invest1 publisher
SEC says Croft & Frost's owners diverted at least $53 million of the $64 million their note funds raised
SEC regulators allege Croft & Frost's owners diverted at least $53 million of $64 million raised from more than 230 note investors. About half the money went back to the Chattanooga accounting firm's own payroll, so buyers of similar private notes should ask where the cash goes once it is raised.
Publishers:cpapracticeadvisor.com
Reality
- Evidence50
- Adoption
- Insufficient
- Hype gap+10
- Incentives60
- Confidence55