November 12 — Back in 2007 a colleague had thrown a project package on my desk; it was of an individual that was seeking financing. What made it different from any other packages (usually construction) that he was using his Gold mining claims as collateral. The use of funds was to be applied to extracting the gold ore and brought to a refinery.
The numbers were quite large, $300,000, 000.00 was the loan amount and "get this" he was putting up $43,000, 000,000.00 of his proven reported assets.
Well I was set back; do you know what a commission this would be? I was so excited it left me with gold fever.in my search for a proper avenue to get this underway I was introduced to a company IEV CAPITAL owned by Ryan Sumstad. (He was a very "sure of himself person").
Not only did I bring one project package but had brought forward eight perfect, due dillgenced, Gold Mining companies that were seeking the same type of funding.
This is where it starts to go sideways, I know that it takes money to make money, I know that attorneys do not work for free, and underwriting gets their just fees as well. So knowing that the $25,000 to $50,000 engagement fees that Ryan Sumstad of IEV CAPITAL was requesting sounded acceptable. Hey, we are talking millions, whats a few thousand here and there. (Yeah right).
As I was putting together the project packages, for and with the Gold claim mine owners we would get periodic updates on how the funding was going. These were e-mailed updates via a few broker channels. It looked and sounded to be all on the mark. With a nice snazzy IEV website and PR on Sunstad that claimed he was a big financier, what could go wrong.
Until it just did not happen, and Ryan Sumsatd went missing.
Yes we were screwed out of hundreds of thousands of dollars. What makes it quite gut wrenching is that most of the mine owners really didnt have the engagements in the first place.
So we all had to find the engagement money to pay Ryan Sumstad of IEV Capital. Many people borrowed from friends, family, and private individuals. (I am out 20k personally, that was sent to Ryan Sumstad - and
Basically we were all screwed out of money, and this has hurt so many people and relationships, families across the board.
I should have known better, When I was first introduced to this high finance arena I was taken by one Person in Rhode Island for a total of $34,645.13. The same claims of a large payback from a false funding. Now my demands for my money back have left him with only threatening me and false credibility badgering on RIP OFF report. Now if you Google me, it is a barrage of trumped up lies.
And all I want is to be paid back.
What happened to the honest people in the world, why does everyone have to be crook?
In the almost 2 years I was involved, I did not make or take one red cent, but I sure gave out some.
Please feel free to contact me, I love to tell the truth about this issue. [email protected]
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