Cases / Investment funds & advisory
Time Payroll
David L. Downey
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
- Time Payroll
- Industry
- Payroll services / employment tax remittance (client funds)
- How investors were recruited
- Business clients of his payroll services company
- Pitch & red flags
- Held client funds for payroll taxes but did not pay them to the IRS, using one client's money to cover tax shortages created for other clients
Source
Related cases · Investment funds & advisory
All investment funds & advisory cases →