Cases / Trading, forex & commodities
Queen Shoals LLC, Queen Shoals II LLC, Select Fund LLC
Sidney S. Hanson, Charlotte M. Hanson
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
- Queen Shoals LLC, Queen Shoals II LLC, Select Fund LLC
- Industry
- Forex trading (promissory notes)
- How investors were recruited
- Personal solicitations and a website; per the SEC, also church gatherings, face-to-face meetings and a network of at least 45 "consultants".
- Pitch & red flags
- Promised 8 to 24 percent a year on notes; claimed "non-depletion accounts" that would "guarantee that the customer will receive the return of invested principal"; SEC says funds were "safe in a diversified portfolio of treasury bills, precious metals, and foreign currency".
Pitch phrases from this case
Source
Related cases · Trading, forex & commodities
All trading, forex & commodities cases →