Cases / Investment funds & advisory
Saber Funds, Vicor Tax Receivables LLP, Vidon Capital Partners LLC
Vincent P. Falci
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- Company / entity
- Saber Funds, Vicor Tax Receivables LLP, Vidon Capital Partners LLC
- Industry
- Purported tax-lien fund (conservative investments)
- How investors were recruited
- Friends, family and associates of the Middletown fire chief, including police officers, firefighters and first-responder retirement funds; later financial-industry professionals (Vicor Fund)
- Pitch & red flags
- Claimed conservative tax-lien investments; touted his investment skill and experience while telling investors their funds were growing year after year, concealing losses
Source
U.S. Department of Justice official
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