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North Carolina Court of Appeals Upholds Securities Fraud Verdict Obtained by Martin & Jones

March 23, 2010

On March 2, 2010, the North Carolina Court of Appeals upheld a securities fraud verdict that Martin & Jones obtained in December 2008. The three appellate judges ruled 3-0 in favor of upholding the Wilson County jury verdict against a man named Rip Rainey who defrauded our senior citizen clients in the sale of fraudulent investments.

The jury verdict included a $1.25 million dollar punitive damages penalty against the defendant for knowingly deceiving and defrauding these senior citizens. The defendant intentionally withheld material information about the risks and legitimacy of the investments. We are proud of our clients for their courage to insist on their day in court to make sure justice prevailed. We are also proud of the Wilson County jury who sent a strong message that fraud, particularly against senior citizens, cannot be tolerated. You can read the opinion of this securities fraud case here.

This published opinion becomes part of the body of North Carolina case law on fraud and securities law. We hope it serves as a strong deterrent against future securities abuses. If you have been cheated in a fraudulent investment scheme, contact the North Carolina Department of Justice or the Securities Division of the North Carolina Secretary of State’s Office. You can also contact us if you would like to discuss your options with an attorney on how to recover money lost in a fraudulent investment scheme.

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“We would like to express our gratitude to you (Hunt Willis) for accepting our case. First of all, when I called this law firm, a very sweet and kind lady answered the telephone and gave me assurance by asking and going over the accident with me, while my husband was in the hospital. I felt assured I was doing the right thing for us. She was so helpful in so many ways. What a professional lady. Secondly, we are much pleased that you have settled this case with the insurance company to receive the proper amount to assist us in so many ways. My husband and I are very happy with you and the firm in handling our case. You made us have confidence in your professional and integrity along with your assistant Ms. Routh, when you both came to see us in our home, in which we saw your compassion and thoughtfulness at that time. We will never forget what you have done for us, and we thank the lord for directing me to contact this firm. I’m glad I did.” 

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The law firm you choose makes a difference. If you are the victim of an accident or an illness that someone else caused, the North Carolina personal injury law firm of Martin & Jones has the depth of experience, skills and sensitivity to make your road to recovery as smooth as possible. Whether you have experience with the legal system or have never hired a medical malpractice or personal injury lawyer before, our attorneys and staff will do our best to answer your questions, provide clear advice and prepare you and your family for what to expect. If you would like more information or to meet with one of our attorneys, please fill out the form below or call us at 800.662.1234.