Cases / Investment funds & advisory
Antonio Carlos de Godoy Buzaneli, Jose Manuel Ordonez Jr.
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
- Providence Holdings International Inc., Providence Financial Investments Inc., Providence Fixed Income Fund LLC
- Industry
- Brazilian factoring (receivables) promissory notes
- How investors were recruited
- Unlicensed brokers paid commissions, including a St. Louis Park, MN financial advisory firm
- Pitch & red flags
- Promised "a 48 percent annual return"; notes at 12-24% interest; funds used "for the sole purpose" of buying Brazilian receivables
Pitch phrases from this case
Source
U.S. Department of Justice official
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