Cases / Investment funds & advisory
Richard Elkinson
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
- Promissory notes funding purported police and prison uniform contracts from a Japanese manufacturer
- How investors were recruited
- Solicited about 130 investors to buy promissory notes
- Pitch & red flags
- Notes paying "9 percent to 13 percent" interest over 330-360 days; claimed banks would not lend on unexecuted contracts; offered rollover of principal and interest into new notes
Pitch phrases from this case
Source
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