Cases / Investment funds & advisory
The Bottom Line of South Florida Inc, Summit Trading LLC
Andres L. Pimstein
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
- The Bottom Line of South Florida Inc, Summit Trading LLC
- Industry
- Purported export of consumer electronics to a Chilean department store chain (investment securities)
- How investors were recruited
- Agents solicited at least 80 investors in five states on behalf of the defendants.
- Pitch & red flags
- Told funds would "buy iPods and other personal electronics from vendors in the United States for resale to Ripley Corp., S.A., a Chilean department store chain"; claimed advantage through family connections to Ripley's CEO
Source
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