March 10, 2016-Norman, Oklahoma
The Oklahoma Securities Commission entered a permanent injunction against 2001 Trinity Fund LLC and Robert Arrowood, of Norman, OK, who was accused of operating a Ponzi scheme, banning him from selling securities in the state.
Arrowood, an oilman, operated Trinity Resources, Inc. agreed to the ban and in exchange the Oklahoma Department of Securities dropped its claims of fraud against him and closed the civil case which claimed Arrowood had defrauded Utah, Missouri, Texas and Florida investors in the 2001 Trinity Fund out of $4 million. The regulators alleged Arrowood and his wife, Cathy spent the money on vacations to Las Vegas and the Bahamas as well as jewelry, clothing and motorcycles.
The 2001 Trinity Fund filed for bankruptcy in 2009 claiming debts in excess of $21 million vs. $10.9 million in assets.
If you have suffered losses in an oil and gas investment that you purchased at the recommendation of a stockbroker, call to discuss how you may be able to collect damages from the broker’s employer.
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.
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