Close
Updated:

CRL Management, Charles R. Langston III Investors Could Recover Losses

Investment fraud lawyers are currently investigating claims on behalf of investors who suffered significant losses as a result of doing business with CRL Management LLC and Charles R. Langston III. Langston, a hedge fund manager, conducts business with Miami-based CRL Management. In October, a lawsuit was filed against both he and the firm, alleging fraudulent solicitation of more than $14 million in investor funds.

Allegedly, Langston made material misrepresentations about the nature of the fees, commissions and/or investments. Furthermore, he allegedly claimed that he would invest several million dollars of personal funds in an investment vehicle. According to the claim, CRL Management and Langston misrepresented an investment vehicle they were promoting. In addition, it was allegedly not registered with the Securities and Exchange Commission.

Securities arbitration lawyers say that as a result of the actions of CRL Management and Langston, one investor lost more than $3.5 million. In addition, it cost the investor more than $1 million in commissions and fees. Furthermore, a recent arbitration award from the Financial Industry Regulatory Authority ordered CRL Management to pay $1,312,949.31 for breach of contract.

According to investment fraud lawyers, the SEC announced on December 4, 2013 that it had filed a civil injunctive action for conducting illegal short sales in the securities of three companies — as well as insider trading in a different company — against Langston and his business entities. Allegations in the lawsuit include engaging in illegal short sales of equity securities prior to a public offering during a restricted period, the purchase of those same securities during the public offering and acquiring illegal profits of almost $200,000 gained by trading on inside information.

If you’ve suffered significant losses as a result of doing business with CRL Management LLC and/or Charles R. Langston III, you may be able to recover your losses through securities arbitration. To find out more about your legal rights and options, contact a securities arbitration lawyer at Law Office of Christopher J. Gray, P.C. at (866) 966-9598 for a no-cost, confidential consultation.

Contact Us