Ron & Travis Cadman Cross-Border Schemes

CBI/CADMAN Victims issue a warning!!!!

Between 2006 and 2010, Alberta [Red Deer/Sylvan Lake] native Brothers Travis and Ronald CADMAN doing business as “CBI” [Cadman Brothers Inc.] are alleged to have defrauded thousands of investors of approximately $100,000,000 [CAD] by way of misrepresentations and omissions.

Ron Travis Cadman

               Ron & Travis Cadman

The schemes involved numerous “Real estate land development projects”, all of which failed to produce the promised profits and caused the loss of nearly ALL of the victims principle cash investments. In most cases hardworking and often elderly Canadians have been left destitute with NO savings with which to retire

The Cadman’s and/or their companies have been the target of a numerous ‘Class Action’ lawsuits in Canada which have reaped very little in the way of returns to the victims.

The Alberta Securities Commission has investigated and sanctioned both Travis and Ronald Cadman on multiple occasions over the last decade, but all of the activity has failed to return any of the illicit proceeds to the victim investors. *[see links to ASC below]

Travis Cadman during testimony to the ASC admitted ‘CBI’ had “raised $73,457,000 from at least 2600 investors over the years.”]

Subsequent to being banned by the ASC from being a principle in any company or investment entity in Canada for Securities crimes, the Cadmans seemingly ‘relocated’ their operations and their stolen cash assets out of Canada, some [several million dollars] of which have been invested in real estate in Arizona and Texas.

It would seem that the objective was to extract as much money as possible from Canadian investors and then move the money outside of the borders of Canada to the United States and elsewhere as to make the recovery of the funds out of reach of the Canadian Courts.

These schemes were perpetrated utilizing more than 40 different companies in the US and Canada have been identified as being connected to the CADMAN’s various alleged schemes.

Some of the investors has recently learned of an effort within the United States to make the Cadman’s account for there misdeeds.

A source within the Justice community in the USA indicates there are ongoing investigations into the Cadman’s and their business activities in the states.  A separate source also advised that legal actions are underway in US Courts targeting more that $20,000,000 million worth of assets owned by the Cadman’s in the states of Arizona and Texas.

See the list of companies discovered so far that make up parts of this horrendous theft from hardworking and often elderly Canadians:

Keystone Real Estate Investment Corp-Alberta

CBI Investments Ltd.-Alberta

CBI Capital Inc.-Alberta

Frank Capital Partners Inc.-Alberta

Cadman Investments Ltd.-Alberta

744988 Alberta Ltd.-Alberta

11244344 Alberta Ltd.-Alberta

1124352 Alberta Ltd.-Alberta

Diamond Key Capital Corporation-Alberta

Diamond Key Holdings Ltd.-Alberta

Diamond Key Developments Ltd.-Alberta

Lake House Investments Ltd.-Alberta

Lake House Capital Ltd.-Alberta

Keystone Business Park Inc.-Alberta

KBP Capital Corp.-Alberta

Arizona Capital Fund Inc.-Alberta

Timber Rock Holdings Ltd.-Alberta

AZ Mortgage Corp.-Alberta

Chestermere Lands Development Corporation-Alberta

1588787 Alberta Ltd.-Alberta

1239694 Alberta Ltd.-Alberta

Cachet Fine Homes Ltd.-Alberta

Arizona Investar Corp.-Arizona USA

Cadman Properties Inc.-Arizona USA

Arizona Acquisition Fund Corporation-Arizona USA

Sonoma Investar General Partner Inc.-Arizona USA

Sonoma Gardens (Phoenix), LP.-Arizona USA

Sonoma Gardens (Phoenix), LLLP.-Arizona USA

Sonoma Investar, LP.-Arizona USA

Sonoma Gardens, LP.-Arizona USA

Sonoma Gardens, LLLP.-Arizona USA

VOS Holdings, LLP.-Arizona USA

VOS Holdings GP, Inc.-Arizona USA

VOS Holding, LP.-Arizona USA

VOS Holding GP, Inc.-Arizona USA

Renue Properties (Sonoma Gardens) Arizona, Inc.-Arizona USA

Southwest Contracting (AZ) Inc.-Arizona USA

Diamond Key Homes, LLC-Arizona USA

Cadman Investments LLC-Arizona USA

Valley of the Sun Real Estate Management Inc.-Arizona USA

Diamond Key Homes, LLC-Delaware USA

Cherokee Partners, LLC-Delaware USA

Compass Investar LP-Texas USA

VOS Holding GP, Inc.-Texas USA

Compass Investar General Partner Corporation-Texas USA

Donovan Investar General Partner, Inc.-Texas USA

Donovan Investar Limited Partnership-Texas USA

[additional companies are under investigation outside of the USA and Canada which we have been asked to remain confidential in the interest of ongoing investigations]

If you were a victim of these fraudsters soon there will be additional information and a link to make contact with US Investigators to help bring these criminals to justice, so stay tuned.

*Alberta Securities Commission Links:

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