Fraud Alerts Int'l.


$100,000 Reward* GREGORY TINDALL


Greg & Pam Tindall

Greg & Pam Tindall

Between 2001 and 2009 GREGORY DENNIS TINDALL {DOB: 2 November 1960} and DALE JOSEPH EDGAR ST. JEAN {DOB: 8-May-1959} Citizens of Canada (Alberta), acted as the ‘Primary’ co-conspirators to defraud hundreds of investors from Australia, New Zealand, Canada, USA and Europe of more than $80,000,000.00 (EIGHTY MILLION DOLLARS), in what is being referred to as one of the most Brazen “PONZI” Schemes in Canadian history.

On or about September 8 2010, GREGORY “Greg” TINDALL and his wife PAMELA “Pam” M. (Lovestead) TINDALL sold their house in the Crystal Shores area of Okotoks, Alberta for $975,000 after putting it on the market in May 2010.

The couple subsequently fled Alberta, along with their two adopted children SHYLER & MIKALA.

GREG TINDALL and his wife remain fugitives and are likely living under assumed identities. Ongoing search efforts are focused on a number of foreign jurisdictions.

  A “Red Notice” is said to be imminent.

PAMELA originates from Saskatchewan Canada. The children, Shyler & Mikala-now approx. 16 and 20 years-old respectively have always been home schooled.

PAMELA also has an adult biological daughter residing in Calgary who was born prior to her marriage to GREG TINDALL, for the sake of privacy identified only as RC.

GREG’s family & mother reside in the Okanagan {Kelowna} area of British Columbia, relations in GREG’s family may be strained.

PAMELA’s family with whom relations seem stronger reside in her ‘home’ Province of Saskatchewan.

Pamela’s Sisters {LANA NJAA & ROBYN KONDRATOWICZ} came to Okotoks to help move household belongings when the TINDALL’s fled, they likely know of the suspects whereabouts.

Shortly after fleeing Canada, TINDALL sold a ski type boat to a US citizen in Nebraska without proper paperwork. A criminal complaint is pending.

Investigators close to the case conclude from the outset, that TINDALL was the guiding mind and principle of the scheme  who controlled and facilitated the ‘laundering’ and secretion of the illicit proceeds of the crime.


TINDALL and ST. JEAN founded numerous “Shell” companies under their two Flagship entities firstly TRANSBANC {circa 2001-2005} then changed the name to TRANSCAP {2005 forward} following Canadian regulatory action.

The Suspects formed an additional company-STRATA TRADE as an “exempt market” vehicle in order to make their fraudulent enterprises eligible to solicit and accept RRSP {retirement accounts} investments into the Scheme.

Witnesses and victims describe GREG TINDALL as a semi-intelligent and aloof man who seemed close only to his ‘immediate’ family. 

TINDALL was known to wager both on stocks and online gambling sites and enjoy watching MMA fighting matches and “go-cart” racing.

For reasons unknown-as the scheme began to collapse, ST. JEAN voluntarily took responsibility and acted as the “fall-guy” and  “patsy” for TINDALL.

Witnesses who knew both TINDALL and ST. JEAN stated; TINDALL had very little respect for ST. JEAN, openly talked down and disparagingly about ST. JEAN considering him to be easily manipulated.

The contention of many is that TINDALL recognized St. JEAN as a person he could control and manipulate. The fact that ST. JEAN’s wife {PRISCILLA Wolfe} was an ‘Investment Manager’ may have motivated TINDALL to bring them into the fold.

In early 2006, St. JEAN made statements in ‘confidence’ to witnesses that TINDALL was not providing funds to pay interest payments and that he was forced to use new investors money to make redemption payments.

None of the facts herein are meant to absolve DALE St. JEAN of criminal culpability. Had he not have known at the beginning that the scheme was built on false promises and lies, he certainly knew a significant time before the collapse and was happy to entice new Investors.


TIER-2 “Parties of Interest”:
RONALD NORMAN LITTLE {St. JEANS “chief-lieutenant”-prime broker who earned approx. $3M +/- in illicit commissions-is said to be residing in Swan Lake Campground – 7235 Old Kamloops Rd, Vernon BC }

D. GENO BRUNTON {California ‘businessman’ associate of St. Jean & Tindall who elicited approx. $1M from victims in a fraudulent recovery scheme.}

SHERI PIDKOWA {Executive assistant/Bookkeeper for TransCap living in Calgary Alberta}

BLAIR CARMICHAEL {Principle broker for TransCap-netted over $1M in commissions from the sales of the illicit investment}

JIM LANTZ {Principle & Partner broker to Blair Carmichael-netting over $700,000.00 in Commissions}

RICHARD W. DEVRIES {Attorney/Canadian living in the Bahamas who was involved in the initial formation and structure of the scheme}


Should anyone have information pertaining to the location of GREG & PAMELLA TINDALL or evidence against them please contact this forum.

Additional information including a full report of the investigation and criminal actions are forthcoming.


MESSAGE TO DALE ST. JEAN or GREGORY TINDALL: Should you wish to resolve this matter without further actions you are advised to contact this forum immediately.


(*A reward UP TO $100,000.00 is being offered based on production of credible information leading to the location/capture and/or recovery of an established amount of the stolen money. A progressive or negotiable reward is also being offered for credible information leading to just the location of TINDALL and his family and/or facilitation of recovery.)




New Solutions-Ronald Ovenden “Ponzi Scheme”

BREAKING NEWS: IFA has just become aware of a public release of the results of an ongoing worldwide criminal investigation into the NSFC matter.

For full coverage visit:

It is alleged that between 2007 and 2011 a Major Fraud involving hundreds of Millions of dollars is once again perpetrated against thousands of unsuspecting victims from several countries.

The Kingpin of this fraud involving a “TAKE” of approximately $215,000,000 (TWO HUNDRED AND FIFTEEN MILLION DOLLARS) is identified as RONALD JAMES OVENDEN of Mississauga-Ontario Canada.  OVENDEN utilized menagerie of shell ‘front’ companies from around the world, such as New Solutions Financial Corporations II, III, VI (NSFC), and a multitude of others.

The scheme surrounded the claim that OVENDEN and his companies would take investors money and use it to “Factor” for significant vetted companies and return between 7 and 9% to to his investors annually.  When in fact OVENDEN and his co-conspirators are said to have concocted a very sophisticated scheme in which  NSFC would “loan” the money to companies OVENDEN controlled, thereby loaning the money to himself and then subsequently borrowing company would not pay the loans back.  Leaving OVENDEN with an enormous amount of stolen money, which he then allegedly laundered and hid.

In order to continue perpetuating this scheme some of the investors received payments in the form of redemptions until January 2102 when apparently the new investor money coming in was no longer enough to keep the scheme profitable.

The ‘front’ companies involved in the alleged perpetration of the “Ponzi scheme” were New Solutions Financial Corporation, New Solutions Financial Corporation II, New Solutions Financial Corporation III, New Solutions Financial Corporation VI and 2055596 Ontario Limited.

The shares of these companies were held by Grandluc Corporation, controlled by Ronald OVENDEN and JEFFREY LIPTON who also operated Permanent Value Asset management Ltd. and Argyle funds spc Inc. which operates out of Barbados.

Most of the stolen money was raised by two purportedly “independent” investment advisors; ROBERT JOSEPH FROST of Edmonton-Alberta Canada PROFORMA CAPITAL, and JEFFREY HERSCHEL LIPTON (a Toronto native) who operated a Cayman Island “registered” investment vehicle called ARGYLE FUNDS SPC INC from his Barbados company offices he called PERMANENT VALUE ASSET MANAGEMENT Ltd.

(JEFFREY HERSCHEL LIPTON-is also listed as an attorney with Daley Byers & Phillips a Toronto based law-firm)

Once the house of fraudulent cards began to collapse FROST, LIPTON and OVENDEN met together with MNP a well known accounting firm in Toronto Canada to act as trustee to finalize the perfect crime by seeking bankruptcy protection.

Although it was made a matter of court record that all of the principle parties had a conflict of interest with MNP due to previous business relationships, both the courts and the Ontario Securities Commission (OSC) allowed the matter to be settled thereby granting what amounted to immunity for OVENDEN with the blessings of the Canadian Government.  This occurred in spite of the fact that the OSC stated there were multiple issues of OVENDEN and agents of NSFC deliberately making fraudulent misrepresentations to the victim investors.

It was also learned that this was not OVENDEN’s first brush with fraudulent loan schemes:

So the GLARING question remains, where did the money end up and who all got paid off with the stolen funds?

If the OSC and FELDSTEIN & ASSOCIATES LLP, the auditor of the OVENDEN companies both specifically state IN THE RECORD there is nefarious conduct and fraud, WHY are all of these criminals being allowed to walk away “Scott Free” with the victims money?

If you have INFORMATION directly relating to this conspiracy relating RONALD OVENDEN and his companies, PROFORMA and ROBERT JOSEPH FROST, ARGYLE and JEFFREY HERSCHEL LIPTON and the “Barbados Connection”   PLEASE contact this forum with the details we will if necessary keep your identity confidential.

The Criminals responsible for this travesty NEED to be brought to some form of JUSTICE!!

See Article from Edmonton Journal:

Contact us at  [email protected] or email us via our “contact us” page



Beware-Raj Mahadevan, “Altos Escondidos”-Panama Fraud

BEWARE: Athisayarai Mahadevan (aka: Raj)

Altos Escondidos-Development Fraud


     Athisayaraj Mahadevan (aka: Raj) has promoted the “Altos Escondidos” developmentin Panama since 2007.  He and his original partner, Jes (Jason) Black, set up “Offering Documents” for the Ranger Panama Fund Series, S.A.  The purpose/intent was to lure potential investors into an apparent ruse involving a land (Resort) development project in the inland area of the Republic of Panama which existed only through a series of misleading official papers, phony land documents with false values and repeated promises of strong returns on their investments. 

The following are the facts based on victim statements and findings of a subsequent investigation:

In August of 2007, Dr. Rebecca Castaneda, a dentist in San Francisco befriended the reporting victim, a former patient.  It has been alleged by one victim that Dr. Castaneda has a reputation for having used her dental practice as a front for pushing risky business or investment schemes.  It is further alleged that Castaneda received referral fees for doing so.

Dr. Rebecca Castaneda

Dr. Rebecca Castaneda

On the surface this conduct appears to be at the least unethical conduct.  Further, information has surfaced that indicates Castaneda had her own brush with the law in the past, was fined and ordered to do community service. 

Castaneda misled the victim by saying she was borrowing $75,000 from her Home Equity Line to invest in Altos Escondidos.  Based on the information and the materials provided and discussions with Castaneda the victim decided to invest in the Ranger Panama Fund Series, S.A – the “Altos Escondidos” Project, and wired $50,000 to Ranger Funds, LLC

Later, when asked by the victim/patient to provide proof that she actually invested her own money in Altos, Castaneda refused to do so.  Even though Castaneda is fully aware that Altos Escondidos is a scam she continues to collaborate with Raj Mahadevan to this day.    

In October 2007, the victim and Castaneda met with Jes Black and Athisayaraj Mahadevan (aka: Raj), (Ranger Panama Principal Partners) in Panama City, Panama.                      

            (“Raj” pictured below with Panama President Martinelli)

The victim understood before their trip to Panama that they would be taken by plane to the “Altos Escondidos” location for a development site visit.  However, once they arrived they were told they would not be able to fly to the site location due to poor weather conditions.                                                                           

     After years of false promises, sketchy accounting practices, continuous misinformation the victim filed a complaint with our sister organization in an attempt to uncover the truth.  The prospectus for “Altos Escondidos” indicates that between April 15, 2007 and April 27, 2007 Ranger raised $1.5 million in seed capital to purchase the land, a “69 Hectare parcel”, for 1.38 million (US).  

(“Raj” pictured at a party in Panama City)

Raj at party

     The investigation showed “Altos Escondidos” owns 69 Hectares of undeveloped land in the Capira region, northwest of Panama City. Its purchase price was $345,000 (US), not the $1.38 Million that Athisayaraj Mahadevan (aka: Raj); (pictured left at a party in Panama City)  claimed he had paid for the land.   It was also discovered that there is a current mortgage lien listed in government registry as of February 15, 2013 against the property for $250,000 (US) in a short-term loan. This lien continues to be listed in the public registry as an active loan.  The land is registered for tax purposes (finca 3352, ubicacion 8201 is $2,000 (US), this may or may not be an attempt to defraud the government land tax authority, information regarding this is pending a review.

     The investigation further revealed:  AE Alleged Office HallwayThe listed office for this project is now closed at least two years, now a Gynecological medical office-for women.  (See Photo Right)

They victim originally visited the “Altos Escondidos” office at this same location, and  received signed copies of all agreements/documents. A new address has not been provided; and the phone is disconnected.

A local contractor hired to cut roads for the project was never paid (he is owed $50,000) and he is now threatening to sue “Altos Escondidos” and Athisayaraj Mahadevan (aka: Raj); the roads were not finished.  

     Locals in the area have heard rumors about the project but nothing has surfaced; Phone Calls and emails to the AE office in Panama by our investigators were not returned; Annual meetings of Investors have not been held as directed by the operating agreement; Investors have been kept away from each other.   

     For more than six years the victim tried to get financial statements and other documents regarding the projects progress and expenditures.  The victim was met with one excuse after another -why the project has been delayed and why the documents were not forth coming.   The detailed case report provides documents; timelines and lists of all the promises and excuses made by Mr. Mahadevan in reference to “Altos Escondidos”.  Investigators in Panama, realtors and attorneys in Panama provided vital information aiding our investigation.

Altos Escondidos 017


     When the Investigators went to the “Altos Escondidos” property; they found there was not a single presence for “Altos Escondidos”, locals spoke of project rumors but have not seen any activity or signage.  Investigators did speak with a representative of Groupo Howard, identified by Mr. Mahadevan on 2-22-2011 in an email to our victim as the road builder.   The representative told the investigators they contracted to cut the roads to the project but were never paid.  Groupo Howard has indicated its intent to file suits against Mr. Mahadevan and “Altos Escondidos” for $50,000 – non-payment.  The roads have never been completed.

(photos of Altos property taken by investigators above right show no evidence of the claimed improvements)

(Copy of Offer Memorandum, filing of lein Registration and Land Sale Registry Document #338563 & 296778 respectively from the Registro Publico De Panama are evidenced below at the bottom of this page.

     Barr International lists Altos Escondidos as a current project, calls to Barr regarding their progress have not been returned.  [email protected]     1875 Eye Street NW, Suite 500 Washington,D.C.20006  tel:202-429-2076

     BARR GROUP INTERNATIONAL LLC is a full-service Washington-based firm offering Architecture, Engineering, Interior Design, Construction Management, Development, Sustainable Design, Infrastructure, Preservation and Planning services. Established in Washington DC in 1981, the firm provides design services throughout the United States, Europe, Latin America, the Middle East and Asia.  

          Dr. Raj Barr Kumar; FAIA,RIBA, IIDA, USGBC is an architect, interior designer and environmentalist, and President of Barr Group international LLC and Barr-Kumar Architects Engineer PC, established in Washington, DC in 1981.  Athisayaraj Mahadevan is Dr. Raj Barr’s brother.

     Contact information for BARR Group International:

[email protected]     1875 Eye Street NW, Suite 500 Washington, D.C.20006  tel:202-429-2076

                It is evident that Mahadevan and his brother Dr. Raj Barr Kumar are exploiting the fact that Raj Barr was a FORMER president of AIA to lend to the credibility of the Altos Escondidos fraud.

     Neither US nor Panama Authorities have not been alerted at this time, allowing Mahadevan the opportunity to rectify this matter before facing regulatory or criminal sanctions.

Note: In 2007 – The National Futures Association filed a complaint against Black Flag Capital Partners LLC (NFA ID# 345533) & Jason Black (NFA IF # 344149) – Case # 07-BCC-029

     Any other victims or witnesses to this fraudulent enterprise or any other perpetrated by  Athisayaraj Mahadevan (aka: Raj) et, al.; are asked to contact this forum to file a complaint or offer additional testimony in the pursuit of justice.

      Based on the information we have received – this project is questionable and may have been misrepresented to the public.  If you have information pertaining to the projects validly and/or you are an investor still waiting for a return on your investment please contact us.

New information received indicates that “RAJ” Mahadevan may be residing in Playa del Carmen Mexico, perpetrating a similar investment scheme.

One victim contacted this forum making the following statement; “Raj Mahadevan, is a liar, cheat, con artist and cyber-bully. He scams people of their, and then when confronted attacks their character and that of the victim’s family members in an effort to intimidate them from trying to recover the funds he had stolen from them. The guy is a sick sociopath that knows no boundaries”.

A source in Playa del Carmen brought to one victims attention an article in the local paper that Raj allegedly visited “Chilly Willy’s” a local “strip club”/brothel and was pursued by police when he ran out without paying for services rendered.

Additional links to complaints against Raj Mahadevan:


     Contact information:  [email protected] 

Certificate of Land-registry

investor Memorandum

Certificate of Land


Luis Ernesto Garcia-Porras – Steals Millions in Phony Timeshare Scam {Encanto/El Faro-Playa Del Carmen}.

Playa Del Carmen, Mexico (2014)

Luis Ernesto Garcia Porras, Jacque (Jack) Legault, Lucy Paredes – steal millions in phony Timeshare Scam.

{Additional Sales Staff: Foster Cannon, Erin Soncin}

Luis Garcia -Salomonjabez Hospitality Group
Luis Garcia-Porras

Luis Garcia-Porras

CEO at Encanto Resorts
August 2006 – Present (7 years 4 months)
Location: Mérida Area, Mexico
Industry: Leisure, Travel & Tourism
CEO at Salomonjabez
Privately Held; 1001-5000 employees; Sporting Goods industry
January 2003 – Present (10 years 11 months)
Past: President at INVESTVALUE
January 2003 – March 2006 (3 years 3 months)
Education: Cornell University

Through their operations – Selective Escapes (Encanto Private Residence Club) headquartered at the EL FARO Condominium Hotel in Playa Del El Faro HotelCarmen, Mexico; Garcia-Porras, Legault and others sold property they did not own, sold timeshare packages without legal authority and pocketed the monies received.

Hundreds of victims to this fraud have come forward and some are banding together to take legal action against these operators.

(The EL FARO Condominium Hotel is comprised of 64 luxury condo-hotel suites with views of the Caribbean Sea and direct access to nearly 250 feet of beachfront.)

Here is how it worked: Garcia-Porras operated a timeshare management business called Selective Escapes Collection C.V. (aka: Encanto Private Residence Club). The original developer of EL FARO Condominium Hotel was Cantex Enterprises S.A. de C.V.

Alexander Bykovets-Cantex Group


The principles of Cantex Enterprises are Alexander Bykovets and Robert Burnside, both identified as residents of Calgary Alberta Canada. {A new player is now listed as part of the “Cantex Family”, Simon Vinnik-“President and Board Member”.}

Cantex indicates an address of:

#100,15320 Bannister Rd., S.E.,

Calgary, Alberta ,T2X 1Z6
Phone Number: +1.403-225-2043

The company has also launched a new website: {aka: Cantex Acquisition Fund LLC} Which indicates seeking investors for projects located in Atlanta, Georgia USA.

Bykovets & Burnside, representing Cantex Enterprises entered into an agreement with Luis Ernesto Garcia-Porras & Selective Escapes (Encanto Private Residence Club) to act as the primary booking agent for the EL FARO Condominium Hotel during and after construction.

In late 2008 Encanto began selling timeshare packages for the EL FARO. Using mostly children to hand out flyers – victims were lured into timeshare presentations at the EL FARO.  ENCANTO operated for years selling timeshares they had no intention of honoring. In fact the scenario described next was part of an elaborate scheme to defraud unsuspecting timeshare purchasers.

A typical purchase would combine a number of Encanto weeks for use at the El Faro along with other weeks at other properties operated by ENCANTO or their partners, always based on availability, for a total of so many (?) weeks annually, each sale was different.

To further lure and entice the victims the sales staff would offer to purchase back some portion of victims unused timeshare weeks for a certain amount of money, usually $2,500 to $3,000 per week for their unused weeks.

Selective Escapes sold timeshares to condos they were not authorized to book, double or triple booked condos they were authorized to book and defrauded the condo owners by either not paying them for the bookings or only returning, to the owners, a small portion of the rental fees received.

Global Marketing Connections was usually the company ENCANTO would push to rent the victims unused weeks for around $3,000 per week, promising to return 80% of the monies to the victims while keeping 20% for their operations. Then ENCANTO, through its scam partners i.e. broker partners, would charge the victim’s credit card large amounts in maintenance fees that were to be reimbursed when a victims weeks were rented – these promised reimbursements never happened.

In numerous cases Timeshare Purchasers report they were charged large fees for weeks they were never able to use and promised rental fees which they never received.

In other cases the victim(s) were sold the Penthouse Condo{Surf 408}, at the El Faro as a profit sharing condo (all inclusive including maid service) – everything was included at no additional expense to them. The victims were told part of their purchase was for 26 residence weeks and 26 ENCANTO weeks.

The residence weeks were the weeks they could stay in the Penthouse and the ENCANTO weeks were weeks they could use at other ENCANTO properties around the world – the cost at these other properties would be only $149 per stay. Victims were promised when they were not staying at the Penthouse – Global Marketing Connections would market and rent out the Penthouse for $3,000 per week – the victim’s share of the rental was to be 80% – which they never received. One specific victim ‘purchased’ the Penthouse Condo for more than $385,000 (US).

Besides all of the other issues involved in the EL FARO timeshare scams the most blatant issue here is that ENCANTO did not own any property it sold to the victims – ENCANTO just simply stole their money.

Eventually the Home Owners Association fired Selective Escapes but that did not solve the problem. Selective Escapes rented the Penthouse Condo from its owner and rented another condo (from its owner- effectively bypassing the HOA) and continued to sell timeshares out of the hotel under the name FunSeason- using the same people. The group still operates in the area, using a variety of methods to lure the unsuspecting tourists into their scam.

The Mexican authorities are aware of this group and its activities. Also, a group of victims’ have started a lawsuit against Garcia – Porras and his companies.

If you have additional information to include the location of the suspects listed herein, please contact this forum at [email protected]




Wanted/Reward: HO-CHUN “JEFF” LEE

Los Angeles, California – August 28, 2012

HO-CHUN “JEFF” LEE– WANTED on a $1.1 Million dollar US Felony warrant, after stealing more than $1.5 Million from Elderly US Employer

Ho-Chun "Jeff" Lee



Ho-Chun Lee aka: “Jeff” LEE, President of “Circle Transportation”, AKA: “Upswing Logistics, Inc.” Registered at  87 Hoping First Road, Kaohsing, Taiwan wanted for embezzling more than $1,500,000.00  (ONE MILLION FIVE HUNDRED THOUSAND US DOLLARS) from his elderly employer-INCARE CARGO SERVICES of Los Angeles, California.

Lee is believed to possibly hiding as a FUGITIVE in Taiwan.

INCARE Cargo Services, Inc., conducted business as a freight forwarding/customs brokerage company.  As part of its freight forwarding services, INCARE received checks from its customers to pay for customs duties.

From 9-1-2006 to June 1, 2008 Jeff LEE was INCARE Services’ chief administrator whose duties included:

1} Outside Sales

2} Management of INCARE Services customer list

3} Control and supervision of INCARE Services business accounts

4}Overseeing customer relations.

LEE a trusted employee with a high level of responsibility, used his position to STEAL the $1,500,000.00 from INCARE Cargo Service, Inc. Lee accomplished this by accessing INCARE Cargo Services’ incoming mail and customer files.

In June of 2006, Jeff LEE incorporated a separate, but similarly named company-“INCARE Cargo Express, Inc.” and opened a corporate bank account at a local Los Angeles Bank.

LEE then began intercepting checks made out to INCARE Cargo Services Inc., and deposited them into his new account.

LEE also managed to acquire an INCARE Cargo Services Stamp which he used to endorse checks written to INCARE Cargo Services Inc.  In addition to falsely endorsing checks made payable to INCARE Cargo Services Inc.

Further, LEE misappropriated INCARE Cargo Services Inc. customer list which eventually put INCARE out of business.

The theft was discovered when the elderly victim contacted a customer regarding a late payment. The customer provided a copy of canceled checks with endorsements, which prompted the victim to contact all of his customers – discovering the scope and magnitude of the crime.

Shortly after the theft was discovered LEE also misappropriated INCARE’s customer list to his brother-in-law companies’ HCLM Express Services Inc. and Up Swing Logistics, registered at 8717 Aviation Boulevard, Inglewood, CA.

CHUNG FUNG MAK, LEE’s brother-in-law, is the registered agent for HCLM EXPRESS SERVICES, INC and UP SWING LOGISTIC.    It is unknown if CHUNG FUNG MAK,  had knowledge of the criminal activity.

Information that leads to his arrest and extradition WILL be rewarded!!!!   Please contact the FBI/Los Angeles Police  or [email protected]





FRAUD ALERT-KEN JOHSON & JEFF BERWICK- “Gult’s Gulch”- Chilean Fraud

In July of 2014, we received our first consumer complaint involving a real estate scheme called “Gult’s Gulch” located Southwest of the city of Santiago in the nation of Chile.

Gult’s Gulch derives its name from a “Atlas Shrugged” a book released in 1957 by the ‘late’ author Ayn Rand, which has become a ‘cult’ classic amongst Libertarian groups.

The scheme pitched as a anarchist/libertarian utopia and refuge from the threat “economic, social, and political collapse of the United States and coming financial meltdown caused by the Federal Reserve, followed by a Homeland Security police state”.

Ken Johnson

Kenneth “Ken” Johnson

The scheme was headed up by Mr. KEN JOHNSON who hails from the Minnesota Twin City’s area and most recently California.KEN JOHNSON has accused one of his ex-employees, account manager-KEN CARPENTER of mismanagement as the reason he lost all of the money victims invested.


Jeffrey “Jeff” Berwick The “Dollar Vigilante”

The schemes Founding partner and Top Promoter-JEFF BERWICK who hails from Edmonton Canada claims that he was duped by Ken Johnson just like everyone else.

BERWICK who runs a “Blog” and “Podcast” monikered as,  and others closely associated to the Galt’s Gulch debacle claim that all of the responsibility lies with KEN JOHNSON who they allege made off with the investors money.


The entire matter appears to have been just another CONSPIRACY to entice, lure and steal Millions of dollars from the unsuspecting investors constructed as a means to avoid and evade tax authorities by directing the victims to wire their funds to the ‘Trust Account’ of STEWART and ASSOCIATES, a law-firm domiciled in Wellington, New Zealand.

From all appearances literally HUNDREDS of US and Canadian based investors have been defrauded of Millions of dollars.

Currently our investigative partners are working to gather victims and evidence to pursue Criminal charges in cooperation with the US Treasury Department (IRS) against all of the suspects involved in this conspiracy.

If you have been victimized by the individuals indicated in this public release or have material information that could assist and lead to Criminal Indictments of those responsible please contact this forum for additional information.

You may contact us at [email protected] or via our “Contact Us” page.

{Should you be one of the ‘involved’ defendant(s) of this case and desire to resolve this matter, you may contact this forum and arrangements shall be made through an independent mediator to facilitate a settlement}

For additional information see the links included below:

 November 10th, 2014  
 Comments Off on FRAUD ALERT-KEN JOHSON & JEFF BERWICK- “Gult’s Gulch”- Chilean Fraud

Beware of KEN JOHSON & JEFF BERWICK-Chilean Fraud “Gult’s Gulch”

In July of 2014, we received our first consumer complaint involving a real estate scheme called “Gult’s Gulch” located Southwest of Santiago in the nation of Chile.

Gults Gulch ChileGult’s Gulch derives its name from a “Atlas Shrugged” a book released in 1957 by the ‘late’ author Ayn Rand, which has become a ‘cult’ classic amongst Libertarian groups.

The scheme pitched as a anarchist/libertarian utopia and refuge from the threat “economic, social, and political collapse of the United States and coming financial meltdown caused by the Federal Reserve, followed by a Homeland Security police state”.

Ken JohnsonThe scheme headed up by Mr. KEN JOHNSON who originates from the Minnesota Twin City’s area and most recently California. KEN JOHNSON as accused one of his ex-employees/account manager KEN CARPENTER of miss-management for the reason he lost all of the money victims invested.


The schemes Founding partner and Top Promoter-JEFF BERWICK who hails from Edmonton Canada says that he was duped by Ken Johnson just like everyone else. JeffGGC BERWICK and others closely associated to the Galt’s Gulch debacle claim that all of the responsibility lies with KEN JOHNSON who made off with the investors money.

The entire matter appears to have been just another CONSPIRACY to entice, lure and steal Millions of dollars from the unsuspecting investors constructed to avoid and evade tax authorities by directing the victims to wire their funds to the ‘Trust Account’ of STEWART and ASSOCIATES, a law-firm domiciled in Wellington, New Zealand.
From all appearances literally HUNDREDS of US and Canadian based investors have been defrauded of Millions of dollars.
Currently our investigative partners are working to gather victims and evidence to pursue Criminal charges in cooperation with the US Treasury Department (IRS) against all of the suspects involved in this conspiracy.

If you have been victimized by the individuals indicated in this public release or have material information that could assist and lead to Criminal Indictments of those responsible please contact this forum for additional information.
You may contact us at [email protected] or via our “Contact Us” page.
{Should you be one of the ‘involved’ defendant in this case and desire to resolve this matter, you may contact this forum and arrangements shall be made through an independent mediator to facilitate a settlement}
For additional information see the links included below:

 November 7th, 2014  
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Alert!! Timothy “Michael” and Jack DeAngelis-“Fighting For Silver”-FRAUD Allegations

Warning Ongoing Allegations for Financial Fraud against-

Timothy “Michael” DeAngelis

 2006 Booking photo

Timothy “Michael” DeAngelis

It would seem the DeAngelis Brothers Crime Family knows no bounds!!!

Over and over again these Scam Artists continue their rein of Financial terror on unsuspecting victims.

They operate their crime syndicate all around the county, New York, Florida, Nevada!!

The original complaint against this crew began in 2008 when a 66-year old Michigan victim contacted our group to request our assistance in investigating James and Timothy DeAngelis for defrauding him out of more than $165,000.00.

The investigation uncovered a myriad of sham companies formed by the brothers to facilitate their fraudulent conspiracy.

“Fighting for Silver”

E&J Equity Group,Inc.,”

“Golden Silver Opportunities, LLC.”

“International Rarity”

“American Precious Metals”

James DeAngelis took a plea agreement in 2011 in federal court in New York and is serving time in Federal Prison for his involvement, while Timothy AKA: Michael DeAngelis, and their Brother John Aka: “Jack” DeAngelis, run a radio show allegedly out of Las Vegas, Nevada called “The Collectors Coach” enticing people into investing money with them for what amounts to worthless amounts of silver coins.

Timothy/”Michael” DeAngelis current

(courtesy of LinkdIn)

If you suspect you have been enticed and/or defrauded by Timothy, Michael or Jack DeAngelis we urge you to contact this forum.

Jack DeAngelis

See links below for additional information about these fraudsters.


For more information or to report a fraud you or someone you know has suffered from these people email us at:

[email protected]

 April 2nd, 2014  
 Scam Alerts  
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 Comments Off on Alert!! Timothy “Michael” and Jack DeAngelis-“Fighting For Silver”-FRAUD Allegations


Loral Langemeier


Loral Langemeier is a FRAUD! Langemeier has built a hard-core promotional marketing machine made of internet media presentations, seminars, media and personal appearances. Langemeier’s main website, (LOL), states, How to Finally Put Your Financial Worries Behind You And Turnaround in 2010!”. Live out Loud charges a hefty $8,995 dollars to meet Loral personally, whereas other seminars start at $1,495.00. In her video she promises to “Keep you in cash!” An excerpt taken directly from the site states, “…continued education are the building blocks of your Wealth Cycle, engaged with continuous ideas for direct asset allocation…” Confused? We were! What exactly is a “Wealth Cycle?” Langemeier uses all sorts of unusual financial verbiage to keep people engaged while she reaches into your wallet. Langemeier’s website,, and other websites posting her materials ( appeal to people looking for cash, a better life and more time with family. These sites are nothing more than portals into a dark and convoluted world of misrepresentation.

Langemeier functions with deadly accuracy during her meetings with potential investors – playing a high stakes confidence game – challenging people to act on their dreams and invest in her supposedly vetted business opportunities. Langemeier will take her cut of the initial funds invested and leave town like a thief in the night, her pockets stuffed with YOUR cash. One group particularly susceptible to these types of fast talking presentations is unsophisticated ELDERLY attendees. Many ELDERLY victims find themselves on fixed retirement incomes and often depend on others to help make important financial decisions.

(please see this ELDER FRAUD web link:

The information Langemeier and LOL presents is general in nature and appears to be designed to create interest in attending LOL’s expensive Big Table and Alumni meetings where they can get seriously fleeced. Complaints run rampant about her very AGGRESSIVE phone sales staff that drives the sales of her books, CDs and various seminars and coaching programs. Get ready for the run around if you ever want a refund or need to dispute ongoing unauthorized credit-card charges.

 Loral’s Big Table / “Lawsuit Takes

Aim at Dr. Phil’s ‘Resident Money


Loral’s “Big Table” concept is nothing more than a “Big Trap” for would-be investors. Individuals pay big money ($8,995USD) to attend a Loral Langemeier Big Table event only to find out they have been coerced into paying large sums of money. In one case over $1,900,000.00USD!

Lenes v Langemeier ( alleges “highly risky, unproven investments from which she receive[s] undisclosed kickbacks.” Langemeier is attempting to force this case to ARBITRATION rather than face the charges.

In Wolf v Langemeier (Case No.: 2:09-CV-03086-GEB-EFB), Langemeier SETTLED the case on 02/18/2009 after a stay was granted in favor of arbitration.

Susan Trindle dba Xolo Properties LLC v. Flying Emu LLC et al (Loral Langemeier). (CASE #: 8:09-cv-00325-AG-MLG) This case claims Breach of Contract and Fraud and/or Deceit. This case was stayed 05/17/2010 in favor of arbitration, (once again Langemeier avoids facing direct charges).

After being charged thousands of dollars just to attend the Big Table meeting, attendees have high expectations that Loral is going to share specialized information on money making methods. What Loral really does is bring paying customers into a carefully orchestrated setup. Attendees answer a long list of financial disclosure questions regarding their income, expenditures, assets, liabilities and if they are willing to execute on her patented “Wealth Cycle” process. Of course, YES is the only correct answer! Once everyone is assembled she works to get maximum investment capital from each attendee present. This is how it works: Loral plants people who want to fund a business concept at the various tables, she creates discussions surrounding how to get these ideas funded and help people realize their dreams. What investors are never told is HOW Langemeier gets paid for promoting the various investments.

It is alleged Langemeier takes up front commissions and/or percentage ownership as compensation. (See: Crumbs R Us real estate investment where she was co-owner with Jay O. Pearson.)  People succumb easily to Loral’s entertaining presentations, considering her many speaking partner endorsements like T. Harv Echer, Robert Proctor and the Dr. Phil show making her organization look possibly legit. Investors are never aware Loral has fraudulent intentions sadly until it too late. Langemeier allegedly walks with cold hard cash and leaving investors to figure out the aftermath. Langemeier’s ‘higher-level’ participation meetings, referred to as “Alumni” conferences, are also very expensive, supposedly offering the inside scoop on upcoming opportunities within Langemeier’s investing “Community”.

 ENTRUST: Specializing in Self-Directed IRA’s

Entrust Mid-South (Franchise)

Langemeier cleverly instructs investors to move fixed assets to much more liquid SELF DIRECTED IRA’s. Funds can then be transferred VIA WIRE to Langemeier’s various business opportunities. Jerry O. Pearson (Owner of Entrust Mid-South Franchise) also owns several other ventures with Langemeier and has been the direct recipient of funds transferred from his investment franchise company (Entrust Mid-South) to Crumbs R Us (A real estate venture owned by Pearson and Langemeier at the time of its inception). This is clearly a conflict of interest!


This concept was promoted at LOL meetings allowing Langemeier and her team full financial disclosure of a client’s private information through her association with Pearson, Entrust and Crumbs. Entrust corporate offices have not returned repeated requests to address this breach of confidentiality accusation.


During one Big Table meeting, September 14th to the 16th of 2005, Loral encouraged attendees to invest in a real estate backed venture called “Trinity”. In a sworn statement, one client invested $200,000.00, and later, another $50,000.00 hoping to realize the 17% promised return on investment. After allegations of fraud, Loral stepped in to keep any bad press from affecting her business’ income stream by promising to pay off the principle monies invested over a 7 year period. However, after missing quarterly payments she extended the repayment over 10 years. Loral advises investors in a June 25th 2010 communiqué they will not be receiving any payments and Langemeier has decided continue to fund her business, Live Out Loud. Meanwhile, Loral retained her cut of the initial investment!

          Café Z:

One investor group states that they met Loral at a T. Harvey Echer event:”Gorilla Business School” (YouTube Link). The meeting, held in Los Angeles, CA, had Loral speaking about various business opportunities, including one Café Z. Sworn affidavits explain, after getting involved with Loral’s “Big Table” one investor dumped over $250,000.00 into Café Z. David Zebny, Owner/Operator of the Café’ Z restaurant, was shut down due to “Poor management” by Zebny. According to one article (“Z Square Cafe Shuts Its Doors”), The Cambridge License Commission lists violations for, “…failure to apply for change of manager, failure to have a current worker’s compensation insurance, a noise complaint within the six-month probationary period on their entertainment license, and unpaid police detail.”

The restaurant failed after Loral/Zebny raised millions of dollars, heavily promoted Café Z and enticed investors to get involved at Live Out Loud seminars. The sudden failure of Café Z stymied many considering it’s large financial backing. Funds invested were never fully accounted for, with Langemeier refusing to open accounting books for any of her investment schemes. Investors have tried for months to get information on where their money went in the Café Z investment but have been completely stone-walled from Langemeier and LOL responses. Zebny filed for bankruptcy in October 2009 leaving investors with NOTHING.

          Crumbs R Us: Aka “CRU”

In January of 2006, “Crumbs R Us” was to be a real estate venture based in Alexandria, Louisiana. A man by the name of Jay Pearson (also connected to the aforementioned “Entrust”) was promoted as managing the deal. Several investors state they invested money in CRU with claims it would earn a healthy return of 12% while supposedly being securely backed by promissory notes and “…plenty of real estate”. Homes were to be purchased costing less than $100,000 then rented for $400 to $500 per month and later sold at a profit. When the notes became due in 2009, Loral had traded the notes for undisclosed assets to Jay Pearson, P.O. Box 18830, Alexandria, LA 71315, owner of Crumbs R Us and Clear Zone Nursery ( Loral decided she had enough of the responsibility of paying the investors on those notes and sold or transferred them to Jay Pearson.

A statement issued on August 11th 2009 from his attorney, Mr. Bradley L. Drell of GOLD, WEEMS, BRUSER, SUES & RUNDELL 2001 MacArthur Drive, Alexandria, LA 71301 Telephone: (318) 445-6471 ( Mr. Pearson is trying to make his small business ventures survive the current economy and not go bankrupt with intentions to make repayment on the notes. Loral knowingly transferred her liability in the transaction to Mr. Pearson, took her cut of the deal and left the investors holding the bag! Langemeier now claims Pearson used her good name without her consent and is doing everything to distance herself from the Crumbs R Us fiasco on advice of her attorneys. Langemeier and Pearson also own several other businesses together such as,, Out of the Box Holdings, LLC. and These co-owned businesses make it hard to deny association with Pearson!

          First Payment Solutions: FPS

FPS was designed as a company that allowed employers, who had employees internationally, to pay their employees in the currency of the country of their residence by credit cards. In a sworn statement, one client invested $50,000 dollars and later paid another $5,000. FPS disappeared with no explanation to investors. Another failed Loral Langemeier promoted business! This was another one of Langemeier’s FANTASTIC business opportunities; FPS never even got off the ground!

Here is a direct quote from one of Loral’s websites:

“At a recent workshop I invited a participant, Tom, out of the audience to present his idea for creating new money to the group. Guess what happened? In only 96 minutes, with my Millionaire Maker help, we built a fully structured consulting business plan to make him $125,000 his first year! Can you believe that? He left the stage with a marketing funnel and a tactical plan, specific sales strategies, a model company, a complete revenue model, a corporation and a whole team to help him do it! Tom had people in the audience raising their hands, soliciting his service. The fact is he made money before he left the workshop…even before he left the stage for that matter! And I want you to experience that as well. I am the Millionaire Maker and it’s your turn to learn from me.”

Does anyone really believe Tom made money before he left the stage or workshop? Steer clear of Loral Langemeier. She is a cold, calculating con-artist with the resources to manipulate people before, during and after they have been put through her complicated web of deceit.

If you have any additional information regarding failed business ventures or information regarding Loral Langemeier please contact this forum.

If you have been a victim of Loral Langemeier please let your story be known. Below we have included a link to a victim statement form, please download the document(s) follow the provided instructions and return them as soon as possible. Should you need any assistance we will arrange for an investigator to assist you.

 January 30th, 2014  
 Scam Alerts  
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Mark (aka: “Zio”) Segovia & Betty Segovia

Mark Segovia is now calling himself “Zio” Segovia

(Zio-meaning Uncle or Slang for Brother in Togo western Africa)


Mark Segovia

Mark Segovia (now calling himself “ZIO” or “Uncle” Segovia)

Kurt Bowker, Lidio Rancharan
(Other accomplice’s names being withheld pending further investigation)
DBA: Vault LLC & “Grupo Bannorth” Banking Services, Panama.

Will steal your money! In this case they stole over $1,600,000.00 and did
knowingly cause losses to investors in excess of $2 Million Dollars

They will promise you they can effect major financial transactions
or investments with incredible returns then rob you blind!

Here’s the summary of the case:

Lidio Rancharan

Lidio Rancharan

In February of 2006, numerous potential investors/victims attended an investment seminar in the state of Washington put on by a group out of Vancouver, WA. One of the local presenters was a man by the name of Kurt Bowker. Other local names are currently being withheld pending further investigation. It is now understood that none of the persons involved in marketing the investment product were licensed to do so.

The investment proposal was purported to produce a high yield with a monthly cash flow using Life Insurance Policies that the group would purchase and subsequently sell at a profit to institutional investors. Then the group would see a return of their investment to the tune of 15-30% monthly.

Based on the convincing presentation, written prospectus and the name-dropping of investment companies like Fidelity, the group bought into the pitch. Over the next several weeks the group put together approximately $2.3 Million Dollars to invest in this scheme.

The group was told initially that the funds invested were being used to purchase 3 life insurance policies, 2 policies with a $10 Million benefit and one with a $3 Million dollar benefit payout for a total of $23 Million US Dollars. Ultimately, the promised returns never came to fruition.

Later it was discovered that these same Life Insurance Policies were utilized by Lidio Rancharan to bilk investors out $100’s of Thousands of dollars from a separate group of victims in Canada.

Early on in the first few months of the scheme, some or the Washington affiliated investors became nervous and were actually able to withdraw or recover approx. $350,000.00.

When returns did not begin as promised, the group began pressuring the local, Vancouver Washington accomplices who finally admitted that they were not in control of the subject policies. In fact the policies were under the control of “Vault LLC” company that was owned by Mark and Betty Segovia who seem to bounce around from the states of New York, Georgia, Arizona, California to Panama.

Shortly after this realization, in September of 2006 the first of many weekly conference calls were held with Mark Segovia/ZIO Segovia. During these calls Segovia continued promising to make good on the investments with various other “Deals” he was making, always indicating that even though the policies hadn’t been turned over for a profit that they still existed and the investors money was secure.

This was the story from Mark Segovia (Zio Segovia) up until the first months of 2008. It was around this time that the investors learned that Mark Segovia had allowed the all three of the Life Insurance Policies to lapse by failing to pay the premiums. On top of that the Segovia’s “Gutted” the cash value of the policies to the tune of $1,600,000.00 and absconded with the money that was rightly the property of the investors.

Once the investors confirmed and collected sufficient evidence to support their findings, they confronted Segovia, who is currently “on the lamb” residing in Panama acting as a financial consultant for Grupo Bannorth Bank. Once confronted with the overwhelming evidence, Mark Segovia conceded that he had indeed drained the cash value from the policies and allowed all of the policies to lapse. . It was also learned that Bowker was allegedly paid off by Segovia to the tune of $250,000.00 and then fled Washington and started another business in Arizona.

Victims of this scam at one point were advised by the Segovia’s, that they were represented by one Mr. Albert Coleman, an attorney out of the Atlanta area. When contacted Mr. Coleman denied any personal involvement in the scam to the victims, however did supply significant information and documentation as to his role and involvement in the set-up and structure of Segovia’s web of business entities.

As late as January 2009, Mark (Zio) and Betty Segovia continue to make empty promises to return the stolen money. But, it is apparent that all have been just a ploy to stall and put off the investors in hopes that they will not actually take any action and just go away.

International Fraud Alert spoke with an official at the, who advised that they had been brought into the matter by one of the investors to examine the issue from a criminal perspective and attempt to possibly mediate the situation to resolution.

IFA has concluded from the information from various sources that Mark Segovia (Zio Segovia) continues to attempt to entice others from his hideout in Panama City, Panama. In fact it is alleged that Mark-Zio Segovia lives a very highlife on the backs of unsuspecting victims with promises of riches and financial success. Our belief is that Segovia does nothing more than entice, induce and scam unsuspecting victims into being defrauded out of their hard earned money.

In fact IFA has learned that this incident is not the first time that Mark Segovia’s nefarious activities have caught up with him. If would seem that he was party to a legal action in 2004 in Federal Court for allegedly the same type of conduct against a Mr. Peter Fagan and Comanche Investments the court issued a judgment against Segovia for approximately $500,000.00.

Mark Segovia is described as: Black Male, approx. 47 yoa, with a dark complexion, 5’10-6’00 ft tall, 180-200 lbs, likes to dress in expensive clothes and speaks with a slight European/Caribbean accent and a silver tongue.

Betty Segovia: is believed to work as a flight attendant out of the Atlanta area on route(s) between Phoenix and San Diego, CA.

Bottom-line WARNING to the public, BEWARE of Mark (aka: Zio) and Betty Segovia, Lidio Rancharan or anyone associated with them. These crooks will claim to be able to assist you in making large sums of money in their investment programs and it is a scam they will take your money laughing all the way to the bank, leaving you broke.


IFA is still in the process of verifying the legitimacy of Grupo Bannorth, Panama City, Panama. All documents executed by Grupo Bannorth have been executed by the below listed entity.
Grupo Bannorth S.A.
Urbanizacion Marbella
Ocean Business Plaza, 13th Floor, Office 1311
Republic of Panama
Attn: Alexis Vargas
Vice-president and Legal Representative

If you have any information that will assist in the arrest and conviction of these criminals send an email. This case is currently under investigation any and all sworn statements will be taken and appreciated in the pursuit of these Fraudsters! Also please report your case to your local, state and federal authorities. Help us put stop to these scam artists from destroying the lives of anyone else!!