Client sues RIA after advisor allegedly calls $10M bond "guaranteed"

A Puerto Rico video-game studio is suing its former advisor, alleging a $10 million bond pitched as "guaranteed" turned into a near-total loss. 

Gamer Robot, LLC, the studio behind the Roblox hit "Blox Fruits," has accused Colorado-based Accelerated Wealth Advisors and two of its representatives, Bill J. Walton and Luke Vanzo, of steering it into a speculative municipal bond tied to a New Jersey waste-processing plant — then assuring the client the investment was bulletproof as the project ran into trouble. 

The lawsuit, filed in the U.S. District Court for the District of Puerto Rico (Gamer Robot, LLC v. Walton et al., No. 3:26-cv-01021), centers on a $10 million purchase of subordinated revenue bonds financing the Aries Linden biosolids gasification facility, described in court filings as a "first-of-its-kind" project. According to the filings, the bonds carried a 12.5% coupon — a yield the studio says reflected severe distress, not opportunity, with rates climbing from roughly 6.75% in 2019 to 8.5% in 2021 before reaching 12.5% in 2023 and 2024. 

The most pointed allegations involve a February 25, 2025 quarterly review call. Walton allegedly told the studio there was "no risk of loss of money" "from a realistic standpoint" and called the investment "guaranteed" because a "multi-billion dollar family office" stood behind it. He reportedly described it as "going screamingly well" and said "everyone in America would have to lose their money for that [investment] not to be guaranteed". 

The reassurances didn't hold for long. In October 2025, the trustee for the senior Aries bonds declared events of default, and senior holders received only a partial payment of roughly $41.50 per $1,000 of principal. By December, Aries Linden had announced it was idling its plant and laying off substantially all employees after failing to attract new investors. 

The advisors are pushing back. In an April 2026 motion to dismiss, they argue the "guaranteed" remarks were made after the bonds were already purchased on December 26, 2024 — and so could not have induced the trade — and that none of the alleged statements are attributed to Vanzo. They also point out the advisory agreement gave the firm discretionary authority to trade "without consulting Client regarding each sale or purchase", and that the $10 million was about one-tenth of an expected $100 million-plus portfolio, with roughly $30 million already parked in conservative cash-management products such as U.S. Treasuries. 

The advisors also dispute the studio's claim that the investment is "effectively a complete loss." They cite an April 2026 announcement from Aries Clean Technologies that the bonds have been restructured and that the issuer has resumed interest payments to holders of the 2023 and 2024 series, including Gamer Robot. 

Gamer Robot's principal, Robert Hoffecker, has also brought a separate, broader case personally and through a trust, sweeping in real estate co-investments in Tennessee and other private deals. He has parallel arbitrations pending — one before the American Arbitration Association against Walton and the firm, and another before FINRA against broker-dealer Sanders Morris LLC. 

No determination on the merits has been made.