Lerman Law Firm Expands Financial Fraud Investigation of Hawk Systems, Inc. and Hawk Biometric Technologies, Inc. and Affiliated Companies to Include William Baumner IV and Buckman, Buckman & Reid

FORT LAUDERDALE, Fla., March 12, 2018 (GLOBE NEWSWIRE) -- The Lerman Law Firm (Cathy Jackson Lerman, P.A.) is encouraging financial fraud victims from Florida and other states who purchased stock in Hawk Systems, Inc. or any of its affiliated companies named herein to come forward with information that exposes wrongdoing and assists in its ongoing investigation.  In recent weeks, the Lerman Firm has expanded the scope of its investigation of the Hawk Ponzi scheme to include former investment broker William Baumner IV and investment firm Buckman, Buckman & Reid of Boca Raton.

The Lerman Firm has already been gathering information from whistleblowers and victims related to Hawk Biometric Technologies, Inc. and other affiliated companies including Hawk Biometric Technologies, Inc., Hawk Biometrics of Canada, Inc., Fist Enterprises, LLC, Auto Secure, Inc., Auto Secure USA, Inc., and Secure Start USA, LLC.

“In-depth investigative reporting by the New York Daily News, Miami Herald and Palm Beach Post have exposed credible and deeply disturbing fraud allegations against Hawk, and there is strong evidence to suggest that the cynical financial frauds were perpetrated with the complicity of financial services institutions among others,” said Cathy Lerman, principal of the Lerman Law Firm.

“Investors in Hawk or the other various Hawk-related companies are encouraged to contact the Lerman Law Firm so that we can get to the bottom of what has happened,” said Lerman.  “We are gathering information so that we can better understand the facts and why regulatory agencies and law enforcement have so far declined to take any actions against these entities,” Lerman stated.

Newspaper articles about HAWK allege that the company was a scam designed to trick investors into putting their savings into a company which ultimately declared tens of millions in losses, reportedly distributed investor funds among its leaders, and never even produced a saleable product.

If you are an investor in one or more of the companies listed in this alert, wish to provide information to assist the Lerman Law Firm in its investigation, or are a potential whistleblower, then please contact Cathy Lerman at clerman@lermanfirm.com or (954) 332-1143.