- Report: #880928
Report - Rebuttal - Arbitrate
Complaint Review: Ry Holland Fielder, Ron Walblay
Ry Holland Fielder, Ron Walblay3000 30th Place suite 200 Fort Lauderdale, Florida United States of America
Ryholland Fielder Ron Walblay Con Artist, Fraud, Criminal, Wife Beater, Embezzler Fort Lauderdale, Florida
*General Comment: SEC Final Judgment
*Consumer Comment: SEC Filed enforcement Action 9/26/13
*Consumer Comment: Where did the stolen oil proceeds go?
*Consumer Comment: Lets cut right to the chase
*Consumer Comment: you wonder why the anonymity, because I suspect you'll use bogus lawsuits as a weapon
*Author of original report: What are the actual returns for the last five completed Ryholland programs?
*REBUTTAL Owner of company: The truth always comes out the same way...
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Save yourself the heartache of being ripped off and losing your savings. Ron Walblay is a FRAUD in my opinion. Ryholland Fielder is a FRAUD in my opinion. Ryholland Fielder's past investment programs are ALL complete failures and investors lost nearly everything. The company has NEVER EVER not lost nearly everything entrusted to them for an investment program. Ryholland programs are the worst investments imaginable. You are better off simply burning your cash - at least then you would get some heat.
Almost every investor I've met that became involved with this man shares the same feelings that his company is a complete scam. His ex-wife claims in newspaper publications to have been the victim of domestic violence. There are claims from his ex business partner of embezzlement of funds from their company they jointly owned. He has been HIDING from his investors for over a year and will not take telephone calls or e-mails and will not respond to messages. None of the investors have any idea what the status of their investments are or where their money went. The company has no employees except possibly one secretary and Ron will turn on her too eventually I beleive just like he has on everyone else. Ron pretends to be a very significant investor in every program to convince investors to trust the success of the investments - its not true - he is not invested much at all and possibly not at all and the investments are all FAILURES. Even if some day he gets lucky and really hits oil with a well, he has no employees to manage it and it will likely be mismanaged by out of state contractors. That too is a lie - he pretends to be this big time successful oil and gas producer with several fully staffed departments like revenue distribution, roughnecks, land crews etc ...
Don't beleive the YOU Tube video "Striking Oil" although that well in the video produced some oil and that was the biggest success Ryholland has ever had, it was actually a huge failure. That well has been abandoned for many months now and did not produce for very long at all. Investors received very little of their investment funds back on that one and will never break even. However, the real problem with that well is Ron pissed away roughly $4,000,000 of investor funds drilling one dry hole after another trying to offset it even though the geologist claims to have urged him to slow down and be more cautious with investor funds. I think he actually drilled something like 9 dry holes trying to offset this one well trying to find oil that was not there - all with investor money and not his own. He is setting up his employees to take the fall for him by claiming they embezzeled all of the money from his bank accounts and the investment partnership accounts. He is always setting someone up to take the fall for him.
There is a story about a phony car bomb plot in the local Bowling Green paper that seemed to implicate someone in his own home conveniently around the time he was getting a divorce - it reads like one of his now famous setup attmepts. Ron claims investors will only pay to complete drilled wells that will be viable oil producers. Ron even refers to drilling funds as "risk capital" and indicated well completion funds are not. It's not true - his company made a huge profit on the completion funds and he completed nearly all the wells and nearly all turned out to be failures "dry holes" Finally - when asked to produce the investment records including receipts and bank statements and records for where investor money was spent for the investment partnerships, Ron refused. There is obviously something in those records he is trying to hide. Then in another one of his famous setup attempts he filed a multi million dollar lawsuit against some of his former employees claiming they embezzeled from him and from the investors.
This report was posted on Ripoff Report on 05/10/2012 01:45 PM and is a permanent record located here: http://www.ripoffreport.com/r/Ry-Holland-Fielder-Ron-Walblay/Fort-Lauderdale-Florida-33306/Ryholland-Fielder-Ron-Walblay-Con-Artist-Fraud-Criminal-Wife-Beater-Embezzler-Fort-Lau-880928. 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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