Cases / Trading, forex & commodities
Richard Shusterman, Jonathan E. Rosenberg, Robert Feldman, Douglas A. Kuber
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
- International Portfolio Inc., United Consulting Inc., Account Receivable Services LLC
- Industry
- Medical accounts receivable (past-due patient debt portfolios) sold to hedge funds and investors
- How investors were recruited
- Promotional investment models for medical debt portfolios pitched to individual investors and fund managers (including Platinum Partners and Eton Park)
- Pitch & red flags
- Represented portfolios would hit specific collection and liquidation values; claimed about "$28.7 million in collections" when net collections were about $2 million
Pitch phrases from this case
Source
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