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Cases / Investment funds & advisory

Wealth Resources Inc., Wealth Resources LLC

Martin T. Wegener

ReportedJun 17, 2010
LocationGrand Rapids, MI
Amount$6,500,000

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
Wealth Resources Inc., Wealth Resources LLC
Industry
Purported securities, mutual funds and private companies
How investors were recruited
Brokerage customers.
Pitch & red flags
Said he would invest funds in securities through Wealth Resources; sent purported "brokerage account" statements falsely showing holdings in publicly traded stocks, mutual funds and private companies

Pitch phrases from this case

Source

SEC official

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