Cases / Investment funds & advisory
John K. Eckerd Jr., Afif Baltagi
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.
- Industry
- Off-the-road tire purchase and resale
- How investors were recruited
- Face-to-face meetings, phone calls, texts and emails; used private planes to show wealth and provided elaborate fraudulent paperwork
- Pitch & red flags
- Promised "a 15 to 20 percent rate of return" generally within 180 days; same tires sold as the basis for multiple deals
Pitch phrases from this case
Source
U.S. Department of Justice official
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