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If you invested in Northstar Financial Services (Bermuda) Ltd. and suffered investment losses, you may be able to recover your losses against the brokerage firm that sold you the investment in a FINRA arbitration.
The law firms of Silver Law Group & David R. Chase P.A. have formed a strategic alliance to represent Northstar Financial Services (Bermuda) investors in claims against the brokerage firms which sold this investment. Our attorneys have successfully represented numerous Northstar investors both in the United States and internationally. Legal claims against the selling brokerage firms include: negligence, failure to conduct due diligence and fraud, and seek damages for the loss of investment funds, interest and attorneys’ fees.
Northstar Financial Services (Bermuda) Ltd. has pursued chapter 15 bankruptcy and liquidation proceedings and is no longer solvent, thus prospects for a significant recovery for investors are not promising. Its owner, Greg Lindberg, allegedly funneled the off-shore entity’s money into other companies he operated. Northstar was a Segregated Accounts Company regulated by the Bermuda Monetary Authority, and promoted its fixed and variable annuities products as offering segregated account protection, liquidity terms, commitment periods of varying lengths, and the benefits of a Bermuda trust structure.
Certain brokers, securities brokerage firms and investment advisors across the United States strongly recommended their clients invest in Northstar Financial Services (Bermuda) Ltd., causing catastrophic losses. In some cases, brokers touted the Northstar Financial Services investment as a safe, low-risk product similar to a Certificate of Deposit (CD), and offering guaranteed monthly income with principal protection. However, that was not the case and investors, including the elderly and retirees, suffered tremendous life-changing losses as a result of relying upon those investment recommendations.
Northstar Financial Services (Bermuda) Loss Attorney’s
Silver Law Group represents investors who have been the victims of investment fraud. Scott Silver, Esq. is the chairman of the Securities and Financial Fraud Group of the American Association of Justice and represents investors nationwide and abroad in securities investment fraud cases. David R. Chase, Esq. is a former SEC Enforcement Attorney. Please contact Scott Silver of Silver Law Group for a no-cost consultation at?ssilver@silverlaw.com?or toll free at (800) 975-4345.
