Cases / Trading, forex & commodities
First Capital Savings & Loan Ltd.
Jeffery A. Lowrance
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
- First Capital Savings & Loan Ltd.
- Industry
- Foreign currency trading program
- How investors were recruited
- Appealed to shared Christian values and limited-government political views; advertised in his own startup newspaper USA Tomorrow, distributed at a 2008 political rally in Minneapolis
- Pitch & red flags
- Monthly returns of up to 7.15%; "predictable monthly income"; some investors told the investment was guaranteed and given fraudulent letters of credit
Pitch phrases from this case
Source
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