ED Magedson – Founder
Vast Mountain Development, JVA, John Owen, Don Brown, Misti Mathis, John Somma, Rog Carrington, Yohann Anderson3839 BRIARGROVE LN 6305 Dallas, Texas United States of America
Vast Mountain Development, JVA, John Owen, Don Brown, Misti Mathis, John Somma, Rog Carrington, Yohann Anderson John D Owen Gold Mining Boiler Room / Ponzi Scheme - CA, WA, DE, TX, AZ, NV Dallas, Texas
Editor’s Comment: Ripoff Report believes in transparency and the more information the better. In this instance there has been court action regarding this subject Report. We believe it important to note that not all Court Orders are alike. Many court orders are absolutely legitimate. However, sometimes courts enter orders based upon default which typically means that the defendant didn’t show up. Sometimes a defendant won’t show up because they didn’t even get notice of the case proceedings in the first place and other times defendants may not show up because they don’t necessarily have the knowledge and/or the financial resources to fight. [continued below]....
Creating companies to hide monies and screw investors out of even more money by selling useless "working" interest in non-existant/foreclosed "gold" mines located in Arizona. I highly recommend any individuals who invested in USAR, IER et. al. contact your State Attorney General's office, FBI and the SEC. These criminals have stolen more than $30 million from 600+ investors over the past decade and continue their boiler room/ponzi schemes. For more information go to the following website.
This website was developed for public awareness for investing in fraudulent companies, LLCs and/or ventures; such as, IER, USAR and their numerous LLCs/ventures. The articles referenced on this website are on public record. Supposedly, over six hundred individuals (many non-accredited) invested over $30 million dollars into IER/USAR and its ventures over the past 9 years. To our knowledge, Minimal to no revenue was generated since inception No one has received any returns on their investment. No financials were disclosed to investors All capital money that has been raised is now depleted JVA conference calls continue to be cheerleaders who lure investors to maintain existence and pay for lawsuits Communications to investors from USAR et. al, is minimal to non-existent Contracts/Promissory Notes are in default Promises and due dates have been continually missed Misinformation was issued regarding mines operations and ownership Omission of material facts financials, lawsuits, viability of business plans USAR and its ventures are not in compliance with State(s) requirements General Partners of LLCs are no longer in existence due to non-compliance with regulatory commissions SEC Violations Numerous lawsuits are still pending totaling in excess of $4 million in damages Investment capital raised by non licensed representatives Investments sold to non-accredited investors(non-compliance with Regulation D)
This report was posted on Ripoff Report on 10/28/2010 11:03 AM and is a permanent record located here: http://www.ripoffreport.com/reports/vast-mountain-development-jva-john-owen-don-brown-misti-mathis-john-somma-rog-carrington-yohann-anderson/dallas-texas-75287/vast-mountain-development-jva-john-owen-don-brown-misti-mathis-john-somma-rog-carrin-656186. 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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