When is it time to notify the authorities?
Whom do we notify? (New Zealand, FBI, SEC, Panama, California DA, San Diego DA)
Will this tie up all assets for years to come?
Please especially comment on the first question. We need to all agree that whatever we do, we do together. No one jumping the gun.
Dear, Jeff Lowrance. You are a liar.
15 years ago
15 comments:
That is a scary proposition as it could tie up the money for years in an investigation. We need to be very sure we have no other recourse before going down that path.
I think we need legal advice at this point. There is too much evidence to me that says he still has the money. The lack of communication is completely inexcusable however.
I agree. This blog has been seen by some and not by others and thus to say that 'we should all be on the same page' is by itself an incomplete statement.
Truthfully, legal or other action would almost be pointless as it can only produce bad results.
My 'vote' is to allow Jeff some time to gather his thoughts and simply contact us. The fact that he has already built what he's built is evidence enough that he has the resources and wherewithal to continue doing what he has done for years. I'm hopeful that he will do so as he should be well aware that, though his other efforts with USA Tomorrow may be for a higher purpose, his lack of action with his erstwhile faithful investors is actually causing great harm ... and thus (in the universal scheme of things) almost totally negates whatever 'good' he can do with his paper.
Matthew 18:23-35
Though we should forgive when possible, it does not remove the debt. I can forgive the trespass as long as restitution is made. I know Jeff is capable of doing so and hope that, in time, he is forthcoming.
I am as frustrated as anyone and have more to lose than most if Jeff decides to turn into Charles Ponzi. With that said, I feel like we need to give him more time. How much more? I don't know. I am frustrated to hear that he can't be contacted and refuses to even contact his original clients. If the time comes that we pursue legal action it would likely be all avenues and we would choose a small group of us to be our spokespersons. I'm sure Jeff doesn't want that either. That would mean incarceration for him and no more USA Tomorrow, FCSL, Panama Condos, or Politics. He would be giving all of it up. We will have plenty of time for all of that without the statute of limitations expireing. He needs to make contact soon or there won't be many people voting to give him more time.
I think the time to do something is NOW. I don't think we try to involve authorities so things get all frozen for year. I have done some research and there are several law firms in Panama City. We could all pitch in a little money and have them draft a letter stating we are going to take things to the next level if we do not have the money or at least a response by a given date. We need to decide as a group what the threats would be but exposing him to the community he so highly values would be a good start.
Who would pitch in money?
What do you think the letter should threaten?
I just don't see how waiting any longer will help... it has been over 3 months since this happened with several promised dates floating on by. He is obviously trying to buy time... but for what?
I would agree that time is probably needed here. I feel like we may be getting scamed especially with the post of Ben's letter. I am a little surprised that we have heard nothing but the extension eMails and threats. Jeff does have USA Tomorrow to worry about but it is amazing that he has no one that he trusts to take over the investment side. It looks like the trades continue to perform well overall all it needs is an executive to administrate the fund. It is all very strange.
Anyway I am with whatever we decide, but I vote for more time.
I made this investment with the full realization that it was high-risk. The returns have been amazing and I want them to continue for quite a while. There have been a couple of times during this period that payments have been "intermittent", but Jeff has always got me back to where I should be. I guess this leads me to feel that he will eventually figure it out and that more time is needed.
I spoke to Jeff personally quite a while back and my impression is that he is a deeply passionate person who is committed to making change in the world. However, this passion sometimes is so focused that he loses sight of some of the bigger picture things: such as the little matter of a bunch of investors who are getting ready to mutiny.
I vote for a little more time, but someone needs to get Jeff in touch with us for an update SOON.
I agree, we need to make sure that there is no other recourse before involving the authorities. It is obvious that he has used the investors money- no question- that is unethical in it's own right. But, is there money left- and if there is, how much? Time is of the essence here- the question is do we allow him to continue to trade and try to recoup.. or do we begin researching the other avenues of recovery before there really is nothing left?
I'm on the fence- I want to believe that he is an upstanding guy and made a bad decision to take our money- and he wants to right the situation- hence the continued trading...His future is on the line here too- if he does not respond and return our funds, his life is pretty much done. And- if there isn't enough to return all the funds- only some- his life.. still done, because the rest of the investors will still pursue him and he cant make the money back if he doesn't have any to trade and regain the funds. If this is the case- and this is his only option to recoup that money or go down.. it's no wonder he isn't responding. How would he make the determination of who's funds to return and who gets screwed along with himself?
Time- Hope- Pray.
OK then, more time is the consensus, but doing some legal groundwork is a good idea. You who posted that, look into it and see how much that would cost us.
From what I understand of Jeff, he seems like a great business man that has earned may peoples trust. Pity he should throw that away. I say give him until october (when he said he would be returning funds anyway) and then take some sort of action. Does that sound reasonable?
Whoever started this blog, thank you. The internet is a beautiful thing.
I have not heard of anybody from FCSL asking for more time. It is hard for me not to assume the worst when there is no communication at all, to anybody. I do not know how many investors are involved and with the majority of blog comments being anonymous, it seems like most of us are fairly nervous about doing anything. I do think it is a good idea to unite if any action is decided on. What action is the question?
I think we should give Jeff at least until the end of October. Ben's phone conversation indicated that Jeff would need a few months to get money returned. I do believe as a group we should be prepared to take legal action, but hope and pray Jeff keeps his promise. Jeff Lowrance you need to communicate!!!
Yes, the big question is why the stonewalling? It is clear his paper is his passion and takes all his time but leaving us swaying in the wind like this is so puzzling....Like one of you said, even if the plan is still not done, TELL US THAT. BE CONNECTED! If giving Mack or Ben 3% to spearhead getting our money back
works for them, it works for me. But my sense is they may not have any more influence on Jeff than we do. Is it possible the bible-reading devoted family man is really a con-man putting out a publication dedicated to promoting truth and justice and high standards? In my darkest moments that is what I fear. Still, I am remaining cautiously optimistic that is not the case.
When I invested through Mentor last year I knew this was a high risk investment. Then when things changed to FCSL we all got the email saying it was now a secured investment through the bank. That is the only reason I've kept my money in and compounding every month. I vote for giving him more time to get funds back to everyone. I don't live on this money but it will catch up to me if I don't at least get my initial investment returned. I would appreciate any email updates on the blog that any one individual receives. Obviously some people are putting more time into pursuing Jeff than others. We received our regular compounded return in September to our account but I know that is meaningless if we don't really know what is going on.
The one undeniable fact is that any legal action will tie jeffs hands so that he will not be able to continue investing in those very profitable currency trades.
WHERE THEN, LEGAL EXPERTS, WILL HE GET THE MONEY TO PAY US?
GIVE HIM ALL THE TIME HE NEEDS. IF THE MONEY IS GONE, IT'S GONE AND NO SHYSTER ATTORNEY WILL EVER GET ANYTHING BUT HIS OR HER FEES PAID WHILE WE GET DIDDLY ANYWAY.
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