Complaint / Review
Alvin Donovan and Equity Partners Fund
Alvin Donovan, Equity Partners Fund Alvin Donovan Equity Partners Fund Scam / Fraud, Fail to Fund

Http://www.canberratimes.com.Au/business/paid-15000-got-nothing0305-1ubzj.html? Skin=text-only

JACQUES BLANDIN, chief executive of Perth IT company Firmware Technologies Inc, was introduced to Alvin Donovan in July.

Blandin and a legal counsel flew to the Gold Coast to meet Donovan to discuss a special private placement of 25 million, a non-bank transaction that involved allotting shares to Donovan's company.'Donovan claimed EPF [Equity Partners Fund] had $US3 billion in his company to invest, ' Blandin says.'He was happy to extend to us an equity line over a three-year period.'

Funds would be available if Blandin signed over shares of Firmware for each drawdown. Blandin says he paid Donovan $US15,000 for a 'document preparation fee' to start the ball rolling. He never saw a cent of the drawdown when he needed it.

'Effectively, EPF sells your own stock and gives you your own money back, ' Blandin says.'If you ask for financials to EPF, there won't be any.'

... Wonder how many lawsuits and litigation have been filed against Alvin Donovan and Equity Partners fund for this fraudulent scam...