Complaint Review: Charley Birkes dba REO Growth Fund

REO Growth Fund, run by investments con man Charley Birkes, is a classic and sophisticated "Ponzi Scheme" featuring all the elements of this genre of fraud, such as being under capitalized, employing a "boiler room" of telemarketers cold calling with tales of unheard-of returns, and payment of older investors with new investor's money. Birkes is under investigation by a veritable " Alphabet soup" of law enforcement and regulatory agencies, such as the SEC, HUD, FTC, FBI, as well as local authorities.