ED Magedson – Founder
Steve Hadaway2207 Dana Ct South Lake Tahoe, Select State/Province USA
Steve Hadaway Business Scam, Investment Scam, Ponzi Scheme, Illegal Immigration South Lake Tahoe California
Steve Hadaway has a history of creating business scam opportunities for small investors. Please search this individual before initiating investment. Here is a link to the beginning of his record. http://www.allchile.net/chileforum/topic1529.html.
Allegedly he has been lying low (6-8) to weather the storm in Lima Peru. But has attempted conducting business in Chile as well. His most recent scam claims to bring recycled paper products from Lima Peru into the United States where he claims to be working government contract potential. He has a pretty solid story, but will want to avoid any type of paperwork or contract between himself and the investor. He also has a wife from Chile whom I'm assuming he met while trying to avoid prosecution for other investment scams or Ponzi schemes here in the US (South Lake Tahoe CA/Minden NV. In recent years he has tried to bring his wife illegally into the country, resulting in an arrest at the Mex/US boarder where she was detained for a short period of time (more than one month I believe). Since then the family lives in Lima with young daughter (10 – 12)? My assumption is that Steve is trying to capture investor dollars to fund the legal immigration of his wife and daughter. Steve may be working with a few others to create a legitimate cover story. He has a reputation in his hometown (people I've interviewed) suggesting that he has had problems throughout his life concerning investment scams, lying, cheating, and has had a difficult time adjusting to societal norms.
I do not know if Steve is dangerous beyond his inability to conduct legitimate business, but caution should be exercised.
I met Steve very similarly to the above story (link provided). Which is why I think he may be working with others; more to follow on that as I continue my research.
In the end, Steve took me for $10K with a promise to build a small importation business and modest returns. Since then, Steve has found it difficult to maintain communication or report progress as to his promise. He claims to be working with Rayes Paper in Lima Peru. This paper company no longer exists and I believe that Steve created the false website as part of his cover story.
He suggests that he has import contacts in Long Beach Ca and Oakland Ca. He claims to have conducted business with Hawaii Parks and Recreation and a Food & Product distribution company in Georgia.
In talking with his accountant. His accountant had nothing positive to say.
I am a small business investor who after meeting Steve and his broth Bobby Hadaway of RDH Construction (may be involved) an agreement was set up. Because of the trust I found between his brother Bobby and I and the introduction to his brother Steve and after many meeting to discuss the potential of the paper company, I believed they were honest men. Friends helping friends so to speak.
Do not make the same mistake.
This report was posted on Ripoff Report on 05/16/2013 05:53 AM and is a permanent record located here: http://www.ripoffreport.com/reports/steve-hadaway/south-lake-tahoe-select-stateprovince-96150/steve-hadaway-business-scam-investment-scam-ponzi-scheme-illegal-immigration-south-la-1051339. 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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