Seku N. Shabazz (aka Jason Brooks)
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.
- Industry
- Private loans purportedly used to make mortgage loans to real estate companies and developers
- How investors were recruited
- Allegedly solicited individuals, mainly in Greater Cleveland, to loan him money while he was president and CEO of a wealth management and financial advisory firm.
- Pitch & red flags
- Investors were told their loans would let him raise capital "to make mortgage loans to real estate companies, developers, and other entities"; the money allegedly funded his lifestyle and "some payments to earlier investors."
Pitch phrases from this case
- “some payments to earlier investors”
- “to make mortgage loans to real estate companies, developers, and other entities”
Source
U.S. Department of Justice official