Cases / Lending & cash advance
All States ATM Inc
Richard M. Hersch
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
- All States ATM Inc
- Industry
- ATMs and check-cashing/loan services at horse racing track backsides
- How investors were recruited
- Direct recruitment of about 100 investors.
- Pitch & red flags
- Promised "two to six percent per week on investments"; claimed 160 employees and hundreds of ATMs, in business eight years; the tracks denied any contracts.
Pitch phrases from this case
Source
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