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Private company

IIG Capital LLC

American financial institution that ran a Ponzi scheme

International Investment Group (IIG) is an American financial institution that specializes in short-term trade finance and commercial finance, with a focus on emerging markets. Through its affiliate IIG Capital, it provides financing to small and medium-sized merchants, traders and processors with a need for supply chain financing. The company is headquartered in New York City and offers services internationally.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

  • HeadquartersNew York City1
  • Legal formprivately held company1

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International Investment Group (IIG) is an American financial institution that specializes in short-term trade finance and commercial finance, with a focus on emerging markets. Through its affiliate IIG Capital, it provides financing to small and medium-sized merchants, traders and processors with a need for supply chain financing. The company is headquartered in New York City and offers services internationally.2

How it started

History

In 1994, David Hu and Martin Silver cofounded IIG Capital, an RIA firm based in Manhattan, and registered their company with the SEC. IIG was a New Jersey limited liability company that operated in New York. Hu worked as its chief investment officer, while Silver worked as its chief operating officer. Hu held a 50% stake in IIG.

Ponzi scheme

For more than a decade from 2007 to 2019, Hu defrauded customers, stealing over $100 million in investor's money at IIG. Hu and Silver falsified documents, claiming that defaulted loans were doing well.

In December 2012, the firm began advising a retail mutual fund for retail investors. IIG recommended the fund to invest in a $6 million loan to an Argentina borrower. However, in 2017, the borrower did not pay back the principal. Hu then tried to conceal the default by mismarking documents.

Hu would also overvalue negatively-performing loans, fabricate paperwork to create fake loans, mismark the fake loans as positively-performing, and then sell these fake loans to a collateralized loan obligation trust (CLO trust) and other private funds managed by IIG. Hu then used the proceeds from these fraudulent transactions to repay earlier investors, thereby running a Ponzi scheme for a decade.

From Wikipedia’s article on IIG Capital LLC, shared under CC BY-SA 4.0.2

Products and brands

  • trade finance

Listed on Wikidata.1

Sources

The numbers on this page point here. Each one links to the record it came from.

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