Philip Incorvia’s Death Exposes Long Island Ponzi Scheme
In August 2021, Long Island based financial advisor, Philip Incorvia, passed away. Shortly after his death, investors in Jefferson Resources and Vanderbilt Realty came forward to accuse Philip Incorvia of operating a ponzi scheme. The cases against Incorvia and his employer, Henely Wealth, remains pending. Our law office is investigating this matter and invites all investors to call us at 212-203-9300 for a free and confidential consultation.
Jefferson Resources Inc. Used as “Shell Company”
According to our investigation, Philip Incorvia organized various corporations in New York State, which he used to raise money from unsuspecting investors. These entitles included Jefferson Resources and Vanderbilt Realty Investors. Based on our investigation, we believe that both entitles are shell companies and not legitimate investment entitles. If you invested in these entitled based on Phil Incorvia’s advice, you may have been the victim of a fraud. You should seek legal counsel immediately.
Incorvia Was Employed by Henely Wealth In Shoreham, New York
Philip Incorvia was associated with Henely Wealth in Shoreham, New York until August 2021. He was registered with the Long Island based brokerage firm since 2006 and it is believed that he began operating Jefferson Resources and Vanderbilt Realty as frauds shortly after joining Henely Wealth in 2006.
Prior to being hired by Henely Wealth, Incorvia was fined by the NASD and was subject to two customer disputes. It is believed that he began operating Jefferson Resources and Vanderbilt Realty as ponzi schemes shortly after he was hired be Henely in 2006.
Liability of Henely Wealth
If you were a customer of Incorvia and you invested in Jefferson Resources or Vanderbilt Realty, you may be able to recover you investment losses from Henely Wealth. Henely Wealth was responsible for supervising and monitoring Philip Incorvia’s conduct. Based on our investigation, we believe that they may have been negligent in discharging these duties. If you invested in Philip Incorvia’s alleged ponzi scheme, you may be able to seek money damages from Henely Wealth even if you did not maintain an account with the firm. Please call us at (212)-203-9300 for a free and confidential consultation.