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Cases / Real estate

The Lifepay Group LLC, SMDRE LLC

Clifton E. Stanley, Michael E. Watts

ReportedApr 9, 2018
LocationHouston, TX
Amount$3,800,000

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
The Lifepay Group LLC, SMDRE LLC
Industry
Retirement planning and real estate investments
How investors were recruited
At least 30 elderly investors' retirement savings
Pitch & red flags
"baseless promises and claims of outsized investment returns"; investors urged to roll over investments

Pitch phrases from this case

Source

SEC official

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