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Cases / Investment funds & advisory

Gelsco Inc

Matthew Scott

ReportedOct 29, 2009
LocationElmhurst, IL
Amount$28,000,000

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
Gelsco Inc
Industry
Purported resale of high-speed commercial printers
Pitch & red flags
Claimed "there were specific buyers and sellers of printers"; said Gelsco raised printer prices about 20 percent and earned profits "usually within 90 days or less", which he promised to split with investors

Pitch phrases from this case

Source

FBI official

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