Dear, Jeff Lowrance. You are a liar.
15 years ago
Friday, January 30, 2009
Update from Jay
I have been informed by Jay that Jeff DID meet the deadline. Jay said that he was working with Jeff to resolve the matter, but could not provide a lot of information at this point, and would be in contact soon. Jay did say Jeff wants to make everything right for the betterment of the investors and the company.
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27 comments:
A lot of people joined a conference call that did not happen. Can J please provide some information as to what is going on?
Blacksheep.....There is a conference call tonight. Jay is on the phone right now.
There isn't a conference call tonight. Check your emails and private website for updates.
Todd, ya he is now.
Please check your emails and private website for updates. There is a private conference call coming up.
I was basically on to say we will have a private conf call tomorrow to discuss the update Jeff told me he is going to send out.
Thanks
Jay
Seattle, I apologize if I hung up prematurely. I heard you speaking as I disconnected.
mypetdonkeyscalledjeff@gmail.com
All this talk about the "update" reminds me of Linus and "The Great Pumpkin". "You just wait Charlie Brown, he'll be here next year." "Then, you'll be sorry!" Whatever the case, I am awaiting "Jeff's Update" by Sunday.
What is happening?
all new information is on the private site
I just finished watching the movie "The Rainmaker", an older movie (1997) with Matt Damon...for those that are familiar with this movie, in the end there was no money to pay out (not to say that this is what is going to happen here, but...), If that is the case, at least we took a "big" man down!!!
I say keep the big man up if he can pay us something incrementally.
how can I be part of that private site or maybe can someone who has access tell us what the new info is?
Send your name, address, phone number, amount invested , amount owed, who referred you in, who you know in FCSL to Jay at
fcslconcernedclients@yahoo.com
umm, is it just me or? the most recent post I c on the private blog is "January 14, 2009 6:42 PM"
Most recent post was 2pm today. Not alot of posts mostly information and updates under the different tabs. Which is the most effective way to accomplish what we need.
Something is really messed up with this private blog site. I have sent my info now twice and no response. Plus, no one I know has been accepted (5 people). That is fine if you are just behind on processing it all. But I am not too happy about being excluded on major conference calls and decisions made for the "group"...
put it in perspective guys... these guys have done in a few weeks what Jeff hasn't done in months, COMMUNICATE, organize us, communicate with Jeff-i am sure they are working hard to get everyone verified and in to their site--plus you can catch up once they do let you in
I too was frustrated with the seeming lack of response when I first contacted Jay, but I was able to get him to call me and we spoke at length. Your patience will pay off - I think he's about the biggest threat Jeff has at this point.
Ed was snookered by Jeff too. So his Plan B phase has been launched. Looks like he is going to Unleash his wrath on him.
Let us see now what Jeff will cook up to counter this
interesting ed now is seeking to blast out about Jeff too like Jay did--hopefully one of them will be successful and get our money back--the more pressure from various sources the better
Got an email from Ed Snook / US Observer blasting Jeff Lowrance, but could not find it posted on the US Observer web site nor did it come up in a Google search. Are we all being played again?
I'm going with Jay-he seems honest and has an investor's interest in this too--he also talked with Jeff which is something--Jay is only asking for his costs unless he recovers something which is what everyone here seemed to want before--snook is just too slimy--his contract seems reasonable unlike snooks, he is being upfront with us and not guaranteeing any results but seems to be getting some results...the sage continues
There isn't much activity on this blog anymore. It is time for us to go after Jeff with criminal charges. He needs to know that we are serious. He promised us an update and he has failed repeatedly. I don't care if he is talking to the fcslconcerned group. He still needs to talk to us. He promised an update and he has did not send it to us. Jeff is a liar and a thug. I won't believe anything otherwise until he sends us our money back. It can come in installments. But we need to see the money!! COME ON JEFF. TELL US THE TRUTH! DO NOT IGNORE US!
Ed Snooks has this letter on the internet now at
http://notcorporatemedia.com/jeff-lowrance-a-polished-con-artist
I found it doing a google search for Jeff Lowrance
First Capital Savings & Loan Debacle
By Investigative Reporter
Edward Snook
US~Observer
USA - “Panamanian” self proclaimed billionaire Jeff Lowrance, who enticed and relieved investors from around the globe of over a reported 60 million dollars over the past four-years has recently exposed himself as a fraud. Lowrance could soon join the ranks of indicted and/or convicted scam artists Bernie Madoff, Jules Bernard Fleder, Jack Arnold Brown, Tom Miller (Gideon Group), Dennis Scholenberg (Ex President of Big Bear Bank), Frank Quattrone and Art Nadel just to mention a few.
Lowrance hired the US~Observer in September to protect him from angry investors who reportedly stated they were going to travel to Panama and “do him in.” Having done a considerable amount of business with Lowrance in 2008, I agreed to assist him, but only if he was open and honest with me about his investment program. Jeff signed a contract with me on September 18, 2008. On this date Jeff informed me that he had the complete principle of every investor who had money invested with First Capital Savings & Loan (FCSL) on deposit. Jeff agreed to provide this guarantee in writing - He also agreed to provide me with a complete list of his investors. After Lowrance’s usual procrastination, on November 10, 2008, I received his guarantee in writing regarding investor’s principle and we also received the client list around this time.
Lowrance owed me $150,000.00 but informed me on September 18, 2008, that he was broke and only had $185,000.00 left besides the investor’s principle, which according to Lowrance was in a fund that could not be touched until December 5, 2008, or he would lose a great deal of the money due to early withdrawal penalties. Lowrance assured me that he was re-financing some condos he owned in Panama and that he would be paying me from those funds. At this time I advised Lowrance that he should update his investors before they became any more inflamed. I also advised Lowrance that he should tell them he would have their principle returned by January 5, 2009, because it would take him some time to acquire the money and time to wire it to investors. Lowrance agreed and sent this information via email to all his investors.
As early as November the US~Observer began investigating Lowrance and FCSL. On November 14, 2008 Jeff sent an email to an impeccable source that he had 42 million dollars on deposit - we continued with our investigation. January came and went without one word from Lowrance.
On January 6, 2009, I was contacted by Carlos Almos, Jeff’s FCSL manager in Panama. Carlos stated that he had confronted Jeff about returning the investor’s money. He told Jeff that he couldn’t handle all the calls from angry investors. According to Almos, Lowrance informed him that he wasn’t about to return all the investor’s money and walk away without any money after 4 years of hard work. This coincides with the Observer’s firm opinion that Lowrance has million tucked away that he doesn’t want to part with.
Just days after January 6, 2009, the US~Observer sent a letter to all investor’s, giving them the opportunity to hire the Observer to go after the principle they had handed over to Lowrance. We gave this opportunity due to the fact that we had interacted with and became very familiar with approximately a dozen investors during the months of Sept., Oct., Nov. and December - In fact three investors had already hired us before we sent the letter out. A total of 64 investors hired us out of a total of over 440 clients of FCSL.
A Ponzi Scheme?
A Ponzi scheme is a fraudulent investment operation that pays returns to investors out of the money paid by subsequent investors rather than from profit. The term, “Ponzi scheme,” is used primarily in the United States, while other English-speaking countries do not distinguish colloquially between this scheme and other pyramid schemes.
The US~Observer set the date of January 28, 2009, as the final date we would accept contracts from investors and on the 29th this writer had a phone conversation with Lowrance. I confronted Lowrance with the fact that I had received calls from two new investors of his - one investor told me that he invested $200,000.00 with Jeff in October under his new program and that this investor had just learned of Jeff’s severe problems with FCSL clients. At this juncture Jeff had been trying to tell me he was broke, while mentioning not one word about the funds he supposedly had on deposit, so I asked him, “What about all the money from your new investors?” Jeff stated that this money was all gone and he offered to show me spread sheets. I told him I wasn’t interested and I wasn’t interested in listening to any more of his lies.
This fact alerted me to the possibility that Lowrance had used “new investor’s money” to pay bills related to clients of FCSL, which would constitute a Ponzi scheme. Later in the day I received a call from Carlos Almos and I inquired about the new investor’s money. Carlos told me that he knew for sure that this money had been spent, but that he also knew that Jeff had a “lot of money somewhere.” I agreed with him and we ended our conversation, however I was left with one more piece of evidence pointing to a Ponzi scheme.
Facts About Jeff Lowrance
Everyone associated with Lowrance knows or should know that he is a pathological liar. According to numerous witnesses Jeff is currently trading large amounts of money successfully. Lowrance must have plenty of funds or he wouldn’t be able to trade.period. Jeff is no longer able to travel to Panama without being arrested for financial dishonesty. The FBI and other agencies have been repeatedly contacted and informed about Lowrance and they have done nothing to date about this mess to our knowledge. This could mean that they didn’t find evidence of a crime or they are simply showing incompetence as they have in other investigations the US~Observer has conducted, or there is the possibility Jeff is working with them. Jeff has raised approximately 60 million dollars over the past 4 yrs. Lowrance has a total of 440-plus people who have invested their life savings with him, some of which have been totally destroyed. Lowrance committed fraud against me on January 5, 2009, as he was
suppose to pay me the approximate $150,000.00 that he owed me. He also committed fraud against 440 investors with FCSL. Lowrance has committed fraud by selling “distributorships” to well over 100 people around the country. The distributorships were for people who wanted to make a “great supplemental living” from distributing Jeff’s now defunct newspaper USA TOMORROW. Jeff owes many employees their wages and some employee’s money they invested with him. Lowrance owes print and storage bills to businesses that extended him credit. Last but not least, Jeff Lowrance owes his lovely wife and son a huge debt for deserting them in Panama. It was recently alleged that Lowrance made a “deal” with authorities to give them information on other investment programs and “off shore” investors who are evading taxes. This is a possibility since Lowrance has been living is a motel room in Houston, Texas right under the watchful eye of the FBI who just happens to have a regional office there. If this is the case, those making such a deal with Lowrance can consider that their reputations will suffer irreparable damage once we find out who they are. We could go on and on, however I think this article is a sufficient warning to anyone who is even remotely thinking about handing any money to Jeff Lowrance.
Conclusion
Jeff Lowrance should immediately begin paying his investors. When he starts paying, the US~Observer will remove this article from the internet. If Lowrance fails to listen to this message the US~Observer will see to it that his name becomes a house-hold name across America and every foreign country that has internet service. Jeff will think the blogs are a complete joke when we are through. Stop lying Jeff Lowrance and start paying or you will be flipping hamburgers at McDonalds in the near future or maybe even be producing custom license plates for greedy “CEO’s” or possibly just washing laundry at some federal facility.
Is it just me or is this weekend just about over and no "update" from Jeff.
Should I be surprised he has missed yet another self imposed deadline?
Well, this a message for you currently investors of FCSL and all USA Tomorrow Distributors, employees.etc etc, last thing we heard from Mr. Lawrence (MR. Satan) as Antonio calls him was that this son of a $%&/& will not pay the employees of the panama call center the closing fees, that's right folks, Mr. i read the bible will not respect the labor laws of the republic of panama and will leave just like that, also, he owes the payment of the rent of his offices, what a crook. my suggestion is go against this son of a ·$%&%&/ with everything u got because legally speaking wont do much, because all his business in panama and offices were always under some other peoples names, and those guys are far away from here now in Peru (for the ones who doesn't know Jeff had a lot of Peruvians under his payroll including traders, that's right the genius behind the trading if that is real, (which i doubt so) was a Peruvian guy). Hope u don't get in panama again Jeff because there will be some chombons waiting for you to give u a very deserved welcome, or probably they will find your body in cerro azul with ants in your mouth.
PD: Hope this gives you lights about who u are dealing with and what his view of honesty respect and legality is.wont talk about religion because i think he just used that as a tool to accomplish his criminal intention of getting honest people into all this BIG SCAM. my last thoughts at least madoff was Jew (no pun intended)
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