Rey E. Grabato II, Thomas Nicholas Salzano, Arthur S. Scuttaro
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
- National Realty Investment Advisors LLC, NRIA Partners Portfolio Fund I LLC
- Industry
- Real estate development fund
- How investors were recruited
- Aggressive nationwide marketing: thousands of emails, billboard, TV and radio ads, meetings and presentations; 2,000+ investors
- Pitch & red flags
- marketing portrayed NRIA as "a solvent business that generated significant profits"; fixed-return real estate fund
Pitch phrases from this case
Source
U.S. Department of Justice official