Red Flags
3
Larry Polhill
Polhill misled investors, issued fraudulent promissory notes, and concealed financial risks, ultimately leading to a massive $160 million investment scam.
Quick summary on Larry Polhill
Major Fraud Scheme:
Larry Polhill is accused of running a multi-decade fraud scheme, deceiving 485 investors and accumulating $158 million in owed funds.
Bogus Investment Promises:
He misled investors with false promises of annual returns between 5% and 17%, while the securities backing the investments either worsened or vanished.
Fraudulent Property Dealings:
Polhill secretly auctioned off properties that belonged to his investors without notifying them, leading to substantial financial losses.
Unregistered Securities Offering:
He violated securities registration laws by issuing unregistered promissory notes, falsely assuring investors they were secured by APFC assets.
Bankruptcy & Financial Collapse:
APFC eventually collapsed, leading to bankruptcy proceedings where it was revealed that 83% of its holdings had been liquidated to cover debts.
Intel Reports
by: Zion Harrington
A businessman who seems to leave a trail of unresolved issues wherever he goes
Pros
Cons
by: Aurelius Frye
If you’re looking for consistency and stability, you might want to keep looking.😬
by: Calliope Schmitt
His financial strategies seem to work well... for him. Investors, not so much.