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
FUGITIVE-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]
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
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.
Jeff Berwick -“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 http://dollarvigilante.com/, 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. http://www.stewartlaw.co.nz/
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 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: http://galtsgulchchile.com/ http://dollarvigilante.com/ http://dollarvigilante.com/blog/2013/9/3/galt%E2%80%99s-gulch-chile-%E2%80%93-where-the-world-is-coming-to.html http://www.motherjones.com/politics/2014/02/libertarian-expat-communities-chile http://panampost.com/adriana-peralta/2014/09/04/galts-gulch-chile-libertarian-paradise-turned-nightmare/ https://www.internationalman.com/im-forum/viewthread/2757/ http://www.youtube.com/watch?v=6ACyTkJOjww http://anarchast.com/about/ http://news.nationalpost.com/2014/09/26/freedom-and-liberty-not-enough-to-save-galts-gulch-chile-libertarian-community-from-bureaucracy-and-internal-dissent/ http://www.bitcoininspector.com/jeff-berwicks-warning-about-galts-gulch/
Warning Ongoing Allegations for Financial Fraud against-http://www.silverdreamboxingcorp.com/
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 fraudulentconspiracy.
“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.
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!
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”.
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.
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.
(Zio-meaning Uncle or Slang for Brother in Togo western Africa)
Accomplice/Co-conspirators”
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
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.
DBA: Orbit Petroleum/Pyramid Petroleum
(Operates out of Oklahoma City, Irving/Houston Texas, New Mexico, Calgary Alberta)
Update 2018:
IFA has been advised that – Jim Frazier currently works as Chief Financial Officer for “Sixty Six Oilfield” (https://www.sixtysixoilfield.com/), a subsidiary of 665 Energy in Oklahoma City, OK and operates out of an office located at 9620 S. Pennsylvania Ave. Oklahoma City, OK 73159, and owns 20 million shares of 665 stock, ticker symbol SSOF.
Jim Frazier and his companies will steal your money. In this case he defrauded his victim for nearly $200,000.00. Numerous other victims where also taken for nearly $2,000,000.00 (Accused of stealing in excess of two million U.S. dollars) Jim Frazier will promise incredible returns on Oil Well Investments, pocket your money & you will never hear from him again.
Offense Summary:
The Complainant, a resident of the state of Georgia, advises that he was victimized by a subject identified as Jim Frazier, President of Orbit Petroleum (pictured above) at the time operating out of Oklahoma City, Oklahoma. The victim alleges that Jim Frazier did in fact knowingly steal and/or by deceptive means defraud him in the amount of $187,500.00 (One Hundred Eighty Seven Thousand Five Hundred U.S. Dollars).
www.orbitpetro.com
In late 2006, Jim Frazier solicited the victim regarding what Jim Frazier referred to as an incredible investment opportunity in an oil well project located in New Mexico. At the time the victim had been looking for a secure investment to assist with paying for tuition for his two children who were attending college.
Jim Frazier delivered and investment prospectus and supporting geological survey documentation on a particular project he referred to as the “Chavaroo Oil Field” in New Mexico. Over the course of the next several weeks he contacted the victim numerous times by way of phone, fax, email and U.S. Postal Service.
Jim Frazier enticed the victim by promising that there was NO way to lose, as the investment was “full proof”. Jim Frazier assured that leases of the Chaveroo site secured the investment and that the leases value far exceeded the amount of the investment.
The pitch and the prospectus indicated that the investment was divided into “Units” and that each “Unit” had an actual value of $70,000.00. In fact in follow-up correspondence Jim Frazier indicated that each Unit had an actual value of $76,227.00. However, Jim Frazier purported that in order to raise the necessary operating capitol for the bountiful Chavaroo oil field the Units were being offered at a reduced rate of $37,500 each.
Further, Jim Frazier Guaranteed the units were to produce a return of $1,000.00 per month each. Jim Frazier called this investment scheme “OPPJV” (Orbit Petroleum, Partnership Joint Venture). The investigation into this matter has uncovered an important piece to the puzzle in relationship to the value of the “Units” that Jim Frazier represented to the victim.
In February of 2008, a “RICO” lawsuit was filed in the United States District Court in the Central District of California. The complaint surrounds this very same scam that Jim Frazier and his Co-Conspirators played on a separate group of people. The “Complaint” alleges that between April 2006 and July 2006, Jim Frazier was instrumental in the inducement of 16 different victim for a total of $2,288,000.00 (Two million two hundred and eighty eight thousand U.S. Dollars)
In this situation Jim Frazier and company pitched that there existed 100 “Units” in the Orbit OPPJV each having a value of $100,000.00. Ultimately Jim Frazier and his cronies induced these victims into buying a total of 26 “Units” at a price of $88,000.00 each. As in the case with our victim the Federal Court record indicates that the money was converted and stolen, leaving the victims with nothing.
In December of 2006, Jim Frazier had finally convinced the case subject victim that this scam was legitimate and he wired Jim Frazier $187,500 which amounted to his children’s entire college fund. In exchange for this investment the victim was to receive 5 units and immediately begin receiving $5,000.00 a month in returns, but none ever came to fruition.
The Share Price of Orbit Petroleum as of January 2009 was $.07 a share.
By July of 2007, Orbit Petroleum entered into bankruptcy proceedings in New Mexico. Further, at about the same time Jim Frazier sold the Chaveroo oil field Leases that supposedly secured the victim(s) investment to Ridgeway Petroleum, who subsequently changed their name or “EOR” (Enhanced Oil Recovery), for a measly $600,000.00 which amounts to about 6% of the value that Jim Frazier had stated in writing.
enhancedoilres.com
Investigation has shown that Jim Frazier has left a path of financial destruction for numerous individuals and companies. A source at Tipton Oil advised that they had originally had been hired by Jim Frazier to operate the Chavaroo field however Jim Frazier made no real attempt to make the Chavaroo site a legitimate operation and that his claims of the potential production were nothing more than embellishments to entice unsuspecting victims. Tipton also said that Chavaroo had been all but pumped dry and more or less shutdown for lack of production.
Further, the Tipton source stated Jim Frazier defrauded their company out of literally millions of dollars. They also say that once Jim Frazier had begun the bankruptcy in New Mexico, he began selling off assets of Orbit in violation of Federal Bankruptcy Law.
Tipton has filed Lawsuits against Jim Frazier who has been represented in court by a John Green an attorney who works for another oil company called, Pyramid Petroleum.
pyramidpetroleum.com
Pyramid has since hired Jim Frazier as their Cheif Financial Officer.
Tipton oil sources speculate that Pyramid may have become involved with Jim Frazier in order to place themselves in a position to absorb some of Jim Frazier or Orbit’s ill-gotten assets. All attempts to contact Jim Frazier, Orbit Petroleum, Mike Myers (current president of Orbit) and Pyramid have been ignored by all.
www.orbitpetro.com/
A source at GlobalAdvocates.ch advises that they were asked by the victim in November of 2008 to investigate and advocate as his behalf. They believe that the evidence will show that Jim Frazier violated numerous state and federal laws.
Alleged Federal Crimes/Offenses committed*:
Mail Fraud-(Title 18, USC, Section 1341)
Wire Fraud-(Title 18, USC, Section 1343)
Securities Fraud-(Title 28, USC, Section 1658)
Money Laundering-(Title 18, USC, Section 1956)
Tax Evasion-(Title 26, USC, Section 7201)
RICO-(Title 18 USCA, 1961)
Bankruptcy Fraud-(Title 18, USC, Section 157
Bottom-line WARNING to the public, BEWARE of Jim Frazier. This man will attempt to induce you into oil well investments and it appears to be nothing more than a scam! Jim Frazier will take your money laughing all the way to the bank, leaving you broke as he did the victim in this case and numerous others.
Jim Frazier is described as follows:
Race: Caucasian, ruddy/pasty complexion
Height: 5’10-6’00
Weight: 210 lbs
Build: Stocky
Age: 45 yoa
Red Hair & Blue Eyes
If you have any information that will assist in the arrest and conviction of this criminal, or if Jim Frazier too has victimized you, send us an email. Also, please report your case to your local, state and federal authorities. Help us put stop to this scam artist from damaging 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.
One object in this forums mission is to expose those who wish to harm our most vulnerable.
We have been asked by Assisted Living Today to post resources that may be able to give support and assistance to our Seniors and found it to be an excellent idea.
We hope our visitors may find this useful.
Assisted Living Today
http://assistedlivingtoday.com/
National Center for Elder Abuse: http://www.ncea.aoa.gov/
SHARON KLEYNE OF ROUGE VALLEY NATURAL SPRINGSBIO-LOGIC AGUA RESEARCH
Sharon Kleyne hired the below man to raise millions of dollars for her water operation. Many are claiming they have been scammed and lied to about what they were promised.
We are asking all victims to come together and advise us ASAP if you are a victim. If you have paid money to Sharon Kleyne.
Stories and victims together are being gathereed for a national story and a class action suit.
Do not trust Gary Neil Cramer. He has ripped off millions of dollars from victims all over the USA.
He has made many promises he has not kept. Cease and desist orders are in place!
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 (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 be advised of the Gaub family legacy of schemes and deception!
SCAM-MASTERS WIFE, DAWNDEE GAUB DEMANDS SHE BE PAID TO MANAGE HER LATE HUSBAND’S ESTATE IN LIEU OF MONEY BEING RETURNED TO THE SCAMS VICTIMS!!
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 personalfriends 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.
For additional information contact: http://www.equalizergroup.org
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2006 Booking photo 
Timothy/”Michael” DeAngelis current 
Jack DeAngelis
SCAM ALERT!
