The allegations read: Eric ludovico was named in a customer complaint that asserted the following causes of action: violations of federal securities laws; violations of california securities laws; violations of california unfair, unlawful, and fraudulent business practices; breach of contract; common law fraud; breach of fiduciary duty; and negligence and gross negligence. Client purchased gwg l-bonds in october of 2018. Claimant stated that he was not suitable after receiving interest payments for three years shortly after gwg holdings went into bankruptcy in april 2022.
