Last summer Tim Burroughs contacted me about an offer to buy my interest in his non performing Hagensport Venture. I invested $32,500 in April after being assured by his sales agent Dan Branson that this venture would break even in about 9 months.By September I had received about 6,150. $26,350 from breaking even. Tim Burroughs assured me that he had a great offer for the venture and I would recover my initial investment. Looking at the dismal performance I agreed to sell. I was sent a check for $11,776.36 That was $20,723.64 less than I had been promised by Tim Burroughs for my authorization to sell. I still haven't received a 2008 K1 for the venture which has prevented me from filing my 2008 income tax. I believe that Tim Burroughs is responsible for the 2008 K1. With his track record I think I'll submit my 1040 without the K1
0 comments