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Cases / Real estate

Equity Capital Investments LLC

Randy Poulson

ReportedMay 14, 2014
LocationWoolwich Township, NJ
Amount$3,000,000

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
Equity Capital Investments LLC
Industry
Real estate acquisition/rehab and mortgage foreclosure rescue
How investors were recruited
Real estate investing seminars (three weekend-long), monthly dinner speeches and private tutorials; former president of the South Jersey Real Estate Investment Club
Pitch & red flags
Promised "10 to 20 percent return on the investment"; obtained deeds from homeowners facing foreclosure by promising to pay their mortgages

Pitch phrases from this case

Source

FBI official

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