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Maumee Authority Stamping Jobs-for-Investments Program

by anonymous

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Cleveland attorney Alan Rosca is investigating the “jobs-for-investments” program promoted by Maumee Authority Stamping, a now-defunct auto part – stamping plant in Maumee.  The investigation concerns whether the Maumee investment program was conducted in accordance with the securities laws, and whether the Maumee investors became the victims of sales practices that violated the securities regulations.

Investigation by securities attorney Alan Rosca established that, during  2008, Maumee Authority Stamping, through its principals and outside financial professionals, organized and promoted an investment program that offered job applicants the opportunity to secure a job with Maumee in exchange for, typically, a $16,000 investment.

Attorney Rosca has determined that the Maumee investment program was not registered with the federal securities regulators.  ”Securities offerings must be registered or otherwise qualify for an exemption,” said attorney Rosca.  ”It appears a number of investment professionals have assisted in the promotion of the Maumee program, despite its lack of registration,” said attorney Rosca.

In the end, many Maumee investor-employees lost both their jobs and their investments.

Attorney Rosca is preparing to take action on behalf of Maumee investors against financial industry members that assisted in the promotion and sale of the Maumee program in violation of their duties.  Investors who lost money in the Maumee program may contact attorney Rosca for a free consultation at 216-570-0097.

Disclaimer: Our clients will not be responsible for the payment of litigation-related costs if they do not recover, whenever permitted by the applicable jurisdiction's rules. Some jurisdictions mandate that the client always pays the case expenses. This page may be deemed to be attorney advertising. We handle financial fraud cases in most states. However, our firm's lawyers are not admitted to practice law in every state. Attorney Joe Peiffer is licensed to practice law in Louisiana. Attorney Alan Rosca is licensed to practice law in Ohio. In those jurisdictions in which our firm's lawyers are not admitted to practice, we will associate co-counsel from the relevant jurisdiction to assist with the matter, at no additional cost to our clients. In cases where we associate with local co-counsel, we will typically act as primary counsel. Occasionally, it is possible that the co-counsel will take the leading role. Whenever that is the case, we will obtain the client's advance, written permission. Each case is different and prior successes are not indicative of future results. Although our lawyers have experience handling various types of cases, none has be certified as an expert or specialist in any area of the law by any accrediting or licensing authority or by any bar association. Please visit and go to Legal Disclaimer for important disclaimers.

The Maumee Authority Stamping Investor Center is a resource for investors who invested money in the “Maumee Authority Stamping” offering organized by Keith Obey.

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