Todd Lahr Ponzi Scheme: Investigation into Alleged Fraud and Potential Lawsuit

McCausland Keen + Buckman, a general practice law firm in Devon, Pennsylvania with a special focus on securities litigation/arbitration and Ponzi scheme recovery, is investigating allegations that attorney Todd Lahr, who lives in Nazareth, PA and maintained a law office in Allentown, PA, perpetrated a Ponzi/investment scheme that defrauded at least twenty people out of more than $2.7 million. 

According to a civil Complaint filed by the Securities and Exchange Commission and a Superseding Indictment filed by the US Attorney for the Eastern District of Pennsylvania, Mr. Todd Lahr convinced clients to invest in global business opportunities that did not actually exist, including mining companies in Papua New Guinea and properties in London and Barcelona.  Mr. Lahr allegedly persuaded some to invest in promissory notes paying 10% interest and others to invest in shares of his company, THL Holdings. The SEC Complaint claims that Mr. Lahr then used the money raised to make payments to earlier investors as well as to pay personal expenses such as his mortgage, utilities, and school tuition.  Mr. Lahr and another individual based in Switzerland used wire transfers and bank accounts in the United States and Australia to effectuate their scheme. 

If you or someone you know suffered a loss due to Mr. Lahr’s alleged scheme, please contact Glenn S. Gitomer or Benjamin R. Picker immediately. Mr. Gitomer and Mr. Picker may be able to help recover losses if you reach them while the investigation is active.