Legal Newsline

Wednesday, October 23, 2019

Florida AG sues firm for allegedly defrauding investors

By Mark Payne | Dec 23, 2014

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.

Want to get notified whenever we write about Florida Office of the Attorney General ?

Sign-up Next time we write about Florida Office of the Attorney General, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Florida Office of the Attorney General

More News