Reuters exclusively reports Wall Street firm dangled up to 175% returns to investors using U.S. aid programs

Reuters exclusively reported that a New York investment firm pitched wealthy investors on a way to make returns of 22% to 175% using U.S. government programs designed to help Americans keep their jobs and boost the coronavirus-stricken economy. Following questions posed by Reuters, Arcadia Investment Partners LLC, which has about $1 billion under management, said it had put its plans on hold. Its pitch offered a glimpse into how some private investors are looking to quickly take advantage of the unprecedented government intervention after the novel coronavirus brought economic activity to a screeching halt.