.: Quote from @Paul Azad: Norada Capital 23% promissory notes ending up as just an honest business failure was about as likely as a chronically depressed Leming surviving the annual ocean crossing.Not too optimistic about the current DOJ aggressively prosecuting so he may only get probation and some community service where he has to help the elderly with their retirement finances. :) what could go wrong.please people, If any investment offers high returns aka >3x the 10yr yield, and says low risk, then it's always a scam and run away as fast as a Leming It wasn't 23%. 15%.

Waier is prosecuting this case.Central District of California | Former CEO of Orange County-Based Private Equity Fund Charged with Conning Investors Out of $62.5 Million via Bogus Promissory Notes | United States Department of Justice

Santarelli skimmed from some investors to make interest payments to others, authorities said.The investigation is continuing by Homeland Security Investigations and the FBI, and is being prosecuted by Chief Assistant United States Attorney Jennifer L.

Would you want to give your money to someone that may get prosecuted by the SEC and throw your deal into chaos? 

Waier is prosecuting this case.

. :-)(*Here) Equity skimming and taking advantage of certain groups, not only is bad form, it's prosecuted.  

‘A president can be acting outside his duties and engaging in criminal conspiracies or even violent crimes, and is immune from prosecution while he’s in office,’ Devine says.

No, That's false thinking.The court will see the "investor" as in a superior position of knowledge and experience.They may prosecute the "investor" on equity skimming or fraud, (tricking the seller into unjust enrichment) even though the intention was agreed to and was purely for profit.You are not in a position of strength when dealing with a owner occupied.

And is prosecuted.So, if we have a written agreement for you to make my mortgage payment if I deed my house over to you (that part is legal), but you fail to make the payment, that is prosecuted as fraud.

Such powers shall include, without limitation, the power to:(a) Expend Limited Liability Company funds in connection with the operation of the Limited Liability Company's business or otherwise pursuant to this Agreement;(b) Employ and dismiss from employment any and all employees, agents, independent contractors, attorneys and accountants;(c) Prosecute, settle or compromise all claims against third parties, compromise, settle or accept judgment on claims against the Limited Liability Company and execute all documents and make all representations, admissions and waivers in connection therewith;(d) Borrow money on behalf of the Limited Liability Company from any Person, issue promissory notes, drafts and other negotiable and non‑negotiable instruments and evidences of indebtedness, secure payment of the principal of any such indebtedness and the interest thereon by mortgage, pledge, property of the Limited Liability Company, whether at the time owned or thereafter acquired;(e) Hold, receive, mortgage, pledge, lease, transfer, exchange, otherwise dispose of, grant options with respect to, and otherwise deal in and exercise all right: powers, privileges and other incidents of ownership or possession with respect to a property of whatever nature held or owned by, or licensed to, the Limited Liability Company;(f) Lend any of the Limited Liability Company property with or without ­security;(g) Have and maintain one or more offices within or without the State of Iowa;(h) Open, maintain and close bank accounts and money market mutual fund accounts, and draw checks and other orders for the payment of monies;(i) Engage accountants, custodians, consultants and attorneys and any and all other agents and assistants (professional and nonprofessional) and pay such compensation in connection with such engagement that the Manager determines is appropriate;(j) Maintain such insurance relating to the business of the Limited Liability Company, and upon such terms, as the Manager determines is appropriate;(k) Enter into, execute, make, amend, supplement, acknowledge, deliver and perform any and all contracts, agreements, licenses, and other instruments, undertakings and understandings that the Manager determines are necessary, appropriate or incidental to carrying out the business of the Limited Liability Company.In exercising their powers, the Manager may (i) rely upon and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, or document believed by them to be genuine and to have been signed or presented by the proper party or parties; (ii) consult with counsel, accountants, and other experts selected by them and any opinion of an independent counsel, accountant or expert shall be full and complete authorization and protection in respect of any action taken or suffered or omitted by the Manager in good faith and in accordance with such opinion; and (iii) execute any of his powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys.