Cases / Trading, forex & commodities
Promitor Capital Management LLC
William J. Wells
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
- Promitor Capital Management LLC
- Industry
- Stock fund (actually high-risk options trading)
- How investors were recruited
- Dozens of investors; falsely claimed to be a registered investment adviser
- Pitch & red flags
- Fake account statements with inflated performance; "My explanation is that I'm an idiot"
Pitch phrases from this case
Source
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