Leiva Strings Italo Leiva Wrote Felony Amount of Checks, CEO Arrested for Felony Drug Charges At OFFICE Raleigh, North Carolina

I am writing this report with hopes that I can warn people that are approached by Leiva Strings. I made a Stock Option agreement with the CEO of the company Italo Leiva. The stock option was very simple, I was to gain no interest on the loan, and it was to be paid off within a year. Also as long as there is a balance on this loan I can convert any amount of it, at any given time to stock.

A year goes by, and not one single payment for any amount was put forward. Meanwhile he kept leading me to believe that I would be paid in full bye one payment before the date stated in our agreement. But yet during this year the CEO was charged with multiple felony drug charges in that year, and also Was accused of misuse of company funds by stockholders. The drug charges were dropped due to his cooperation with authorities, and given that he dose not have a a squeaky clean record, this cooperation probably consisted of him telling on people that he gets/sells his drugs to.

Sometime after the date on our agreement had past and I hadn't received a payment I was very upset, and disconcernd, that neither the CEO of this company or the company has combined doesn't have more than $5,000 combined, but yet this company has sold over $100,000 in stock.

We had another agreement drafted that simply had dates that he agreed to have funds to me by certain dates, over the span of a year. No payments were made once again.

I then began to tell him that this is his last and final chance to make things right with me, we made an agreement that consisted of a structured payment plan, and if was not payed off by its due date, I was entitled to a late fee, on top of any money that was owed to me. I received a total of four payments, which don't even total a 1/3 of what I'm owed.

During this time I also requested that he converts a small amount of the balance to stock, which I was denied, and had to explained to me that it would cost to much to convert some of my debt to stock. I've had over $2500 dollars in bad checks written to me by the CEO, which have yet to be resolved. Which is a felony amount in the state of North Carolina, which he will soon be charged with.

So if your approached by the company and asked to invest, ask yourself these questions.

1) Are you comfortable investing with a company that's CEO's office was raided and drugs were found.

2) Are you comfortable investing with a company that's CEO can't balance a check book?

3) Are you comfortable investing with a company that had there CEO accused of misuse of company funds by investors?