Have you invested with Mohamed Coulibaly, Motion Ventures, Motion Apparelz, or an e-commerce business involving Shopify stores? Sonn Law Group is investigating potential legal claims on behalf of investors who may have suffered substantial financial losses.
Recent reporting by Barron’s described allegations involving entrepreneur Mohamed Coulibaly, his company Motion Ventures, and an alleged investment program marketed primarily to professional athletes.
The allegations summarized below are based on Barron’s reporting and have not been proven in court. Mr. Coulibaly has publicly disputed aspects of the allegations. Sonn Law Group is conducting its own investigation on behalf of potential investors.
Summary of the Barron’s Investigation
According to Barron’s:
* Investors allegedly purchased Shopify-based e-commerce stores for investments beginning around $50,000.
* Shopify dashboards allegedly displayed significant sales that Barron’s reported may have consisted of manually entered transactions.
* Several former NFL players reportedly lost substantial sums after investing.
* Investors were allegedly solicited to invest additional funds based on a proposed acquisition involving Middle East Venture Partners.
* Barron’s reported that documentation supporting the proposed transaction contained significant irregularities.
* Complaints reportedly have been submitted to the SEC, FBI, and Pennsylvania Department of Banking and Securities.
Potential Legal Claims
Depending on the facts, potential claims may include fraud, securities fraud, sale of unregistered securities, negligent misrepresentation, breach of contract, unjust enrichment, and violations of state securities laws.
Sonn Law Group Is Investigating
If you invested with Mohamed Coulibaly, Motion Ventures, Motion Apparelz, or a related Shopify investment program, we encourage you to contact Sonn Law Group.
Potential investors should preserve contracts, wire confirmations, emails, text messages, WhatsApp communications, Shopify credentials, screenshots, and pitch materials.
For a confidential consultation, contact Sonn Law Group, P.A., today.
