Cases / Investment funds & advisory
SG Investment Management
Claus C. Foerster
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
- SG Investment Management
- Industry
- Fictitious investment management firm (diverted client retirement funds)
- How investors were recruited
- Existing clients from his work as financial advisor at national investment firms
- Pitch & red flags
- claimed he had "located better investments than their current portfolio"; bogus account statements; small payments returned as "profits"
Pitch phrases from this case
Source
U.S. Department of Justice official
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