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SmartComm
SmartComm SmartComm,smart commllc, smart comm scam,Carole Downs,Pendleton Waugh,Shannon Downs,smart comm white paper,smart comm az, smart comm fruad,
6th of Dec, 2010 by User371872

Smartcomm LLC SCAM Run and hide ! They take your money and run! Investment scam.


Wireless communications is an incredibly complicated and highly regulated world. Thorough research we learned that Neither SmartComm, or its multi-tiered network of sales people are licensed securities broker/dealers or certified financial advisors. In fact, some of them had such licenses and certifications revoked by the SEC due to prior legal issues involving improper activity.

Smartcomm's President, Pendleton Waugh has a trail of public fraud and other legal charges by the FCC and SEC that date back to the early 1990s, including the fact hat he has had his law license revoked in at least three states including Maryland, Georgia and Texas, and was previously convicted of federal charges related to FCC licensing scams, which are outlined below.


In 1993, Waugh came under investigation by federal authorities. As a result of that investigation, Waugh was indicted in 1994 in the United States District Court for the Northern District of Texas on one count of conspiracy to structure financial transactions to evade securities and banking reporting requirements and one count of money laundering, both felonies. Waugh ultimately pled guilty to the first count, and the second count was dismissed. In 1995, as a result of the plea agreement, Waugh was sentenced to 21 months in federal prison, followed by three years of probation, and payment of $20,000 in fines.


In 1997, the United States District Court for the District of Columbia granted the SEC summary judgment against Waugh for violations of various securities regulations. Waugh was ordered to pay the federal government nearly $13 million of illegally acquired funds.

In 1999, Waugh was convicted of securities fraud, a felony, in a case brought by the State of Texas, arising from his failure, in 1993, to disclose to a potential investor that he was under investigation by federal authorities for activities. Waugh was sentenced to four years in state prison, all of which were suspended pending successful completion of probation. He also was ordered to pay $72,000 in restitution and to complete 500 hours of community service.


In 1999, Waugh was determined to have violated the terms of his parole from federal prison and his probation on his state conviction by traveling to Puerto Rico to engage in activities relating to cellular telephone securities. As a result, Waugh was sentenced to six additional months in federal prison and four years in state prison.

We also learned that some SmartComm sales representatives also have histories of revoked SEC licenses and similar penalties for improper investment activities.


The bottom line is - Smart Comm LLC refused to refund my investment money as promised when I signed up for the program. I want to warn other investors that they verbally tell you that you can get out of the investment at any time when you are signing up, but then they change the story very quickly when it is time to get out.

I discovered the founders had mislead consumers in the past and that the president of this company had been involved in a pattern of fraud over the years and become concerned that I would be the latest victim of the 800 MHz and 900 MHz license scam. I also wonder how they can sell securities without a licence.

This webpage outlines the scam:

There are several FCC records on these guys: More from the FCC on Waugh 2009 http://www.fcc.gov/eb/hearings/files/FCC-09M-57.pdf

Here is more Fined by the FFC - http://www.fcc.gov/eb/hearings/files/FCC-09M-51.pdf

http://precomsys.com/documents/PW_Notice_of_Appeal_EB_Action_081209.pdf

Right here he was busted by the state of Maryland, and told he could not operate under Express Communications Inc. 1995

http://www.courts.state.md.us/opinions/cosa/2001/689s00.pdf another bad one 2007 !! The feds were trying to revoke the licences

http://edocket.access.gpo.gov/2007/pdf/E7-14871.pdf

The Sales Pitch SmartComm's primary sales pitch is that for an investment of $20,000 investors will earn $7,500 to $15,000 per month for life or be able to sell their holdings for a windfall profit. When asked how they can sell such securities without a securities license, the response is that we have been cleared by the SEC that what we are selling is not a security.

These guys have shown a pattern of fraud over the years stealing the hard earned savings, and then moving to the next state.

Smart Comm is a scam, and I lost a great deal of money. Please look out and do not invest money, you can see the government records for yourself.

Comments
1184 days ago by Fasteddie85251
My name is Pendleton Waugh, President, Smartcomm, LLC ("Smartcomm"). I don't hide behind a pseudonym when I post a comment. The reason is simple. I write the truth.

The person who posted the above complaint is Chris Kay, a Phoenix businessman who purchased two 800 MHz Specialized Mobile Radio license applications from Smartcomm License Services, LLC ("SLS") approximately fifteen months ago. Due to his business experiencing financial difficulties, he sought a refund from SLS in early December 2010 after it had completed the services for which it had been paid.

When SLS rejected Mr. Kay's refund request, he called Carole Downs, Smartcomm's Chief Executive Officer and left a threatening voice mail. He then sent her a threatening e-mail. He also visited Smartcomm's office and threatened the receptionist when she blocked him from proceeding further into the office.

Mr. Kay then proceeded to seek to "extort" Smartcomm through a concerted campaign of posting defamatory statements about Smartcomm and me on various consumer and/or investor fraud websites such as this one. He also filed false and defamatory complaints with the Phoenix Better Business Bureau and Arizona Corporations Commission.

You should note that David Alcorn, the independent marketing representative who contacted Mr. Kay about this opportunity and Shannon Downs, then Smartcomm's Director of Sales, explained both the length of time that would pass before Mr. Kay could expect to begin receiving a return on his investment and my background. As an aside my involvement and long past legal problems are set forth in the Marketing Package Mr. Kay and all prospective clients receive before they decide whether or not to purchase 800 MHz SMR license applications.

Smartcomm has filed a lawsuit against Mr. Kay for compensatory and punitive damages. Frankly, I very much am looking forward to seeing Mr. Kay in court where he no longer can hide behind a pseudonym and lie about Smartcomm and me.
1170 days ago by Jwgrenadier
Janice Wolk Grenadier


April 24, 2011
To:
Carole Downs - President & Co- Founder Smartcomm / Secretary to PSI
Pendleton Waugh – Vice President & Co Founder Smartcomm
Shannon Downs – Director of Sales and Marketing
Michael Judy - PSI President
Paul Tucker – PSI Investor
Ken Fry – PSI Investor
Linda Allen – PSI Treasurer
Alan Pelton – PSI Investor
Michael Scott – PSI Investor
3131 E. Camelback Rd,
Suite 450
Phoenix, AZ 85016

Dear: Ladies & Gentlemen,

I am writing this to announce the exciting news of my new venture – Mobile BroadBand Ventures - With this company I plan on exploring new and exciting opportunities for my investors with Spectrum. As some of you may or may not know I had the opportunity to participate in the Investors’ Meeting the weekend of February 24th. I very much enjoyed listening to the presentations, learning more about Smartcomm & Preferred Spectrum Investments, LLC (“PSI”).

In January 2010 Pendleton Waugh, Smartcomm, LLC’s President, introduced me to Spectrum Basics and Mobile Broadband-related investment opportunities. I since have devoted considerable time to learning more about them. Pendleton also introduced me to Bart Caso at Smartcomm, LLC’s Fort Lauderdale Investors’ Meeting. Since that time I have attended the International CTIA Wireless Convention in Orlando Florida and the NAB (National Association of Broadcasters) in Las Vegas, Nevada where I had the opportunity to speak with our FCC Chairman Juliues Genachowski. I have also spent several hours reading and learning about different Broadband related opportunities
.
Pendleton Waugh saw certain strengths and weaknesses in Bart and myself and that by working together we could create a successful team approach to sell PSI’s Class C Units of Membership Interest offering and other Mobile Broadband-related investment opportunities thru Smartcomm, In late January Bart and I reached an agreement pursuant to which I would assist his sales efforts as a consultant. I subsequently executed a Consulting Agreement both with respect to Smartcomm’s 800 MHz License Applications and PSI’s Class C Units offering. Bart and I then forged ahead on a number of projects that I believe would have provided PSI a major sales increase this year. For six weeks, I assisted Bart by contacting clients and individuals with whom he had previously communicated, scheduling conference calls and online webinars.
Unfortunately, Bart chose not to continue our business relationship. As some of you are aware, I was contacted by Pendleton Waugh the morning of February 27 to inform me that Bart was no longer interested in working with me. My understanding is that this information had been expressed by Bart to Dana Amato, Smartcomm’s Sales Manager and Michael Judy.

I had hoped to continue to sell Smartcomm’s sponsored Mobile Broadband-related investments opportunities including, but not limited to, PSI’s Class C Units offering to other individuals I knew. Smartcomm & PSI took the position that they did not want me working with them and did not execute the Consultant Agreements that I had provided them. After 6 weeks of my time and my own travel expense to Ft. Lauderdale to work with Bart Caso, along with the time I had spent learning about Spectrum and the products – I was put in the position of having to walk away from what I had earned.
The situation thou opened a door for me that took me to the CTIA & NAB conventions – and now I am excited to also share with you the formation of my new company Mobile BroadBand Ventures!
You may ask why I am announcing it to ya’ll first. Since I became associated with Smartcomm & PSI – I have been treated unprofessional and with disrespect. I have had my Facebook Pages, my Twitter accounts – Gmail – Aol accounts hacked, along with several other situations. I believe Smartcomm & PSI employees to be involved in these actions. I have collected the evidence needed to not accuse but, to let you know when I sit down with authorities (FBI & Police) the first place they will show up is the offices of Smartcomm & PSI. Facebook, Google, AOL & Twitter are watching my accounts – they don’t look favorable to having their security hacked. To this point I have been gathering all the information I need to take action instead of turning the other cheek as I have been doing. Once my company is up and running - I will not tolerate this type of illegal - unprofessional behavior as I would believe neither would any of you.
An example you may want to look at is the White Pages that were unfairly done in regard to Pendleton Waugh & Smartcomm. These people didn’t put a name and phone number to it. I am putting my name and phone number right out here for any of you to call me and ask me any questions you may have about this.
I write this in hope that this ends the unprofessional behavior that Smartcomm & PSI employees have portrayed. There is enough business for everyone out there. Again I am not accusing nor am I threatening Smartcomm & PSI – this is an opportunity to prevent further scrutiny regarding a situation that could hurt your company and your investors.

I only wish Smartcomm & PSI the best – I wish all of us much success. But, I want it to be completely understood – I am not threatening or am I accusing anyone of anything – But, I want to make it quite clear with no misunderstanding I will do whatever it takes to get the invasion of my Personal & Business life halted, as I believe any of you would do in a similar situation.

Any questions you may have please contact me at 703-623-9655 (you can also text me). I would love to give you an e-mail address – But, someone else is getting those.

Again, please feel free to call me with any questions. I pray this takes care of the situation and we all prosper!

Warmly,

Janice Wolk Greandier

Janice Wolk Grenadier
Mobile BroadBand Ventures!!

The have chosen not to get out of my life - out of my Email - Computers - Facebook - Twitter - Blackberry - Iphone - ipad - Be very careful of Carole - Shannon - Jeff Downs

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