Alvin Donovoan Equity Partners Fund

Paid $15,000, got nothing - Fraud Scam

19th of Mar, 2012 by die asnwoort

JACQUES BLANDIN, chief executive of Perth IT company Firmware Technologies Inc, was introduced to Alvin Donovan in July 2010.

Blandin and a legal counsel flew to the Gold Coast to meet Donovan to discuss a special private placement of €25 million, a non-bank transaction that involved allotting shares to Donovan's company.
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''Donovan claimed EPF [Equity Partners Fund] had $US3 billion in his company to invest,'' Blandin says. ''He was happy to extend to us an equity line over a three-year period.''

Funds would be available if Blandin signed over shares of Firmware for each drawdown.

Blandin says he paid Donovan $US15,000 for a ''document preparation fee'' to start the ball rolling. He never saw a cent of the drawdown when he needed it.

''Effectively, EPF sells your own stock and gives you your own money back,'' Blandin says. ''If you ask for financials to EPF, there won't be any.''

Read more: http://www.canberratimes.com.au/business/paid-15000-got-nothing-20120305-1ubzj.html#ixzz1pWUdw3C8

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Comments

4414 days ago by Marielanigan

Ms cox,

it is obvious you have an axe to grind with this guy. I think maybe *you* are the scammer.
why do you put on your website
http://www.awtn.co/index.php?option=com_content&view=article&id=50&Itemid=62

that you are a world class listing expert yet you have not ever done one?

i think ppl should investigate you for fraud.