Stephen Salman (born December 1979) is an American businessman residing in Miami Beach, United States. He is the current president of Phren Labs LLC., founder of the capital investment firm Crown Acquisitions Inc., and is a notable figure in the real estate industry. His private investments came to surface and notoriety during the Miami Beach real estate boom in 2004. Under an alias he co-founded a private investment company that made headlines for receiving mortgages from multiple banks on the same investment by creating "Investment Groups". The group’s formula consisted of both local and European investors to maximize capital eligibility that was previously overlooked. In some cases these groups would receive up to 5 times a property's appraised amount granted by multiple banks whose capital would be used to both begin a new investment and to pay off previous mortgages and investors. Though these transactions were legal at the time it was shut down by banks to avoid future pitfalls if this practice were to catch on with others.
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