- Report: #865625
Report - Rebuttal - Arbitrate
Complaint Review: Alvin Donovan, Equity Partners Fund SPC
Alvin Donovan, Equity Partners Fund SPCLevel 31, 6 Battery Road, Raffles Place Singapore Internet United States of America
Alvin Donovan, Equity Partners Fund SPC Zigong Bank, Dr Alvin G. Donovan III, Alvin Donovan, Equity Partners Fund SPC, non-existant finacings finally exposed Singapore, Internet
*Consumer Comment: EPF Partners FRAUD/SCAM
*Author of original report: More phony rebuttals by Donovan - give it up please !
*Consumer Comment: google shows that at least one company DID get actual funding from this investor and many others also had very good things to say about the MD of the investor arrranged for other investors and acquis
*Author of original report: The above two rebuttals appear to be phony
*Consumer Comment: There are several reasons why this article is complete rubbish. I would like to add the results of my own investigation and research. I have contacted and spoken to a few people involved in this case
*Consumer Comment: I have read this tabloid journalist with great interest and it is an interesting alert about just some of the many of Luke BrackenBracken International Mining, Kim Cox AWTN and Jacques Blandin Firmw
Mr. Donovans motto is Lead, follow, or get out of the way
For over two years Mr Donovan has been spamming members on the finance related groups of Linked-in with press releases about the fund raising activities of his offshore fund, Equity Partners SPC, in addition to his joint venture with a Chinese bank.
Equity Partners Fund SPC, with offices in Singapore and the Cayman Islands, writes on its web site that it provides fast, efficient and inexpensive access to equity capital. We have commitments for funding on many exchanges including Frankfurt, Johannesburg and Sydney.
I was curious as to why a fund manager would choose to set up in the Cayman Islands, have no apparent source of capital, then proceed to announce huge deals. .. Upon close review of the related press releases, their content appears to be complete non-sense. To anyone who has had any kind of legitimate securities training, these supposed transactions look like a bad joke. The announcements typically refer to large amounts, however when you examine closer, there never appears to actually be any funds changing hands. This method of operation is typical to give cover for some advance-fee type of scam, as appears to be the case here.
For example, in February of 2011, Equity Partners Fund SPC announced that is was funding BioJet International Ltd. (of Barbados, Santa Barbara, Monterey, London, Zurich, Buenos Aires, etc) to the tune of $1.2 billion (www.biojetcorp.com) and they are going to use our funding to take over and/or JV with ebitda positive energy and alternative energy companies internationally. etc., etc There is no evidence that any actual cash ever changed hands in this supposedly funded deal, other than perhaps up-front fees.. In response to an inquiry, in January of 2012, the Companys Director of Corporate Development wrote me indicated that the Company was still at the pre-revenue stage and was currently looking to raise some money. If they were looking to raise money, then an obvious question is what became of the supposed $1.2 billion in funding from Equity Partners SPC ?????
I would like to commend the writer of the investigative
journalist report, published by the Cootamundra Herald: http://www.cootamundraherald.com.au/news/national/national/general/the-guru-who-surfs-the-web-to-make-a-fast-buck/2475950.aspx?storypage=4 The Guru who Surfs-The Web To Make A Fast Buck
Finally, this sociopathic fraud has been exposed.
There is a reason to be skeptical offshore brokers, deal makers and promotions involving grand schemes that are conducted solely via the Internet: the principals may not be registered anywhere and are probably skirting securities
laws that would apply "onshore".....
It looks like the sucker company involved in one of Mr Donovans non-existent deals, as mining company, actually decided to raise a stink.
On Linked-in, Mr Donovan has just recently changed his position description to Investigative journalist for a Singapore newspaper. It appears that the leopard is attempting to change its spots once again. Lead, follow or get out of the way, eh?
This report was posted on Ripoff Report on 04/08/2012 04:47 PM and is a permanent record located here: http://www.ripoffreport.com/r/Alvin-Donovan-Equity-Partners-Fund-SPC/internet/Alvin-Donovan-Equity-Partners-Fund-SPC-Zigong-Bank-Dr-Alvin-G-Donovan-III-Alvin-Donov-865625. 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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