Cases / Energy & alternative assets
Zada Enterprises LLC
Joseph Paul Zada
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
- Zada Enterprises LLC
- Industry
- Oil ventures (purported Saudi oil investments), promissory notes
- How investors were recruited
- Attracted investors by projecting an image of great wealth: lavish parties, expensive cars and upscale homes in Wellington, FL and Grosse Pointe, MI
- Pitch & red flags
- Notes at 7-12% annually, some investors told they could earn "as much as 48 percent"; claimed "exclusive access to certain oil investments" and business contacts in Middle East oil-producing countries
Pitch phrases from this case
Source
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