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Cases / Real estate

Royal West Properties Inc

Gaston E. Cantens, Teresita Cantens

ReportedMar 3, 2010
LocationMiami, FL
Amount$135,000,000

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
Royal West Properties Inc
Industry
Real estate promissory notes
How investors were recruited
Affinity fraud in the Cuban-American community: Jesuit priest endorsements, elderly investors at charitable, religious and social gatherings, a local boys' school, Spanish-language TV commercials
Pitch & red flags
Annual returns of "9 to 16%"; claimed to be "personally worth over $65 million"; recorded mortgage assignments offered as collateral

Pitch phrases from this case

Source

SEC official

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