Global Resources LLC Lawsuit: A Comprehensive Guide

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What is Global Resources LLC?

Global Resources LLC is a business consulting firm based in Arlington Heights, Illinois. The company offers a variety of services, including cost-cutting strategies, revenue growth strategies, and business process improvement.

What is the Global Resources LLC lawsuit about?

In 2023, the Securities and Exchange Commission (SEC) filed a lawsuit against Global Resources LLC and its owner, John Henderson, alleging that they engaged in an offering fraud. The SEC alleges that Henderson and Global Resources Leadership, LLC (GRL), solicited investments in a purported joint venture focused on buying and selling Nigerian crude oil through a false and misleading email solicitation.

The SEC’s complaint alleges that Henderson and GRL targeted individuals associated with a Christian college, Christian church, and other religious organizations with which Henderson was associated, including a church he founded, by employing numerous religious references. The complaint alleges that Henderson and GRL raised $10,000 through the fraudulent offering, a portion of which Henderson used for personal expenses.

What is the status of the lawsuit?

The lawsuit is still pending in federal court in Chicago. Henderson and GRL have denied the SEC’s allegations.

What are the potential consequences of the lawsuit for Global Resources LLC and its clients?

If Henderson and GRL are found guilty of the SEC’s allegations, they could face civil penalties and may be barred from participating in the securities industry. Global Resources LLC could also face financial penalties and damage to its reputation.

What are the implications of the lawsuit for businesses that are considering hiring Global Resources LLC?

Businesses should be aware of the SEC’s allegations against Global Resources LLC before making a decision to hire the company. Businesses should also carefully review Global Resources LLC’s contract and services before signing any agreements.

FAQs:

Is Global Resources LLC still in business?

Yes, Global Resources LLC is still in business.

Can I still hire Global Resources LLC?

Yes, you can still hire Global Resources LLC, but you should be aware of the SEC’s allegations against the company.

What should I do if I have been a client of Global Resources LLC?

If you have been a client of Global Resources LLC, you should review your account statements and contact your financial advisor if you have any concerns.

What should I do if I think I have been a victim of fraud by Global Resources LLC?

If you think you have been a victim of fraud by Global Resources LLC, you should contact the SEC or your state securities regulator.

What are the red flags of a fraudulent investment opportunity?

Red flags of a fraudulent investment opportunity include:

Unusually high returns

Lack of transparency

High-pressure sales tactics

Unsolicited investment offers

Religious references

How can I protect myself from investment fraud?

To protect yourself from investment fraud, you should:

Do your research

Be wary of unsolicited investment offers

Get everything in writing

Never invest more money than you can afford to lose

Report suspected fraud to the authorities

Conclusion

The SEC’s lawsuit against Global Resources LLC is a reminder that investors should be careful before investing in any company. Investors should research potential investments carefully and be wary of any company that makes unrealistic promises or uses high-pressure sales tactics.

Sources:

  • SEC.gov: https://www.sec.gov/litigation/litreleases/lr-24597
  • Glassdoor: https://www.indeed.com/cmp/Global-Resources,-LLC
  • Better Business Bureau: https://www.bbb.org/us/il/arlington-hts/profile/business-consultant/global-resources-llc-0654-88430487
  1. www.sec.gov/litigation/litreleases/2019/lr24597.htm
  2. www.sec.gov/litigation/litreleases/lr-24597#:~:text=According%20to%20the%20SEC’s%20complaint,false%20and%20misleading%20email%20solicitation.

 

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