• Report: #517995

Complaint Review: Frank Sanchez, Jim Bourassa, Darcey Martin, Investforclosures

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  • Submitted: Sat, October 31, 2009
  • Updated: Mon, November 02, 2009

  • Reported By: silent investor — Far Away Other United States of America
Frank Sanchez, Jim Bourassa, Darcey Martin, Investforclosures
704 N Rose Farm Rd Woodstock, Illinois United States of America

Frank Sanchez, Jim Bourassa, Darcey Martin, Investforclosures Francis X Sanchez, Jim Donald Bourassa, Darcey Martin, Investforclosures Ventures, Sands of Gold, ROI Mexico, investortainment, etc 8 Million Stolen from 50 innocent people under the guise of "investment." Woodstock, Illinois

*Author of original report: Darcey Martin: on second thought

*Author of original report: address clarification

*Author of original report: address clarification

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Frank Sanchez and Jim Bourassa started a property flipping business called Investforclosures Financial.  They solicited and accepted investor funds, but never made much, if any money.  They paid out fake profits to investors from their own and other investors principal while representing the business as successful.  After numerous name, address, lies, and entity changes and cycling accomplices in and out of their offices, they were finally found out.  

Jim Bourassa bought himself a house and at least 2 car with investor funds, then recently declared bankruptcy and listed the investors in his bankruptcy.  His house was placed in his wifes name; this strongly resembles an amateur trick to avoid having the home seized and sold to pay back the investors he stole from.  Jim Bourassa is an amateur physicist who operates the Quantum AetherDynamics Institute, (www.16pi2.com, Bourassa in in the blue shirt in the right in the photo on the top), where, of course, he accepts donations. 

At some point Frank Sanchez and Jim Bourassa brought in Darcey Martin, who runs D2D Cashflow Solutions at www.d2dsolutions.com, and a blog at debt2dreams.wordpress.com.  We don't know how many investors she put into the scam yet, but she was heavily involved with encouraging investors not to attempt to withdraw their funds and was on the "board of directors" of ROI Mexico.  She represented the company as legitimate while doing quite a bit of accounting work for Frank and Jim - 1 look at their books and she should have known better.

Frank Sanchez was the founder and top dog in this scam.  He used investor funds without investor knowledge or permission to fund an expensive wedding that resulted in divorce a few months later.  There is reason to believe that he still has a few million stashed over seas.

The State of Illinois has taken action against Frank and Jim:
http://www.thurstonlawpc.com/blog/isdorder.pdf

Our attorney has advised us to drop the case, as a more effective method of recovering our funds and protecting others from these persons has become apparent. Below are some online publications he has put on the web concerning this fraud.

http://investforclosuresroiscam.com/
http://thurstonlawpc.wordpress.com/2009/03/10/press-release-thurston-law-office-represents-plaintiffs-in-ponzi-scheme-class-action/

Some of us investors are involved with: http://www.ifcfraudvictims.com/

I recommend you have nothing to do with these individuals, they have caused us great harm.




This report was posted on Ripoff Report on 10/31/2009 09:59 PM and is a permanent record located here: http://www.ripoffreport.com/r/Frank-Sanchez-Jim-Bourassa-Darcey-Martin-Investforclosures/Woodstock-Illinois-60098/Frank-Sanchez-Jim-Bourassa-Darcey-Martin-Investforclosures-Francis-X-Sanchez-Jim-Donal-517995. 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.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

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REBUTTALS & REPLIES:
3Author 0Consumer 0Employee/Owner
Updates & Rebuttals

#1 Author of original report

Darcey Martin: on second thought

AUTHOR: IFC Investor - (Canada)

Us investors etc. involved with this site may have been too hard on Darcey Martin.  Our attorney claimed to have obtained enough emails & other evidence via subpoena to establish proof that she was heavily involved with perpetrating the fraud (before she was able to tell her side of the story in court), but, in setting up this site, we basically took his word for it.

Darcey Martin did begin as an investor, and did lose some money with the rest of us. Not sure how she got so involved with management, hopefully she got involved to make a genuine effort to save the business and get the investors their money back.

We hope she did no wrong, but she sure got mixed up with bad company and that creates suspicion.  It is sad how a crime like this spreads harm to so many different people.

Darcey, if you were not involved with the fraud, we apologize, and thank you for your efforts to make the investment work.  We are very sorry so many innocent people were hurt in this scam, and wish to add this update to prevent unnecessary harm to yourself beyond the loss of your invested funds and the cost of defending yourself in court.  We don't want to run the risk of harming an innocent person.

We set up this post to protect innocent people from future harm by the entities & persons listed in this post.  It is important to note that Darcey Martin may be one of those innocent persons.


 
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#2 Author of original report

address clarification

AUTHOR: IFC investor - (USA)

Current address listed for Investforlosures may not be correct, as they change addresses frequently, and are likely no longer operating.

The civil case has been dropped; our attorney advised us that we would have a better chance of recovering our funds and protecting other innocent people from the individuals named in this post by pursuing an alternate strategy, which is now in progress.


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#3 Author of original report

address clarification

AUTHOR: IFC investor - (USA)

Current address listed for Investforlosures may not be correct, as they change addressed frequently.  


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