Guy W. Gane Jr., Lorenzo Altadonna
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
- Watermark Financial Services Group Inc, Watermark M-One Holdings Inc, M-One Financial Services LLC, Watermark Capital Group LLC
- Industry
- Debentures and promissory notes (purported real estate purchase and development)
- How investors were recruited
- About 90 Buffalo-area investors, many senior citizens, who were existing annuity and mutual-fund clients of the registered representatives; persuaded to cash out other investments and IRAs.
- Pitch & red flags
- Investors told their money would be used to purchase or develop real estate