June 3, 2015
Carlton Cabot, 52, of Stamford, Connecticut and Timothy Kroll, 42, of New Hope, Pennsylvania, were named in a criminal complaint accusing them of of misappropriating funds from Cabot Investment Properties, the company they formerly headed, according to the Courthouse News Service.
According to the release, Cabot and Kroll used investor’s money as their personal piggy bank , using millions to finance children’s college tuition, purchase luxury cars and apartments in Manhattan and Florida. They face charges of securities fraud, wire fraud and money laundering.
Cabot Investment Properties sold various TIC (Tenant in Common) properties through various broker dealers nationwide. Those investments included:
- 20 North Orange
- 465 Cleveland Ave.
- 550 Polaris
- Addison Corporate Center
- Ashtabula Mall
- Central Station
- Corporate Center
- Cypress Creek Tower
- Dad eland Towers North
- East Town Mall
- Falls Point
- First Tennessee Plaza
- Multi Tenant Office-Jackson Michigan
- North Park
- North University Drive
- Oak Grove Plaza
- Old National Bank
- Polaris Parkway
- Trafalgar, Avion
- Turfway Ridge I & II
- Village Shoppes at Creekside
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Nationwide Representation
TollFree: 877-224-3199
Florida-561 391 1900
Texas-512-329-2870
