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RE: Who Is Jeff Berwick? Scam Artist or Businessman?

in #tdv8 years ago (edited)

"I am the founding partner of Galt's Gulch Chile, which has never been a scam, as the same tired old storyline outlines. If GGC was a scam, I would have bought a private island years ago when GGC had millions of dollars coming in for revenues."

What revenues? You had either loans or contracts for a real estate project. GGC never had millions of revenue coming in.. Loans and payments for residential lots that were not even approved are not revenues. It was a your project, you were allegedly suppose to protect the capital invested in the project, it was far from revenues..

It is an affinity fraud. You scammed libertarians. You promised certain lot, "Founders Club" lot buyers that their purchase would be paid back in three years. Ditto with those who invest $250k in your "organic farm".. They would get paid back their investment in full plus profits from the "organic" farm.. (you would had been arrested by PDI or the Carabineros if you sold organic produced from a non certified organic farm)

https://dollarvigilante.com/storage/GGC%20Special%20Report%20-%20November%202013.pdf

Whether your intentions were good or malicious, your actions were criminal. You lost over $10 million in investors' money, not your money, not revenues, not Mario Del Real's money, Investors' money. You basically have a US $10 million plus loan that you need to repay, given you are the owner of Galt's Gulch Chile. (You should stop with the "Founding Partner" idiocy, it makes you look like a dolt, For property development companies, either you are a General Partner, Owner and CEO, or project manager)

The reason why Wendy McElroy and others went public in August 2014 with problems with GGC was because you were still hustling for new investors.

The horror stories from your mismanagement, hoarding all the money, refusing to show balance sheets, not telling investors in April 2014 you brought in the Del Real family as part of the board of trustees for GGC. You lost access to a Bank Account in Chile in January, used other people to either transferred or launder money. The imbroglio that GGC became didn't happened overnight.

You need to be in reality about your actions. There was no "millions in revenue" that went into Galt's Gulch Chile.. Even in your mind you had "millions of revenue" you had no accounting for it, no balance sheet to show to investors showing "millions in revenue" coming in, or how those "millions in revenue" was spent, like the couple of law firms you hired and fired in Chile..

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