Florida Attorney General Pam Bondi Florida Attorney General's Office
Florida Attorney General Pam Bondi sued David Gothard and the companies he created on Monday for allegedly stealing millions of dollars from people nationwide using an illegal investment scheme.
Gothard allegedly used illegal activity and racketeering to defraud investors, many of whom were elderly.
Bondi is seeking restitution for the investors, civil penalties and an injunction to prevent Gothard or his companies from doing business in Florida.
Gothard and his companies allegedly got consumers to invest in patents that the companies were transfering among themselves. They allegedly were falsely representing the products, companies and patents to investors. After the investors gave them money, they allegedly stole the funds and repeated the scheme with other investors.
The suit also alleged that Gothard made fraudulent patent documents to collect millions of dollars from third parties.
During an investigation by the attorney general's office, Gothard allegedly produced a disarray of corporate records that included commingling of investors' funds with Gothard's personal accounts.
Because of this, Bondi is asking investors in the following companies to contact her office: Activision TV, Inc.; Activelight, Inc.; Activelight TV, LLC; Ad Media Displays, Inc.; Activision Displays, Inc.; Connect HDTV, Inc.; and ADCO Financial Corp.