Cases / Energy & alternative assets
Platinum Business Industries
Eric Riley Merkle, Jay Vernon Merkle
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
- Platinum Business Industries
- Industry
- Oil and gas exploration in Oklahoma
- How investors were recruited
- Brothers used relationships in their church community and extended family; more than 600 victims.
- Pitch & red flags
- Promised returns "as high as 6 percent per month, or 300 percent over three to five years"; new investor money paid earlier investors
Pitch phrases from this case
Source
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