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Cases / Investment funds & advisory

ARO Equity LLC

Thomas David Renison, Timothy James Allcott

ReportedMar 15, 2018
LocationPeabody, MA
Amount$5,800,000

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
ARO Equity LLC
Industry
Private equity fund promissory notes
How investors were recruited
Seniors aged 70-80, many Renison's former insurance and investment advisory clients; some moved retirement funds into self-directed IRAs
Pitch & red flags
"8-12% yearly returns over three-to-five years"; investments described as "generally safe and somehow guaranteed"; claimed Boston office while run from a Peabody trailer park

Pitch phrases from this case

Source

itemlive.com

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