Cases / Trading, forex & commodities
Guaranty Reserves Trust, Marcum Companies LLC
John K. Marcum
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
- Guaranty Reserves Trust, Marcum Companies LLC
- Industry
- Stock day-trading fund (self-directed IRAs)
- How investors were recruited
- Marketed himself as a successful trader and asset manager and helped investors set up self-directed IRA accounts he controlled
- Pitch & red flags
- promised "annual returns of more than 20 percent"; principal "guaranteed" and would "never be at risk"; claimed principal was "federally insured"
Pitch phrases from this case
Source
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