PIWM

ChapmanAlbin represented investors from Northern California and Wilmington, North Carolina in two separate actions in the now-notorious “Private International Wealth Management” (“PIWM”) scheme, masterminded by Nikolai Battoo.  In one case, ChapmanAlbin sued a national brokerage firm for failing to supervise its employee, Dennis Edmonds, who told customers their money would be safe at PIWM and would produce high rates of return.  In the other case, ChapmanAlbin sued a different national brokerage firm for failing to supervise its broker, Ellwood Jones, for similar misconduct. To date, ChapmanAlbin has recovered $5,050,000 for investors of the PIWM investment scheme.

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