Garrison Securities SA Dan Terry, Nick Fox, Jason Mitchell, Richard West, Paul Jordan, and Joanne Dolan of Garrison Securities SA - FRAUDULENT AND SCAM BASED ORGANIZATION located in Lausanne, Switzerland

I just saw this on the following site Complaints Board.com. This person sent me this email below has just been defrauded by Garrison Securities SA. Unfortunately, there are many more stories like this. I recommended he file criminal charges at the local police department.

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Sir,

thanks for your email and an information given.

from your word it looks like true story... We have lost 150K. They have a good lawyers then to be able to sit in the government building together with ministry of finance...

We have requested a BG 100M Eur from them as we have confirmed credit line at receiving bank for our projects and we need this collateral which they propose to us. The credit line can be authenticated and verified. They requested from us: - an appropriately drafted indemnity would be acceptable to the Provider; such an indemnity would require any calls against the guarantee to be reimbursed at the end of the term. - ideally the indemnity would be bank endorsed (depending on the bank chosen the Provider may proceed without any alterations), if this is not possible then the Provider would like a detailed report on the current and projected value of the proposed indemnitor, so as to establish the substance behind the indemnity and risk associated with the transaction.

We are happy to sign any corporate undertaking needed to advance and conclude this transaction, but our receiving bank will not prior to the Instrument coming in. The simple facts, how can we provide anything to them, especially from the receiving bank, when we do not have which Bank, which provider, and or who the hell the Bank Officer is? Which came first the chicken or the egg ? In this case the dog !!! In return can how can they prove to us that they can indeed issue such an Instrument? In closing, we were happy to prove our position on a Bank to Bank basis (as stated time and time again to Garrison). So...

I wanted to reach out to you. Garrison Securities and its CEO Dan Terry have not repaid my client despite email correspondence from Dan Terry indicating that he will pay our client back. A few weeks ago, we travelled to Switzerland to file criminal charges against Garrison Securities. We went to a police cantonal located at Centre Blécherette 101 Rte de la Blécherette 1014 Lausanne. They informed us that Garrison has received complaints from other clients. They provided us with the necessary information to move forward criminal prosecution. We have been asked to collectively submit our complaints with other defrauded clients of Garrison. I would encourage you contact to me so I can provide information necessary so we can collectively submit our complaint to proper police authorities that handle corporate criminal fraud cases.

We are aware that you are working on a transaction in its final stages with Garrison and we are confident that they will not perform. Garrison has created a systematic fraudulent business model. It is based on presenting an applicant a collateral provision program that will provide a bank guarantee in order to raise a credit line. Garrison will provide you an Offer of Collateral Provision after paying their fee of 150,000 Euros or more. Their application is based on the client providing them with an approved credit facility and an exit strategy based on the return of the bank guarantee (collateral) at the end of its term unencumbered. The normal exit is via a take loan, IPO, or another investor taking out the bank guarantee.

However, the fraud scheme is in the fact that Garrison will then tell you after you send in your upfront fee that they require that the bank issuing your credit facility provide them a "counter guarantee". The bank is required to guarantee the return of your bank guarantee that is being used to secure your credit facility. The problem is that NO bank will accept a bank guarantee if they have to guarantee its return. What covers their risk? How are they protected in your transaction? The bank guarantee becomes and ultimately is worthless. Garrison Securities and its CEO Dan Terry use this loophole to make the case that you as the client have not performed and based on this fact, they do not have to return your upfront fee due to their non performance. They are fully aware that it is impossible for you to obtain a credit facility or ever complete a transaction with them since banks will not accept a bank guarantee that requires a counter guarantee. Also, by them only emphasizing this in the final stages of your transaction, client is only made aware of this fact when it is too late and after they received your upfront fee.

Another fraudulent tactic used by Garrison is the fact that they cannot and will not confirm a collateral provider or collateral. Client is told to seek a credit facility from a bank based on receiving a bank guarantee from a top rated bank facilitated by Garrison. In addition, Garrison has approved the client and informed the client that they have been approved by their collateral provider and to pay an upfront fee for the arrangement. However, the client will never receive confirmation of a bank guarantee, collateral provider, or collateral. Once again, Garrison will use this as a scam tactic in order to block the client from performing and providing them with a credit facility. Garrison and its CEO Dan Terry will then use this as a tactic to claim the client has not performed in order to keep the client's upfront fee payment. They will then use their lawyers to ask for arbitration if you continue to demand your money back. In arbitration they will indicate that you have not performed because you were unable to guarantee the return of the bank guarantee or to obtain a credit facility.

In summation, there systematic scam is in creating a gray area by misdirection and misinformation by designing contracts that mislead one understands of a client's exit strategy. They are requiring a counter guarantee for the return of the bank guarantee. In securing a credit facility they will require the client to do so but without any confirmation of a bank guarantee, collateral provider, or collateral. Please contact me via email I can provide with specific requested procedures needed to receive your money back from Garrison Securities.