Two years ago, after the death of my fiance who was a partner in Wellington-Cabot, Inc., an importer/retailer of gems/jewelry, one of the remaining two partners, Ivan Anderson, called me and
"invited" me to invest in their company at a "discount, " purchasing some of my deceased fiance's units in the company. At a time when I was most vulnerable, he convinced me through greatly exaggerated claims to place $40,000 cash in Wellington-Cabot, Inc.
After a couple of months, the claimed estimated profit projections became more inflated ($6,000-$10,000/month in dividends) and I was encouraged to purchase more units. Since I had no more cash assets to invest, I was encouraged to place it on my credit cards in two installments of approximately $50,000 each (total investment approximately $140,000). I was told not to be concerned about this arrangement as I would have the credit cards paid off very shortly with the extraordinary dividends.
The dividends never materialized and after almost two years I've been financially devastated by this investment, having incurred approximately $35,000 in interest charges alone. I have repeatedly begged and pleaded for the return of my money based on their false promises, the uncertainty of just what my money was spent on, the questionable sale of my deceased fiance's units which should have gone to his two sons as part of his estate, placing an investment on credit cards as I was not a "qualified" investor, questionable claims as to a family mine in Brazil where the gemstones were being imported from, violation of "blue sky" laws, potential mail fraud and repeated lies and misleading statements as to a suggested pay-back which has yet to be seen.
A partial payment was made in the amount of $20,000; however, this was used up several months ago in simply making payments on the credit cards.
I've gone through savings, stocks and my mother's (now deceased) generous monetary gifts in an attempt to keep my head above water which was made even more difficult due to my being laid off my job after 26 years.
Despite my imminent bankruptcy, I get no satisfactory answers as to any intention of reimbursement of my money. I've had to retain an attorney to assist which still has not yielded any results due in part to the crooked, unethical attorney acting on behalf of Ivan Anderson, James Davidson, Davidson & Associates, in Costa Mesa, California. Beware of him as well. I have good reason to believe that he has encouraged his client, Ivan Anderson, to ignore my pleas and deliberately walk away from Wellington-Cabot's responsibility to me.
On numerous occasions he attempted to assure me that they would be in touch with me to set up a pay schedule, but nothing was followed through on.in fact, on one occasion, a conference call took place including James Davidson and Ivan Anderson which was premised on assurances that it would be a meeting to schedule a pay-back arrangement.instead, it turned into an interrogation wherein James Davidson attempted to manipulate me into making false statements against an ex-employee at Wellington-Cabot which I refused to do. Nothing more was mentioned about a pay-back after that.
Ivan mentioned in the phone conversation something about "help us out here." This attorney is guilty of conspiracy to commit fraud, coercion, deception, issuing false and misleading statements, bribery, malicious intent, obstruction of justice, collusion, etc. I am cross-referencing this with a separate entry relative to attorney James Davidson.
These men are despicable in their respective businesses. They do not think twice about de-frauding someone and walking away without any conscience whatsoever about the damage they've done and the lives they've ruined while they continue to live their elaborate lifestyles at the expense of those they've ripped off.
Do not buy jewelry on-line from JCK Jewelers or purchase from their catalogs or retail store as a means of boycott. Do not call upon attorney James Davidson, Davidson & Associates, for legal services. He is extremely unethical in his practices and not to be trusted.
Bette
Edina, MN
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