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Report: #317550

Complaint Review: Alton Minton ,CEO Of Lakeside Insurance And Financial - Hendersonville Tennessee

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  • Reported By: Nashville Tennessee
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  • Alton Minton ,CEO Of Lakeside Insurance And Financial 116 Hillcrest Dr. Hendersonville, Tennessee U.S.A.

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First of all, me and 3 of my co-workers were SCAMMED twice. Here is how it started. We needed insurance for business and for our customers and met a wolf in a sheep's clothing... named Alton Minton.

He came to our job to give us a quote and invited us to lunch to discuss it. He gave us a quote and told us how his company "Lakeside Insurance and Financial, Inc." was about to get its own ticker symbol and "go public" on the stock market.

He said investors had been buying shares of the company for 2 years and that once it went public, they would be rich. Alton told us that in 120 days, his company would be trading on the stock market for $3.00 per share. He said we would TRIPLE our money in 120 days! He was much more interested in us buying shares of stock than selling us insurance. That should've been the first red flag.

Weeks later, after many meetings, professional charts/brochures and fancy lunches with Alton Minton, me and 3 of my co-workers decided to invest $15,000 each. He said we were now on his "advisory board" and the stock would open at $3.00 per share. They opened alright- at 1/3 of 1 cent per share! Our $15,000 each just turned into a measly $45! The ticker symbol is FEDP. Not a new symbol but one from some other company called Federated Purchasers, Inc from 10 years ago.

Right after the company went public, he closed down all 6 offices of Lakeside Insurance and Financial Inc, left no forwarding address, and changed his cell phone number. And a year later- the stock is sill at .003 or 1/3 of 1 cent.

And what makes it worse is that we also gave him $16250 to invest in Nascar simulators he bought from the ones that used to be in Opry Mills Mall in Nasville, TN. Alton told us they would be set up within 21 days from March 14th 2007. (This was before the stock scam was complete or we obviously wouldn't have done this).

Alton said the simulators would be set up in 21 days (5 in Murfreesboro, TN and 5 in Hendersonville, TN. We would invest in cars and would be paid half of the profits from the cars and half from the profits of the concession stands. The price would be $7 per ride. He had detailed business plans and calculations and said we would make about $3000 per month as our part of the profit.

A year later, we still have not even seen these simulators. Alton keeps changing his phone number and we cant track him down. Also look up and article called "shares of sorrow" on the internet at www.nashvillepost.com. Alton minton was reported to sell shares of jet airplanes he didnt even own to famous celebrities.

I don't know how many people he has scammed in his life... but if you ever hear his name- run. I hope this report will stop someone from getting scammed in the future. He is a wolf in a sheep's clothing for sure.

The main company address was at 3588 North Mt. Juliet Rd.
Mt. Juliet Tennessee, 37122

Joe
Nashville, Tennessee
U.S.A.

This report was posted on Ripoff Report on 03/13/2008 09:41 AM and is a permanent record located here: https://www.ripoffreport.com/reports/alton-minton-ceo-of-lakeside-insurance-and-financial/hendersonville-tennessee-37075/alton-minton-ceo-of-lakeside-insurance-and-financial-professional-con-artist-scammed-me-317550. 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. READ: Foreign websites steal our content

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REBUTTALS & REPLIES:
0Author
9Consumer
0Employee/Owner

#9 Consumer Comment

Still working the network group angle!

AUTHOR: KLT - (United States of America)

POSTED: Tuesday, November 16, 2010

He is involved in what are supposed to be network groups in Murfreesboro, Franklin, Smyrna, and Hendersonville, and these are just the ones that I know about.  As mentioned above, he's supposedly setting up a web site and there are supposed to be representatives calling on local businesses to bring the group leads for $200.00/member a month. Also, he is selling a "license" for the group for upwards of $30,000 (asking for $5,000 - $10,000 down).  It sounded like some kind of pyramid scheme to me, and after attending a few meetings with no results and no evidence of any website or leads, I stopped participating.  Only after the fact did I learn who "Al" was - he never had any cards with him, and I was always unsure exactly what his last name was. Be aware!  Does anyone know how the lawsuit involving the yacht shares turned out?

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#8 Consumer Comment

He's still at it

AUTHOR: anonymous - (United States of America)

POSTED: Monday, February 22, 2010

He is trying to get into a network group now.  He's offering to set up a web site and bring us leads for $200.00 a month.  Also, if we give him our email contact list he will gladly act as our own personal newsletter creator and marketer.

He is still in Hendersonville and is working under the guise of a pest control company.  He personally told me that he is working for Duncan Pest Control.

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#7 General Comment

wow immature

AUTHOR: ispit - (United States of America)

POSTED: Thursday, January 14, 2010

yeah first off you dont know what you are talking about you really really stupid your just mad cause kim is better than you and you have no self-esteam so get a life quite Amed cause i know you still work there cause you sliped up when tom said somthing way to be slick anyway get on with your life you are not qualified to work there go work at Mc donalds thanks. 

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#6 Consumer Comment

Alton Minton

AUTHOR: loueler - (USA)

POSTED: Monday, January 11, 2010

Alton Minton also scammed 3 other ppl I know personally with HOT checks he continued to give them for work payment. The amount of lies he gave each of them continually was abundant. Alton would just as soon lie to you, as look at you. These 3 peoples loss was not near as much as some listed here, but obviously Alton's scams have no minimums or maximums.... 

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#5 General Comment

Did Minton have Associates in YachtOne and Lakeside Financial?

AUTHOR: Jim - (USA)

POSTED: Saturday, January 09, 2010

I see yesterday that Minton has been indicted for his scams regarding his false investment scam into YachtOne. 

I have questions for anyone else that has been scammed.  Did you ever meet any of his associates outside of the NASCAR scam?  Have you heard of his jet business and yacht businesses?  We have a friend who was lead to believe they owned part of a yacht but they did not work with Minton, they worked with someone else. 

The news story yesterday in the Nashville City Paper states there is a person A and person B of interest.  I am wondering if my friend was taken by one of Minton's associates, possibly person A or B.  Does anyone know the partners in either YachtOne or Lakeside Financial and Insurance? 

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#4 Author of original report

Alton Minton Nascar Simulator Issue has been Fully Resolved

AUTHOR: John - (U.S.A.)

POSTED: Wednesday, July 02, 2008

Alton Minton has paid me back COMPLETELY for my investment in the Nascar Simulators. This issue has been completely resolved. Although neither one of us made any money off the deal, Alton finally had the financial ability to do the right thing and gave me and my co-workers our ENTIRE initial investment back.

Apparently, someone stole $40,000 from Alton Minton and Lakeside Insurance and Financial last year during 2007. This is what put him and his company in a bind. When I first heard this, I didn't believe it either. I thought this was just a stall tactic for not paying me my money. But Alton showed me all the documents, emails, and evidence to prove it.

Also, I got to see, if nothing else; that the simulators do actually exist. They are in the back of some semi trucks in a storage lot in lavergne, TN. I can't say for sure who owns what percentage of them or what their future will be, but I did get to see that they are real. Whatever Alton decides to do with them now, is fine with me.

At the time, I was paranoid, emotional, and felt as if I was being scammed. The "victim mentality" kind of took me over and may have clouded my perception. While anything is possible, I now feel that it was most likely caused by bad luck, bad timing, and forces beyond our control. In any case, Alton Minton choose to do the right thing- that is by keeping his word, and paying me off. He made the ethical choice, even-though he had not profited himself from the Nascar Simulators.

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#3 Author of original report

Alton Minton Ceo of Lakeside Insurance and Financial Paying Me Back *Update*

AUTHOR: John - (U.S.A.)

POSTED: Saturday, April 26, 2008

Alton Minton has paid me back $700 towards the Nascar Simulators as of April 25th, 2008. He says he will pay me back completely by the end of May 2008. I hope so. We'll See

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#2 Consumer Comment

Another victum

AUTHOR: Danny - (U.S.A.)

POSTED: Monday, April 14, 2008

Alton S.Minton used a like scam to intice me to accept 250,000 shares of FEDP stock of what he said would turn into Lakeside insurance stock.He wrote me 2 bad checks promising payment of $50,000 by contract he was to return with interest.Never happened.All lies!This is to the other victum named John..

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#1 Consumer Comment

Join the Club

AUTHOR: Anonymous - (U.S.A.)

POSTED: Tuesday, April 08, 2008

To Joe in Nashville,

I am sorry to hear of your loss, however I am not surprised. Lakeside Insurance and Financial happens to be one of Alton Minton's latest scams. I know of at least 11 more of his companies/scams; non of which survive today. His methods are the same so much so, you could simply change the names of the companies and "investors"/"marks" in your letter with only slight variations. I have had a judgment against him since 2006 along with many others. At last count he has over $760,000.00 of judgments against him with more pending. These judgments are as old as mid 2005. These only represent people that have the paperwork, means, and fortitude to sue him. I know of others that have none of the above as they trusted Alton Minton implicitly, turning over hundreds of thousands of dollars to him to "invest". I doubt I can help you recover your money, but I may be able to save you addtional time and money. If you would like to discuss this with me send contact information to n272129@yahoo.com. You said it right when you discribed him as a "wolf in sheeps clothing".

One of the Sheared!

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