Cases / Lending & cash advance
Jack Utsick, Robert Yeager, Donna Yeager
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
- Worldwide Entertainment Inc., Entertainment Group Fund Inc., American Enterprises Inc., Entertainment Funds Inc.
- Industry
- Concert and theatrical production financing (loan agreements, LLC units)
- How investors were recruited
- Over 3,300 investors nationwide; sold through the Yeagers and others who were paid over $7 million in undisclosed commissions
- Pitch & red flags
- annual returns of "15% to 25%" plus "an additional 3% of the profits"; money said to fund specific events for artists like Shania Twain and Elton John
Pitch phrases from this case
Source
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