Jennifer Williams’ husband has a brand new lawsuit filed by extra alleged fraud victims.
Jennifer Williams‘ husband, Christian Walden, often known as Christian Gold, is a major deal with this season of “Basketball Wives.” Particularly, accusations have been made about him committing fraud and working a Ponzi scheme. Beforehand, City Belle reported that Christian is at present being sued in Cobb County, Georgia, by a number of shoppers. These shoppers allege that Christian defrauded them, stealing the funding cash that they trusted him to take a position. This lawsuit, valued at $125,000, was filed in February of this yr.
A brand new lawsuit has been filed. Legal professional and Blogger Symone Redwine, host of the “Woman, Is That Authorized” YouTube channel, studies one other lawsuit was filed towards him. In line with Symone, the lawsuit is from extra alleged shoppers of Christians, they usually allege he defrauded them of $100,000.
Christian Walden’s allegations are allegedly debunked.
Through the YT Reside the place Symone defined the second lawsuit, she additionally spoke about Christian’s response to the allegations made by Carl Crawford’s cousin. She alleges that Christian broke the regulation by charging an advance price earlier than shoppers funded their buying and selling accounts.
Symone stated he’s solely allowed to earn money off fee by regulation, and can’t cost you a price upfront.
That’s unlawful beneath the SEC pointers. Right here’s why. It’s as a result of it’s the premise of most monetary fraud associated to investments. As a result of he makes that $1,500 whether or not he invests your cash or not, that’s not the way it’s presupposed to work. As an alternative, they’re allowed to get a fee. They’ll obtain a fee or a proportion, as this incentivizes them to develop your portfolio.
They solely earn money in the event that they make you cash, versus superior charges. They receives a commission regardless, so what’s his incentive to develop your cash? Actually nothing.
Symone additionally defined that felons may very well be merchants, as long as they’re licensed. They have to apply and clarify their expenses, informing them that they’ve been modified.
Now you’re welcome to use for a license, and you possibly can get a license in the event you [choose]. Felons must apply after which… present an addendum. You’d need to say how your lives modified, the way you’re a superb particular person… and it’s a must to get licensed and insured.
It’s defined within the video that the insurance coverage is used for errors and omissions.
Take a look at Symone’s clip under.