Cases / Lending & cash advance
Floyd's Insurance Agency, Monthly Payment Plan
Joseph W. Floyd IV, William F. Floyd Jr.
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
- Floyd's Insurance Agency, Monthly Payment Plan
- Industry
- Interest-bearing promissory notes (insurance agency "loan program")
- How investors were recruited
- More than 150 individuals and businesses in Southeastern North Carolina and elsewhere
- Pitch & red flags
- notes described as a "safe and conservative investment, comparable to a traditional money market account"; interest of 6% to 10% with one-year principal repayment
Source
U.S. Department of Justice official
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