Cases / Lending & cash advance
Cornerstone Financial Corporation, K & B Investments LLC
Keith Kovick, Robert Congdon
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
- Cornerstone Financial Corporation, K & B Investments LLC
- Industry
- High-rate promissory notes (hard money lending)
- How investors were recruited
- At least 100 investors, mostly Montana residents
- Pitch & red flags
- Notes offering a "high rate of return, typically 15% annually"; told notes were "secured by real property having a value equal to or greater than the note"; first-year interest said to be held in escrow.
Pitch phrases from this case
- “high rate of return, typically 15% annually”
- “secured by real property having a value equal to or greater than the note”
Source
Related cases · Lending & cash advance
All lending & cash advance cases →