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Cases / Real estate

CFS Inc.

Charles Blackwelder

ReportedJul 6, 2014
LocationCarmel, IN
Amount$23,000,000

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
CFS Inc.
Industry
Real estate ownership interests sold to elderly (Medicaid spend-down planning)
How investors were recruited
Elderly clients seeking to avoid Medicaid spend-down requirements
Pitch & red flags
marketed as "a legitimate investment option for the elderly to invest some of their money to avoid Medicaid spend-down requirements"

Source

ponzitracker.com

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