In another transaction, John Thomas CEO, Anastasios (Tommy) Belesis, of John Thomas Financial, reportedly mismanaged a start-up company marketing software to help police find missing children.
Allegedly, John Thomas Financial pocketed or threw away nearly half of $13 million raised for the company, AMBER Ready. Belesis reportedly hijacked the company’s development program, giving consulting contracts to his friends and political allies. After 12 years, the start-up company is an empty husk with no product in sight. AMBER Ready (AMBER stands for Americas Missing: Broadcast Emergency Response) began with noble intentions.
Belesis’ John Thomas Financial units reportedly booked nearly $2.24-million in fees for arranging loans–which carried interest rates of 18% and 20%–and private placements. They allegedly took in $15,000 a month in consulting fees for providing Amber Ready business advice.
After an equity-capital raise in the summer of 2009, Belesis was instrumental in an AMBER Ready promotional concert at ABC Studios in New York’s Times Square, at a cost of $2-million. A lawsuit was launched alleging that more than $475,000 was spent on public relations–with $354,000 allegedly unpaid.
If you were a client of Anastasios “Tommy” Belesis, and/or his firm, John Thomas Financial, you may have a potential claim for recovery. Call Soreide Law Group for a free consultation with an attorney: 888-760-6552
One or more investors possibly experienced losses because of securities broker Scott Jason Hechler [CRD: 5277526, Garden City, New York], based on public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Hechler has worked for Spartan Capital Securities LLC since May 15, 2023. Previously, he worked at SW Financial from December 10, 2019 […]
Investors potentially experienced sales practice violations due to securities broker Rodger Anthony McAlister [CRD: 2676623, Louisville, Kentucky], according to disclosures on FINRA BrokerCheck. Evidently, McAlister has worked for Money Concepts Capital Corp since December 12, 2005, and for Money Concepts Advisory Service since March 12, 2007. Read below to learn more about McAlister’s disclosures and […]
Investors apparently complained about securities broker Paul N. Lekousis [CRD: 2545673, La Grange Park, Illinois], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Lekousis has worked for OneAmerica Securities Inc. since October 16, 2023, in Indianapolis, Indiana, and since November 30, 2023, in La Grange Park, Illinois. Previously, he […]
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