Comments for UTAH SECURITIES FRAUD

Comment on SILVERLEAF FRAUD FILING by Heycede

Heycede — Fri, 10 Feb 2012 15:06:29 +0000

I had a chance to be a part of Silverleaf’s Real Estate Brokerage (early 2008) and soon instincts alerted me that this is a “run, don’t walk” away from situation. I remember Shane taking a few of us to lunch and the look I got when I ordered a beer, priceless! I remarked to him ” ah you just want everyone to think you just fell off a BYU homecoming float” and continued to drink my beer, That was the angle and persona he uses!

Comment on Thinking of investing in a hedge fund? Here are some tips for sniffing out potential fraud. by Thinking of investing in a hedge fund? Here are some tips for sniffing out potential fraud. | UTAH SECURITIES FRAUD | The Sax Angle

Sun, 05 Feb 2012 17:01:42 +0000

[...] Thinking of investing in a hedge fund? Here are some tips for sniffing out potential fraud. | UTAH S…. Share [...]

Comment on Ponzi Scheme and Investment Fraud Red Flags by Tracy Coene

Tracy Coene — Mon, 23 Jan 2012 22:20:04 +0000

I think that those are communication problems not necessarily indicative of a Ponzi scheme, just bad customer service as Mark said. What would concern me more would be:

1. Refusal to provide more information about the investment when asked. Evasiveness when questions about the financial statements, company ownership, details of the operations, would trouble me. These are things they should be willing to provide if they want your money.
2. Rushing you to invest without giving you time to raise questions or fully think about it. This is especially a concern if you’ve said something like “I want to run this by my attorney, accountant, etc”. If they are rushing you into making the investment before seeking a trusted advisor’s opinion, I’d be very cautious.

Comment on Ponzi Scheme and Investment Fraud Red Flags by Mark Pugsley

Mark Pugsley — Mon, 23 Jan 2012 21:20:16 +0000

Not necessarily, that could just be bad customer service. The list of red flags in this article is the kind of thing that you need to watch for. If your investment has those problems then you should contact your state authorities or legal counsel.

Comment on Ponzi Scheme and Investment Fraud Red Flags by Victoria Sethunya

Victoria Sethunya — Mon, 23 Jan 2012 21:03:04 +0000

Would failure to return emails or phone calls or impatience with investor’s or client’s questions be a hint for anything in Ponzi business? Apologies if you already responded to this question.

Comment on Family Home Evening with a Fraudster by Joe Bloggs

Joe Bloggs — Sun, 08 Jan 2012 18:29:11 +0000

Something you don’t know, is that John Dudley was under indictment in the UK. He had a trading operation on insurance options and spent a lot of time in Monaco. He had his trading licenses taken away and began working as a laborer and ‘contracts manager’ under his own construction company. He under bid deals for home improvements and then waited until he almost finished the job to add on costs. He left the UK after having done wrong by many in the construction world with a letter to one business associate saying he was not a trained in construction but had done his best. This was his past before going to the USA. If you want to know who John Dudley really is, speak to the people in Surrey and South London who he allegedly cheated. Research his indictments in the UK. Now he faces the same in the USA and all his family barring one or two married off children for green cards (speculation but plausible for his own green card rather than visa) have been shipped back to the UK. Why not just be honest? Its so much easier than ripping people off. I do hope he and everyone else who follow each other on MLM and Ponzi scheme matters learn from these errors. I also believe that the LDS community should be less eager on get rich quick business ideas…it just gives these types of men the fuel they need.

Comment on SILVERLEAF FRAUD FILING by digger

digger — Thu, 05 Jan 2012 00:05:45 +0000

Another lawsuit filed Dec. 2011 against Mr. Baldwin and Mr. Staples. Local business Q-6 suing for $5M claiming misleading information provided regarding the investment, the collateral and use of funds. Lawsuit claims Mr. Baldwin is living the high life with fast cars, private planes and court side seats at the Jazz games while defrauding investors.

Comment on SILVERLEAF FRAUD FILING by digger

digger — Wed, 28 Dec 2011 20:57:42 +0000

I detect a growing sentiment of bad feelings towards this guy including one who refers to “our” glass house. Are you one of the protected inner circle? To that person marriage and kids can’t be a shield against justice.

Comment on UPDATE: Would you Invest in the Candwich? by eric bayster

eric bayster — Mon, 21 Nov 2011 21:22:57 +0000

I would expect that Candwich should return all the money that was invested by Mr Wright.

Comment on Yet Another Local Ponzi Scheme Indictment – Newport Financial by Jim

Jim — Fri, 18 Nov 2011 21:14:06 +0000

Clint, you have no clue what you are talking about. How would you know there was no deception? If there was no deception then why was he just charged with 7 second degree felonies? You think the state just made up those charges and pulled them out of a hat? Obviously the state has concrete evidence of deception if the Smiths are facing such serious charges. Your comment is ignorant. It’s people like you that trust con men like the Smith’s who are at risk of being their next fraud victim.