National Note of Utah
Wayne LeMar Palmer, Julieann Martin
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
- National Note of Utah
- Industry
- Fixed-rate promissory notes (said to fund discounted mortgage notes, real estate loans, rental properties, a mint)
- How investors were recruited
- Palmer traveled nationwide recruiting investors; Martin contacted investors by phone, email and in person
- Pitch & red flags
- 12% annual return; told investments were "safe and guaranteed"; said NNU had "a perfect payment record and had never been late on a single investor payment"
Pitch phrases from this case
- “a perfect payment record and had never been late on a single investor payment”
- “safe and guaranteed”
Source
U.S. Department of Justice official