Paul Creager Indicted for Wire Fraud
Have you lost money investing with Paul Creager and Everett Builders, based in Missouri? On August 9, 2017, Paul Creager was indicted for wire fraud by the U.S. Attorneys’ Office in the Eastern District of Missouri in St. Louis. Creager was alleged to have defrauded two individuals out of over $700,000. Israels & Neuman currently represents an investor who was defrauded by Paul Creager and his company, Everett Builders.
Israels & Neuman, PLC previously filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against National Planning Corp. on behalf of an aggrieved investor. The arbitration claim or complaint was filed in St. Louis, Missouri.
The claim alleges that the investor’s accounts were serviced by one of National Planning Corp.’s former advisors in the St. Louis area, William A. Glaser. The claim alleges that Bill Glaser recommended that this elderly investor invest money in a purported real estate investment with Everett Builders and Paul Creager.
The claim further alleges that the money was simply part of a Ponzi scheme run by Creager, and that Glaser failed to adequately disclose the risks of investing in Everett Builders to the investor. The claim also alleges that National Planning Corp. failed to adequately supervise William Glaser and these transactions.
Since the claim was filed, multiple news sources in St. Louis have covered stories about this case, including:
- The St. Louis Post Dispatch (written by Robert Patrick) – http://www.stltoday.com/business/local/navy-veteran-loses-after-broker-convinces-him-to-lend-life/article_5c0b8660-c19a-5ea8-829a-216421e6730f.html; and
- KSDK Channel 5 NBC News (written by Casey Nolen) – http://www.ksdk.com/news/local/navy-veteran-scammed-out-of-life-savings/456651408
Attorney David Neuman, who represents the investor, was quoted in both stories. Since the filing of this complaint, William Glaser was terminated by National Planning Corp. Moreover, William Glaser is believed to be under investigation by multiple regulators, including the FBI and FINRA (the Financial Industry Regulatory Authority).
As of August 9, 2017, Israels & Neuman is the only law firm that has filed a claim or complaint related to William Glaser and his recommendations to invest in Everett Builders and Paul Creager.
Israels & Neuman, PLC is a securities arbitration and investment fraud law firm with offices in Denver; Ann Arbor, Michigan; and the Seattle area and has litigated numerous cases St. Louis, Missouri. Its attorneys have represented over 1,000 investors in cases to recover investment losses due to the actions or inactions of their advisor or brokerage firm, including previous cases against National Planning Corp. All of the firm’s arbitration cases are taken on a contingent fee basis, meaning you do not pay unless money is recovered for you.
If you have lost money investing with William Glaser or National Planning Corp., please CONTACT US for a free evaluation of your case. Our attorneys will personally discuss all of your rights as an investor and the remedies you have related to your losses.
Click to view: Docket Report 8.12.17
Click to view: Indictment – Creager
For more information, please call 720-599-3505, or visit www.israelsneuman.com
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.