Core Insights
- Unfiltered Reality: The Ninth Circuit Court of Appeals has overturned a lower court’s dismissal, reviving a class action against Grant Cardone and Cardone Capital for allegedly misleading “everyday investors” with promises of a 15% annual return.
- Predatory Conduct Spotlight: Despite regulatory warnings, Cardone continued to broadcast his bold 15% return claims on social media, targeting unsophisticated investors—a tactic the appellate court called into question.
- Broad Implications: The ruling not only breathes new life into Christine Pino’s case, but also opens the door for other investors to join a potential class action, casting a long legal shadow over Cardone’s business empire.
By Samuel Lopez – USA Herald
The Legal Earthquake Shaking Cardone Capital
LOS ANGELES, CA – It’s not every day that the facade of a celebrity investor gets publicly peeled back in federal court. But on June 10, 2025, the United States Court of Appeals for the Ninth Circuit handed down an opinion that not only reverses the lower court’s dismissal of a securities class action against Grant Cardone and his business entities—it also offers a cautionary tale for every Instagram “guru” promising financial miracles.
