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Cases / Trading, forex & commodities

Tycoon Trading LLC, The Daily Bread Fund LLC

Garrett Elder

ReportedMar 14, 2023
LocationAnchorage, AK
Amount$25,000,000

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
Tycoon Trading LLC, The Daily Bread Fund LLC
Industry
Stock and foreign currency trading
How investors were recruited
Told family and friends about his trading business, then kept soliciting new investors after losses
Pitch & red flags
Presented himself as "a successful trader"; false quarterly reports showing positive returns

Pitch phrases from this case

Source

U.S. Department of Justice official

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