Tim Burroughs Gulftex Operating, Inc./TBX Resources
Was lied to about amount of compensation for my investment to gain my authorization to sell

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

Company: Tim Burroughs Gulftex Operating, Inc./TBX Resources
Country: USA
State: Texas
City: Dallas
Address: 3030 LBJ Freeway, Suite 1320
Phone: 8006062610

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