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Cases / Real estate

Claud R. Koerber (aka Rick Koerber)

ReportedMay 26, 2009
LocationAlpine, UT
Amount$100,000,000

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
Founders Capital, Franklin Squires Investments, Franklin Squires Companies
Industry
Real estate investments
How investors were recruited
Seminars, phone calls, mailings, radio programs, web sites and advertisements.
Pitch & red flags
Promised interest of 1 to 10 percent monthly, with security or collateralization of 50 to 150 percent.

Source

FBI official

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