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Cases / Investment funds & advisory

PJI Distribution Corporation

Ira J. Pressman

ReportedJun 3, 2011
LocationBala Cynwyd, PA
Amount$6,000,000

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
PJI Distribution Corporation
Industry
Closeout / overstock merchandise deals
How investors were recruited
Solicited about 20 individual investors for closeout merchandise deals.
Pitch & red flags
"no risk returns of up to 100 percent annually"

Pitch phrases from this case

Source

FBI official

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