Complaint Review: ERIC and LOUISE LITTMAN

Editor’s Note: The law protects and encourages Ripoff Report to make appropriate edits to Reports posted by third parties. Ripoff Report may use that editorial power to post findings from a court of law about the subject matter of Reports. In some cases, a Court may find that specific statements made by the author of a Ripoff Report are false and defamatory. When both sides of a dispute appear and contest the facts of a situation in court it is believed that the findings of the court are generally reliable and fair. Out of respect for the courts and the judicial process, Ripoff Report, upon request, may post that kind of finding with special prominence, and in some cases, may even redact the information specifically identified by the court as false from the original Report. In this instance, the Court Order received by Ripoff Report was specific enough regarding the statements made, and as such, the offending language has been ((REDACTED BASED ON FINDINGS VIA COURT ORDER)) by Ripoff Report.

((REDACTED BASED ON FINDINGS VIA COURT ORDER)) in Miami. One day I got a ((REDACTED BASED ON FINDINGS VIA COURT ORDER)) telling me that he was looking for people who were interested in investing in the stock market. He said he worked in a big financial institute called ((REDACTED BASED ON FINDINGS VIA COURT ORDER)) which is a global institutional investment management firm with approximately $21.3 billion in assets in New York, where I reside. As my parents had mentioned to me that they had some money to invest so we decided to ((REDACTED BASED ON FINDINGS VIA COURT ORDER)) . At ((REDACTED BASED ON FINDINGS VIA COURT ORDER)) he explained to me that through his job as a financial advisor he had access to privileged information in his company. [continued below]....

He also claimed to be a very good friend Marvin Davidson who was one of the owners. He told me he wanted to put a good sum of his own investments in an account ((REDACTED BASED ON FINDINGS VIA COURT ORDER)). I asked why and he responded ((REDACTED BASED ON FINDINGS VIA COURT ORDER)).

I refused because I know how ((REDACTED BASED ON FINDINGS VIA COURT ORDER) . When I refused he ((REDACTED BASED ON FINDINGS VIA COURT ORDER)) he told me that his father Eric Littman an Attorney in Miami had a very good investment in a company where he was a shareholder of MEDIJANE a medical company in the marijuana business that had very high return. This seemed ((REDACTED BASED ON FINDINGS VIA COURT ORDER)) so we went to Miami and ((REDACTED BASED ON FINDINGS VIA COURT ORDER)) his father Eric Littman who claimed to own ((REDACTED BASED ON FINDINGS VIA COURT ORDER)). My parents had given me a cashier check for the amount of ((REDACTED BASED ON FINDINGS VIA COURT ORDER)) and Eric Littman gave me 200.000 shares. The stocks were doing very well for a couple months but later I learned that it would have an extreme amount of sales and the stock had extreme drops in value. I got alarmed and I tried to call Louis and his father but they did't answer phone calls and e-mails. We still have my stocks but now they are worthless. http://seekingalpha.com/article/2230513-medijane-prime-to-attract-regulator-attention-amid-slew-of-red-flags

My parents and I learned later that Eric Littman was involved in ((REDACTED BASED ON FINDINGS VIA COURT ORDER)) against investors http://www.sec.gov/litigation/litreleases/lr19541.htm and Louis was fired from Centerbridge Partners for ((REDACTED BASED ON FINDINGS VIA COURT ORDER)). I did a report to the SEC and they fined Eric Littman  (owning ((REDACTED BASED ON FINDINGS VIA COURT ORDER)) of MJMD) for unregistered stock sales in a shell company he owned that the SEC claimed was part a ((REDACTED BASED ON FINDINGS VIA COURT ORDER)) but I am not so sure if my parents they will get their money back.

The evidence exists within the public forums, Eric and Louise Littman are not to be trusted. I would strongly advise anyone who is an investor, or considering getting involved with such ventures with them.