In October I delivered a check to Shaun Finlinson who is a Co-Founder and Managing Partner of Tibble Fork, LLC. This check was in the amount of $30,000. I was told that current investors in the fund were receiving monthly checks at a rate of 12% - 17% of their investment for an annual return of 144% and 170%. I was rushed to get the money in to Tibble Fork as I was told by Shaun Finlinson that through a K1 I would be able to write off over $20,000 and not have to pay taxes on that amount for the year 2009. I put the money together as quickly as possible and sent the check to Tibble Fork.
I was told I would receive a "certificate of ownership" after sending the money and begin collecting my monthly "oil production" checks. I received no money for five months in return. Furthermore, I received no "certificate of ownership" but instead received a PPM that I did not see until six months after my $30,000 check was cashed with Tibble Fork.
I gave over all my savings to Tibble Fork trusting the Co-Founder and Managing Partner of Tibble Fork, LLC. I have been receiving between $100 and $150 in monthly "oil production" checks. I have never signed a PPM or any other documents. Tibble Fork sent me shortly before Christmas 2011 a new PPM and a letter stating I had to sign acknowledging to either sell my portion in ownership or turn it over to a new equity fund. The letter of expiration had already passed. After informing Gary Neumann of this, he sent a new letter giving me a week to comply. I did not sign the letter and shortly after received an email stating that my ownership in the fund will be sold for $52,000 at the end of January. Two weeks later, Gary Neumann the Managing Partner of the fund, then emailed me back stating it was a type-o and that I would be receiving $5,200.
The managing partners have been fraudulent in their activities, deceptive, non responsive, and misrepresented my investment. Certainly I was naive in trusting money to a friend. Friendship clouds judgement as it did here in this case. Tibble Fork, Shaun Finlinson, and Gary Neumann have committed fraudulent activities in convincing me to invest initially, lied numerous times in returning the money, changing the amounts of ownership and money, and requesting I sign different PPMs post investment.
I never authorized my $30,000 to be sold for $5,200 and seek a return of all monies initially invested.
0 comments