Cap Exchange, Cap X
Peter Jerald Frommer
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
- Cap Exchange, Cap X
- Industry
- Purchase and resale of surplus property and distressed assets via auction websites
- How investors were recruited
- Directly solicited over 50 investors nationwide
- Pitch & red flags
- "Guaranteed" returns of 8 to 15 percent in cycles "as short as six weeks"; false account statements