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Cases / Real estate

Omega Property Group

Carolyn Grant

ReportedNov 13, 2012
LocationRaleigh, NC
Amount$13,600,000

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
Omega Property Group
Industry
Real estate development (e.g., Banner Elk townhomes)
How investors were recruited
Friends and associates
Pitch & red flags
Promised "high returns"; told investors their money went into real estate projects while it paid personal and business expenses and earlier investors

Pitch phrases from this case

Source

wral.com

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