Covenant Management Group is a company based in Irvine, California, that has been accused of fraudulent activities. The managing members, Jerry D. Smith and David T. Lawlor, allegedly convinced individuals, including the elderly, to invest in their company, promising high returns and tax-free benefits. However, many investors claim that they never received any payments or returns on their investments.
There have been investigations into Smith and Lawlor's activities in the past, including a previous conviction for securities fraud and a recent securities fraud investigation in California. It is unclear how many people and how much money is involved in these alleged fraudulent activities. The company is currently facing legal action and bankruptcy claims.
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