog

Shustak Reynolds & Partners Speaking to Ventures Trust II Investors

By George Miller of Shustak Reynolds & Partners, P.C. posted on Friday, March 29, 2013.

Shustak Reynolds & Partners, P.C. announces that it has been retained to represent several individuals in connection with the Ponzi scheme fraud allegedly perpetrated by PAUL TABET, his wife,JENIFER TABET and former Oregon politician CRAIG BERKMAN. PAUL TABET and CRAIG BERKMAN purportedly managed venture capital fund VENTURES TRUST II which, they claimed, had special access to pre-IPO shares in high-tech companies about to go public, including Facebook and others.

An SEC investigation, which lead to the arrest of CRAIG BERKMAN in Florida and initiation of cease and desist proceedings, found that between October 2010 and September 2012, Berkman fraudulently raised at least $13.2 million from approximately 120 investors by selling membership interests in limited liability companies that he controlled. According to other reports,PAUL TABET allegedly co-managed venture capital fund VENTURES TRUST II with Berkman and raised more than $3 million from investors mostly in the Encinitas and San Diego area. The SEC previously issued subpoenas for financial records from PAUL TABET and his wife JENIFER TABET in connection with its investigation.

Please contact Erwin Shustak, our Managing Partner, for more information and to discuss our firm’s possible representation of you. Erwin can be reached at 619.696.9500 or [email protected].

Share This Article linkedin