- Report: #586784
Report - Rebuttal - Arbitrate
Complaint Review: A Liquid Corporation
A Liquid Corporation115 E Reno Avenue 10, Las Vegas, Nevada United States of America
A Liquid Corporation Hawaii Water Do not invest with this company - it's a Ponzy Scheme. John Silva has defrauded many investors and cannot account for the money. Las Vegas, Nevada
*General Comment: The Truth
*UPDATE Employee: Defamation
*Consumer Comment: I am using "A Liquid Corporation" bottled water
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Do not INVEST in 'A Liquid Corporation.' It's a Ponzy Scheme!
'A Liquid Corporation' is a bottled water company that has been trying to get started for over 4 years and has defrauded millions of dollars from many investors.
John Silva, President - talks a big story about the Hawaiian Islands and the artesian water well that he has rights to on the island. He tells about the special license, documentations and relationships he has with the Hawaiian government. He shows pictures of to the wellhead, trucks, water bottling equipment and warehouse. He tells how the water can be shipped from Hawaii and then bottled in Las Vegas, NV.
The problem is that this 'big story' is all smoke and mirrors. John generally sells 1% stock in his company for $40,000. Some investors have over $250,000 - $500,000 as an investment in the company.
John has received close to $4 million dollars of investment money into the company over the years. [continued below]....
Yes - John Silva - is running a ponzy scheme to maintain his lifestyle. He is bringing new investors in on false promises. Then he uses the new money to pay off old investors (those who make the most noise) at a reduced rate and buy them out of the company. Dozen's of investors never receive any communication from John and will never see their money again.
If you are an attorney reading this - you've hit a gold mine. There is enough evidence and enough shares in the company to do a hostel takeover (if owners made that decision). John Silva does not have a leg to stand on. There are millions of investment dollars that are unaccounted for in A Liquid Corporation. John - is truly the Bernie Madoff of the bottle water industry... DO NOT INVEST!
This report was posted on Ripoff Report on 03/29/2010 09:50 AM and is a permanent record located here: http://www.ripoffreport.com/r/A-Liquid-Corporation/Las-Vegas-Nevada-89119/A-Liquid-Corporation-Hawaii-Water-Do-not-invest-with-this-company-its-a-Ponzy-Scheme-J-586784. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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