Thursday, March 17, 2022
Allensworth is the former owner and chief executive of Capital Growth Group Associates, which provided tax advice, accounting services, retirement planning, tax return preparation and investment advisory services to clients.
From November 2015 to March 2017, Allensworth defrauded investors with David Hunt Weddle, 66, who managed a private investment fund through JustInfo LLC, a company that was controlled and operated out of his home in Somerset, Kentucky.
Allensworth and Weddle solicited money from investors who included Allensworth’s clients. The money was to be invested with Capital Growth Group Associates and Weddle. Clients trusted Allensworth based on their prior relationship with him and recommended Allensworth to friends and family, who also fell victim to the scheme.
Investors were defrauded through false…
