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Cases / Investment funds & advisory

Minnesota Print Services

Gerard Frank Cellette Jr.

ReportedNov 6, 2009
LocationAndover, MN
Amount$53,000,000

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
Minnesota Print Services
Industry
Purported printing contracts
How investors were recruited
Enticed more than 100 investors from Minnesota, California, Georgia and Illinois between 2005 and 2009
Pitch & red flags
Promised returns of "10-12 percent within a couple of months" on backing printing contracts that were reportedly fictitious

Pitch phrases from this case

Source

piworld.com

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