Brendanwood Financial Brokerage LLC
Brian Simms
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
- Brendanwood Financial Brokerage LLC
- Industry
- Insurance products / purported investments
- How investors were recruited
- Induced existing clients to liquidate insurance products and reinvest with his company
- Pitch & red flags
- Told clients he would invest their money to "yield higher rates of return than their current investments"; urged them to cash out 401(k)s and life-insurance policies to reinvest with his firm; paid some with other investors' money presented as returns
Pitch phrases from this case
Source
U.S. Department of Justice official