Derek A. Nelson
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
- Capital Mountain Holding Corporation, Systems XXI Act I LLC, Systems XXI Act II LLC
- Industry
- Real estate promissory notes (acquisition and rehabilitation of real estate)
- How investors were recruited
- Website marketing and a Canada-based investment club
- Pitch & red flags
- CMHC notes promised 10% monthly interest for three months; Act I notes 18% annually for two years; Act II notes 21% annually for five years; claimed funds were "more secure" and that 90% of Act I and II funds would acquire real estate