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Report: #604743

Complaint Review: Tahoe Resource Group - Reno Nevada

  • Submitted:
  • Updated:
  • Reported By: Bev — Albuquerque New Mexico United States of America
  • Author Not Confirmed What's this?
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  • Tahoe Resource Group 18124 Wedge Parkway, Suite 250 Reno, Nevada United States of America

Tahoe Resource Group Jack Schwartz Scammed me out of $11,250 in IRA funds to a bogus investment scheme Reno, Nevada

*General Comment: Please contact me.

*Consumer Comment: Scammed

*General Comment: Also scamed by Tahoe Resource Group LLC

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My own brother ripped me off. Tahoe Resource Group. 9 months ago, I sent Jack Schwartz $6,250 in a capital contribution from my Ira funds towards his venture group Tahoe Resource Group and was promised a handsome return. My friend also sent him a capital contribution in the amount of $5,000.00 from her IRA funds. Neither of us has ever received a statement of earnings or an IRS form stating where this money went. The website states :Tahoe Resource Group (TRG) is a Private Equity Firm that deals in two of the earth's most valuable resources: Gold and Petroleum Products. In the Petroleum Trading Sector TRG creates sales of Jet Fuel, Gasoline and Diesel between Refineries and Distributors to end users such as Airlines and Utilities, as well as well-funded resellers. TRG's role in engaging Sellers and Buyers in both long-term contracts as well as spot purchases of petroleum products results in lucrative commissions that offer extremely high return on investment.

I have been asking my brother to cash me out since January and so has my friend.

He refuses to send our money back or be accountable in explaining where the money is. He is a lawyer in Reno, Nevada. The actions on his part constitute some very serious offenses. My understanding is that he has done this same sting operation on other parties over the years. He has a bogus company online, is a total scammer and steals people's money. It saddens me to have to write about my own brother in this format. I do not know what else to do in order to recover my money as well as my friends money.

 

This report was posted on Ripoff Report on 05/18/2010 11:15 PM and is a permanent record located here: https://www.ripoffreport.com/reports/tahoe-resource-group/reno-nevada-89511/tahoe-resource-group-jack-schwartz-scammed-me-out-of-11250-in-ira-funds-to-a-bogus-inves-604743. 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
3Consumer
0Employee/Owner

#3 General Comment

Please contact me.

AUTHOR: Jerry - (United States of America)

POSTED: Monday, November 01, 2010

I have filed a complaint with the State and will meet with an investigator next week.  I am trying to compile the names and contact information for as many others that have been scammed by Jack that I can find.  If you are willing to be contacted by the investigator, please send me your name and number and if you know of any others, I'd appreciate that info.  My name is Jerry (((REDACTED)))


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#2 Consumer Comment

Scammed

AUTHOR: Ken - (United States of America)

POSTED: Thursday, September 30, 2010

Jack "The Scammer" Schwartz is a low life POS. He also swindle money ($6,000) from me for his bogus venture capitalist company as well. Yet I can only blame myself for not doing the proper due dilegence... Live and learn... Here is his home address and an article about him complaining on water rights and his property. I did go to Andrews Lane but couldn't find his house. The house where he might have resided looked like it had been abandoned. I did not interview the neighbors about him. If you want to persue a legal complaint with the police, IRS, FBI, Lawyer's Bar and others let me know. I'll provide my docs as evidence. I personally am not going to soley file a complaint with the authorities.

JACK SCHWARTZ ( ) SIERRA HIGH TECHNOLOGY GROUP 430 Andrew Lane Reno, NV 89521

http://www.newsreview.com/reno/content?oid=22245

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#1 General Comment

Also scamed by Tahoe Resource Group LLC

AUTHOR: Gary - (United States of America)

POSTED: Thursday, September 16, 2010

It appears that I am another victim of Jack Schwartz to the tune of $50,000.

I met him through tennis and found that we had a common high tech background. Over time he convinced me that his company was a good investment and long term he would form a venture capital fund to help promising local entrepreneurs.

He has not returned phone calls and now his web site is disables. I live in Reno and am trying to locate him in person. If anyone has his address I would appreciate the information.

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