A Cudahy household is being charged with securities fraud after allegedly taking peoples’ funds to speculate with out being legally licensed to take action after which refusing to return these funds.
Jeff, Lynette and Cody Lister are named as defendants within the case, which was filed in opposition to them by Milwaukee County resident Wilson Rodriguez Jr. Jeff and Lynette Lister are the mother and father of Cody Lister.
The lawsuit alleges that for the previous a number of years, the Lister household has been engaged in a fraudulent scheme to handle cryptocurrency and different digital property on behalf of others for a price.
Cody Lister allegedly accepted funds and digital property from greater than 10 different folks after which invested these property for a price.
The grievance states these charges had been then pooled into accounts that belonged to Jeff and Lynette Lister.
Nobody within the household has the correct certification that might enable them to legally handle, make investments or commerce funds on behalf of others, based on the grievance. Cody Lister additionally did not register with the Securities and Trade Fee or the Commodity Futures Buying and selling Fee.
“Lister particularly acknowledged in a video chat that he was permitted to commerce cryptocurrency on behalf of others,” reads the grievance.
The grievance says Lynette Lister first met Rodriguez whereas working as his actual property agent, encouraging Rodriguez to debate cryptocurrency with Cody Lister due to his supposed data. She is listed as an agent with Berkshire Hathaway House Providers Metro Realty. Jeff Lister additionally allegedly assisted Cody Lister within the administration of different peoples’ property.
Cody Lister informed Rodriguez that he would have the ability to double his cash, based on the grievance.
On Aug. 19, 2021, Rodriguez allegedly despatched $4,450 for Cody Lister to speculate. Rodriguez signed a written settlement that stated Cody Lister would handle these funds for a price of three%. By October 2021, Rodriguez had despatched Cody Lister roughly $100,000 in digital property. Rodriguez continued to ask for return of his funds to make an actual property buy, to no avail, based on the grievance.
In response to Rodriguez’s demand to return his cash, the grievance says Cody Lister responded by texting “Sure (after all) I did shroomies yesterday so was just a little out of it to say the least.”
Regardless of your entire household allegedly persevering with to make excuses for why Rodriguez’s cash couldn’t be returned, Rodriguez was despatched a screenshot that confirmed Jeff Lister’s checking account containing over $5 million in funds, based on the grievance.
The grievance states Rodriguez has suffered losses of over $150,000, which he seeks to recuperate.
The Listers’ lawyer didn’t instantly reply to a request for touch upon Monday.