Ponzi scheme?
All concerned be on watch for Lloyd Winburn, and FAMILY members - cohorts - involved with Genesis Corp, Dale Baker and Bank of Wall Street original opened in Oregon but shut down by state authorities there since it was NOT a real bank - unauthorized. See link at state of Oregon - and below.
Http://www.alabamaagainstfraud.com/Hunter/MontenegroBanks/TotalOnlineBank.htm
He apparently moved bank entity to Belize where Winburns offshore companies controlled, and continued to solicit unsuspecting investors/depositors as well as a Mexico REIT where interest rates of 17% are stated. Winburn advocates the use of his companies for investments, gold, silver, real estate, bank accounts and offshore IBCs he established.
Winburn and family members (Jennifer de Lima, Craig de Lima) also has a web site www.liveinmexico.com where they push the sale of the REITS and lots in Mexico.
This is where I first began my conversations with Winburn and became suspicious when he continually wanted me to send money even though I had never seen property etc!
I investigated further on Internet and went to several state and government web sites that clearly showed Winburn has pattern of deception, deceit, and soliciting money from unsuspecting individuals. Winburn fled from the justice department and was apprehended in Mexico and deported to USA., lead by US Attorney Vincent.
See and read below link in its entirety, and visits IRS web site (Winburn was convicted of Tax fraud, establishing bogus trusts and taking peoples money and spent 5 years in Danville, Correctional facility in CA) see www.trea. Gov/irs/ci.
Additionally, I came across a current Nevada law suit in Clark County case # A557096 dept XV - brought by group of previous investors which alleges Winburn and family took advantage of them and received and never returned over $350,000.00 of investors money!
Winburn took this groups money and opened a bank named - www.TotalonlineBank.com in Montenegro - see link - http://web. Archive.org/web0824191900/http://www.genesisacceptcorp.com/aboutus.htmhttp://www.alabamaagainstfraud.com/Hunter/MontenegroBanks/TotalOnlineBank.htm for more information.
He never returned money and now he and his cohorts are being sued by investors, in USA, State if Nevada.
This all sounds very similar to the current Madoff and Stanford cases. Where high rates of return were promised and investors and families were taken advantage of by offshore entities.
Also Winburn and cohorts were issued a Stop order by CANADAS SEC in May 1993 by Canadas Chairman of SEC -Macel de la Gongendjere. It appears offshore Belize entities were used here as well. See link-http://www.sfsc. Gov. Sk.ca/ssc/files/enforcementorders/1993_enf/temporary/winburnlloydr (temp) may14-93. Pdf
It appears Lloyd Winburn and family members are highly skilled in this deceptive, behavior and bogus investment actions. He uses multiple web sites to promote his overall scheme - http://www.offshorebiz.com/07/belize-offshore-bank-faq.html
Http://www.petitiononline.com/papa7272/petition.html
Http://www.urbandictionary.com/define.php? Term=our front
Http://www.paracletefoundation.org/contact_us.htm
Http://www.meritcreditrepair.com/contactus.htm
I would suggest all individuals seeking areas to invest in STAY AWAY from anything Winburn his family members and his cohorts are involved with!
Sincerely, Concerned Investo
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