Blue Ridge Group of Bowling Green, KY, Under Investigation
Colt Ledger & Associates, Inc.
Investments, Due Diligence , Private Investigation
Blue Ridge Group is under investigation by Colt Ledger & Associates for alleged securities and criminal fraud.
Bowling Green, Ky. September 4, 2014. Colt Ledger & Associates, Inc. has just completed an exhaustive investigation into the oil and gas drilling programs of Blue Ridge Group of Bowling Green, Ky. The results of that investigation have been compiled into a “Research Report” backed by apparently irrefutable facts that will lay the foundation for the complaints being filed with the SEC, Secret Service, FBI, USPS, IRS, multiple State Securities, and prosecutorial agencies.
Blue Ridge Group has over 200 separate allegations against them, including but not limited to selling unregistered securities, general solicitation, wire fraud, money laundering, mail fraud, and bank fraud.
It appears that Blue Ridge, in filing the “Form D” 506 exemptions did so with full knowledge they would be furnishing “sales leads” to their telemarketing broker-dealer, Source Capital’s “boiler room”, possibly indicating a willful intent to commit premeditated securities and criminal fraud against their clients. The use of “general solicitation” means the securities were no longer exempt and were required to be registered; however, if the “Form D” had been filed, the use of “general solicitation” means the securities would no longer be exempt and would be required to be registered prior to any form of contact with a prospective client.
Blue Ridge appears to have knowingly and willfully violated basic securities regulations that led to alleged criminal activity. Blue Ridge clients have provided Colt Ledger and Associates, Inc. with sworn affidavits stating that they were “cold called, made promises of quick returns, prior to investing their money. However, after investing the money they have seen very little to no returns. Blue Ridge Group appears to have fraudulently taken almost $2.2 million from 13 clients.
Colt Ledger & Associates has filed the complaints with the proper authorities, who will now handle the complaints accordingly. The public is reminded that these complaints contains allegations only and are not evidence or claims of guilt. Everyone is presumed innocent unless proven otherwise in a legal forum.
Anyone having experience with Company, pro or con, is urged to contact Colt Ledger & Associates, Inc. coltledger.com
, possible fraud
, possible scam
, Private Investigation