Cases / Investment funds & advisory
Milowe Allen Brost, Gary Allen Sorenson, Larry Lee Adair, Ward K. Capstick, Bradley Dean Regier, Martin M. Werner
ReportedJun 10, 2010
LocationCalgary, Canada
Amount$300,000,000
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
- SGD, Merendon Mining Corp. Ltd., Merendon Mining (Nevada) Inc., Institute for Financial Learning Group of Companies Inc.
- Industry
- Purported gold mining (Honduras)
- How investors were recruited
- Sales seminars by Brost's team of 'Structurists'; investor tours of Sorenson's Honduran refinery
- Pitch & red flags
- "18 to 36 percent annual returns"; claimed investments "fully collateralized by gold"