Newport Coast Capital Corp. Was TCI Corp who was attacked by the FTC so they went under. Then the owner Tim Cho opened Newport Coast Capital Corp. And then Newport Coast Entertainment.
He has always done day trading, through brokers as he is not licensed. He is now raising money for movie production company offering a 35% guaranteed and bonded return in 12 months or less. The problem is he did not register this as a security and has been selling it as one and without license. The amount of the return has been dropped to 25% which is still illegal and called usury. He, Cho, takes and immediate 15% out of the persons investment for a commission without disclosing that, and then passes the funds to Alliance Entertainment Group.
The CEO of that company has many names and was convicted for credit card scams on innocent people upwards of 25 Million dollars. Since he changed his Iranian name several times, no one can get an accurate search of him done. So people invest and have no idea how bad an idea that is. My experience is that Tim Cho, stole through his company and with the help of the CEO of Alliance, my whole movie investment with an expected return of 35% and the principal amount of 225K.
These two are partners in crime, and have made up many stories. They are under investigation and until that is completed, everyone beware. I am hitting them with a civil/criminal suit with damages, etc... For over a Million dollars.
These are masterminds and crooks with sheets of fraud and dishonesty. They also have no remorse, no ethics or values.
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