• Report: #1109686

Complaint Review: Nino Scalamandre

  • Submitted: Tue, December 24, 2013
  • Updated: Sun, February 16, 2014

  • Reported By: xabdeg — Alabama
Nino Scalamandre
18 Colts Neck Dr Newtown, Pennsylvania USA

Nino Scalamandre Diane A. Vandeweghe, Shana Zaman, Franco Scalamandre, Christopher Brown Alleging Investigation Reveals Numerous Lawsuits Alleging Extortion, Racketeering in Organized Crime Act, Upfront Fee Scam, Fraud, Litigation, Failure to Fund, Fraudulent Inducement and Conspiracy, Unfair Trade Practices, Dishonest Business Practices, Alleged Investigation by Federal FTC for Unethical/Unscrupulous Activities. Newtown Pennsylvania

*UPDATE EX-employee responds: Smells like....Alvin Donovan!

*Consumer Comment: The Veracity of Alvin Donovan

*Consumer Comment: Alvin Donovan, Scam Artist and Fraud

*REBUTTAL Individual responds: Alvin Donovan

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Diane A. Vandeweghe, Shana Zaman, Nino Scalamandre, Global Corporate Finance LLC, Headquarters Capital Management LLC, Franco Scalamandre, Christopher Brown, Global Emerging Markets (“GEM”),

- Investigation Reveals Numerous Lawsuits Alleging Extortion, Racketeering in Organized Crime Act, Upfront Fee Scam, Fraud, Litigation, Failure to Fund, Fraudulent Inducement and Conspiracy, Unfair Trade Practices, Dishonest Business Practices, Alleged Investigation by Federal FTC for Unethical/Unscrupulous Activities.

Allegations: A friend of mine related she was an agent working on a transaction she was looking to fund and she was allegedly contacted by this Nino Sclamanadre person. He claimed to be the head of a 5 Billion dolar private investment firm.

"Global Corporate Financial (GCF) is a private investment firm operating as a consortium of funds and associated with collectively over $5 billion in committed investment capital."

An investigation into Global Corporate Finance LLC reveals they have done NO transactions and have no real funds under management. But by the time I tried to help her it was too late.

They had allegedly played some kind of shell game with her clients and basically took them away from her but also took her clients for a ride.

They also had to pay an upfront fee in $15,000 cash for "legal work".... yea right :-)

They also do not provide any real investments into companies. Evidently what they allegedly do is take a company shares, dump them in the market and take that cash and give it to the company. It seems they claim they need the shares to prevent delivery falure but in fact they just sell the shares before they give the cash. Text book case of a "death spiral" funder.

If you look at the linkedin bios of their team they claim to be a "$3.4 billion alternative investment group that manages
a diverse set of investment vehicles focused on emerging markets across the world." They also claim to have done hundreds of transactions.

However they never show any financials and they do not actually have any funds under management Global Corporate Finance also claim to be a 3.4 billion group yet they show no transactions whatsoever. They also do not show any previous transactions.

Who is this Nino Scalamandre the head of this 3.4 or 5 billion, depending on which bio you read?

I am not sure but Franco Scalamandre is allegedly his brother and a disbarred lawyer.

Google "Franco Gino Scalamandre - california bar" see he was forced to resign with charge pending

so Franco Scalamandre is a disbarred lawyer who resigned with charges pending? Now lets dig a little deeper into his company background and get our friend google to help us out. Turns out Franco Scalamandre is the managing director of yet another supposed 5 billion dollar private equity firm Global Emerging Markets North America, Inc GEM

if you google "Court Enforces Engagement Letter That Had Never Been Signed" it makes interesting reading about his employer Global Emerging Markets North America, Inc. ("GEM"), I can only guess that this is the global consortium Nino Scalamandre claims to head up. If this is the case then it is easy to see why he does not publish any of his transactions.if you google "Wang Ruiyun GEM global yield fund limited" This GEM firm Nino Scalamandre heads is allegedly charged with "market rigging" and that target of a company that sought damages of 147,000,000 now  google "Case 3:07-cv-01562-L Document 45 Filed 12/06/07" Yet another firm has brough a lawsuit for breach of contract, breach of fiduciary duty, breach of duty of good faith and fair dealing, fraudulent inducement, declaratory judgment, and conspiracy.

google "RA Global Services Inc et al v. Apps et al" google "Magic art of turning Tk 43 into Tk 1,200"

GEM Global bought a huge chunk of shares at a price of Tk 375. But, within a month and a half, the foreign firm dumped all its shares at a price of Tk 909 each on the bourses, pocketing an astronomical amount of profit.

It repatriated more than $2 million from Bangladesh within a month and a half investing only $500,000, SEC told the Court.

"It is not investment, it is just speculative trading."

"GEM-Investment-PT.-Agis-Tbk.-Threatened-Court"

you will see they invloved in yet another lawsuit.

if you google "Victor Muller’s games continue: Are the new Saab shares ending up in Russian hands?"

"GEM acts only as intermediary and who is actually buying is a mystery."

if you google "gem global yield fund The UK Trader's Bible: The Complete Guide to Trading the UK Stock Market"

"GEM borrows shares from shareholders to short the stock"

 google "Ridgeline announces $ 140 million dollar lawsuit against Global Emerging Markets, NA Inc."

Ridgeline will pursue civil charges including Fraud, Tortious Interference, and additional claims under the Racketeering in Organized Crime Act, which qualifies for treble damages. Ridgeline will also show  that GEM attempted to extort cash payments from Ridgeline, and its current CEO, Danzik under threats of GEM releasing negative news on Ridgeline via wire services in the U.S. and Canada.


GEM has made claims to have an investment fund worth over a billion dollars.
However they never produce financial statements.

Further progress of the legal action by Ridgeline will also show GEM was involved in an attempt to setup a
fraudulent investment in CWT, where GEM would purport to invest a total of US$ 4,000,000, but in fact was
arranging a fraud, where the investment would be returned to GEM within few days, without the knowledge of
the true owner and seller of CWT, which was CWT Enterprises Canada, Inc.


Who else has had a bad experience with these guys? I did notice that they announced several deals with usa listed companies who never filed a registration statement which makes me wonder if they are using a shareholder loan structure to bypass SEC scrutiny?

Can you ring some of the companies they list on their GEM website and ask them their experience with them?

Diane A. Vandeweghe, Shana Zaman, Nino Scalamandre, Global Corporate Finance LLC,  Headquarters Capital Management LLC, Franco Scalamandre, Christopher Brown, Global Emerging Markets (“GEM”), - Investigation Reveals numerous Lawsuits Alleging Extortion, Racketeering in Organized Crime Act, Upfront Fee Scam, Fraud, Litigation,
Failure to fund, Fraudulent inducement and Conspiracy, Unfair Trade Practices, Dishonest Business Practices, Alleged
Investigation by Federal FTC for Unethical/Unscrupulous Activities.


This report was posted on Ripoff Report on 12/24/2013 01:16 PM and is a permanent record located here: http://www.ripoffreport.com/r/Nino-Scalamandre/Newtown-Pennsylvania-18940/Nino-Scalamandre-Diane-A-Vandeweghe-Shana-Zaman-Franco-Scalamandre-Christopher-Brown-1109686. 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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Updates & Rebuttals

#1 UPDATE EX-employee responds

Smells like....Alvin Donovan!

AUTHOR: Investment Banker - ()

I think it is very interesting that you have cut and pasted the various activities you have been accused of and attribute them to other people, Mr Donovan. After a cursery fact check, I found that none of your allegations are true. However, after checking these allegations against YOU, Alvin Donovan, I found that they are indeed true and that there are outstanding warrants that have been issued in your name. Besides various charges of fraud, you can now add slander to your criminal file.

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#2 Consumer Comment

The Veracity of Alvin Donovan

AUTHOR: Stephen Lowe - ()

Equity Partners Fund appears to be a scam. It is headed by Alvin Donovan, who claims on his Linkedin profile to be “a founder of the hedge fund industry”, best-selling author, fluent in seven languages (including “Australian”) and a lethal martial arts practitioner. He also has his own blog, though on examination every entry is a cut and paste from elsewhere and appears designed to place top on any Google search for his name. His effort to manipulate Google results makes sense once you find some of the press articles about him.

The most colourful is an investigative article in the Sydney Morning Herald, published weeks before IFCA’s circular. Despite Donovan’s claims to have raised over $1,5bn for new ventures all over the world, the SMH could not find a single successful capital raising.

(((link redacted)))

 

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#3 Consumer Comment

Alvin Donovan, Scam Artist and Fraud

AUTHOR: GSmith - ()

It looks like Alvin Donovan is at it again, posting ficticious articles under assumed names and trying to shift focus and blame away from himself. He is currently being sought by both US and Australian authorities for a variety of felonious activities.

It's ironic that he mentions GEM, it looks like a relationship that has soured:

www.computerworld.com.au/article/326188/digslide_realise_full_potential_huge_capital_injection/

 

Donovan........THE TRUTH SHALL SET YOU FREE

Turn yourself in.

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#4 REBUTTAL Individual responds

Alvin Donovan

AUTHOR: Oh My Gosh - ()

Fraudster conman Alvin Donovan up to his old tricks again....

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