Cases / Investment funds & advisory
Cyprus Funds Inc.
Eric V. Bartoli
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
- Cyprus Funds Inc.
- Industry
- Certificates of deposit and unregistered mutual funds
- How investors were recruited
- About 800 investors in Latin America and the U.S., including retirees
- Pitch & red flags
- Promised "high yields and low risk on blue-chip stocks"; paid interest to investors with funds diverted from other investors
Pitch phrases from this case
Source
U.S. Department of Justice official
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