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Thread: Blue Banc Capital

  1. #1
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    Blue Banc Capital

    Remember Robert Garner, the attorney for Andy Bowdoin/ASD Cash Generator, who swore on video saying that ASD Cash Generator was not a Ponzi? Well, he's back and this time with another questionable program called Blue Banc Capital (www.bluebanccapital.com).

    Last June there was a complaint filed with Rip-Off Report, link here: Ripoff Report | Bluebanc Capital Complaint Review Internet: 1057158. Another one that is long on promises but short on delivery it seems. Time to do more digging.

    He should have been Andy's bunkmate as far as I am concerned.
    EagleOne
    Author: "Robbing You With A Keyboard Instead Of A Gun - Cyber Crime How They Do It" available in soft cover and eBook at Amazon.com

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    Re: Blue Banc Capital

    Lol, I just brought him up two weeks ago on the flexkom thread and posted this quote:

    "In December 2007, ASD hired an Internet marketing firm, USHBB, and made a series of videos promoting ASD, which started to appear on Youtube in March 2008, where Bowdoin and members told everybody that a lawyer (later identified as Robert Garner) had vetted the firm, it's not a Ponzi, but a safe and profitable opportunity. The lawyer then appeared on the video proclaiming the same thing."

    I keep seeing spotty leopards in my head:-/

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    Re: Blue Banc Capital

    Last edited by littleroundman; 07-06-2014 at 09:53 PM.
    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: Blue Banc Capital

    Last edited by littleroundman; 07-06-2014 at 09:53 PM.
    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: Blue Banc Capital

    Blue Peak faces angry backlash

    "YOU CAN focus on what you are good at, which is finding property deals, and we can focus on what we are good at, which is moving property deals, and we have a lovely marriage together," Richmastery founder Phil Jones told a gathering of investors in Auckland late last year.

    Jones, whose Richmastery business claims to have a database of 60,000 property investors,was selling licences priced at $5000 (bronze), $25,000 (gold) and $50,000 (platinum) for a new venture, Blue Peak Wealth Management.

    Licensees were to source properties for onsale by Blue Peak, in return for a finder's fee of $3000 and a share of the property buyer's debt.

    After a little over seven months, the marriage has turned sour. Licence holders contacted by the Star-Times say Blue Peak has sold none of the properties they found, and the promise made by Jones that they would make "insane amounts of money" has yet to be fulfilled.

    In a DVD promoting Blue Peak, Jones told licensees: "We are going to show you how you can work half the hours you work, and double your income ... We are going to show you how to create wealth out of thin air."

    Those profits could add up to more than $3 million over the five-year term of the most expensive licences, Jones claimed.

    Sources say Blue Peak received more than $1m from the sale of licences.

    That money does not appear to have been a good investment for some licensees.

    Six have told the Sunday Star-Times they were yet to make a bean, despite having delivered properties to Blue Peak to sell.

    Licensee Dan Heke, who "downgraded" his licence from gold to bronze as a way of cutting his losses, although he got no refund of any of the $15,000 he had already paid, said: "We have been in this business for over six months and nothing has come of any of the properties we have presented.

    "The only reason I bought into the franchise was because I had the understanding that there was a database of buyers ready to buy, but from the start there have been no buyers," he claims.

    Another licensee reported presenting eligible properties within weeks of the Blue Peak launch. He said no buyers were found and he had given up the cash he spent on his licence.

    "I can't find the time to spend looking for properties only to find they can't sell them,"
    he said. "I'd very much like my money back, but I don't think they will do that somehow."

    His principal complaint: "He [Jones] promised us he would do a large marketing campaign, which really has failed to surface."

    Still another licensee, who has threatened legal action, said: "I presented them with three deals. All of them fell over.

    "We were led to believe that all we had to do was find the deals and there would be buyers to take them on, but it didn't work out that way at all."

    Despite the catalogue of complaints, Blue Peak flatly denies any problem. In a statement to the Star-Times from director Sean Levy, the company said: "The five-year programme has only been operating for six months and already Blue Peak is delivering real results with an operational system that has completed numerous transactions around New Zealand for both customers and licensees."

    Allegations from licensees were nonsense, said Levy. "The first phase of the marketing plan has also been rolled out with an investment of hundreds of thousands of dollars including print and radio advertising, ongoing upgrades to the website www.bluepeak.co.nz, emails promoting deals sent to a large customer base on a weekly basis, first home-buyer evenings and consultations with potential clients being held around the country.

    "It is disappointing to us that a small number of individuals have chosen to breach their contracts with us by airing their concerns through the media as opposed to activating the proper channels.

    "We are at a loss to understand what they are basing their inaccurate claims on, but we do appreciate that with the downturn in the New Zealand economy it is possible that some licence holders have overcommitted themselves and might now be struggling to keep up with their licence fee payments."


    Selling the licences to property finders was part of a bigger plan for Jones.

    Instead of Richmastery finding properties to sell to its database of property investors, a method Jones saw as limiting the number of deals that could be done, he would get others to pay him to find properties for a new company, Blue Peak, which would then market them for sale.

    Better still, Blue Peak would find potential buyers, get them pre-approved for finance, and then the licensees would be given instructions to go out shopping for homes for them, a little like being sent off to the supermarket with someone else's wallet to shop on their behalf.

    "We are going to become the number one delivery system for property in New Zealand,"
    Jones told potential licensees, many of whom had previously bought into Richmastery schemes.

    Under the Blue Peak system, licensees would source properties on the cheap from owners struggling to pay the mortgage and desperate for a sale.

    These would then be on-sold by Blue Peak at a profit.

    The licensees would get a $3000 finder's fee for each property, but what was more tantalising was the chance for gold and platinum licence-holders to make passive income, dubbed "loan book".

    This was to be created by lending most of that profit back to the buyer as a "deposit", with banks then lending them the rest.

    That ready-made deposit, Jones told licence-buyers, would create a market allowing those with little or no savings to buy homes. Jones said potential buyers would be told: "If we give you the deposit and the bank gives you the other 90% or 95%, you don't need any money."

    However, after two years the deposit would convert into a principal and interest loan to be paid back at 12% over the next eight years, creating passive income for licence holders.

    Jones told potential buyers: "Have we done our homework with the real estate agents and with the finance groups? Yes, we have. I'm comfortable with what we are doing because we have been very thorough before we have got to this point."

    But licensees say finance has not been forthcoming.

    Tracey Munns of Connect Mortgages, the mortgage broker who was supposed to find finance for Blue Peak deals, was unwilling and unable to do so. Another broker taken on by Blue Peak fared no better, say licensees.

    Munns would not comment, but mortgage broker Sue Tierney said banks were cautious about lending into deals that inflated transaction values.

    An investigation by the Star-Times in May revealed one Christchurch house being marketed by Blue Peak for $390,000 was also being marketed by real estate agency Simes for $45,000 less, with Simes insisting its was the true market value.

    Last week another Christchurch property Blue Peak was marketing for $250,000 on its website was also listed for $239,111 by Ray White.

    Tierney said borrowed deposits meant the type of deal Jones promised to licence holders would be seen by the banks as near 100% finance.

    ANZ told the Star-Times the type of loans involved in the Blue Peak structure were "extremely unlikely to fall within our current lending criteria".

    One licensee said it was virtually impossible to get 100% finance. "You have to have a university degree, earn $100,000, living in an urban area with an impeccable credit history."

    Licensee Ifa Humm, who says she just wants Jones to refund her $45,000, agreed: "They created something that could never work."

    Levy strenuously denies that finance is a problem. "Since Blue Peak's inception it has generated millions and millions of dollars of loan books with customers."

    The Star-Times asked Jones to put us in touch with licensees who had seen their deals go through, but he said that was not possible for reasons of confidentiality.

    Those claims of success may end up being tested by regulators, as several licensees contacted by the Star-Times said they were considering complaints to the Commerce Commission.

    Those who are demanding their money back include former business partners David Whitburn and Ammon Acarapi of Fuzo, who said they had cancelled their Blue Peak agreement because Blue Peak failed to live up to its side of the bargain. The pair are in dispute over unrelated business matters with Jones.

    Several of those we spoke to are talking about mobilising licensees into joint action.

    Others have just given their money up as lost and are using the lessons they learned from Blue Peak to go into business for themselves, although their contracts with Blue Peak limit them to trading no more than one property a month.

    Heke said: "I'm still looking for properties, but not for Blue Peak. I'm selling them myself."

    BLUE PEAK DEALS


    Here's how a typical deal would work.

    A licensee finds a home they can buy for $275,000, perhaps from a family who have run into financial difficulties, but which a valuer is willing to rate as worth $320,000.

    An offer is made, conditional on Blue Peak being able to on-sell the property for $320,000 to a buyer without a deposit.

    Of the $45,000 price difference, $35,000 would be "given" back to the buyer as a deposit, initially as a zero interest loan with no repayments for two years, after which it becomes an eight-year principal and interest loan at 12%. In effect, Blue Peak is delaying taking some of the profits from the purchase and sale in order to create a deposit. The remaining $10,000 would be divided between the licensee, Blue Peak, and costs.

    The buyer funds the rest of the purchase price, $275,000, with a loan sourced by a mortgage broker organised by Blue Peak.

    When the "deposit" turns into a loan, the interest payments generate income for the licensee.

    Stuff.co.NZ
    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: Blue Banc Capital

    It seems we aren't the only ones looking suspiciously at Blue Banc Capital:



    Topix Banking
    Last edited by littleroundman; 07-06-2014 at 09:59 PM.
    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: Blue Banc Capital

    Bluebanc Capitals' founder and CEO - Phil Jones



    Phil Jones' @MrPhilJones
    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: Blue Banc Capital

    Seems the only thing this one is missing is bob guenther

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    Re: Blue Banc Capital

    Last edited by littleroundman; 07-06-2014 at 10:01 PM.
    The only thing necessary for the triumph of evil is for good men to do nothing

  10. #10
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    Re: Blue Banc Capital

    Where does he get his pool of victims for this scam?

  11. #11
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    Re: Blue Banc Capital

    From 2003:



    Jenman.com.au
    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: Blue Banc Capital

    From 2004:



    Jenman.com.au
    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: Blue Banc Capital

    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: Blue Banc Capital

    Here are my favorites from their website:

    BlueBanc Capital has an exemplary record of operation which includes:Integrity BlueBancCapital

    •No Customer has ever had a failed transaction with us

    •No Attorney Complaints Letters Ever

    •No Govt or Local Agency Complaints Ever Received

    •No Lawsuits ever filed against us

    •No Criminal Convictions for the Business in any Country

    •No Criminal Convictions for the Founder in any Country

    Not one word on their website about the officers of the "Ranked Top 3 Bank Guarantee website in the world by industry experts," as if that was supposed to be something really great. Their whole website is a joke from start to finish. Also interesting that the state of California does not have them listed as a licensed and registered entity of any kind, yet they have a virtual office in Beverly Hills. Want to bet that their other 4 offices in those countries are not licensed and registered there either? LOL!
    EagleOne
    Author: "Robbing You With A Keyboard Instead Of A Gun - Cyber Crime How They Do It" available in soft cover and eBook at Amazon.com

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    Re: Blue Banc Capital

    Quote Originally Posted by Whip View Post
    Seems the only thing this one is missing is bob guenther
    Bob is waiting in the wings to form the Blue Banc Capital Trust, which is not a trust, for a fee from all the victims, and will either: file lawsuits for his trust members, which is not a trust, to get their money back, or visit their offices and get the members of his trust, which is not a trust, their money back.
    EagleOne
    Author: "Robbing You With A Keyboard Instead Of A Gun - Cyber Crime How They Do It" available in soft cover and eBook at Amazon.com

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    Re: Blue Banc Capital

    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: Blue Banc Capital

    Last edited by littleroundman; 07-06-2014 at 10:38 PM.
    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: Blue Banc Capital

    you think 'the donald' borrowed any of philbert's vast amount of cash? lmao!

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    Re: Blue Banc Capital

    I don't know.

    On another note,I wonder what the going rate for a DonaldTestimonial is these days
    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: Blue Banc Capital

    I imagine 'free' when you make it up.

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    Re: Blue Banc Capital

    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: Blue Banc Capital

    Poor Kevin Trudeau, all he could come up with was GIN wannabe's. If he had hooked up with Phil Jones he would have made it big! (Yes this is sarcasm)
    EagleOne
    Author: "Robbing You With A Keyboard Instead Of A Gun - Cyber Crime How They Do It" available in soft cover and eBook at Amazon.com

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    Re: Blue Banc Capital

    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: Blue Banc Capital



    BlueBank Capital

    Our Team of Highly Informed Experts has a commitment to the Highest Standards of Professionalism and has a Passion for adding value to the Companies and Projects we work with.
    The "team of highly informed experts" may well have a "commitment to the highest standards of professionalism" but that doesn't stop their employer misleading potential clients by using stock photos on their website

    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: Blue Banc Capital

    Latest on PHIL JONES – PRESIDENTIAL INNER CIRCLE SCAM

    Posted on November 24, 2010 by philjones2
    The following info is available on:
    http://fiveminutephotos.wordpress.co...ards-preparty/
    and
    phil jones presidential inner circle corinna jones divorce lawsuit
    Super Special Rooftop Party & American Music Awards PreParty

    Posted by fiveminutephotos on November 21, 2010 · 37 Comments




    This event was advertised as Mario Lopez Charity event. Original date was Oct 9th for Mario Lopez B-day. Was Mario even there?

    The Presidential Inner Circle is hosting Extra’s TV Mario Lopez’s Private Rooftop Birthday Party Benefiting Rally For Kids.

    The above statement was taken from the link below.

    Extra Mario Lopez’s Private Rooftop Birthday Party Benefiting Rally For Kids : Diversity News Publications | Diversity News Magazine | Diversity News TV | Diversity News Radio | Steven Escobar | Esteban Escobar | Diversity News 3960 | Diversity


    If the link above gets deleted I made a word doc of it here.

    Click to view –>mario lopez bday

    OK…. Well I am not real sure how to start this. Hopefully I don’t offend too many people. First I want to say it was great seeing the 100′s of people that I knew at the event last night. I have been out of that loop for awhile so it was pretty cool to hang out and mingle with everyone.

    It seemed like everyone was in good spirt and enjoying themselves.

    On a later note… Being to so many events and red carpets of various caliber I think I am qualified to make these statements. This event drew several hundred people, and to the organizers it would appear as a successful event. And it might have been for some people as onlookers from the side walk were amazed by what was going on.

    This event was at the very top the most disorganized redcarpet that I have ever attended. Next to the LA Music Awards last week. The staff on hand, although I am sure had good intentions, not one of them had any clue how to handle a capacity of this size. The carpet was flooded with B and C list talent…

    When real talent showed up to do the carpet they were asked to wait until the not so talented people finished posing for the cameras.

    But it was only every once in awhile that you would see a person come on to the carpet that actually had some notoriety. I think a total of about 10 people the whole night fit in that category.

    Its funny how these people that get paid to handle celebrities have no idea when there is a real celebrity standing right infront of their face.

    Simply amazes me. If I was one of the celebs last night, and was asked to wait for a nobody to get off the carpet before I was allowed on, I think I would just excuse myself from the event all together.

    All in all everyone looked fabulous and seemed to be having a good time.

    There are about 6 different circles of people that attend various events that I am familiar with. Last night they all ended up at the same place, talk about cross promoting. I must have known every photographer and 50% of the guests that attended last night.

    As everyone keeps saying how small Hollywood is. I believe people are just starting to merge together. It seems the Hollywood circle is getting bigger. But the truth is, the real Hollywood, where the real celebrities are have a small close circle. Which is probably where they all were last night because they sure weren’t at this so called celeb event.

    The funny part is that most everyone knew only the people from their circles, and didn’t know anyone else there. People kept coming up to me and saying who are all these people?

    Atleast the bar made a lot of money last night. The drinks were reasonably priced at $10 although they were only serving different types of Vodka, and everyone had atleast 1 drink in their hand at all times. They also brought around complimentary tequila shots.

    The 3rd level was pretty crowed with people drinking, dancing and taking pics of themselves and their friends with the Wax Figures.

    Christopher and Kyle Massey along with a few other celebs hung out and partied with the crowd. Jose Canseco was with his girlfriend and hung out downstairs most of the time just sitting around.

    After awhile everyone seemed to be getting bored and many people left the event. Others went to the second floor to get away from the 3rd floor crowd because it was too many people in 1 narrow room.

    I heard many people talking about being tricked. They all paid to be apart of this huge celebrity event, and although there were alot people there, it turned out to be just another Hollywood party. Some people stuck around waiting for Paris Hilton to show up. I guess she got there around 2am or later. By then I had enough and left. Maybe next time Paris.
    ————————————————————————————————————————————————-

    PhilJones2 Wordpress

    (Continued in next post)
    The only thing necessary for the triumph of evil is for good men to do nothing

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