Cases / Lending & cash advance
Mac Investments Inc
Jeff Teitelbaum, Maria Gonzalez, William Hoberg, Christopher Livanos
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
- Mac Investments Inc
- Industry
- Cashless ATM business opportunity (sale of small ATM terminals)
- How investors were recruited
- Defendants marketed the cashless ATMs to investors (about 300 victims) through MAC, using multiple alias names when contacting them.
- Pitch & red flags
- Units sold at about $1,500 each; investors told they could expect revenues of $1 to $2 per ATM customer transaction, with machines placed in casinos, fast food restaurants and other retail establishments.
Source
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