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Cases / Investment funds & advisory

Accelerated Funding Group

Jeanetta M. Standefor

ReportedMay 14, 2008
LocationAltadena, CA
Amount$18,000,000

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
Accelerated Funding Group
Industry
Foreclosure reinstatement (curing defaults on distressed residential properties)
How investors were recruited
Word-of-mouth, a website, and testimonials from seemingly successful African-American investors; over 600 investors
Pitch & red flags
Promised returns of up to 50% in 30-45 days; principal "safely returned within 72 hours"; marketed as "virtually risk free"

Pitch phrases from this case

Source

SEC official

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