Technimark is a corporation headquartered in Asheboro, North Carolina, was partially acquired in 2014 by venture capitalists, the Pritzker Group. Donald Wellington and Brad Wellington both have management positions within Technimark.
According to court records, Donald Wellington, the Chairman of Technimark, and Brad Wellington, the CEO of Technimark, are involved in multiple civil lawsuits which allege the following: misappropriation of funds in millions, fraud, mismanagement of investor funds and misleading of investors.
In 2015, the Wellingtons develop partnership with Richard Born from BD Hotels were previously sued, found liable and ordered by the court to pay $1.2 million to a real estate broker. The court records reveal that the Wellington’s named Technimark in this lawsuit, testifying under oath that all real estate transactions was related to real estate investment ventures for Technimark.
The current civil lawsuits against the Wellingtons involve Kerry Wellington, the daughter of Donald Wellington. According to court records, Kerry Wellington created several corporations in New York, partnering with Richard Zang from Richbridge Capital and Brent Borland from BCG Capital for the purpose of investing the Ritz Trump White Plains condominiums.
On May 18, 2018, the Securities and Exchange Commission charged Brent Borland and two of his companies with misappropriating close to $6 million in investor funds intended to finance an international airport in Belize.
On May 18, 2018, the Securities and Exchange Commission charged Brent Borland and two of his companies with misappropriating close to $6 million in investor funds intended to finance an international airport in Belize.
The SEC's complaint alleges that between 2014 and 2017, Brent Borland sold more than $21 million of promissory notes to dozens of investors, promising that the funds would be used as bridge financing for development of an international airport in Belize.
Brent Borland between 2015 and 2017 have raised from 52 investors more than $12 million for Donald Wellington, Brad Wellington, Kerry Wellington and Michael Yanko related with Ritz Trump White Plains where are accusations of misappropriating of funds, fraud, and the misleading of funds following loans of $12 million invested in the project that were never repaid. The Wellingtons sold the condominiums without paying the loans they had secured. Additionally, the Wellingtons are accused of continuing to raise investor funds for the Ritz Trump White Plains misrepresenting investors.
If you believe you have lost money as a result of investment fraud, misconduct by your investment advisor or brokerage firm, or corporate wrongdoing, present a complain on the links of SEC and FINRA through the contact form on this page.