Cases / Investment funds & advisory
Lambert Vander Tuig, Ben Schactschneider
ReportedJul 2, 2021
LocationWY
Amount$763,500
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
- Capital Development Resources, Biosynetics Management, Galileo Labs Inc
- Industry
- Purported private placements in Biosynetics (sleep-aid product)
- How investors were recruited
- Cold-calling with aliases; about 28 investors
- Pitch & red flags
- Claimed funds would go to "research and development"; called Biosynetics "an established pharmaceutical or nutraceutical company"; claimed agreements with large retailers