Cases / Lending & cash advance
Netschi
Vance Moore II
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
- Netschi
- Industry
- ATM machine purchase and servicing investments
- How investors were recruited
- Solicited investments in ATMs said to be placed in retail locations.
- Pitch & red flags
- Told investors ATMs would "generate revenue streams" from withdrawal fees; about 90% of roughly 4,000 ATMs sold did not exist or were never owned by the defendants.
Pitch phrases from this case
Source
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