EcoVest Capital Losses Lawyers Based in New York
Atlanta firm EcoVest Capital made use of conservation easement investment programs to amass a large sum in tax deductions. Tax deductions from such schemes can be worth up to five times of the original investment amount, allowing the firm to generate a profit under the misleading guise of a conservation easement. If you have suffered unexpected losses from a conservation easement investment program by EcoVest Capital, you have legal options.
Our attorneys at Weltz Law can assist you with the legal process from start to finish. Begin your case by calling us at (877) 905-7671 today.
What Is EcoVest Capital?
A conservation easement can be applied for to permanently limit the use of a particular plot of land for development purposes. This is to preserve the land for future generations and is a legally binding agreement. However, what some firms like EcoVest Capital has done is to find an appraiser who declares that the land has huge developmental value and potential and as a result, is worth much more than its purchase price. Stakes are then sold to investors and huge tax deductions are obtained because the land is under a conservation easement. According to the Justice Department, EcoVest Capital has been involved in 51 conservation easement deals since 2009 and has generated $1.7 billion in tax deductions.
Proving EcoVest Capital Losses
If you have invested in conservation easement deals from EcoVest Capital, you may have been misguidedly persuaded or pressurized to do so by your broker. Conservation easement deals are private placements, and although the responsibility to conduct due diligence always lies on the broker, it is doubly important in private placements as little to no public information is available. Whether deliberate or unintentional, your broker’s failure to conduct due diligence could be the reason you invested in EcoVest Capital conservation easement deals and suffered an unmitigated loss. If so, you have legal recourse to recover your losses. All investments recommended to you should be suitable for your age, risk tolerance, financial goals, and investment profile.
Recovering Damages from EcoVest Capital Losses
If you have suffered unexpected losses from EcoVest Capital conservation easement deals, one legal option open to you is a private customer dispute arbitration claim under FINRA. In order to navigate the procedure smoothly and maximize the recovery you receive, getting an experienced securities arbitration attorney on your side is in your best interests. Our attorneys at Weltz Law have a collective experience of over 30 years in securities arbitration and can represent you to help maximize your claim.
We Represent Clients Nationwide. Contact Our Attorneys to Begin Your Case Today!
Have you suffered an undue loss from EcoVest Capital conservation easement deals? If so, let Weltz Law help you explore your legal options, starting with FINRA arbitration representation. When you engage our services, our knowledgeable attorneys will be there through every complicated legal procedure. Under certain circumstances, we operate on a contingency basis, where you do not pay any fees unless a positive recovery has been made. Contact us to see if you're eligible.
You can reach Weltz Law at (877) 905-7671 or via the form online to schedule a meeting regarding your EcoVest Capital case.
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