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Cases / Real estate

Management Solutions Inc, Thunder Bay Mortgage Company

Wendell A. Jacobson, Allen R. Jacobson

ReportedDec 15, 2011
LocationFountain Green, UT
Amount$220,000,000

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
Management Solutions Inc, Thunder Bay Mortgage Company
Industry
Real estate investments
How investors were recruited
Personal solicitation and word of mouth, using their membership in the Church of Jesus Christ of Latter-day Saints to gain trust.
Pitch & red flags
Promised annual returns of 5 to 8 percent plus additional profits on property sales.

Source

SEC official

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