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Cases / Investment funds & advisory

USA Retirement Management Services

John T. Burns III, Robert C. Pribilski, Mahmut Erhan Durmaz (aka Francois E. Durmaz)

ReportedMar 10, 2010
LocationNaperville, IL
Amount$28,000,000

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
USA Retirement Management Services
Industry
Promissory notes purportedly backed by Turkish bonds
How investors were recruited
Estate planning seminars aimed primarily at retirees in Illinois and California
Pitch & red flags
returns "absolutely and unconditionally" promised of 4.75 to 11 percent annually

Pitch phrases from this case

Source

SEC official

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