Michael R. Mastro’s reputation as a prolific money-making real estate magnate drew investors to him for 40 years. He amassed an army of investors he called Friends & Family who referred him to their friends and family members. They would visit him at his humble office on Ranier Avenue South, write big checks and Mastro would issue them promissory notes. The notes pledged that they would earn 8, 10, or even 12 percent interest and that they [...]

Read more »