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
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:
