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Sean Kelly— Alleged Investment Scheme

investment fraudSean Kelly under SEC Investigation after Allegedly Running $1 Million Lion’s Share Fraud Scheme Targeting the Elderly, Disabled, Widowed, & Veterans

Sean Kelly, a 49-year-old stockbroker from Marietta, Georgia, allegedly ran a fraud scheme which raised up to $1 million from 12 investors under the purported pretense of his Lion’s Share businesses, according to an SEC Complaint under review by investor rights attorney Alan Rosca.

Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Sean Kelly’s alleged investment fraud scheme. Investors who believe they may have lost money in activity related to Sean Kelly’s alleged investment fraud scheme are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

The SEC, which is seeking civil penalties against Kelly and is working to stop the alleged ongoing fraud, alleges that Sean Kelly operated several entities including Lions Share & Associates, Lionsshare Tax Services, and Lions Share Financial of East Cobb, Inc., the SEC notes.

Sean Kelly allegedly enticed customers by offering free tax preparation to veterans and free retirement planning seminars to seniors in assisted-living facilities, the SEC reports.

Richard R. Best, regional director for the Securities and Exchange Commission’s Atlanta office, made the following statement in a news release:

Kelly gained the trust of elderly retirees, widows, veterans, and people with disabilities so he could loot their investments to support his lifestyle.

Sean Kelly Allegedly Told Investors He Would Put Their Cash in CD’s, Private Placements, & Real Estate, but Instead Allegedly Used it for Super Bowl Tickets & Travel Expenses

Sean Kelly allegedly told investors that he would invest their money in CDs, private placements, and real estate, according to the aforementioned SEC Documents.

Kelly, in reality, allegedly used the money to buy Super Bowl tickets, on luxury vacations, and cash withdrawals, the SEC notes.

Kelly, from January 2014 to October 2018, allegedly operated his scam by having clients write checks to a bank account he owned and telling them he was investing it for them but instead kept the money and forged documents to make it look like he had invested victim funds, according to court records.

Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.

Securities Lawyer Investigating

The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Sean Kelly’s alleged investment fraud scheme. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of Sean Kelly’s alleged investment fraud scheme may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at, or through the contact form on this webpage.

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent updates regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing. Visitors may check the most recent version of each brokercheck report at

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