Thursday, May 28, 2009

The California Department of Corporations

For any person reading this who believes they were ripped off in an investment scam, go to the website of your state and file a complaint. This is what Hattie Bryant did and a case was opened by the California Department of Corporations to try to understand John Garcia and his company, Angel Strategies. You can also file a complaint on the web site of the SEC and at the IRS web site you can follow instructions to file complaints. John Garcia of Angel Strategies provides "investors" with very little paperwork but we were told that John Garcia sent out some k-1s for 2008. Some investors commented to us that the k-1s must be falsified as there is no data to support the numbers on the k-1s. This is the type of complaint one can file with the IRS.