Cases / Investment funds & advisory
PhoneCard USA
Istvan Merchenthaler (aka Steve Merchenthaler)
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
- PhoneCard USA
- Industry
- Prepaid phone card / cell phone distribution
- How investors were recruited
- Approached investors directly with marketing materials.
- Pitch & red flags
- Materials promised "exponential growth" and "generous returns"; claimed "lucrative contracts" with Walmart, 7-Eleven and BJ's Wholesale Club (none existed)
Pitch phrases from this case
Source
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