My Wife met Ed Rooney about 5 years ago (not to be confused with the principal from Ferris Bueller's Day Off). She helps run a trust with her sister that cares for her stepmother. Well after meeting Ed she was quite excited about the investment opportunities. The returns were large and so were her eyes. These opportunities were all real estate based.
Fast Forward to 2009. Mr. Rooney was handed a judgment for 85,000 which started as the investment of 50,000. He did not contact my wife until a court date was set. Unfortunately Ed Rooney missed his court date
The name of the company is United Investment. Mr. Rooney started in the real-estate boom and did what many people did some failed and some did not. Unfortunately for Mr. Rooney's clients he did fail.
Did Ed Rooney start his business to as a dishonest business? I always have felt that this is more by chance. These people fall behind and cannot keep up they borrow from Peter to pay Paul, so they lie and one becomes larger than the other. The other question would be is Ed Rooney running a Ponzi Scheme? That will be up to the Commonwealth Attorney to decide. His behavior is not that unusual, a little man with a large ego.
Please do not participate in investments that are promised to produce returns that are unreasonable high. Please be cautious you will never recover your money.
Other companies are, Rooney Real-estate, ED's Mentorning
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