Blog: Scientologist Grant Cardone to Open a Non-Accredited Investment Fund Controlled by FCC Rules: What Could Possibly Go Wrong? - 2018-09-10

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F0.png Scientologist Grant Cardone to Open a Non-Accredited Investment Fund Controlled by FCC Rules: What Could Possibly Go Wrong? September 10, 2018, Jeffrey Augustine, Scientology Money Project

Elena Cardone posted this on Facebook. She convinced Grant to open a non-accredited fund for friends and family. Elena mentions that this all per FCC rules.

Memo to Elena: The Federal Communications Commission does not regulate securities. What you meant to say was the SEC as in the Securities & Exchange Commission. This sort of mistake does not inspire confidence in potential investors. Report to Cramming and clear up this misunderstood so that your potential investors don't get jittery. Financial terms are very precise and must be kept that way, particularly as they relate the Federal regulatory agencies.

A "non-accredited investor" is defined as: