A.G. Morgan Financial and Vincent Camarda Charged by SEC  

Fraud

On June 10, 2022, the SEC announced that it filed a securities fraud complaint against A.G. Morgan Financial, Vincent Camarda and James McArthur related to Par Funding (also known as Complete Business Solutions Group, Inc).   If you or someone you know invested in Par Funding, please contact attorneys Marc Fitapelli or Jeffrey Saxon for a free and confidential consultation by calling 800-767-8040.

Fast Facts About the Case

  • The SEC’s case involves investments in AGM Funds, including AGM Fund I and AGM Fund II. The AGM Funds invested money in an investment called “Complete Business Solutions” or Par Funding. Clients that invested in AMG Funds may not have been aware that their money was invested in Par Funding.

  • Complete Business Solutions Group d/b/a Par Funding was described by Camarda and McArthur as a “factoring company” that made loans to small businesses in exchange for a security interest in the business’s receivables.  Investors were generally offered 12% interest with return of principal after one year.

  • The SEC alleges that Camarda, A.G. Morgan and McArthur misled clients into the nature of the investment.  It also alleged that AGM borrowed approximately $750,000 from Par Funding, which was not repaid. 

  • In July 2020, the Securities and Exchange Commission charged Complete Business Solutions Group d/b/a Par Funding with securities fraud.   According to that complaint, Par Funding and its principals allegedly lied to investors about its business, how investor funds would be used and the criminal history of its owner.  

  • A.G. Morgan sold more than $75 million worth of this investment to more than $200 investors, receiving $7 million in compensation.

Complaint Against A.G. Morgan, Vincent Camarda and James McArthur

https://nypost.com/2020/07/30/convicted-felon-with-family-mob-ties-accused-of-defrauding-investors/

What Should You do If you Invested?

Please contact our law office if you invested in Complete Business Solutions Group d/b/a Par Funding through A.G. Morgan, James McArthur or Vincent Camarda.   We are interested in pursuing arbitration cases against brokerage firms that may be legally liable to investors for money damages.  We undertake these cases on contingency, which means that we are not paid money unless we are successful. Call 800-767-8040 and ask to speak with attorneys Marc Fitapelli or Jeffrey Saxon for a free and confidential consultation.

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