Originally Syndicated on May 10, 2024 @ 8:37 am
Pam Hopman faces allegations of financial fraud. Here’s a bit of news coverage regarding her antics:
The Arizona Corporation Commission has issued an order to Pam Hopman and her firm, PGH Advisors, to handle financial liabilities resulting from unethical actions. In addition to the $410,790 restitution, there is a $35,000 penalty to pay. In addition, the Commission has terminated PGH Advisors, LLC’s investment adviser license, as well as Pam Hopman’s license as an investment advisor representative.
Pam Hopman and PGH Advisors LLC were found to have engaged in substantial wrongdoing, as stated by the Commission’s investigation. Under the pretense of life settlement products, it was discovered that they had promoted securities from Deeproot and its connected entities to its customers who had a total of at least $1,562,392 in sales. In the past, the Securities and Exchange Commission held Deeproot accountable for being a Ponzi scheme that was functioning.
Moreover, it was found out that Hopman, PGH Advisors, LLC, and another representative had marketed unregistered stocks from Premier Global Corporation to PGH advising clients for a total amount of at least $10,040,526, which was a significant amount. These investors were persuaded to purchase unsecured promissory notes with a term of twelve months by offering them interest payments. Concerning Premier Global Corporation, the Oklahoma Department of Securities has expressed comparable concerns.
There was a significant lack of transparency in several different circumstances. In the process of advertising these unregistered investment products, Pam Hopman and PGH Advisors, LLC failed to disclose to investors that they were collecting commissions for their efforts.
A serious conflict of interest was also brought to light by the Commission, which was caused by the sales commissions. Because of this conflict, the interests of the customers were not aligned with Hopman’s need for commissions, which undermined the capacity to provide objective financial advice.
The respondents have agreed to the findings of the Commission and consented to the entry of a consent order, which contains the fines and sanctions that have been stated. This is being done to end this case.
Pam Hopman: A Brief Overview
The Hopman Group LLC, PGH Advisors LLC, and Hopman Tax Services are all businesses that Pam Hopman founded and currently serves as the president of their respective organizations. A tax preparation firm, an insurance agency, and a Registered Investment Advisor (RIA) firm are all included in this category, respectively. Because Pam Hopman has such vast knowledge in the fields of taxation, insurance, and investments, she can customize her methods and make certain that they are in perfect harmony with the specific financial objectives and ambitions of each of her clients.
About The Hopman Group: 
The Better Business Bureau has not granted The Hopman Group an accreditation. You may read their reviews, complaints, and BBB ratings.
You may evaluate, complain, and see their BBB rating.
Prioritizing the best interests of its clients is PGH Advisors LLC’s fiduciary duty as a registered investment advising firm governed by state law. The company has honed its skills in meeting the financial demands of people—men and women alike—at every stage of life after winning the respect and satisfaction of a large number of clients.
A financial advisor in Tucson is to blame for the Ponzi schemes that N4T investors lost money on:
After years of careful saving, Cindy Bryant discovered that she could lose everything with a single signature. She lost $95,000 on an investment she made with Deeproot Funds, which the SEC is suing right now for allegedly being a Ponzi scam.
Bryant struggles to get any sleep at night because he is so upset about the loss. According to the SEC, Robert Mueller, the main member of Deeproot, utilized investor monies improperly for personal purposes, thus using the company as his bank.
Deeproot and Mueller are not charged with any crimes despite the serious accusations. Nevertheless, investors like Bryant have little chance of getting their money back because Deeproot has declared bankruptcy.
Bryant gave her money to the Hopman Group and PGH Advisors’ financial advisor Pamela Hopman, who invested in Deeproot in 2019 on Bryant’s behalf. Bryant believes Hopman ought to have studied the investment more carefully. She has not yet launched a lawsuit against Hopman, but Hopman’s legal team sent her a letter indicating that since Hopman had losses from Deeproot, suing Hopman might not result in a successful recovery.
Regarding Hopman and PGH Advisors’ connection with Deeproot, numerous lawsuits have been filed against them. Gail Boliver and Anthony Bingham, attorneys, are defending a Tucson family that alleges that a financial advisor working under Hopman’s direction persuaded them to invest $100,000 in Deeproot. They contend that it is the fiduciary duty of financial advisors to perform due research on investments, which does not seem to have been the case in this case.
Deeproot’s life insurance viatical investment was always a dangerous venture, and the SEC lawsuit disclosed that Deeproot hadn’t bought a policy since September 2017 even though they were still making millions of dollars. Law experts say that any watchful financial advisor ought to have noticed these red flags.
Marc Fitapelli, a lawyer who has represented several investors in Deeproot, claims that Hopman breached her fiduciary duties to them and that there were obvious signs of disaster.
Cindy Bryant is currently concentrating on reestablishing her retirement funds through perseverance and hard work.
Pam Hopman, investment advisor scandalized, tries to repair reputation:
Formerly a well-respected investment advisor in the volatile world of finance, Pam Hopman is currently entangled in a scandal that has permanently destroyed her reputation. Hopman is now associated with dishonesty and treachery after being accused of participating in a plan that cost her clients more than $10 million. Shockwaves are reverberating across the business as the facts of her deceptive methods become clear, bringing attention to questions of ethics and trust in financial relationships. Now that her reputation has been damaged, Hopman is fighting a losing struggle that will affect her future.
The Commission’s findings and background:
After Pam Hopman and her business, PGH Advisors LLC, were subject to a comprehensive examination by the Arizona Corporation Commission, harsh penalties were imposed. Hopman’s unscrupulous actions regarding the sale of unregistered securities are strongly condemned by this. The substantial fines and reparations, which come to over half a million dollars, highlight the extent of her wrongdoing.
Her wrongdoing was so severe that she was forced to pay substantial fines and reparations totaling almost half a million dollars.
As a clear result of her dishonest actions, Hopman’s ability to defraud investors was also severely limited when her company’s license and her investment adviser representative license were revoked as a result of the controversy.
The Deceitful Plans:
The Deceptive Schemes: Hopman and PGH Advisors worked closely with Deeproot and its connected companies to sell securities. Serious doubts have been expressed regarding Hopman’s judgment and her willingness to risk her clients’ investments in light of the Securities and Exchange Commission’s accusations that Deeproot functioned as a Ponzi scheme.
Hopeman’s judgment and willingness to risk her clients’ investments have come under scrutiny following the Securities and Exchange Commission’s accusations that Deeproot functioned as a Ponzi scheme.
It was discovered via additional research that Hopman had sold Premier Global Corp. promissory notes worth at least $10 million that were unregistered and unsecured. An unsettling reflection of Hopman’s deceit is the fact that this company is presently embroiled in legal disputes after being charged with masterminding a Ponzi scheme that defrauded over 500 investors in 19 states.
Post-event Reputation Management:
The scandal’s progression makes investor recovery increasingly unlikely. The head of the ACC’s Securities Division, Mark Dinell, recognized the difficulties in reclaiming money involved in the federal and state litigation concerning Deeproot and Premier Global.
The federal and state cases involving Deeproot and Premier Global made fund retrieval difficult, according to ACC Securities Division chief Mark Dinell.
Pam Hopman is fighting to repair her reputation despite overwhelming evidence. Her lawyer paints her as another victim, and she sells her house to pay restitution and penalties. These are but a handful of her initiatives; she is actively pushing constructive information on the internet to put her past behind her and restore her reputation. She promotes nice stuff online to remove herself from her past and salvage her reputation.
Due to the scandal’s life-altering consequences, her public image redemption is difficult. Despite Hopman’s dubious reputation management efforts, her case highlights the long-term effects of fraud and the difficulties of reputation maintenance.
Conclusion
Abnormal activity and serious misbehavior were found during the Arizona Corporation Commission’s inquiry into Pam Hopman and PGH Advisors LLC. It was discovered that Pam Hopman and her company had sold unregistered securities from businesses suspected of running Ponzi schemes, causing their clients to suffer significant financial losses.
Significant financial losses for their clients were caused by Pam Hopman and her company’s suspected involvement in the selling of unregistered securities from businesses involved in Ponzi schemes.
As a result, the Commission has banned licenses and levied steep fines. The affair has brought attention to trust and ethics concerns in the financial business, and Hopman now has the difficult challenge of restoring her damaged reputation.
