Cases / Investment funds & advisory
Angelo A. Alleca
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
- Summit Wealth Management Inc, Private Credit Opportunities Fund LLC, Asset Class Diversification Fund LP
- Industry
- Investment adviser funds (fund-of-funds)
- How investors were recruited
- Existing wealth-management clients (about 200 clients).
- Pitch & red flags
- Allegedly told clients he was investing their money in funds, but instead traded in the stock market without success; new funds were created to pay earlier redemption requests.
Source
Related cases · Investment funds & advisory
All investment funds & advisory cases →