Independent research site. Not affiliated with the SEC, CFTC, DOJ, FBI or any government agency.

Cases / Insurance-linked

Berjac of Portland, Berjac of Oregon

Michael Holcomb, Gary Holcomb, Kristen Van Breemen, Jennifer Chalmers

ReportedNov 25, 2015
LocationMI
Amount$43,000,000

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
Berjac of Portland, Berjac of Oregon
Industry
Insurance premium financing
How investors were recruited
More than 400 Oregon investors, many saving for college and retirement, solicited to fund the family's insurance premium finance loans
Pitch & red flags
"safe and financially stable" above-average returns; could withdraw anytime; company "has never missed or otherwise defaulted on an interest payment"

Pitch phrases from this case

Source

ponzitracker.com

Related cases · Insurance-linked

All insurance-linked cases →

Other cases in Michigan

All Ponzi scheme cases in Michigan →