Cases / Investment funds & advisory
Daniel Spitzer
ReportedJun 28, 2010
LocationSt. Thomas, U.S.V.I.
Amount$105,000,000
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.
- Industry
- Foreign currency investment funds
- How investors were recruited
- Sales agents solicited about 400 investors
- Pitch & red flags
- Told funds "had never lost money"; annual returns one year over 180 percent