Michael Franks LLC
Michael Morawski, Frank Constant
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
- Michael Franks LLC
- Industry
- Multi-family residential real estate / real estate funds (promissory notes)
- How investors were recruited
- Commissions paid to people who raised new funds; quarterly newsletters
- Pitch & red flags
- Returns "between seven and nine percent annually, and potentially more upon the sale of the property"; real-estate funds paying "between 8 and 30 percent per year"