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. 

Here are the facts:

     In August of 2007 Rebecca Castaneda a dentist in San Francisco, California emailed the victim information on an investment opportunity she was pushing in Panama.  The victim reviewed the materials and after discussions with Castaneda decided to invest in the Ranger Panama Fund Series, S.A – the “Altos Escondidos” Project. The victim wired $50,000 to Ranger Funds, LLC.  

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]




 Taiwan Businessman Steals in excess of $1,500,000.00 from his US Employer



Los Angeles, California – August 28, 2012

Ho-Chun Lee aka: “Jeff Lee”, President of “Circle Transportation”, AKA – Upswing Logistics, Inc,  87 Hoping First Road, Kaohsing, Taiwan embezzled over $1,500,000.00  (ONE MILLION FIVE HUNDRED THOUSAND US DOLLARS) from his former employer  INCARE CARGO SERVICES of Los Angeles, California.   Ho-Chun Lee is currently WANTED FOR ARREST by US Authorities on a $1, 124,396.00 (US)  International FELONY Warrant.  Lee is believed to be 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 HO-Chun Lee, aka: Jeff Lee was INCARE Services’ administrator and had duties and responsibilities which included:   1) Outside Sales; 2) Management of INCARE Services customer list; 3) control and supervision of INCARE Services business accounts; 4) Overseeing customer relations.   During this period, Jeff Lee a trusted employee with a high level of responsibility, used his position to STEAL in excess of $1,500,000.00 from his employer INCARE Cargo Service, Inc.

As a trusted employee of INCARE Cargo Services, Inc.  HO-Chun Lee, aka: Jeff Lee managed to obtain access to INCARE Cargo Services incoming mail and customer files.  In June of 2006 Jeff Lee incorporated a separate company with a similar name to INCARE Cargo Services Inc., the new company was called INCARE Cargo Express, Inc., and he set up a corporate bank account at a local Los Angeles Bank.  HO-Chun Lee, aka: Jeff Lee then began intercepting checks made out to INCARE Cargo Services Inc., and began depositing them into his new account.  HO-Chun Lee, aka: Jeff Lee also managed to aquire an INCARE Cargo Services Stamp which he used to indorse checks written to INCARE Cargo Services Inc.  In addition to falsely indorsing checks made payable to INCARE Cargo Services Inc.,  HO-Chun Lee, aka: Jeff Lee misappropriated INCARE Cargo Services Inc. customer list which eventually put INCARE Cargo Services Inc. out of business.

The theft was discovered when the 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.

After the theft was discovered HO-Chun Lee, aka: Jeff Lee directly misappropriated customers to his brother-in-law companies HCLM Express Services Inc. and Up Swing Logistics, 8717 Aviation Boulevard, Inglewood, CA.    CHUNG FUNG MAK, HO-Chun Lee, aka: Jeff 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 Global Advocates at [email protected]




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]


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:

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.


Nathan Gaub of Yakima Washington up to the old Gaub Brother Tricks!

Nathan Gaub, brother of scam-master Dan Gaub who committed SUICIDE in May of this year (2012) after discovering he was under federal investigation for securities fraud, is now getting in line to be the next scam-master. Nathan Gaub Claims “Nathan w/ his brother, Dan, to have created an unsurpassed system of Forex Trading at a Reasonable Cost”. This statement is an outright lie, DONT BE FOOLED!!The Gaub brothers have never developed a FX trading system that is “UNSURPASSED to anything”, one investor close to the brothers said.

Dan Gaub was an extremely polished, smooth talking, charismatic fraudster, stealing tens of millions of dollars from unsuspecting victims. Dan and his wife Dawndee Gaub were never licensed or registered to sell any type of securities, gave no prospectus as required by Federal Law. They never determined if the victims were accredited investors.

Dawndee Gaub KNOWINGLY conspired to lure and induce her closest friends into investing  their life savings to her husband fraudulent enterprise in order to live a Kings lifestyle from proceeds of the criminal enterprise. Dan Gaub made up fictitious wealth associates to give the appearance of affluence and credibility he often referred to as  “Clark” and “Terry”, Lies abound.

Allegations have surfaced from sources close the family that the brothers learned their trade of lies and scams early on from their Father “Evangelist” Ken Gaub who operates a “Christian” ministry. Ken has claimed to have preformed many incredible miracles to include raising people from the dead, that many say are nothing but deceptions to perpetuate his own fraudulent schemes based in religion.

Some witnesses are saying that Ken Gaub has actually made a claims to is deceased son’s fraudulent estate. Asserting that $2000.00 a month payments he made against personal a loan he made from his son, were actually his own money he had invested in Dan’s illegal pyramid Forex pyramid scheme. When actually the funds he had “borrowed” from Dan from stolen proceeds of the fraud to begin with.

A HIGH ALERT is being issued regarding Nathan Gaub. Investigators have rendered, that from reviewed of witness testimony that he is a man of very low moral Character following in the family tradition of making up lies just like his brother Dan in order to continue the fraud started by his Brother. Upon numerous requests from victims to “clear the air”, Nathan Gaub  refuses to show proof of the hundreds of millions his brother made from the FOREX system Nathan claims he and his brother developed together.

To date not one person has came forward to state that they learned anything that produced real profits from the Gaubs. In fact, each person that has been interviewed has stated the system Dan and Nathan claim to have developed to trade FX is a fraud and scam.

The investigation continues. As new developments in this reprehensible story unfold, they shall be published in this and other domestic and international forums.We will have more stories coming and we will be giving out these stories to more media. Unsuspecting victims need beadvised of the Gaub family legacy of schemes and deception!



Dawndee Gaub has demanded in court that money stolen from the scam victims be given to her to manage while being paid to do so!. Facts show that Dawndee Gaub was knowingly complicit in the fraudulent scheme to defrauded and bilked tens of millions of dollars from trusting investors. She conspired with her husband by inducing personal friends of hers to invest their life savings into the scheme.

Together they purchased and enjoyed yachts, fancy cars, luxurious vacations, fine dining a lifestyle most only dream of. Statements have been made by people close to the Gaubs that Dan gave “tons” of cash from victims to his father for Ken Gaub Ministries, who has has made a claim against the estate asserting that his son took money from him also and he wants to be compensated.

Robert “Bob” Mihailovich-Scam Artist!!! Convicted Again

Robert “Bob” Mihailovich Sr. Creates

“New” investment scheme: Violates

terms of Parole on previous conviction!

Beware of Mihailovich and the companies he has traded for (FXCM, I-Trade and Taurus Global Markets)  You will likely be swindled and LOOSE YOUR MONEY!!!!

Robert Mihailovich Sr. (a convicted felon) of 6218 new Forest Drive, Rockwall, Texas 75087 is under investigation for defrauding at least 14 individual investors of $900,406,000 dollars through Growth Capital Management Corporation.

Mihailovich pled guilty to a charge of mail fraud, aiding and abetting on 03-24-2005 for offenses which took place in 1999 and 2000. Federal District Court of Dallas Texas (3:05-cr-00067-N).   He was ordered to make restitution in the amount of $197,446.12 and pay a $50,000 fine and was ordered to serve 21 months in prison beginning October 3rd 2005.  After his release he was to serve three years of supervised release with a special condition that he “refrain from incurring new credit charges or opening additional lines of credit without approval from his probation officer Sherry Britt, probation office in Garland, Texas.  It was also alleged he obtained a line of credit in the amount of 50,000 from Chase Bank activity prohibited by his prior felony conviction.

Mr. Mihailovich claimed to have a 30 years history of never losing money investing in the futures market using his proprietary software program and “Better Math”. Mihailovich marketing materials made statements:  “NO WAY TO LOSE”, “NO RISK TO THE INVESTED CAPITAL” AND “RESULTS ARE GAURANTEED”.  At least one investor has a signed affidavit “Under penalty of perjury, I have never experienced a loss in more than 30 years of trading”

Victims indicate that between about May 2008 and January 2009 Mihailovich operated by guaranteeing at least a 10% profit per month on each account, which he would then split -50/50 with each investor.  14 investors all have had similar experiences:   After depositing large initial investments to a joint trading account Mihailovich would draw down the account in a very short period of time.

The victims accounts some with beginning balances over $100,000 would be drained of value to less than a few hundred dollars in less than few short days blaming the losses on accounting errors of investment/trading firms holding the funds.

A source at the National Futures Association stated, “Failure to declare Mihailvoich was a convicted felon would be grounds for immediate dismissal”.   The SEC  (Securities and Exchange Commission) and the CFTC (Commodity Futures Trading Commission) indicate that Mihailovich nor anyone from his company were registered to act as traders until September 12th 2008 when Robert Mihailovich Jr became a registered agent for Growth Capital Management through NFA and the CFTC .

Mihailovich entered agreements with and was allowed to manage and “Trade” funds through three different currency-trading companies without proper credentials;

TAURUS:  1300 Oak Creek Drive #319 Palo Alto, CA 94304 Tomo Sagare, President 650-814-7320, Kaz Nakanigaishi, Chief Representative 650-291-6642

ITRADE: 400 Colonial Center Parkway Suite #300 lake Mary, FL 800-842-6061 trading

FXCM (  Forex Capital Markets, Financial Square 32 Old Slip, 10th Floor, New York, NY 10005 USA  888-503-6739

FXCM was the only company that stepped forward and accepted any type of responsibility in this fiasco offering one investor who is a retired widow living on a “fixed income” a paltry  $3000 in exchange for signing a hold harmless in an attempt to have the victim release them of any further responsibility after her account went from $50,000 to $500 “within hours” between the 5th or 6th of January 2009.  This victim has since been forced to come out of retirement and gone back to work due to her significant loss. Additionally a previous employee has stated that Mihailovich owes him over $40,000 in back wages and has since terminated his employment.

If you have any information related to Mr. Mihailovich’s investment schemes please contact:

[email protected]

See press release from the CFTC:

CFTC Seeks to Revoke Registration of Growth Capital Management LLC Based on CFTC Anti-Fraud Action

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today filed a notice of intent to revoke the registration of Growth Capital Management LLC (GCM) of Rockwall, Texas. GCM is a registered Commodity Pool Operator and Commodity Trading Advisor.

The CFTC’s notice alleges that GCM is subject to statutory disqualification from CFTC registration based on a default judgment order and an order of permanent injunction entered by the U.S. District Court for the Northern District of Texas on March 15, 2011, and June 26, 2012, respectively (see CFTC News Release 6299-12, July 9, 2012). The permanent injunction order requires GCM jointly and severally to make restitution to defrauded customers, disgorge ill-gotten gains, and pay a civil monetary penalty, together totaling over $9.3 million, for fraudulently soliciting over $30 million from customers to trade commodity futures contracts and foreign currency (forex). The order also permanently bans GCM from further violations of the anti-fraud provisions of the Commodity Exchange Act and permanently bans GCM from engaging in certain commodities related activity, including trading and seeking registration in any capacity with the CFTC.

The court’s order arises out of a CFTC complaint filed on July 27, 2010, against GCM, Robert Mihailovich, Sr., and Robert Mihailovich, Jr., the son of Mihailovich, Sr. (see CFTC Press Release 5863-10, July 28, 2010). Mihailovich, Sr. was convicted and incarcerated on federal wire fraud charges, served 27 months and, while on a three-year supervised release, fraudulently solicited and accepted more than $30 million from approximately 93 customers to open managed trading accounts, according to the complaint. Mihailovich, Jr., at the time of GCM’s initial registration, failed to disclose Mihailovich, Sr.’s involvement with GCM and failed to disclose in CFTC registration filings that his father was a controlling principal of GCM, the complaint alleged.

The CFTC Division of Enforcement staff members responsible for this case are Alison B. Wilson, Boaz Green, Stephen T. Tsai, Maura M. Viehmeyer, Philip Tumminio, Michelle Bougas, Anne Termine, Gretchen L. Lowe, and Vincent A. McGonagle.


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