State authorities seize Austin investment firm | Statesman ...

The Texas State Securities Board won a court order to shut down an Austin investment firm that was accused of selling illegal investments, in defiance of a cease-and-desist order issued months ago. ... They buy real estate notes that make more than 8% interest at a discounted dollar amount and that's how they make their money. As a real estate investor, I've wondered how you can borrow money from others to buy these notes and split the profits as it would be a great ...

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