Wall Street firm dangled up to 175% returns to investors using U.S. aid programs | Reuters


A New York investment firm pitched wealthy investors in recent days on a way to make returns of 22% to 175% using U.S. government programs designed to help Americans keep their jobs and boost the coronavirus-stricken economy, according to a marketing document seen by Reuters.

Following questions posed by Reuters, Arcadia Investment Partners LLC, which has about $1 billion under management, said it had put its plans on hold.

Source: Exclusive: Wall Street firm dangled up to 175% returns to investors using U.S. aid programs – Reuters

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