Cases / Investment funds & advisory
Borg Investment Bank & Capital Trust
Roosevelt Tobias Bailey, Alvin C. Jones
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
- Borg Investment Bank & Capital Trust
- Industry
- Prime bank instruments / standby letters of credit; gold and diamond transactions
- How investors were recruited
- Bailey used his own contacts and "referral agents" to find investors, pitching via conference calls, Zoom meetings, email, WhatsApp and in-person meetings in New Jersey and New York
- Pitch & red flags
- Claimed funds would "monetize" standby letters of credit "to generate high returns"; attorney trust account used to handle investor money
Pitch phrases from this case
Source
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