Fraud Alerts Int'l.

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Jan
30

LORAL LANGEMIEIR-SCAM ALERT!!!

Loral Langemeier

SCAM ALERT!

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, liveoutloud.com (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, liveoutloud.com, and other websites posting her materials (www.diversifymyincome.com/2009/08/19/loral-langemeier/) 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: http://www.ncea.aoa.gov/stop_abuse/index.aspx)

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

Expert.

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 (http://www.consumeraffairs.com/news04/2010/02/-drphil_money_scam.html) 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

http://www.theentrustgroup.com/

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!

(See; http://www.theentrustgroup.com/locations/franchises/14/.)

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.

   Trinity:

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 (clearzonenursery.com). 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 (goldweems.com). 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 marketatthegreens.com, clearzonenursery.com, Out of the Box Holdings, LLC. and graywalk.com. 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.

{Allegations are substantiated/evidenced and are on file with an independent investigative entity}
Contact us at [email protected] or email us via our “contact us” page.

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Jan
13

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)

Accomplice/Co-conspirators”

Mark Segovia

Mark Segovia (“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 GlobalAdvocates.ch, 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.

Note:

{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!!

{Allegations are substantiated/evidenced and are on file with an independent investigative entity}
Contact us at [email protected] or email us via our “contact us” page.

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