Cases / Investment funds & advisory
Permian Basin Proppants Inc.
Marco Perez Jr. (aka Sully Perez)
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
- Permian Basin Proppants Inc.
- Industry
- Frac sand purchase and resale
- How investors were recruited
- Touted his veteran status to target current and former military members and their retirement funds; about 265 investors
- Pitch & red flags
- Investors promised their "entire investment plus an additional return"; funds said to buy frac sand "at a discount" and resell at a profit.
Pitch phrases from this case
Source
U.S. Department of Justice official
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