Fraud Investigation of Precision Capital and The Oregon Fund
Banks Law Office is investigating Precision Capital, a self-described “private investment partner.” Banks Law Office suspects Precision Capital may be selling securities to investors by using false statements.
Precision Capital sells an investment contract called the “Oregon Fund” to investors without disclosing that the Oregon Fund has incurred massive losses since approximately 2020 (which was one year after the Fund’s inception). Indeed, in a recent letter to investors, Precision Capital admitted that, in prior years, Precision Capital’s CEO Kevin Smirin had “personally contributed $1.6 million in capital to the Fund in an effort to cover shortfalls and protect investors.” (emphasis added). Moreover, the Fund stated that, “to prevent similar issues in the future, Kevin and Adam [two of the funds’ executives] implemented several significant changes to Fund operations beginning in 2023,” and yet the “issues” that were the impetus for those changes in 2023 were not disclosed to investors until the second half of 2025.
Moreover, recently, Precision Capital told Oregon Fund investors that it would (1) immediately reduce investors’ capital accounts by 7.73 percent in order to cover the funds’ recently recognized losses, and (2) transfer 30 percent of investors’ remaining capital into a side car account pending the liquidation of certain of the Fund’s troubled loans.
If you have information about the Precision Capital or The Oregon Fund, L.P., we encourage you to contact us by emailing info@bankslawoffice.com.