Bradley T. Lancaster and Richard P. Underwood of 2800 Griffin Drive, Bowling Green Kentucky regarding a Private Placement offering called OTR MEDIA initially solicited me during the month of September of 2002. This was the very first time that I had any contact with either of these individuals. Since I wasn't an accredited investor I really wasn't looking to incur the risks associated with private placements.
I purchased 5000 shares at $1.00 per share after I was assured by both individuals that OTR Media would start paying dividends by January of 2003 and at the latest June of 2002 then again in January 2004; I would never have invested otherwise. Richard Underwood even claimed that that OTR Media would be a 600 million-dollar company within 3 years and claimed publicly traded on the NASDAQ by December of 2003.
To this day October 2004, I have yet to see one dime of the initial money that was invested and the company is still not publicly traded even after this was promised a year ago. Every time I call and ask about the company for the past 2 years for( Financial Statements etc. ) all I ever get are excuses and delays. Terrence McCaffrey even told me that OTR was now worth 3 dollars a share and Bradley T. Lancaster was telling other prospective clients that OTR was paying dividends! What lies.
I was told that the former President of OTR embezzeled much of the money ( 4.1 million ) raised for development of OTR Media.
What I have discovered is that Richard P. Underwood has been involved in the sale of Unregistered Oil and Gas limited partnerships with a con man named David Rose(Robo Enterprises and Sunclear Energy) since before the year 2000 both of which have went bankrupt with investors losing mulit-millions of dollars. In fact Richard P. Underwood has been named in a lawsuit by a former client of SunClear Energy.
Now in addition to OTR Media, his unlicensed unregistered sales force is now selling shares of Allied Energy Group. www.alliedenergy.com
RED ALERT !WARNING! Do not trust your hard earned money with these scammers.
Richard Underwood manages approximately 30 unregistered salesmen( Pitchmen / Con Men ) at the Bowling Green / Houston addresses who are using boiler room sales tactics to sell unregistered securities that have in my opinion, no promise of ever making a profit for anyone who invests, except for those salesmen and management who sell shares to suckers.
It is also my opinion that since these people have never made any kind of return for investors, other unsuspecting individuals in the future will lose millions more.
The Texas State Security Board has recently issued a Cease and Desist Order ( ENF-04-CDO-1562/1555) March 2004, against Allied Energy Group, Allied Syndications, Richard P. Underwood, Terrence McCaffrey, H. Ray Spagnuolo and Mark DeForest Beck of 510 Bering Drive Suite 300 Houston Texas 77057 and at 2800 Griffin Drive Bowling Green Kentucky 42101, for materially misleading conduct and likely to deceive the public.
In addition to the above Richard P. Underwood of All American Investors Group, was issued a Cease and Desist Order by the Kentucky Department of Financial Institutions on or about May 2003.
Victor, New York