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Report: #1318499

Complaint Review: Troy Eckard - Richardson Texas

  • Submitted: Sat, July 23, 2016
  • Updated: Mon, October 16, 2017
  • Reported By: don't get ripped by Troy — Texas USA
  • Troy Eckard
    1819 Jay Ell Drive
    Richardson, Texas
    USA

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Troy Eckard of Eckard Enterprises LLC, and Con Amor Holdings, is offering investments in Costa Rica that are absolutely ridiculous, and which he does not own.

On his web page www.conamor.holdings.com, Troy Eckard, of Eckard Enterprises offers three options.  By calling these properties “Con Amor Holdings” you get the idea that he has actually purchased these properties, but he has NOT.  A simple check of the Costa Rican National Registry shows the properties to still be in the name of the same owner.  He does not own the properties he calls his holdings!  At most, he has contracted to purchase the properties, and Troy Eckard appears to be marking them up to his investors.  Do not be a sucker!

“Con Amore III” is an investment Troy Eckard is marketing on his web page.  It says “15 room hotel with 36 condo expansion”.  That is a joke!   First off, if you want to build 36 condos, then buy a property for building 36 condos and do not buy a hotel. 

The property Troy Eckard is markinting is actually the Hotel Tabulia Tree.  Formerly known as Hotel Mirador del Pacifico, and restaurant Bamboo Jam.  The area where Troy Eckard is pretending to build 36 condos is affected by the Quepos Zoning Plan, and is designated as ZONA PROTECTION FORESTAL (protected forestry zone).  You can NOT build 36 condos here!   Period. 

Troy Eckard obviously has no idea about the laws of Costa Rica.  But then again, it would appear is he also working here illegally on a tourist visa that does not permit him to be working here at all.  He has no credentials in Costa Rican real estate or development.  He does not seem to know the first thing about development law in Costa Rica.  To pretend to build 36 condos on a very steep hill, that is almost impossible to get a road up too, much less parking for 36 condos, and in a protected forestry zone, is absolutely ridiculous.   Is Troy Eckard just trying to get investors to invest in marked-up properties, with no regards for project viability, or he is completely ignorant of the laws concerning development here, of which there are many?

Investors should be wary of Trok Eckard’s offerings.  Ask if Troy Eckard actually owns them first?  Then conduct your own due diligence, and definitely do NOT rely on either Re-Max Realty in Manuel Antonio, or the real estate office of Properties in Costa Rica to give you unbiased information, since they are either equally ignorant, or complicit, in these schemes.  Seek reliable information from reliable sources.  Investigate the possibility of building 36 condos in a ZPF (zona protection forestal) with the appropriate authorities, such as the housing institute, INVU, and the ministry of environment (SINAC) before putting a dime out of your pocket.  Why do you think no one else has built there in all these years?  Troy Eckard acts like he has the Midas touch, and that everything is easy here, but he is not the first gringo with this idea.  One of the prior owners tried to do the same as Troy Eckard, and found it to be absolutely impossible. 

Is Troy Eckard in the business of contracting properties and then marking them up significantly to unknowing investors, and selling “concepts” that are not feasible?  Investigate before investing.   

Check the facts.  Does Troy actually own ANY of the properties he calls his “holdings”????  What is the REAL price of these properties?   Who is the actual owner?  Is the proposed project Troy Eckard is pitching to his investors even legal under Costa Rican law?  Does Try Eckard even know if it is legal, or not?  Does he even care?  Is he working illegally in Costa Rica, and taking advantage of people?

You be the judge.

This report was posted on Ripoff Report on 07/23/2016 10:57 AM and is a permanent record located here: https://www.ripoffreport.com/reports/troy-eckard/richardson-texas-75081/troy-eckard-eckard-enterprises-llc-also-known-as-con-amor-holdings-prentends-to-own-or-1318499. 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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Updates & Rebuttals

REBUTTALS & REPLIES:
0Author
5Consumer
2Employee/Owner

#1 REBUTTAL Owner of company

To author "don't get ripped by Troy" AND "too late for me - USA, PLEASE TAKE NOTICE...

AUTHOR: Troy W. Eckard - (United States)

TO

Author: don’t get ripped by Troy

Subject: Troy Eckard Eckard Enterprises LLC, also known as, Con Amor Holdings Prentends to own or be able to develop projects in Costa Rica. Quepos and Manuel Antonio, Costa Rica Other

Submitted: Sat, July 23, 2016

AND

Auther: too late for me – (USA)

Subject: troy eckard has a lot more baggage

Submitted: Tuesday, August 09, 2016

 

Please take notice that the subject of this post, Mr. Eckard, (“Plaintiff”) has initiated an action in the 366th District Court of Collin County, Texas cause number 366-15-2017 (“the Action”), due to allegedly false statements made by an anonymous author. In the Action, Plaintiff seeks to subpoena the records of Xcentric Ventures, LLC for your identifying contact information to be sent to Plaintiff’s attorneys, Scheef & Stone, LLP, 2600 Network Blvd., Suite 400, Frisco, Texas 75034. Plaintiff will soon serve a subpoena on Xcentric Ventures, LLC, the company that owns and operates this website, to reveal your identity.  You may have a right to file and serve a response to the subpoena anonymously. If you intend to file and serve a response, please do so, or notify us of your intent to do so, on or before November 1, 2017 to the Attorneys for Mr. Eckard, via facsimile (214-472-2150).

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#2 UPDATE Employee

PLEASE TAKE NOTICE

AUTHOR: Eckard Enterprises - (USA)

Please take notice that the subject of this post, Mr. Eckard, (“Plaintiff”) has initiated an action in the 366th District Court of Collin County, Texas cause number 366-15-2017 (“the Action”), due to allegedly false statements made by an anonymous author. In the Action, Plaintiff seeks to subpoena the records of Xcentric Ventures, LLC for your identifying contact information to be sent to Plaintiff’s attorneys, Scheef & Stone, LLP, 2600 Network Blvd., Suite 400, Frisco, Texas 75034. Plaintiff will soon serve a subpoena on Xcentric Ventures, LLC, the company that owns and operates this website, to reveal your identity.  You may have a right to file and serve a response to the subpoena anonymously. If you intend to file and serve a response, please do so, or notify us of your intent to do so, on or before November 1, 2017 to the Attorneys for Mr. Eckard, via facsimile (214-472-2150).

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#3 REBUTTAL Owner of company

PLEASE TAKE NOTICE

AUTHOR: Eckard Enterprises - (USA)

Please take notice that the subject of this post, Mr. Eckard, (“Plaintiff”) has initiated an action in the 366th District Court of Collin County, Texas cause number 366-15-2017 (“the Action”), due to allegedly false statements made by an anonymous author. In the Action, Plaintiff seeks to subpoena the records of Xcentric Ventures, LLC for your identifying contact information to be sent to Plaintiff’s attorneys, Scheef & Stone, LLP, 2600 Network Blvd., Suite 400, Frisco, Texas 75034. Plaintiff will soon serve a subpoena on Xcentric Ventures, LLC, the company that owns and operates this website, to reveal your identity.  You may have a right to file and serve a response to the subpoena anonymously. If you intend to file and serve a response, please do so, or notify us of your intent to do so, on or before November 1, 2017 to the Attorneys for Mr. Eckard, via facsimile (214-472-2150).

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#4 UPDATE Employee

PLEASE TAKE NOTICE

AUTHOR: Eckard Enterprises - (USA)

Please take notice that the subject of this post, Mr. Eckard, (“Plaintiff”) has initiated an action in the 366th District Court of Collin County, Texas cause number 366-15-2017 (“the Action”), due to allegedly false statements made by an anonymous author. In the Action, Plaintiff seeks to subpoena the records of Xcentric Ventures, LLC for your identifying contact information to be sent to Plaintiff’s attorneys, Scheef & Stone, LLP, 2600 Network Blvd., Suite 400, Frisco, Texas 75034. Plaintiff will soon serve a subpoena on Xcentric Ventures, LLC, the company that owns and operates this website, to reveal your identity.  You may have a right to file and serve a response to the subpoena anonymously. If you intend to file and serve a response, please do so, or notify us of your intent to do so, on or before August 15, 2017 to the Attorneys for Mr. Eckard, via facsimile (214-472-2150).

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#5 UPDATE Employee

Repsonse to the comment

AUTHOR: Eckard Enterprises - ()

Mr. Unknown #2, 

The first reply was lengthy, so we will try to minimize the response to the following: You say we have our fingers in all sorts of questionable pies these days. Our investment company focuses on tangible assets and of course, we will be looking at various investment opportunities in real estate, oil and gas, and other. We strive to have a diverse portfolio, and offer our investors alternatives to various market conditions.

“Why do you think [I] still [have] to actively solicit new investors…” Not sure if this needs a detailed explanation since all businesses, every day, and in virtually every market (stocks, bonds, and private equity ventures) always seek to expand and grow their business. Finding new customers (investors), or sources of capital is how every company grows. Exxon Mobile, IBM, Oracle, Proctor and Gamble and Apple (to name a few) sell corporate bonds, new issues and issued stock. If they did not need new investors, or new money, they would buy back all their stock and keep it for themselves.

But, to answer your question, some individuals indeed only invested in one or two projects. Most of our investors range in age, on average, between 40-80 years old. Our CEO has been in business for over 30 years and some of our long-term clients have, unfortunately, passed away, or officially retired from the investment community. Due to strong relationships and continuous search of investment opportunities we have maintained our customer base, and continue to attract more investors interested in our ventures.

The lawsuit you are referring to is with a family office that is also under investigation by the FBI. Our company was unaware of their business practices, and operations that lead to an unfortunate loss of our time and money. You have failed to add the full story, and anyone that reads the entire case, and counter-lawsuit, will notice that your accusation is grossly false and altered.

We do apologize that your experience with our company has not been satisfactory and to your expectations.

Eckard Enterprises is the only investment company we know of that invites all investors to our annual investor conference. We do not skip any investor. We invite all investors/partners for 100% transparency. Name one CPA firm, law firm, investment firm or any other firm you invest with that opens its doors to a format that allows full disclosure and exchange among its partners. We don’t know of any.

At our conference, we talk about the good, bad, and ugly. Almost all our investors are open and forthcoming. If there’s something they don’t like, or understand, they voice it via email, phone, or at our conference, so we have an opportunity to address the issue. We also encourage our investors to meet us at our office, anytime. Again, we apologize for your experience. You must not have liked one of our investments and moved on. If you ever decide to give us a second chance, please make sure to voice your concerns, and let us work with you as we do with all our partners – in confidence, open, and with the goal of shaping each investment to be successful.

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#6 UPDATE Employee

Repsonse to the Complaint

AUTHOR: Eckard Enterprises - ()

Mr. Unknown,

 

Ripoff Report is intended to report complaints, scams and frauds, not for posting unsubstantiated accusations such as you have written. Please honor and respect the Ripoff Report’s intention of helping consumers be more aware, instead of falsely accusing a company of fraud.  All your comments are assumptions stated by you (an unknown person) that obviously knows little about our company, but a lot about Costa Rica.  Sophisticated investors will quickly see that this is a stab at Con Amor and Troy W. Eckard by competition or what we believe is a realtor in Manuel Antonio that has created havoc for many developers and investors in the area.

Mr. Troy W. Eckard owns 100% of Con Amor Holdings, LLC, as well as, Eckard Enterprises, LLC.  In fact, since 1985, Mr. Eckard has been a manager and/or sponsor of hundreds of private ventures representing investors in various industries from real estate, oil and gas exploration, midstream investing, water rights and other related industries.  Each entity/business has different responsibilities, and different fields/industries it is involved in.  This is public record as are all of Mr. Eckard’s dealings.

Con Amor was a newly created real estate enterprise that was incorporated to focus on a niche investment approach to acquire and develop certain Costa Rican real estate.  As with all Eckard businesses, Mr. Eckard leads the effort with his own money, time, and due diligence to preview opportunities on behalf of the company, and eventually the private investors and partners.  

The author implies to know Con Amor’s business plan and is trying to explain our representation, ownership, opportunity in either hotels, condo developments, or real estate ideas. This is false information.

When we believe to have found something of value, we generate marketing material that allows us to share our vision, goals, and objectives. We work for and with very wealthy and intelligent investors with net worths ranging from $1,000,000 to nearly $2 billion.

We are very transparent, open, and forthright in our dealings and have been in our over 30 years of being in business. This disclosure includes sharing the ideas of what types of properties we are pursuing, seeking to develop, and assets we see as having a value. These ideas and others are fairly and openly discussed, and have been presented on our website (note that the actual link is www.conamor.holdings excluding the .com).

The real question is motive? We believe this post was written by a realtor in Manuel Antonio that was upset because Con Amor Holdings had placed a valuable piece of land for future development under contract. This land was directly discussed with the seller, whom informed us that this realtor, who used to have the listing for many years, no longer has the right to represent it due to several reasons. This realtor threatened to sue the owner (seller), the broker representing Con Amor, and went so far as to post signs in public view on the property slandering our company as well as Mr. Eckard. We strongly believe this person is the same individual that wrote this false accusation due to the detailed information they provide about the properties we have viewed. The date this was posted also tails the dates of us viewing this exact property in Manuel Antonio.

Now, the author mentioned some specific names of properties we were looking at or had under contract and were in the due diligence phase of our investigation. Yet, our website makes no reference to any of them. Even the pictures do not provide sufficient information to base such a claim, or tie our ideas to any one property. This must mean you are local and are exactly what we suggest in our response, a local agent who is seeking nothing more than to use anonymity to slander our firm.

In closing, why do we (Con Amor & Troy W. Eckard) provide this detailed response? We want to provide facts, protect our name, and reputation. Con Amor also wants to highlight that we are aware of this false accusation, and are more than happy to discuss this openly and provide data that supports this complaint to be made up by Mr. Unknown. We also highly encourage everyone to do their due diligence. If anyone that reads this has any questions, please do not hesitate to contact us, or Troy W. Eckard, personally at 800-527-8895 (same number since 1992)

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#7 Consumer Comment

troy eckard has a lot more baggage

AUTHOR: too late for me - (USA)

Thank you for the warning post about Troy Eckard’s questionable investment offerings in Costa Rica.  Nothing Eckard tries to sell surprises me anymore.   It seems Eckard has his dirty little fingers in all sorts of questionable pies these days.  And, this is definitely the same Troy Eckard, from Eckard Enterprises, and from Eckard Global, operating in the USA.  You can see his photo on the websites to confirm it is the same shady character.

Why do you think Troy Eckard still has to actively solicit new investors all the time, after so many years in the investment business, to fund the latest “new” and “incredible” investments he is offering?  What happened to all of Troy Eckard’s old investors?  Why are they not reinvesting with Eckard?

There are other articles and lawsuits regarding Troy Eckard, Eckard Enterprises, and his other companies available on-line.

Like this one about Troy Eckard, from just last year, which contains the court documents from an investor who invested over $10M of hard earned money with one of Troy Eckard’s companies (which was 100% of the capital of the company – big surprise right), but then they ended up in a lengthy court battle with Troy Eckard.

in.gov/judiciary/opinions/pdf/07221501jk.pdf

EXCERPT FROM THE COURT DOCUMENTS - Court of Appeals of Indiana | Memorandum Decision 49A02-1409-PL-635 |July 22, 2015 Page 5 and 6 of 18:

“I.  Appellees’ App. at 8

It further asserts that at all material times Eckard directed and controlled the actions of the other named Defendants and ------- has failed to discharge its responsibilities, refused to cooperate, and violated fiduciary duties under the provisions of the Company Agreement. 

Plaintiffs contend in the complaint,   “Defendants have routinely ignored and manipulated the corporate forms for their own purposes,” including, but not limited to, failing to keep corporate records, comingling assets and affairs, and misdirecting revenues of Legacy I”.

And, there you have it. 

If you become involved or invested with Troy Eckard, then you risk suffering the same perils the plaintiff describes above with regards to their investment, as well as the added frustration and expenses of a protracted court battle with Eckard.    

My experience with Troy Eckard was different, but no less disappointing, and to say more about it than that would only risk further complications.  Let it suffice to say, that I wish I had never become involved with Troy Eckard in any way.    

 

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