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Cases / Lending & cash advance

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Norman Hsu

ReportedOct 6, 2008
LocationNY
Amount$60,000,000

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
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Industry
Purported bridge loans to overseas (Chinese apparel and technology) businesses
How investors were recruited
Presented himself as an international businessman with high-level overseas contacts; political contributions created "a veneer of respectability".
Pitch & red flags
Promised returns of "14 to 24 percent every 70 to 130 days".

Pitch phrases from this case

Source

SEC official

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