Our securities attorneys are investigating reports that J&J Consulting Services, Inc. and perpetrators Jeffrey Judd and Matthew Beasley, among others, may have made false and misleading statements to investors in relation to an alleged $300+ million Ponzi scheme.
Investor funds are believed to have been transferred through an IOLTA (attorney trust account) held by Beasley Law Group PC.
J&J Consulting offered investors interests in personal injury settlements with the promise of 10% to 20% returns. On March 7, 2022, payments to these investors abruptly stopped.
If you invested in J&J Consulting Services, protect your rights by speaking with a Girard Sharp investment fraud attorney. Call us toll-free at (866) 981-4800 or submit your information at the bottom of this page.
More Details on the J&J Consulting Services Investigation
Jeffrey J. Judd launched J&J Consulting Services, Inc. in May 2005; in October 2021, Judd also launched a new Florida entity called J&J Purchasing LLC. J&J entities began to market and offer investments through purchase agreements in litigation finance, particularly personal injury lawsuits in which plaintiffs had settled claims and were seeking short-term funding before receiving the settlement payments. Investors in these purchase agreements were told that every 90 days they would be paid returns of 10% to 20%.
J&J represented in part that it had issued and collected on 20,000 contracts without default, that it had been able to generate a 25% return in 90 days (for every contract executed, yielding a 100% annual return), and that J&J’s network of 66 law firms always disbursed payments within the 90-day time frame.
More than $300 million was invested in this enterprise. The investment funds were funneled through the trust account of a law firm where Matthew Beasley, a friend of Judd’s, worked.
The funds in this account were reportedly misused and misappropriated, and on March 7, 2022, all payments to investors were halted.
Did you invest in J&J Consulting Services?
Speak to an investment fraud attorney about your rights by calling 1.866.981.4800 or filling out this form:
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Girard Sharp LLP represents investors, consumers, and institutions in class actions and other complex litigation nationwide. We served as lead counsel in the recent Ponzi scheme litigation arising from the Woodbridge Group of Companies’ bankruptcy; the case resulted in a settlement of over $54 million benefiting investors. Our class action attorneys have obtained multimillion-dollar recoveries for victims of unfair and deceptive practices in antitrust, financial fraud, and consumer protection matters against some of the country’s largest corporations, including Raymond James, John Hancock, and Sears. Girard Sharp has earned top-tier rankings from U.S. News and World Report for Securities and Class Action Litigation and has been repeatedly selected as an Elite Trial Lawyers finalist by the National Law Journal.