Coming to a Court Near You!
There are several of us that have lost our money due to misleading advertising and scam practices. Mr. Steven J. Muehler is now running his business under a different name: http://lainvestmentbanc.com/
From the State of Minnesota Corporate office: "A check of our records does not show any licensing for either. Additionally, the Minnesota Secretary of State has no record that SJM filed with that office as a corporation. According to the information provided, SJM is a North Dakota corporation, however, in checking the ND Secretary of State website, it appears that they have filed it as a trade name. See below:
Sjm investments and capital
trade name
1. System ID: 23689500
2. Status: Active
3. Original File Date: 08/06 Phone: (651) 274-6860
Nature of business
commercial & investment banking
owners
mule hair worldwide entertainment, inc. 76 7th ave s wahpeton, nd 58075-4923
The company is in the business of helping small start-up companies raised equity through 'private placement memorandum', under the SEC regulation D 56.
Here's what other clients and/or individuals who almost did business with him shared with us:
"I did not move forward with them. I started investigating and found that SJM is not a California companyactually SJM Investments is not a company at all, it's a registered trade name of a company in North Dakota. The North Dakota company is not in good standing and is completely unrelated to investments.
Additionally they also requested $2700 advance fees and our company will not pay advance fees."
Another comment from one of his clients: "... From what I understand, July 7th (I believe is the date) is when they send out all the packets (yours and mine included). Then they raise the financing they are trying to raise 60 Mil, for 30 Mil of projects and after those first 30 Mil worth are funded, they put together a board from the investors (of the 60mil) and decide where to spend the othr 30 on a case by case basis. My understanding of it is that they only send out the packets twice a year rather than sending them out one at a time.
So according to that explaination, you and I ought to be funded at the same time."
Another email from a mortgage broker: "Read the Mortgage Grapevine thread after googling SJM. I am a direct lender and received a package by email from SJM requesting funding for a client that raised a few flags for me so I thought I'd Google him to see if anything showed up. Ended up reading your post. It appeared to me that he is posting under several alias as the responses seemed to be canned.
His site is blank now but I couldn't find much else on him other than the ghost pages of his previous web site. Any luck in tracking this down? Just curious now on my part as we try and understand our brokers along with their loan submissions."
The list goes on and on. We (several scammed victims) have compiled all of the emails received from Mr. Steven J. Muehler. We have shared them with several states now.
HE HAS OPERATED UNDER THESE COMPANY NAMES:
1-SJM INVESTMENTS AND CAPITAL
2-LA Investment Capitals or LA Investment Banc
3- sjmtechnologyequities
4- L.A.investment Capital Real Estate Fund I
5-SJM Real Estate Equities Fund, LLC, A Nevada Limited Liability Corporation
6-LA Investment Capital Real Estate Fund II
7-Western Land & Water, LLC (State of California, and is registered as doing business in Los Angeles County, California)
8-LA Investment Capital ECO Fund I, LLC
... And others... Only used to scam people out of money.
We have reported all of the fraudulent scams and cheating to the Attorney Generals in CA and in NV. We also filed complaints with the MAJOR FRAUD DIVISION of the District Attorney in Los Angeles and in Las Vegas.
Recently, The State of Minnesota Dept. Of Commerce issued a 'CEASE AND DESIST ORDER' to Steven Muehler and SJM Investments and Capital.
The following violations were acknowledge:
- Steven Muehler offered and sold unregistered securities in the state of Minnesota without a license or registration.
- Steven Muehler engaged in fraudulent and deceptive practices by failing to return advance fees that were obtained from their clients under the premise that the fees were refundable.
- Steven Muehler failed to respond to the State of Minnesota request to provide them a ORS (production of documents and report of sales).
Investors beware!
'due your due diligence'
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