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Get SIFMA Promissory Notes

Ian who solicited money from friends and fellow church members for investment in his fraudulent cattle embryo business. Investors were issued promissory notes and told that they would receive a 5 to 15% return within 1 to 6 months. An investigation showed the money was not invested in an embryo transfer program, but used in part to make P RO M I S S O RY N O T E S: P R O M I S E S, P RO B L E M S – 3 – interest payments to earlier investors in what is commonly known as a “Ponzi”.

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