Corporate & Securities Law

Eccleston Law has launched an investigation into Stanely J. Kowalewski and his North Carolina based investment advisory firm, SJK Investment Management, LLC, following allegations that the registered investment adviser has defrauded investors in two funds managed by SJK Investment Management. 

The attorneys at Eccleston law believe that beginning in the summer of 2009, SJK Investment Management and Kowalewski raised over $65 million for their two hedge funds, the SJK Absolute Return Fund, LLC, and the SJK Absolute Return Fund, Ltd.  Kowalewski and SJK Investment Management represented to investors that (i) substantially all of the monies invested in these funds would be invested in unaffiliated hedge funds; (ii) that no single underlying fund would be allocated more than 15% of the fund?s assets; (iii) and that to compensate them for their services, SJK Investment Management would receive no more than a 1% annual asset management fee and 10% profits incentive fee.

Contrary to these representations, SJK and Kowalewski formed a new, undisclosed fund called the Special Opportunities Fund, LP, which Kowalewski and SJK used to divert millions of dollars through self dealing transactions.  Kowalewski used this money to support his extravagant lifestyle, which included the purchase of a $3.9 million vacation home and an unfounded $4 million ?salary draw?.

Eccleston Law Offices, P.C. represents individual and institutional investors in securities disputes nationwide.  Our attorneys also help victims of Ponzi schemes pursue recovery through the submission of SEC receivership claims or through the filing of a Theft Loss Tax Deduction with the IRS.

If you have any information about Kowalewski or SJK Investment Management, or if you have lost money investing in the SJK Absolute Return Fund or the SJK Absolute Return Fund, please contact Jim Eccleston at the Eccleston Law Offices at 312-332-0000 to discuss your options.