SEC
Whistleblower
Advocates

May 04, 2017

William Schantz III, Verto Capital Management

Offering Fraud

SANCTION AMOUNT: $4,158,517

Defendants: Verto Capital Management
William Schantz III

Defendants allegedly resorted to fraudulent misrepresentations to raise approximately $12.5 million to purportedly fund the purchase and sale of life settlements. The issuer, Verto Capital, was allegedly presented as a profitable although it had been unprofitable for several years. Investor funds were allegedly misappropriated for Ponzi payments and personal use (over $3.4 million in the latter category).

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