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Cases / Real estate

Rumbaugh Financial Inc., Desert Strategic Equity LLC

Craig Rumbaugh

ReportedNov 24, 2020
LocationPalm Desert, CA
Amount$3,000,000

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
Rumbaugh Financial Inc., Desert Strategic Equity LLC
Industry
Promissory notes for short-term real estate developer loans (Susan Werth Ponzi)
How investors were recruited
Existing advisory clients of Rumbaugh Financial
Pitch & red flags
notes said to fund "short-term high interest rate loans to real estate developers"; undisclosed commissions

Pitch phrases from this case

Source

SEC official

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