Cases / Investment funds & advisory
Health Care Financial Partners
Maxwell B. Smith III
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
- Health Care Financial Partners
- Industry
- Fraudulent debt securities of a sham health care financing company
- How investors were recruited
- Sold to individual clients he had from his earlier financial services positions.
- Pitch & red flags
- Promised "yearly dividend interest of between 7.5 and 9 percent", said to be tax-free, like municipal bonds; gave a phony prospectus claiming holdings over $300 million.
Pitch phrases from this case
Source
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