ED Magedson – Founder
Dave Davies3030 Old Ranch Pkwy #190 Seal Beach, California USA
Dave Davies Kelly's of Naples, Kelly's Steakhouse of Las Vegas, Silveroaks Investments, Silveroaks Asset Managem Dave Davies is like Bernie Maddoff on a smaller scale. A complete con man. Seal Beach California
Davies uses real estate and business deals to lure investors into believing the deal can't lose by over inflated projected returns. Then, once he gets the money in the door he moves it to one if his loser companies. So, an investment that originally had a good chance of making money, is stripped of all capital and collapses. Davies does not comply with Federal and state investment disclosure requirements, he fails to pay employees and vendors and when he issues checks, they bounce.
His kids go to private school, he lives in a gated community, he drives an S550 Benz, his wife drives a $60,000 SUV, he drinks wine like its water, he flys first class like a big shot and his "investors pay the price".
I encourage the press or a prosecutor to look closely at this guy. He is a con man through and through.
This report was posted on Ripoff Report on 07/17/2013 07:45 PM and is a permanent record located here: http://www.ripoffreport.com/r/Dave-Davies/Seal-Beach-California-90740/Dave-Davies-Kellys-of-Naples-Kellys-Steakhouse-of-Las-Vegas-Silveroaks-Investments-S-1067924. 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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