Medical Capital Holdings
The U. S. Securities and Exchange Commission (SEC) has accused Medical Capital Corporation (MCC), Medical Capital Holdings, Inc (MCHI) and Medical Provider Funding Corporation VI (MP VI) (collectively, "Medical Capital") of securities fraud. Specifically, the SEC has alleged in a lawsuit that Medical Capital defrauded investors by misappropriating about $18.5 million of investor funds and by misrepresenting that no prior Medical Capital securities offerings had defaulted on or been late in making payments to investors of principal and/or interest. According to the court-appointed receiver's report, the fraud could be even greater.
Blum Law Group is pursuing claims against the selling brokerage firms for negligence, negligent misrepresentations and omissions, and breach of fiduciary duty. Our investigation includes potential claims against brokerage firms such as Securities America, National Securities Corporation, Next Financial, Capital Financial Services, Workman Securities, and QA3 Financial Corporation.