John Sposato
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
- Pegasus Investment & Development Corporation LLC, Pegasus Investments, Oil Eaters LLC, Organic Miracle Incorporation, S&J Corporate Properties LLC, Pegasus Demolition & Debris Removal Service LLC, Pegasus Truck Lines Inc
- Industry
- International bank instruments, oil remediation products, real estate
- How investors were recruited
- Word-of-mouth and e-mail; falsely claimed expertise in financial investing
- Pitch & red flags
- Promised "$25,000 within approximately two weeks" on Gulf of Mexico oil remediation work and "up to $3,000,000 within one year" on fertilizer purchases
Pitch phrases from this case
Source
U.S. Department of Justice official