Cases / Trading, forex & commodities
The Leverage Group
Philip G. Barry
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
- The Leverage Group
- Industry
- Stock options trading fund
- How investors were recruited
- Brought in investors with guarantees of positive returns, fabricated account statements, claims of safety and promises of easy withdrawals.
- Pitch & red flags
- Claimed annual returns "ranging from the recent 12.55 percent to a high of 21 percent back in 1979"; falsely said accounts were SIPC-protected; said money was only in stock options.
Pitch phrases from this case
Source
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