Grant’s Moment of Legal Reckoning
While Gary Cardone battles his own regulatory challenges, it’s Grant Cardone who now faces the most immediate and potentially devastating legal consequences. The case centers on Luis Pino, an unaccredited investor who placed his trust—and money—in Grant Cardone’s bold promises of financial returns that seemed almost too good to be true. As it turns out, they may have been exactly that.
Grant Cardone, the charismatic founder of Cardone Capital, had been aggressively marketing his real estate investment funds through social media platforms, making eye-catching promises to everyday investors. In Instagram posts and YouTube videos, Cardone boasted that investors could expect a 15% annualized return, telling his audience with characteristic bravado: “You’re gonna walk away with a 15% annualized return. If I’m in that deal for 10 years, you’re gonna earn 150%…”
The appeals court noted that Cardone even dared regulatory authorities, stating: “You can tell the SEC that’s what I said it would be… some people call me Nostradamus, because I’m predicting the future dude, this is what’s gonna happen.”
