Lawrence P. Schmidt
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
- Commercial Equity Partners Ltd, FutureGen Company (FutureGen Capital), FGC Distressed Assets Investment #1 LLC, FutureGen Capital DDA CG Fund LLC, FGC Tax Lien Fund #2 LLC, FGC Trading Fund #1 LLC, FGC SPE No 1 LLC, FGC SPE No 2 LLC, FGC CM Note Fund LLC
- Industry
- Tax liens, distressed assets, bridge and multi-family property loans
- How investors were recruited
- Created a "web of seemingly legitimate companies" to "entice investment"; over 200 investors 2008-2014
- Pitch & red flags
- Interest of roughly 7% to 13% annually