A man who said he invested $37,500 with Douglas Dyer and James Brennan is suing them for that amount, plus attorney fees and $1 million punitive damages.
The complaint in behalf of David T. Hardegree was filed in Circuit Court.
Also sued were Alison Dyer and Carole Brennan as well as Broad Street Ventures.
Mr. Hardegree said he turned over the money to the men for the purchase of securities. He said, "Instead of purchasing securities, the defendants deposited the money into their own personal bank accounts."
The suit, filed by attorney Mark Warren of Warren and Griffin, says, "The defendants engaged in fraud in order to swindle money from the plaintiff."