Report: #1089533

Complaint Review: David Low Hawaii Capital Management LLC

  • Submitted: Fri, October 04, 2013
  • Updated: Mon, October 07, 2013
  • Reported By: KH — Honolulu Hawaii
  • David Low Hawaii Capital Management LLC
    1111 Bishop Street, Suite 506
    Honolulu, Hawaii
    USA

David Low Hawaii Capital Management LLC David T. Low Unregistered agent David Low sells unregistered securities and used money for own use Honolulu Hawaii

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David Low promoted himself as an investment expert and as “Hawaii’s Fittest CEO” to people and on his company website hawaiicapitalmanagement.com.  For years, he solicited investors to purchase securities from Hawaii Capital Management, LLC and told investors that the money would be invested for them in an annuity with Sun Life Assurance Company of Canada or Fidelity Investments. Investors furnished more than $300,000 to Low. NONE of the investors’ money were invested as advertised. Instead, Low spent all the money to purchase securities for his own account, to buy cars, and pay his credit card bills. He was arrested on August 6, 2013. http://www.khon2.com/news/local-news/hawaiis-fittest-ceo-charged-with-stealing-257k-from-investors

David Low is out on bail and additional investors are still speaking out, saying they were victims of fraud.

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This report was posted on Ripoff Report on 10/04/2013 01:27 PM and is a permanent record located here: http://www.ripoffreport.com/reports/david-low-hawaii-capital-management-llc/honolulu-hawaii-96813/david-low-hawaii-capital-management-llc-david-t-low-unregistered-agent-david-low-sells-u-1089533. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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