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Cases / Investment funds & advisory

Cranney Capital I LLC, Cranney Capital III Inc., Cranney Industries

John W. Cranney

ReportedJul 24, 2012
LocationBelmont, MA
Amount$10,400,000

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
Cranney Capital I LLC, Cranney Capital III Inc., Cranney Industries
Industry
Purported investment fund
How investors were recruited
His Shaklee (multi-level marketing) distributor network, plus family, friends and colleagues
Pitch & red flags
"high returns on safe investments"; posed as financial advisor/fund manager

Pitch phrases from this case

Source

quackwatch.org

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