Cases / Investment funds & advisory
Razel Canedo (aka Razel Torres, Razel Agravante)
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
- Lady of Lourdes Home Care & Medical Staffing Inc, K&K Nannies & More Inc
- Industry
- Purported nurse and nanny placement companies for Filipino immigrants
- How investors were recruited
- Targeted the Filipino immigrant community in New York City; early payments encouraged investors to recruit others
- Pitch & red flags
- "Three percent per month to 50 percent per year"; claimed investors could "withdraw their principal at any time with no losses"
Pitch phrases from this case
- “three percent per month to 50 percent per year”
- “withdraw their principal at any time with no losses”
Source
U.S. Department of Justice official
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