Val E. Southwick
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
- VesCor Capital Corp, VesCor Capital Inc, Vescorp Capital LLC, VesCorp Capital IV-A LLC, VesCorp Capital IV-M LLC
- Industry
- Notes funding real estate development projects
- How investors were recruited
- Notably targeted senior citizens; more than 800 investors since the early 1990s.
- Pitch & red flags
- Promised annual returns of 8% to 24%; claimed real estate developments were "highly profitable" and investment risk was "nonexistent or extremely limited because investments were secured by recorded property interests or were highly collateralized"