Ben Greenwood Resignation

To All Clients:

This is to inform all of you that I will no longer be representing First Capital Savings or Jeff Lowrance. I have taken on a new job and am excited about the opportunity it presents to me. This situation that we are in together concerning FCSL has been nothing short of life changing for the most of us. For some, it has generated an extremely large return. For others, it has wrecked our lives. I can no longer represent FCSL due to the fact that Jeff has failed to follow through on countless time-lines and promises with all of us. His endless procrastination is unacceptable and inexcusable. I put in my resignation to Jeff effective immediately on Friday August the 22nd if he didn't not either A) call me by the end of business or B) send all funds to clients. He called me later that day and we spoke for about a half hour, maybe 45 minutes. He stated to me that he was going to have his "Major Update" on the decision he was making out to all clients by the end of the weekend. Obviously, we never received it. I talked to him again that Wednesday, and he assured me he would have it out by that Thursday, at the latest, Friday. He said he had been bouncing it back and forth with his advisor Again, I gave Jeff the benefit of the doubt. After speaking with his advisor this week, I came to find out that he had never even seen the email. This is the first time I had ever caught Jeff in a lie to me. This was the last straw and I can no longer be associated with him. My paychecks havenʼt been coming as scheduled and I remained employed only because I was the last line of communication between the clients and Jeff. I kept hoping that he would live up to his promises and give everyone their money. Here we are Friday, September 12th, and we still haven't seen the update. Jeff told me during that conversation on the 22nd that he was in the "process of winding down the fund and was going to be returning everybody's funds to them, starting with the newest clients first that were taking the monthly dividend and were relying on the money to live on. And he would end with the older clients who had been compounding as they didn't rely on the funds for monthly bills." I asked him why he wouldn't just send one large wire and get everyone their funds back at the same time, and his response was "it just isn't that easy Ben. It will take some time." So I followed up with "Do you have the liquidity to pay all funds back to the investors" and he responded with "I do, but it will take some time." He figured it was going to be about a two month process. I have changed my cell phone number due to the fact that I had given it out to many clients over the course of the last couple months. I will however, give you my email address (separate from FCSL email address as I'm sure that one will be canceled) should you wish to you contact me for any reason. I won't promise how long it will take me to respond, and I won't have any further communication with Jeff from this point forward. Being that I am the last rep Jeff has, the last person to reach is Jeff as far as I know. The accountant doesn't have any more answers than I've had over the past few months according to what I have been told. The best way to reach Jeff is via email at jefflow22@hotmail.com and ceo@firstcapitalsl.com. His telephone number in Panama is 610-819-7678 Please forward this to anyone you know who is invested with FCSL.

Kind Regards:
Ben Greenwood
benfcsl@gmail.com


Ben Greenwood
Account Representative
First Capital Savings and Loan
1-866-805-3079
bengreenwood@firstcapitalsl.com
www.firstcapitalsl.com

Sept. 12 update

Jeff has asked us to stop trying to contact Carlos Olmos and Dito in accounting, that they did not have any answers. He said he would send out an update as soon as it was ready.
All wires are pending approval by Jeff.
He was working on distributing his new paper last week.
http://newswithviews.com/Devvy/kidd387.htm
Ben Greenwood reigned.
We still have not heard of anyone pursuing legal action. No one wants it to come to that. From many of your e-mails it is apparent that some of you still give Jeff the benefit of the doubt. I personally believe we need to stay positive. Hopefully Jeff will contact the blog personally and allow us at the blog to contact him by phone once a week. That way we can give updates to all.
Please view the new comments on the other posts.
Please notice the new question posted to the right.
According to Jeff, he still has all the principle money in the account and has not been touched.

First Capital Savings and Loan Client