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Cases / Investment funds & advisory

Panoptic Studios Inc, Panoptic Corporation

Paul Joseph Cirigliano (aka Paul Cirano)

ReportedFeb 25, 2011
LocationWauconda, IL
Amount$1,800,000

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
Panoptic Studios Inc, Panoptic Corporation
Industry
Resale of used analog video/recording equipment
How investors were recruited
About 40 individual investors in Illinois suburbs (Lake Barrington, Schaumburg, Elmhurst, Frankfort) plus Michigan, Wisconsin and Ohio.
Pitch & red flags
Promised returns "as much as a 20 percent return within 30 days"; sent fictitious profit statements

Pitch phrases from this case

Source

dailyherald.com

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