Cases / Investment funds & advisory
Air Travel Ticketing Corp, MH Lux & Beauty Inc
Francius Marganda
ReportedNov 10, 2023
LocationJakarta, Indonesia
Amount$23,000,000
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
- Air Travel Ticketing Corp, MH Lux & Beauty Inc
- Industry
- Discount airline tickets / money-transfer programs
- How investors were recruited
- Mainly customers of his ticketing business and the Indonesian/Indo-American community in 12+ states and Indonesia.
- Pitch & red flags
- "High rates of return", often as high as 200% or more, in 'Easy Transfer' and 'Global Transfer' programs.
Pitch phrases from this case
Source
U.S. Department of Justice official