Anthony J Archer

Quick summary on Anthony J Archer

Anthony J. Archer, Chairman and CEO of the Primal Group, and Andrew J. Goodman, the company’s Chief Commercial Officer, have faced several serious allegations from investors and former employees.

Investor Complaints:

Misrepresentation of Investments: Investors have accused Archer and Goodman of making false claims regarding investment opportunities. One investor reported being promised ownership of two hectares of coconuts, complete with title deeds and high returns within three years. However, these promises were not fulfilled, leading to significant financial losses.

Pressure for Additional Fees: There are reports that investors were pressured to pay high crop management fees, purportedly to prevent the company from going bankrupt. Despite these additional payments, investors did not receive the promised returns.

Legal Actions and Regulatory Issues:

Lawsuits by Former Employees: The Primal Group has faced multiple lawsuits from former employees in Brazil, alleging labor disputes and unfair practices. These legal challenges have further tarnished the company’s reputation.

Investor Legal Actions: Disgruntled investors have initiated legal proceedings against Archer and Goodman, seeking redress for the alleged fraudulent schemes and misrepresentations.

Regulatory Warnings:

Governmental Issues in Brazil: The company has encountered problems with the Brazilian government, including difficulties in obtaining necessary permits and planning approvals for agricultural projects. These regulatory hurdles have contributed to project delays and unmet promises to investors.

These allegations suggest a pattern of deceptive practices and mismanagement by Anthony J. Archer and Andrew J. Goodman, leading to financial losses for investors and legal challenges from both employees and regulatory bodies.