Cases / Energy & alternative assets
North Dakota Developments LLC
Robert L. Gavin, Daniel J. Hogan
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
- North Dakota Developments LLC
- Industry
- Temporary housing units ("man camps") for Bakken oil workers
- How investors were recruited
- Company website, print/online ads, seminars, conference calls and commission-paid agents
- Pitch & red flags
- "projected first year income of 36% to 42%"; "48% - 56%" average returns over ten years; optional guaranteed return of 23.5%; undisclosed 20% agent commissions
Pitch phrases from this case
Source
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