Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
Soreide Law Group is currently reviewing potential investor claims involving possible sales practice violations committed by securities brokers and financial advisors. One product under review is VERSITY CLEMSON INCOME NOTES LLC, a private placement investment tied to real estate ventures. Recent reports have raised serious concerns about how this product was marketed and managed. Below is an overview of the investment, the issues that have surfaced, and what options investors may have to pursue recovery.
VERSITY CLEMSON INCOME NOTES LLC was offered as a private placement designed to raise capital for real estate projects. The offering was issued by Versity Investments LLC, which has since rebranded as Crew Enterprises. Like other Regulation D offerings, it was intended for accredited investors who could accept the higher risks associated with alternative investments. These notes were marketed as an income-producing investment but carried characteristics typical of private placements, such as limited liquidity and complex structures.
The investment has been linked to troubling allegations in litigation filed against Crew Enterprises and certain executives. The complaint claims that more than $56 million of investor money was misused, including being diverted to unrelated deals or for personal benefit. Beyond these allegations, private placements like VERSITY CLEMSON INCOME NOTES LLC are inherently high risk, often come with steep sales commissions, and are difficult to sell once purchased. These factors can expose investors to greater losses than they may have anticipated when agreeing to the investment.
Financial professionals are required to perform due diligence and recommend only investments that align with their clients’ goals, experience, and risk tolerance. Problems arise when advisors fail to disclose the risks of illiquid offerings, exaggerate potential benefits, or steer clients into products that are unsuitable for their circumstances. In such cases, investors may have grounds to bring claims through FINRA arbitration or other legal avenues to seek compensation for their losses.
Did you experience losses because of investing in VERSITY CLEMSON INCOME NOTES LLC because of your financial advisor or securities broker? If so, reach out to Soreide Law Group online or at (888) 760-6552 and speak with a securities attorney about the possibility of recovering your investment losses. Soreide Law Group has represented investors across the country and works on a contingency fee basis, advancing all costs on behalf of its clients.
Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
William Tunink (CRD: 2738224) settled a customer claim for $299,000 on August 11, 2026, according to his BrokerCheck report. The customer alleged that he obtained loans from the customer, and that some of the money went into an investment.
Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
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