Martin T. Sigillito, James Scott Brown, Derek J. Smith
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
- British Lending Program, Martin T. Sigillito and Associates Ltd, British American Group, J. Scott Brown and Associates
- Industry
- Short-term high-interest loans presented as real estate development funding
- How investors were recruited
- Third-party recruiters and marketing packets
- Pitch & red flags
- "Little or no risk of not being repaid in full"; claimed Smith's assets exceeded liabilities "by a ratio of at least 2-to-1"; "unique ability to identify undervalued properties"
Pitch phrases from this case
- “by a ratio of at least 2-to-1”
- “little or no risk of not being repaid in full”
- “unique ability to identify undervalued properties”
Source
U.S. Department of Justice official