Sonn|Erez Pursuing Claims for Investor Losses in Hennessey Financial Monthly Income Fund, LP, Also Known as True North Fund and Capital Solutions Monthly Income Fund, LP
Sonn|Erez is litigating several claims against NFP Securities, Inc., for investor losses in the Hennessey Financial Monthly Income Fund, LP, also known as the True North Fund and the Capital Solutions Monthly Income Fund, LP ("Hennessey Fund"). Represented to investors as offering a 12% annual return, the Hennessey Fund was a high risk and unsuitable unregistered hedge fund that was involved in risky real estate loans. When the underlying real estate investments went sour, the Hennessey Fund became nothing more than a Ponzi scheme, whereby old investors in the Hennessey Fund were being paid by new investors, as charged by the SEC.
NFP Securities brought in the majority of the investors for the Hennessey Fund. Sonn|Erez has filed multiple claims on behalf of investors who purchased the Hennessey Fund at the recommendation of NFP Securities' brokers Andrew Rosenberg and Stuart Horowitz of Andrew Stuart Asset Management, located in Coral Springs, Florida. SEC litigation has revealed that other investors purchased the Hennessey Fund from financial professionals, including Charley Thompson, Jeffrey Gardner, Daryl Calton of Calton & Associates, David Dyer of Alliance Affiliated Equities, Luke Westerman, David Moore, Jay Edwards of NFP Securities, William Prewitt of Charleston Financial Advisors, LLC, and Daniel Lodes of JW Cole. Investors also have alleged that they purchased the Hennessy Fund after learning about it from Mark Williams, a family accountant, as well as Timothy Redpath of Capital Solutions and Michael Bozora, both of whom are defendants in the SEC litigation.