Cases / Investment funds & advisory
A.L. Waters Capital LLC, Moneta Management, Port Huron Partners L.P.
Arnett L. Waters
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
- A.L. Waters Capital LLC, Moneta Management, Port Huron Partners L.P.
- Industry
- Sham investment partnerships plus rare coin sales
- How investors were recruited
- At least 13 investors, including his own church, which gave him $500,000 in March 2012
- Pitch & red flags
- told investors their investments "had generated substantial profits and would be returned to them in the near future"; coins sold at ~600% markups
Source
U.S. Department of Justice official
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