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Cases / Real estate

A&O Companies

David L. Olson, Edward A. Allen

ReportedJun 29, 2011
LocationLakeland, FL
Amount$14,000,000

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
A&O Companies
Industry
Residential real estate / joint ventures (promissory notes)
How investors were recruited
Investors in Youngstown OH, Arizona, Florida and Texas.
Pitch & red flags
Up to 45 percent annual returns with monthly interest; notes "secured" by lakefront property whose lake had drained

Pitch phrases from this case

Source

FBI official

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