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Cases / Insurance-linked

Global Corporate Alliance

Duncan J. MacDonald III, Gloria Solomon

ReportedJun 17, 2013
LocationDallas, TX
Amount$10,000,000

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
Global Corporate Alliance
Industry
Limited-benefit medical insurance company
How investors were recruited
Pitches to individual investors and brokers
Pitch & red flags
"a proven business with a strong track record"; claimed "more than 100,000 premium-paying members"; ties to "a Chinese hedge fund"; fabricated enrollment statements

Pitch phrases from this case

Source

SEC official

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