Cases / Legal & litigation funding
James A. Torchia
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
- Credit Nation Capital LLC, Credit Nation Acceptance LLC, Credit Nation Auto Sales LLC, American Motor Credit LLC, Spaghetti Junction LLC
- Industry
- Promissory notes and life settlement fractional interests (auto finance business)
- How investors were recruited
- Radio ads, many aired on the Rush Limbaugh show, reaching "elderly and unsophisticated investors"
- Pitch & red flags
- Promised 9% on notes; claimed "100% asset backed" and "backed by hard assets dollar for dollar"
Pitch phrases from this case
Source
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