If you read all of the lawsuits and what the court has ruled, it is clear that John Garcia is guilty of fraud and breach of contract. He has been sued by investors, partners, American Express and the Mercedes-Benz Finance Company.
Read the Cover to the Lawsuit filed by Bryant/Camber
Read the Robert Heaton Declaration in preparation for the trial.
Read the Camber Declaration in preparation for the trial.
Read Garcia's dismissal of his counter suit against Bryant/Camber.
Read the Bryant/Camber Request for Admissions in preparation for a trial.
Read Garcia's response to the Request for Admissions and see for yourself that he goes on the record "under penalty of perjury under the laws of the State of California," and admitted that he lied to Bryant/Camber (and many others interviewed for this blog). He admitted that he never invested in Angel Strategies himself, he never had even one single investor at the $1 million level, that Angel Strategies was never profitable and that no investor ever received any form of profit from Angel Strategies. With these admissions now on the record and with discovery that points to the fact that Garcia cannot pay out on a judgment, Bryant/Camber dismissed their lawsuit. They tell us, "We are tired of paying attorneys and we are confident Garcia has no money for us to recover. We have what we want. We have Garcia on the record admitting that he lied to us and every other person we have talked with regarding their experience with him."
Read the lawsuit filed by Garcia partners.
Read the lawsuit filed by an investor.
Read the judgment won by an investor.
Read the lawsuit filed by American Express.
Read the judgment against Garcia and for American Express.
Read the lawsuit filed by Mercedes Finance.
Here's a reminder to all of the scam John Garcia was running before the law caught up with him. Angel Strategies website before Garcia was caught. In earlier blog entries find more links to the web site Garcia used to prop up his lies. This is an example of how the web can be used to facilitate fraud.
Tuesday, June 29, 2010
Friday, June 25, 2010
This is John Garcia.
There are many men with the name, John Garcia, therefore, we make it clear to any reader that this is the person whose record is being discussed in this blog. This photo was taken in December 2008 just after he returned from a trip to Sweden where his presentation was video taped. The video and the transcript of this video appears below in the blog entry dated March 21, 2009.In this video anyone can watch John Garcia tell the story of a company's performance that only existed in the mind of John Garcia.
Investor Sues John Garcia for Fraud and Wins
Click on the image to view it in an
uncompressed mode. You can read it!
Click on the image to view it in an
uncompressed mode. You can read it!
Friday, March 12, 2010
House Sold
John Garcia sold the house that had gone into foreclosure. We know this because the new owners asked us to remove from this blog the address of the house in Santa Ana. We understand that the new owners do not want people who are looking to collect money owed by Garcia to show up on their doorstep since Garcia no longer lives there.
The new owner paid just over $1 million and told us that he figured that Garcia would not end up with any cash since the price would barely pay off the bank and the real estate agent.
The new owner paid just over $1 million and told us that he figured that Garcia would not end up with any cash since the price would barely pay off the bank and the real estate agent.
Saturday, December 12, 2009
Garcia is Sued by American Express
American Express is suing John Garcia of Angel Strategies. It seems as if Garcia owes $43,901.35 on his credit card. This is the fourth lawsuit filed against John Garcia since April 2009. To learn more read other entries on this blog. Or, go to occourts.org.
Wednesday, November 4, 2009
John Garcia Seems to Indict Himself
The attorney at the California Department of Corporations responsible for the Desist and Refrain order that was issued by the department tells us, "Mr. Garcia has failed to timely request a hearing on the Commissioner's Order; accordingly, that Order is now final."
For the non-lawyers out there this means: Garcia missed an opportunity to try to clear his name. The California Department of Corporations ruling states, "the California Corporations Commissioner is of the opinion that the securities of Angel Strategies were offered or sold in this state by means of written or oral communications which included an untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements made...." John Garcia must agree as he did not protest the finding.
We learned from talking with Hattie Bryant that a person has a right to protest the finding of the California Department of Corporations. Ms. Bryant said, "The attorney who handled our complaint against John Garcia of Angel Strategies called to tell me that it had issued a 'Desist and Refrain' due to its discovery. Mr. Garcia would have 40 days to protest and if that happened we would have to be witnesses for the Department of Corporations."
John Garcia did not request a hearing, the matter is closed and the ruling stands. To see the ruling you can go to the California Department of Corporations.
For the non-lawyers out there this means: Garcia missed an opportunity to try to clear his name. The California Department of Corporations ruling states, "the California Corporations Commissioner is of the opinion that the securities of Angel Strategies were offered or sold in this state by means of written or oral communications which included an untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements made...." John Garcia must agree as he did not protest the finding.
We learned from talking with Hattie Bryant that a person has a right to protest the finding of the California Department of Corporations. Ms. Bryant said, "The attorney who handled our complaint against John Garcia of Angel Strategies called to tell me that it had issued a 'Desist and Refrain' due to its discovery. Mr. Garcia would have 40 days to protest and if that happened we would have to be witnesses for the Department of Corporations."
John Garcia did not request a hearing, the matter is closed and the ruling stands. To see the ruling you can go to the California Department of Corporations.
Saturday, October 31, 2009
John Garcia was Served a Third Lawsuit
on Friday, October 30, 2009. The lawsuit was filed in the Orange County Courthouse accusing John Garcia of Breach of Contract, Breach of Fiduciary Duty, and Securities Fraud (fraudulent misrepresentations in connection with the sale of securities).The complaint was filed by an investor in Innovateur.
Garcia claimed that he generated for Angel Strategies investors a 58% internal rate of return each year for ten years from 1998 through 2008. He claimed that Angel Strategies was an early investor in Krispy Kreme. This is fall-out-of-your-chair funny when one learns that Krispy Kreme was founded in 1937. He claimed that Angel Strategies was an early investor in Broadcom. A record search produces no evidence of this. He claimed he was on the Board of Governors at Chapman College, and now it seems that no one at Chapman knows John Garcia.
All of these lies and more are part of the John Garcia sales pitch, and when he was not able to provide paperwork to verify these claims, this particular investor sued. Keep in mind that the former partners in Innovateur removed Garcia from leadership and are now suing him.
Garcia claimed that he generated for Angel Strategies investors a 58% internal rate of return each year for ten years from 1998 through 2008. He claimed that Angel Strategies was an early investor in Krispy Kreme. This is fall-out-of-your-chair funny when one learns that Krispy Kreme was founded in 1937. He claimed that Angel Strategies was an early investor in Broadcom. A record search produces no evidence of this. He claimed he was on the Board of Governors at Chapman College, and now it seems that no one at Chapman knows John Garcia.
All of these lies and more are part of the John Garcia sales pitch, and when he was not able to provide paperwork to verify these claims, this particular investor sued. Keep in mind that the former partners in Innovateur removed Garcia from leadership and are now suing him.
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