Cases / Investment funds & advisory
David W. McQueen, Trent Francke
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
- Accelerated Income Group, Multiple Return Transactions, International Opportunity Consultants, Diversified Liquid Asset Holdings, Diversified Global Finance
- Industry
- Investment fund feeding a high-yield program (MRT)
- How investors were recruited
- Insurance agents sold to their clients, often unsophisticated elderly investors (800+ families)
- Pitch & red flags
- Promised "5-6%" returns via AIG; MRT promised "10% per month or higher"; fake monthly statements
Pitch phrases from this case
Source
U.S. Department of Justice official
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