Cases / Investment funds & advisory
Summit Asset Strategies
Chris Young Yoo
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
- Summit Asset Strategies
- Industry
- Investment funds investing primarily in South Korea
- How investors were recruited
- His investment-advisory clients; targeted those "he thought he could manipulate" and urged them to invest life savings, some selling homes or draining retirement accounts
- Pitch & red flags
- promised to invest clients' money "in funds he managed"; sent "fake account statements" showing them invested
Pitch phrases from this case
Source
U.S. Department of Justice official
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