Cases / Investment funds & advisory
NewPoint Financial Services Inc.
John Farahi, Gissou Rastegar Farahi, Elaheh Amouei
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
- NewPoint Financial Services Inc.
- Industry
- Debentures falsely marketed as FDIC-insured CDs, government bonds or TARP-backed corporate bonds
- How investors were recruited
- Daily finance radio program he hosted on a Farsi-language Los Angeles station (KIRN-AM); appointments with listeners in the Iranian-American community
- Pitch & red flags
- "low-risk" securities with guaranteed full recovery of investment; claimed FDIC-insured CDs and TARP-backed bonds
Pitch phrases from this case
Source
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