Cases / Investment funds & advisory
LottoNet Operating Corp.
David Gray, Joseph A. Vitale
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- Company / entity
- LottoNet Operating Corp.
- Industry
- Online/cell-phone lottery ticket sales business (equity investment)
- How investors were recruited
- Boiler-room cold calling using prepared sales scripts
- Pitch & red flags
- "you're looking at a monthly dividend payout of $8,500 every month" on a $25,000 investment; 60% return described as the "worst case" if the company were sold
Pitch phrases from this case
Source
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