Independent research site. Not affiliated with the SEC, CFTC, DOJ, FBI or any government agency.

Cases / Investment funds & advisory

Richard Allen Freer

ReportedSep 27, 2013
LocationPalmer Township, PA
Amount$10,000,000

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.

Industry
Purported investments as investment counselor (funds went to personal account)
How investors were recruited
Personal recommendations and family referrals; at least 90 victims
Pitch & red flags
solicited residents to "invest in real estate" but deposited the money into his personal account

Pitch phrases from this case

Source

6abc.com

Related cases · Investment funds & advisory

All investment funds & advisory cases →

Other cases in Pennsylvania

All Ponzi scheme cases in Pennsylvania →