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Cases / Real estate

Gen-See Capital Corp (aka Gen Unlimited)

Richard S. Piccoli

ReportedJan 8, 2009
LocationBuffalo, NY
Amount$17,000,000

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.

Company / entity
Gen-See Capital Corp (aka Gen Unlimited)
Industry
Purported discounted residential mortgages
How investors were recruited
Ads in church and diocese newsletters targeting clergy, Catholics and seniors
Pitch & red flags
"guaranteed" returns of 7.1% to 8.3% per annum with no fees or commissions; "high quality" mortgages

Pitch phrases from this case

Source

SEC official

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