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Cases / Real estate

Sunburst Associates Inc

Louis J. Borstelmann

ReportedOct 26, 2010
LocationThousand Oaks, CA
Amount$18,000,000

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
Sunburst Associates Inc
Industry
Hard-money loans purportedly secured by real estate deeds of trust
How investors were recruited
About 100 individuals solicited (method not described)
Pitch & red flags
Promised "high rates of return and a security interest in the property allegedly pledged to secure the investment"

Source

FBI official

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