Cases / Investment funds & advisory
Cash Rewards Inc
David Maloy
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
- Cash Rewards Inc
- Industry
- Merchant reward-certificate / advertising program funded by a 'claim fund'
- How investors were recruited
- Marketed to retail businesses as an advertising tool; setup fee of about $2,500 plus 15 cents per dollar into the claim fund
- Pitch & red flags
- Claimed claim-fund money sat in an escrow account run by an independent agent that CRI could not touch; independent administrator decides redemptions
Source
Related cases · Investment funds & advisory
All investment funds & advisory cases →