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Cases / Insurance-linked

Contemporary Benefits Design, Blackburg Financial

Harry Patrick Stokes

ReportedApr 29, 2014
LocationMonroe, NC
Amount$2,400,000

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
Contemporary Benefits Design, Blackburg Financial
Industry
Fictitious mutual fund sold by insurance agent
How investors were recruited
Dozens of investors including family and close friends (insurance clients)
Pitch & red flags
"Blackburg Financial earned a fixed 5.99% each year"

Pitch phrases from this case

Source

brokerwatch.com

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