Alvin Donovan describes himself as follows: Managing Director Equity Partners Fund SPC, bestselling author, hedge fund industry pioneer, completed several billion dollars transactions, consultant to fortune 500 companies, faculty member most of the world's largest management institutes, raised over USD$1.5 billion for funds.
Mr. Donovans motto is Lead, follow, or get out of the way
For over two years Mr Donovan has been spamming members on the finance related groups of Linked-in with press releases about the fund raising activities of his offshore fund, Equity Partners SPC, in addition to his joint venture with a Chinese bank.
Equity Partners Fund SPC, with offices in Singapore and the Cayman Islands, writes on its web site that it provides fast, efficient and inexpensive access to equity capital. We have commitments for funding on many exchanges including Frankfurt, Johannesburg and Sydney.
I was curious as to why a fund manager would choose to set up in the Cayman Islands, have no apparent source of capital, then proceed to announce huge deals... Upon close review of the related press releases, their content appears to be complete non-sense. To anyone who has had any kind of legitimate securities training, these supposed transactions look like a bad joke. The announcements typically refer to large amounts, however when you examine closer, there never appears to actually be any funds changing hands. This method of operation is typical to give cover for some advance-fee type of scam, as appears to be the case here.
For example, in February of Equity Partners Fund SPC announced that is was funding BioJet International Ltd. (of Barbados, Santa Barbara, Monterey, London, Zurich, Buenos Aires, etc) to the tune of $1.2 billion (www.biojetcorp.com) and they are going to use our funding to take over and/or JV with ebitda positive energy and alternative energy companies internationally. Etc., etc There is no evidence that any actual cash ever changed hands in this supposedly funded deal, other than perhaps up-front fees.in response to an inquiry, in January of the Companys Director of Corporate Development wrote me indicated that the Company was still at the pre-revenue stage and was currently looking to raise some money. If they were looking to raise money, then an obvious question is what became of the supposed $1.2 billion in funding from Equity Partners SPC???
I would like to commend the writer of the investigative
journalist report, published by the Cootamundra Herald: http://www.cootamundraherald.com.Au/news/national/national/general/the-guru-who-surfs-the-web-to-make-a-fast-buck/2475950. Aspx? Storypage=4 The Guru who Surfs-The Web To Make A Fast Buck
Finally, this sociopathic fraud has been exposed.
There is a reason to be skeptical offshore brokers, deal makers and promotions involving grand schemes that are conducted solely via the Internet: the principals may not be registered anywhere and are probably skirting securities
laws that would apply "onshore"...
It looks like the sucker company involved in one of Mr Donovans non-existent deals, as mining company, actually decided to raise a stink.
On Linked-in, Mr Donovan has just recently changed his position description to Investigative journalist for a Singapore newspaper. It appears that the leopard is attempting to change its spots once again. Lead, follow or get out of the way, eh?
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