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Cases / Real estate

Giddeon Financial Services, Liberty Mortgage Services

Vincent Dispoto Jr.

ReportedMar 8, 2024
LocationBelmar, NJ
Amount$5,000,000

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
Giddeon Financial Services, Liberty Mortgage Services
Industry
Purported municipal bonds, CDs and mortgage loans to medical professionals
How investors were recruited
Vulnerable investors, many of them elderly
Pitch & red flags
pitched low-risk "municipal bonds and certificates of deposits" with guaranteed rates of return; Ponzi payments described as "returns"

Pitch phrases from this case

Source

U.S. Department of Justice official

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