Joe Otlman of Rival Industries brings false projects to companies looking for funding. He tries to get you to give him a contract for funding these project. Then he goes to numerous banks and tries to cash in on the contract as if the project had already funded. He tries to use the contracts as proof of income. He tried this with my company and when we caught him at it he threatened lawsuits, and even physical harm to my partners and our families.
He posted many libel statements about us on this site, and you can read my response to his postings below. I can prove that his accusations are false. It has been a year since he claimed to be "having the FBI look into us" and "having his attorney's put us in jail" and we have heard nothing from and FBI agency or ANY attorney.
I just found out about this site or I would have responded a long time ago. I guess anyone can say anything they want here without any proof or any kind of repercussions.
DO NOT do business with Joe Oltman of Rival Industries. I have had to file paperwork with the Los Angeles County Sheriffs department because of his physical threats of violence.
This is my response to Joe Oltman's false accusations against my company and my name.
For the record: Antelope Valley Financial Service, inc. And Phoenix Capital Investment Group, LLC never have, and never will take up front money for any projects that we are working on acquiring financing for. I would challenge Joe Oltman to come up with proof that we did. Joe has stated that we even chose our name to try and sound like another company out of Arizona. How funny. We chose the name because Bob Russell was diagnosed with terminal pancreatic cancer 5 years ago, and came back from the brink. Just like the bird of legend, the Phoenix. We told Joe Oltman that we would look for funding for his project, that was all. We never even had an exclusive with Joe Oltman. He could have looked anywhere for the funding.
We spent countless hours putting his project together without receiving or asking for any money. That is what we do. When the project gets funded, not until then, we get paid. It has almost been a year since he accused us of Economic Espionage, Fraud, and Civil Theft. Yet no lawyers or government officials have knocked on our door or even called us to present charges. He states that he has proof that we have defrauded him. Let him present his in court, not here where he sounds like a adolescent child. He should take his proof to an attorney first though, and have them look at the whole contract. He obviously doesn't know how to read a contract. Maybe he has and that is why we haven't heard anything else about this, because there is nothing there. We originally gave him a contract because he needed something to show to his principles so he wouldn't loose his project, or so he said.
We later found out that he was the one committing fraud. He used our contract, minus the addendum which clearly states if we retain an investor for his project he will be funded, to try and acquire loans from banks. We received numerous calls from banks about this funded project. This is why he is so upset, we could not ethically tell the bank that yes, he was funded so he received no monies from the banks.
Once again, we stated in the contract that we would fund his project, if and when we found an investor that was willing to take the enormous risk his project represented. He tends to leave out that portion of the contract when it suits him.
Also, Joe Oltman is a very dangerous individual. We have heard that he is bipolar and sometimes forgets to take his medicine. When our investor, Kelly Jones, started to check out the project he decided not to fund it and put his money elsewhere Joe Oltman called our office and my cell phone 7 times. I have transferred these calls to a cassette. He threatened not only Bob Russell and I, but also our families. At one point he told us that he hopes we love our families, and to kiss them goodbye because he is going to come out to California for a visit. I have this on recording and have filed a report with the Los Angeles County Sheriffs Department.
I am sorry that Joe Oltman doesn't understand how to read a contract and could offer up any help he would require in understanding the intricacies of one. However, accusing us of these violations or crimes on this site is unwarranted.
Robert D
One other note: Joe Oltman is obviously not as astute as he thinks he is, and he is obviously operating from feeling like an adolescent that has been jilted. I feel sorry for him, but I have never been in trouble with the law as he has again, wrongly stated. He is probably using one of those search engines and my name comes up. I challenge him to bring proof to COURT on these matters. My attorney's are well prepared to take this matter up. If I had known about this site I would have responded a year ago through my attorney's. Now the point seems a little mute, but I wanted a response to these false accusations posted on this site.
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