• Report: #1125959

Complaint Review: Venulum Inc.

  • Submitted: Sun, February 23, 2014
  • Updated: Sun, February 23, 2014

  • Reported By: SDM — Philadelphia Pennsylvania
Venulum Inc.
77 King Street West, P.O. Box 83,Royal Trust Tower Toronto, Ontario Canada

Venulum Inc. Venulum WinesVenulum Ltd. Claim to sell wines as an investment vehicle, show paper profits and ultimately are scam artists Toronto Ontario

*Author of original report: Posting Update

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

This report was posted on Ripoff Report on 02/23/2014 08:18 PM and is a permanent record located here: http://www.ripoffreport.com/r/Venulum-Inc/Toronto-Ontario-M5K-1G8/Venulum-Inc-Venulum-WinesVenulum-Ltd-Claim-to-sell-wines-as-an-investment-vehicle-show-1125959. 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.

Click Here to read other Ripoff Reports on Venulum Inc.

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
1Author 0Consumer 0Employee/Owner
Updates & Rebuttals

#1 Author of original report

Posting Update

AUTHOR: SDM - ()

I, "SDM", made this posting with the unfounded accusations in an effort to gain an advantage in order to get out of my contractual obligations.  When Venulum learned of my statements on this website, it offered to deliver my fully paid wine as that is what the contracts require, but I refused to take delivery.  I hired a securities attorney who reviewed the Venulum Contract that I had signed and determined that it was a valid agreement and that Venulum had done nothing wrong.

As to SEC links in the posting, Venulum sent a letter to me in February 2012 disclosing the SEC resolution shortly after it was finalized.  What I did not write in the posting, but is apparent if you read the SEC documents, is that the SEC final orders do not contain any finding of misrepresentation or fraud by Venulum.  Likewise, the SEC imposed no penalty, fine, or required disgorgement, and did not seek to enjoin Venulum from making future sales of securities.  The order simply requires that Venulum make any future sales pursuant to an applicable securities exemption or by registering the securities.

I retract the statements on this website and apologize for their inaccuracy.

Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
X