Hi everyone, we're looking to connect with fellow investors who funded Norada Capital Management with Marco Santarelli through their promissory note offering.

In mid-2024, Marco suspended interest payments and unilaterally “converted” our notes into equity, claiming the company owned stakes in brands like Pier 1, Dressbarn, Bodybuilding.com, and others, some of which have gone into bankruptcy via REV. He promised documentation of our ownership and valuations by fall 2024-- but it’s now been almost a year with no updates, no paperwork, no response to emails, and no way to verify our equity or value.

It’s also possible that Marco knowingly converted our notes into equity in companies that had already filed for bankruptcy a year before. Many investors (including me) are now extremely concerned about our ability to recover our capital or even prove our ownership. @MarcoSantarelli must be held fully accountable for his actions. 

I’m organizing Norada investors to:
-Share info and evidence
-Hire legal counsel if needed
-Demand proof of ownership, valuation, and repayment--and/or take legal and regulatory action

If you’ve invested with Norada or know someone who has, please comment below so we can connect and move forward together.

The more of us who work together, the stronger our position will be. Thank you!