Cases / Trading, forex & commodities
Global Prosperity Fund, Castle Rock Trading Company
Joseph A. Ferona
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
- Global Prosperity Fund, Castle Rock Trading Company
- Industry
- Hedge fund trading equities and options
- How investors were recruited
- Direct solicitation; presented himself as an investment advisor, private investment banker and financial analyst
- Pitch & red flags
- Claimed annual returns above 40 percent (50 percent projected for 2005); "double digit returns during both good and bad market conditions"
Pitch phrases from this case
Source
U.S. Department of Justice official
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