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Investor Lawyers BlogNorthstar (Bermuda) Loss Attorneys
International Investors May Be Able To Pursue Northstar (Bermuda) Losses From Broker-Dealers
Japanese Retirees File Seven-Figure Broker Fraud Lawsuit Against Bankoh Investment Services
If you are a non-US citizen whose broker-dealer sold you annuity and annuity-like investments in Northstar Financial Services (Bermuda), there is still time to explore your legal options. For the last few years, Shepherd Smith Edwards and Kantas team of Northstar (Bermuda) Loss Attorneys have been zealously investigating the brokerage firms that marketed and sold this offshore investment to customers, many of whom have suffered significant investment losses. These investors are foreign nationals who worked with a US-based broker-dealer to invest their money. A lot of them are seniors whose retirement funds and life savings have taken a huge hit.
Two of those investors are an older Japanese couple who are now suing Bankoh Investment Services and financial advisor Yoko K. Farias. In their Northstar Financial Services (Bermuda) lawsuit, which we filed on their behalf, they are seeking up to $1M in damages.
These Japanese citizens had a US account with Bank of Hawaii, which is how they were introduced to Farias who works out of the Honolulu branch. In their annuity loss case, the retirees are alleging overconcentration, negligent due diligence, misrepresentations, and other claims. Not only that, but also, they contend that they were promised safe returns, minimal risk, and that their principal would be guaranteed. Instead, Farias purportedly invested a significant amount of their money in an investment that was incredibly high-risk and unsuitable for them even as they continued to be reassured that their assets were safe.
This is not the first time that our savvy annuity loss attorneys have filed a broker fraud lawsuit against both Bankoh and Farias. Like many of the other broker-dealers that sold Northstar (Bermuda) investments, they appear to have disregarded their customers’ best interests in favor of selling high-commission, too-risky products that had none of the protections that foreign nationals want when they decide to invest their funds through a US-based financial firm.
Why Work With Our Seasoned Northstar (Bermuda) Loss Attorneys?
Since 2020, Shepherd Smith Edwards and Kantas have been hard at work fighting for investors who suffered losses in these Bermuda-based annuities. This means we have conducted a lot of discovery into why the brokers who sold Northstar Financial Services (Bermuda) should be held liable. Should we agree to work together you will join our unit of Northstar (Bermuda) claims being represented by all of the skilled securities lawyers who are, by now, very familiar with this entity and the kinds of broker misconduct that led to so many international investors losing money.
It is also important to note that if you are waiting to see how the bankruptcy case against Northstar (Bermuda) works out, you may want to reconsider. Northstar Financial Services (Bermuda) annuities are likely worthless. Not only that, but owner Greg Lindberg is accused of defrauding his insurers, including those in the US, and funneling money from them to his other companies. Going after your broker-dealer is your best bet if you want to maximize your chances for a full financial recovery.
How To Contact Us:
The Shepherd Smith Edwards and Kantas Northstar (Bermuda) Loss Attorney team are representing investors from Japan, China, and a number of countries in Latin America against their US-based broker-dealers that sold them Northstar (Bermuda) investments.
In the US: (800) 259-9010
International via WhatsApp: (713) 227-2400 (text only)
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