Independent research site. Not affiliated with the SEC, CFTC, DOJ, FBI or any government agency.

Cases / Investment funds & advisory

J. David Salinas, Brian A. Bjork

ReportedAug 2, 2011
LocationHouston, TX
Amount$52,000,000

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
Select Asset Management LLC, Select Asset Fund I LLC, Select Asset Prime Index Fund LLC, J. David Group of Companies Inc., J. David Financial Group
Industry
Financial advisor to college sports; purported corporate bond offerings and private funds
How investors were recruited
College basketball coaching network (Friendswood, TX); coach-to-coach referrals
Pitch & red flags
trusted "money guy" for coaches; "safe, fixed income from highly-rated corporate and other bonds"; yields up to 9% (per InvestmentNews)

Pitch phrases from this case

Source

SEC official

Related cases · Investment funds & advisory

All investment funds & advisory cases →

Other cases in Texas

All Ponzi scheme cases in Texas →