Cases / Lending & cash advance
MCC Holdings, SLJ Holdings, STR America Holdings
Michael David Carroll
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
- MCC Holdings, SLJ Holdings, STR America Holdings
- Industry
- Short-term bridge loans
- How investors were recruited
- Pitched investors (including while incarcerated) on bridge loans, concealing his felon status and claiming prior charges had been dismissed
- Pitch & red flags
- promised "40 to 50 percent rates of return in just one to three months"; loans "backed by a bank and therefore guaranteed"
Pitch phrases from this case
- “40 to 50 percent rates of return in just one to three months”
- “backed by a bank and therefore guaranteed”
Source
U.S. Department of Justice official
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