Cases / Investment funds & advisory
Wendell Ray Spell
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
- North Georgia Equipment Sales LLC, Cornerstone International Investments LLC
- Industry
- Construction equipment purchase and resale
- How investors were recruited
- Investors from Gainesville, GA and elsewhere (more than 50 investors).
- Pitch & red flags
- Offered a 50/50 profit split to some investors and a 36% annual interest rate to others; provided fraudulent bills of sale and counterfeit documents.
Source
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