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Cases / Investment funds & advisory

JCS Enterprises Inc, T.B.T.I. Inc

Joseph Signore, Paul L. Schumack II

ReportedApr 8, 2014
LocationWest Palm Beach, FL
Amount$40,000,000

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
JCS Enterprises Inc, T.B.T.I. Inc
Industry
Virtual Concierge Machines (advertising kiosks)
How investors were recruited
YouTube videos, email solicitations and investor seminars
Pitch & red flags
"guaranteed returns of 300 to 500 percent in four years"; investors would "do nothing to earn returns"; YouTube ad "What an amazing car! How can you afford this?" "My Virtual Concierge"

Pitch phrases from this case

Source

SEC official

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