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Report: #678002

Complaint Review: X-treme Technology Corp - Ft. Lauderdale Florida

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  • Reported By: howyadoin — Carate Other United States of America
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  • X-treme Technology Corp Fort Lauderdale, Hollywood FL Ft. Lauderdale, Florida United States of America

X-treme Technology Corp XTC, Diffusion Technology Corp (DTC) Billy Langella collects naive church goers to invest in his "can't lose" metal coating company with bogus "updates" and inventors who were never employees of company, but were paid "consultants" in or Ft. Lauderdale, Florida

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The majority of investors in this company are church-goers who think their faith will bring in the promised "ten fold" return. Billy Langella has a huge network of investors who receive Promissory Notes for a certain amount of shares in "XTC Technology, Diffusion Technology Corp.". There is no website, only password-only updates that cannot be printed out because they are "proprietary". For years people have been getting ridiculous reasons for the delay in not being paid back or the reason the company has not yet started. This has been going on for ten years! People are told they are lucky to get in, as they are no longer taking investors! Supposedly, they have invented a metal coating that "would have saved the Twin Towers, had it been on their building". They have filed for the patent, but that's about it. The founders, John Goodwin Fallstrom and Glen Cauthern, are no where to be found. Emails go unanswered. The people whose names they use, i.e.,, Bronce Henderson, were only paid consultants who stayed long enough to see their names were being used and these guys were scam artists. John Bigl invested his money but then sued them for securities fraud and WON... but these guys keep finding people who believe that to not have faith means to destroy all the good work these con artists are putting into the company. Ask questions... you're out.. blacklisted.. promissory notes are worthless and they start their smear campaign on anyone who asks questions. They hold your money ransom and the only way you can hope to get it back is by being good.. and patient.. and quiet... don't ask questions and back them up when they are attacked.. and maybe, just maybe.. you will see your money again.. but don't bet on it. EVERY person on their company list has been investigated and they ALL admit THIS IS A FRAUD! Go to http://xtc-investors.orgfree.com/ and read about THE X-TREME SCHEME which are court records of the lawsuit against these con men.

This report was posted on Ripoff Report on 01/03/2011 08:06 AM and is a permanent record located here: https://www.ripoffreport.com/reports/x-treme-technology-corp/ft-lauderdale-florida-/x-treme-technology-corp-xtc-diffusion-technology-corp-dtc-billy-langella-collects-naive-678002. 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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