Securities attorneys at Goldman Scarlato & Penny P.C. law firm (“GSP”) have recently announced the filing of legal claims on behalf of investors in Cobalt Sports Capital, a company co-founded and promoted by Tyler Tysdal. The case was filed in the AAA Arbitration against an investment advisory firm that recruited those investors to invest in Cobalt.
In their statement of claims, the Tyler Tysdal / Cobalt investors allege that the investment advisory firm failed to conduct adequate due diligence as to Cobalt before recommending that investment opportunity to its customers, and that subsequently, after Cobalt was put into receivership, the firm failed to inform those investors of its own liability in connection with their Cobalt investments.
The investors are seeking compensation for their Cobalt-related losses from that investment advisory firm and one of its principals.
Concerned Cobalt Sports Capital investors who would like to learn more about the case, as well as individuals with knowledge of the facts related to Cobalt may contact the GSP securities attorneys Alan Rosca, Paul Scarlato, or Shawn Rexroad for a free, no-obligation discussion or to provide information, toll free at 888-998-0530 or rosca@lawgsp.com.
An administrative proceeding (no. 3-19463) announced by the Securities and Exchange Commission (“SEC”) via a press release in September 2019 charged Colorado resident Tyler Tysdal with multiple fraudulent schemes. According to the SEC, the order settled fraud charges against Tysdal and his associate in connection to allegedly defrauding Cobalt Sports Capital investors. The SEC order also found that Tysdal and his associate defrauded investors in Impact Opportunities Fund and investors in the TitleCard Capital 1Fund, L.P. private fund.
Tysdal and his associate did not deny the facts in the SEC’s Order, without admitting them, and consented to the entry of a cease-and-desist order. In addition, the SEC reported that Tyler Tysdal consented to “a three-year collateral associational bar and an investment company bar“. Finally, the order required Tysdal and his associate to pay disgorgement, prejudgment interest, and civil penalties.
Shortly following the SEC sanctions, a criminal indictment was filed by the Denver District Attorney’s Office in December 2019 against Tysdal.
The 2019 Tysdal indictment alleges that Tyler Tysdal and an associate committed 64 counts of securities fraud, in addition to one count of conspiracy to commit securities fraud, one count of theft and one count of violation of the Colorado Organized Crime Control Act. Similar to the SEC’s allegations, the Colorado prosecutors accused Tyler Tysdal of misusing investor funds.
One year later, Tyler Tysdal was separately charged with three additional counts of securities fraud according to a separate 2020 Tysdal Indictment filed with the Denver District Court, involving a different investment. As of the date of this announcement, both criminal cases are pending and no judgment or finding of liability has been entered as to Tysdal or his associate.
Investors interested to review the indictments can obtain them from the Denver District Court or contact attorneys Alan Rosca or Shawn Rexroad at rosca@lawgsp.com or rexroad@lawgsp.com for copies.
Over the last several months, the GSP securities attorneys have been in touch with Tyler Tysdal investors and have gathered a considerable volume of records. Individuals with knowledge of facts surrounding Cobalt Sports Capital and/or Tysdal investors who would like to learn more about the pending legal proceedings may reach out to us toll free at 888-998-0530, via email at rosca@lawgsp.com or rexroad@lawgsp.com, or leave a message via the contact forms on this page.
The securities attorneys at GSP bring decades of combined experience in investigating and litigating investment fraud and misconduct cases. They typically work on contingency fee basis, advance all case expenses and only get reimbursed for their fees and expenses if they obtain compensation for their clients.
As of the date of this announcement there has not been a finding of liability as to the matters and / or allegations mentioned in this article, unless otherwise indicated. There are no other defendants or respondents in the Cobalt investors’ pending case, other than those referenced in this article.
Visit https://investorlawyers.org/tysdal-investor-center/ for more case related information and important disclosures.
