Elva Group
Armand R. Franquelin, Martin A. Pool
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
- Elva Group
- Industry
- Real estate purchase and development
- How investors were recruited
- Persuaded investors to convert traditional IRAs into self-directed IRAs to buy Elva notes
- Pitch & red flags
- promissory notes promising "monthly interest payments at annual rates between 8 percent and 20 percent"; funds to develop Haven Estates, loans "secure[d]" by "first lien positions" in the property