his counter-suit against Hattie Bryant and Bruce Camber. The couple filed suit against Garcia claiming fraud and asked that the $50,000 they paid him to raise money for them and the $25,000 that they invested in Angel Strategies be returned along with the $11,000 they had paid to attorneys prior to the filing in April 23, 2009. Garcia answered with a denial then counter-sued for libel and slander asking for $1 million. On September 17, 2009, the same day that the California Department of Corporations served Garcia with a "Desist and Refrain," Garcia dismissed his counter-suit. To read the "Desist and Refrain" go to the Web site of the California Department of Corporations.
This is very good news for people who are being wooed by John Garcia of Angel Strategies and Innovateur as a little research will provide the truth to them about John Garcia of Angel Strategies and Innovateur. The Department of Corporations told us that its ruling will be on the Web permanently. John Garcia of Angel Strategies and Innovateur has been found guilty of lying about the performance of his "fund" called Angel Strategies.
Tuesday, September 22, 2009
John Garcia is told to Stop Lying
by the California Department of Corporations. John Garcia of Angel Strategies is the man who has pretended since at least 2004 to be an investor who earns profits for others. Yesterday we received a copy of the "Desist and Refrain" order that was served in the last couple of days to John Garcia.
The order basically says that Garcia has been lying to people while in the process of selling securities. The order focuses just on the lie that he had 200 investors who each invested $1 million into Angel Strategies. The Department of Corporations discovered no more than 39 investors and not one that had invested any amount close to $1 million. All of the John Garcia victims we have spoken with heard this lie plus many others. Some even saw this lie in print on a power point presentation.
To read the document for yourself, go to the Web site of the California Department of Corporations.
We know that several victims of John Garcia's fraud took time to file complaints and many victims spoke with the attorney in charge of the investigation at the Department of Corporations. This is what it takes to stop criminal behavior. The honest people have to raise their voices.
The order basically says that Garcia has been lying to people while in the process of selling securities. The order focuses just on the lie that he had 200 investors who each invested $1 million into Angel Strategies. The Department of Corporations discovered no more than 39 investors and not one that had invested any amount close to $1 million. All of the John Garcia victims we have spoken with heard this lie plus many others. Some even saw this lie in print on a power point presentation.
To read the document for yourself, go to the Web site of the California Department of Corporations.
We know that several victims of John Garcia's fraud took time to file complaints and many victims spoke with the attorney in charge of the investigation at the Department of Corporations. This is what it takes to stop criminal behavior. The honest people have to raise their voices.
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