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Cases / Real estate

Alvin R. Brown

ReportedMar 12, 2013
LocationRedondo Beach, CA
Amount$3,000,000

This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.

Company / entity
First Choice Investment Inc., Advanced Corporate Enterprises Inc. (d/b/a A-Corp Enterprises)
Industry
Commercial and residential rental real estate investments
How investors were recruited
Targeted seniors and elderly investors; a victim with dementia was repeatedly contacted despite his daughter's power of attorney
Pitch & red flags
10% annual returns; IPO promised by end of 2012 that would yield "150 percent of their original investment"; website displayed seals implying endorsement

Pitch phrases from this case

Source

SEC official

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