Marlin Hershey, Dana Bradley
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
- Performance Holdings, Performance Retire on Rentals LLC, Distressed Lending Fund LLC, Moteng Funding LLC, Southeast Lot Acquisitions LLC
- Industry
- Unregistered securities offerings (real estate and lending funds)
- How investors were recruited
- Solicited the same group of investors repeatedly for different projects
- Pitch & red flags
- Offering materials said "nobody would be paid a commission", while they allegedly took commissions of about 10% of initial investments; undisclosed loans between entities to fund investor interest payments
Pitch phrases from this case
Source
U.S. Department of Justice official