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Cases / Real estate

Omega Investment Group

Edwin Salazar, Michael Zuniga

ReportedJun 8, 2012
LocationDowney, CA
Amount$1,300,000

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
Omega Investment Group
Industry
Foreclosed real estate promissory notes
How investors were recruited
Latino and senior clients befriended through their insurance business; some persuaded to refinance their homes
Pitch & red flags
"15 percent secured interest annually"; one-year promissory notes; claimed three years of buying and selling foreclosures

Pitch phrases from this case

Source

insurance.ca.gov official

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