201711.16
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Gopi Vungarala —False and Misleading Statements

Gopi Krishna Vungarala Allegedly Made False and Misleading Statements to a Native American Tribe and Purportedly Persuaded the Tribe to Invest Hundreds of Millions of Dollars in Non-traded Real Estate Investment Trusts and Business Development Companies but Failed to Disclose that He and His Firm Received Commissions on the Sales

Gopi Vungarala, from at least June 2011 through January 2015, via his firm, PKS, allegedly made false and misleading statements to a Native American tribe, known only as ST, in regards to the investments he recommended, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

Peiffer Rosca Wolf securities practice lawyers are investigating Gopi Vungarala’s alleged investment fraud.

Investors who believe they may have lost money in activity related to Gopi Vungarala’s alleged investment fraud are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

Gopi Vungarala was employed by said Native American tribe to manage its investment portfolio wherein he allegedly persuaded the tribe to invest in Real Estate Investment Trusts and Business Development Companies through a broker-dealer firm wherein he told the tribe he purportedly “parked” his registration, the Complaint notes.

Vungarala, as a result, allegedly received over $9 million in commission through false and misleading statements and he allegedly led the tribe to believe that he did not receive commissions on the Tribe’s transactions and that he had no conflict of interest, the Complaint reports.

Gopi Vungarala Has Been Barred by FINRA and Ordered to Disgorge $9,682,629 in Commissions

Gopi Krishna Vungarala, due to the alleged aforementioned behavior, allegedly violated FINRA Rules and hence has been barred by FINRA and ordered to disgorge his unlawful gain in the amount of $9,682,629, according to the aforementioned Complaint being reviewed by attorneys Alan Rosca and James Booker.

Vungarala was allegedly the only employee in the Treasury Department who had any significant investment experience beyond having a 401(k) account, the Complaint notes.

Therefore Vungarala allegedly used his position to took advantage of the Tribe’s trust and lack of sophistication by making false and misleading statements that concealed his personal financial interest in steering the tribe to investing in Real Estate Investment Trusts (REIT’s) and Business Development Companies (BDC’s), the Complaint states.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Gopi Vungarala’s alleged investment fraud. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Gopi Vungarala’s alleged investment fraud may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.