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Report: #278483

Complaint Review: Dr. Seymour Kerns Aka Sam King Of JVREA/Empower Capital/ Glongoo - Carlsbad California

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  • Dr. Seymour Kerns Aka Sam King Of JVREA/Empower Capital/ Glongoo 7040 Avenida Encinas #104 Carlsbad, CA 92011 Carlsbad, California U.S.A.
  • Phone: 760-494-0386
  • Web:
  • Category: Loans

Dr. Seymour Kerns Aka Sam King Of JVREA/Empower Capital/ Glongoo Very Deceptive and Fraudulant Also Did Not Live Up To The Hype of Their Company Website!!! Carlsbad California

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The following few emails between Dr. Kern aka Sam of "JVREA/Empower Capital/ Glongoo" and I are self explanatory. To This day 10/11/2007 have not been funded!!!

Also, personally aware of two other individuals who have wired $25,000 each and to this day have not been either refunded or capitalized on their loans/funds as descibed on by the named person/company.
Dear Lawrence:

I estimate that your total assets in the system are just under $50,000 in which case you qualify for a line of credit of up to $2,000,000.
As the group expands and you can bring in referrals of $25,000 or more that should increase by a lot more.

I hope this answers your questions as we can only give you an estimate at any time as the market is constantly changing.

Empower Capital, Inc.

At 01:05 PM 7/5/2006, you wrote:

Hello Dr. Kern,

As per our conversation in Carlsbad, please inform me of my appreciated equity as of Dec. 23, 2002. Hope you and Wendy are enjoying your travels and look forward to your reply and return.

Best Regards,

Dear Lawrence ( not Larry --- Is that correct. ?)

We are working on it.

I am in transit til Sun of this week. I think we can come up with something but I have to check with our
partners and legal dept. I am waiting for a reply form them.

We are moving as fast as we can under the circumstances as what you are requesting would not normally be acceptable to the Association. So I am trying to work out something that could work for all parties.
We may have to put it up for a vote of the entire Association to be objective about it. Would you mind that?
In any case we may not have a choice about that as the bylaws requires all disputes to be put before representatives of the Association for a binding decision. ie We are judged by our peers. That is the legal system in this country.

"Life is like a wedding because you can't put everyone at the head table."

Are we to assume that your brother Larry is out of the picture?

Empower Capital, Inc.

At 02:04 AM 8/16/2006, you wrote:

I'm being patient as can be. PLEASE do not disappoint me.

First of all, as previously emailed to you, I need an official letter stating my pre-approved line of credit in the amount of $2,000,000. This is for the purchase of a home as well as for a profitable medical clinic which would be able to fund both ventures.

Please respond ASAP!

Note: forwarded message attached.

OK Dr. Kern

Still awaiting a positive solution as you have written below.

All I'm asking is that you personally demonstrate to me the character and integrity of yourself with Empower Capital by upholding all its claims made on it's website as any reputable company/business would.

Nothing more---nothing less.

Thank You!

"Empower Capital, Inc." wrote:

Hi Lawrence

It is midnight here

I will get back to you tomorrow.

Hopefully we will come up with a solution that works for everyone.]



At 10:43 PM 8/13/2006, you wrote:

Dear Dr. Kern,

Once again, please be advised and reminded that although we (Larry, Lawrence, Leslie) came to personally meet you along with your wife, Wendy at the Four Seasons Hotel in Carlsbad, had never verbally or written anything to demonstrate to you/Empower Capital that we were combining our individual $25,000 and $5,000 for a combined $2,000,000 line of credit. As you are already aware, I, Lawrence initially deposited my $5,000 to your account on Dec. 23, 2002 (you already have a faxed copy of the check as requested) and thus far have been a loyal customer/associate with your JVREA/Empower Capital.

Yes, let us (Lawrence & Dr. Kern/Empower Capital) proceed with a more positive attitude by honoring each other's loyal commitment as I have already proved since Dec 23, 2002. All that I'm asking is that you fulfill your end of the business deal ie FAQ's #1-- #13. If not, you give me no alternative but to also follow Larry's course of action.

Again, please note from your previous email below that you make NO mention of Larry's $25K is being combined with my $5K for a $2M LOC! This is simply black and white, plain and simple!

I await your reply, hopefully an honorable one,


"Empower Capital, Inc."
Dear Lawrence and Larry:

In every instance you came to us as a family unit or partnership. We treated you in every instance as a family unit partnership with a max combined spending limit of $2,000,000 borrowed from the bank to be co-signed by Association members. If you Lawrence alone wish to claim the $2,000,000 as your own Spending limit you can do so by buying out your brother Larry for $25,000. That would solve his problem and yours.

Also, we never guarantee anyone that we can get them any spending limit let alone your $2,000,000 Spending Limit as a result of the cash collateral you have currently have in the system but we would do our utmost to find it.

We do, however, as an Association in all of our writings ensure that once the line of credit is issued by a bank or the like we as an Association would make the payments on your behalf in the event of a default in which case we would debit 1.39 times the shortage of each payment from your equity and/or your cash collateral reserves which is designated for that purpose. This is what makes the bank more comfortable in issuing a spending limit of this magnitude.

This is what is known as the Progressive Buyout plan which is in our contracts on-line and everywhere else.
So once your equity is depleted you are out of the picture with regards to any residual ownership or interests.

Also, please note that cash collateral is not refundable in any case but it is redeemable by sale to a third part which as we mentioned we are seeking find.

The $2,000,000 spending limit applies only if both you and Larry keep the cash collateral in the system.
By Larry's demand to pull out affects both you and him as it was considered to be a partnership which we viewed as a whole family unit which apparently is no longer the case. We have witnesses to all of this.
You have it on your video camera too.

Even if we did OK the $2,000,000 spending limit to you Lawrence alone, our reviewers tell us that you would be in liquidation almost immediately for failure to make the payments after all your cash collateral of $5,000 plus any gains would all be gone.

Yes, we can honor our commitment if both you and Larry were to stay in where Larry withdraws his unilateral request to get his $25,000 back which can only be liquidated by sale to a third party which we are in the middle of searching for as per his request. This action on the part of Larry to withdraw cancels your contract for the $2,000,000 should you persist in breaking up.

We have never changed our commitment to help find funding for the two of you as a unit.

It appears that the only change comes from your side, not ours.

Sorry about the name confusion as the name Larry is normally a nickname for Lawrence but that does not matter as we are treating either one of you as a member of a partnership which is apparently in a the state of dissolution by the action of its partners.

I am sure both you and Larry must have run into the same problem of similar names over the years, now manifesting itself again.

If you like we will do our best to liquidate you Lawrence as a unit together with your brother Larry.
In which case we will transfer the Spending Limit of $2,000,000 to the party buying both of you out as per the time value of money in our system where your $5,000 will be weighted as older money vs the newer money your brother Larry put in. I believe that you did deposit $5000 Lawrence some time ago. Please correct me if you can as I am not near the office to verify.

All you have to do is to decide once and for all if you and your brother are both still together in this deal or not.

In either case neither of you will lose the money that you put in plus any accrued profit when bought out by a third party.

So what is your decision? Are you both in together or not?
Please advise as the most valuable of all commodities is our precious time which we can no longer afford to waste in the courts and elsewhere.

I must say that just because you may get a line of credit does not make us responsible for your bad business decisions where you proceed to lose it all due lack of management skills on your part.

There is no guarantee that we can do this immediately but everything given enough time is possible in the long run according to our experience. The question remains, do you have the patience to hang in there no matter how long it may take?

So lets think more positively about setting things back on course as we had originally planned with both of you: This means that both you Lawrence and Larry get back together if at all possible in which case we would resume our best efforts to help locate the capital that is needed to do all the things you originally intended to do.

Let's think more constructively instead of destructively which ends up getting nowhere but upside down again.

Lawrence, I always thought of you as a positive go-getter with great beautiful dreams. Why did you stop?
Why not act like you are rich and perhaps you will be rich.

We are here to spend a lot of positive time with those that think creatively and positively to teach them all that it takes at no additional charge.

Would you like us to publish this letter in our weekly newsletter for 20,000 of our Associates to read and let them be the judge as a teaching aid and example of how things are to be handled in the event of a problem.

We are the first to admit that mistakes do and will happen and that we make them just like any of us alike. ie What makes you so perfect as to assume that you are correct. Are you willing to admit that this is not all our fault?

Alternatively, are you willing to get back on and stay on a far more positive and creative course?

If so, we as an Association look forward to that day and hope that this episode never repeats itself.

Lawrence, we really deep down want to see you succeed big time. It would mean a lot for everyone.

Well, what do you think?


SPKern, MD
President of Empower Capital, Inc.
and the owner of the Former JVREA, LLC in liquidation.

At 05:52 PM 8/13/2006, you wrote:

Dear Dr. Kern,

In plain and simple English, the following email correspondence between us on July 5, 2006 specifically states my (Lawrence NOT Larry) appreciated equity as of Dec. 23, 2002 is "just under $50,000 in which case you qualify for a line of credit of up to $2,000,000." NOWHERE, do you ever mention and state Larry's recently deposit of $25,000 into your account as part of my account and or line of credit!

Please live up to your commitment with your Empower Capital and just do the right thing by funding my business proposal & home as per Aug. 12, 2006 email to you ASAP.



"Empower Capital, Inc." wrote:
Dear Lawrence:
I estimate that your total assets in the system are just under $50,000 in which case you qualify for a line of credit of up to $2,000,000.
As the group expands and you can bring in referrals of $25,000 or more that should increase by a lot more.
I hope this answers your questions as we can only give you an estimate at any time as the market is constantly changing.
Empower Capital, Inc.
At 01:05 PM 7/5/2006, you wrote:

Hello Dr. Kern,
As per our conversation in Carlsbad, please inform me of my appreciated equity as of Dec. 23, 2002. Hope you and Wendy are enjoying your travels and look forward to your reply and return.
Best Regards,
Lawrence Gatpandan


Dr Cy Kern,
Empower Capital, Inc.

"Mutual Empowerment Association" sponsored by Empower Capital, Inc.
where the "E" stands for Excellence in Expertise.

About Dr. Kern:
Real Estate Investor,
Semi-Retired Ophthalmic Surgical Consultant,
An Inventor of Laser Eye Surgery.

7040 Avenida Encinas - #104
Carlsbad, CA 92011

Tel. (001) 760-931-9318 for the USA and International
Fax Line (001) 760-931-9322 for the USA and International
760-931-9322 Fax Line
760-535-2434 Cell

Dear Lawrence.

All we are saying here is that you have to be able to afford the minimum on a monthly basis from a cash flow point of view.
However, The most important factor is one's ability to take instruction and learn.
What concerns me most is not the money. It's the attitude. IF you want to be successful in life and I am sure you do you must be teachable and take instruction and act in a logical way.
Getting all excited to the point where all logic goes out the window will not work.

I would love to have you as one of my best students. I can make you very wealthy. To do so you must edify and build up the stature of your teachers.

I have the know and hands on experience to put you in control of lots of money.

Are you will to work with me in non derrogatory tone of voice?

Hope to hear from you soon.

Both you Lawrence and Larry are good guys but you need training. There is no charge for the training you just have to be willing to learn and to apply the techniques we teach.

Are you ready?


At 03:25 AM 8/26/2006, you wrote:

How to Access Unlimited Capital to Buy Property in any Country of the World with Minimal: Credit, Capital or Cash Flow as low as 1% interest per annum. Now, Does This One Get Your Attention

Dear Dr. Kern aka "Sam King",

The above written statements from you advertised online is quite simply self-explanatory. But from your response below it clearly indicates quite the contrary. Again, please be advised that all I'm asking is that you only perform and deliver what you/Empower Capital (EC)advertise or it is quite simply misleading to say the very least. This is my absolute last request to you/EC to follow thru as you have personally stated as well as documented online for the public at large to witness. Hopefully, you will choose the credible, truthful, and honest path. Again, the choice is yours...



"Empower Capital, Inc."
Dear Lawrence

We do not guarantee the rate of interest which is dependant on your credit. We can only give you possibilities.

So, what are your credit scores?

Yes, if you have great credit scores the payments can be very low.

If not, you may be able to rent credit from a third party but that means giving up a significant piece of the profit and finding a party that is willing to kick in the shortage each month to pay for what you cannot on a monthly basis.

This takes time to organize and cannot be guaranteed but is possible.

I think the best solution for all is to find a party that is willing to buy the loan packages from you and Larry.

So, what is your asking price? We would be happy to let others know that could be interested in your proposal to sell out.

We are not brokers, we are an Association of Private Guarantors. That's all. All we can do is to provide you and others with a cost effective public platform to let other investors know of your desires. We have never made any guarantees other than in the event your loan funds and you cannot make the payments then you would be progressively bought out at the rate of 1.39 times the monthly shortage from whatever the equity remaining is. However, the loan is not funded at this time.

In the meantime, we will continue to look for other alternatives re your issues and your brother Larry.



Empower Capital, Inc.

At 01:42 AM 8/21/2006, you wrote:

For example the monthly payment on a $10,000,000 property could be as low as $8333 per month instead of $75,000 per month. Did we get your attention?

San Diego, CA

San Diego, California

This report was posted on Ripoff Report on 10/11/2007 04:24 PM and is a permanent record located here: 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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