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Cases / Real estate

Increasing Fortune Inc.

Scott J. Wolas (aka Eugene Grathwohl)

ReportedSep 21, 2016
LocationQuincy, MA
Amount$1,700,000

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
Increasing Fortune Inc.
Industry
Real estate development (Beachcomber Bar property, Quincy)
How investors were recruited
Solicited while working as a Century 21 real estate agent under the alias "Eugene Grathwohl"
Pitch & red flags
promised "at least 125% of the profits" from home construction

Pitch phrases from this case

Source

U.S. Department of Justice official

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