Cash Flow Note Seller Used Loophole To Bilk Investors

Despite his criminal past involving bank fraud, cash flow note seller Frederick Darren Berg was able to freely operate what federal authorities now charge was an elaborate Ponzi scheme that bilked 1,000 Seattle-area investors out of at least $100 million.

That’s because Berg set up his Meridian investment funds as “private offerings” — a category supposedly reserved for experienced investors rather than the general public — which guaranteed virtually no federal or state oversight over his actions or protection for the buyers.

Read more:  http://www.bizjournals.com/seattle/print-edition/2010/11/05/how-darren-berg-sold-funds-widely.html#ixzz14dcfp4tW

1 thought on “Cash Flow Note Seller Used Loophole To Bilk Investors”

  1. I am very excited about ordering your paper source journal I am new in the business
    and everything I have read tells me I found the right people!!!!

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