Cases / Investment funds & advisory
Chemical Trust, U.S. Guarantee Corp, United Marketing Trust
Virgil W. Womack, Clifton Wilkinson, Lewey L. Cato III, Alvin A. Tang, Kurtis Keith Lowe, Woody Keith Lowe, Jerry Lynn Ruyle, Robert Alen Blackburn
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
- Chemical Trust, U.S. Guarantee Corp, United Marketing Trust
- Industry
- Investment contracts purportedly backed by U.S. Treasury notes and distressed properties, with a security bond
- How investors were recruited
- Lowe, Ruyle and Blackburn allegedly sold the notes to their insurance clients, mostly elderly Texas residents (related SEC action, Jan 2002).
- Pitch & red flags
- Promised returns of "between 9.25% to 15% annually, depending upon the amount invested"; funds said to be "100% guaranteed through a security bond".
Pitch phrases from this case
- “100% guaranteed through a security bond”
- “between 9.25% to 15% annually, depending upon the amount invested”
Source
Related cases · Investment funds & advisory
All investment funds & advisory cases →