For everyone following the Landbankers International scams, here is some updated information including another company name change to be aware of (Sierra Madre MX). As always, buyer beware.
http://www.canada.com/saskatoonstarphoe ... e4fa2f4a77
The cease trade order against them in Alberta also remains in affect for now.
http://www.albertasecurities.com/news/L ... spx?ID=499
Landbankers International Update
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- PV Beachbum
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- Joined:Sun Jun 29, 2008 10:57 pm
Landbankers Intl/Sierra Madre - Re purchase of "units&q
I was an original investor of Landbankers International and was given the option of investing in "units" after the recent problems with the Canadian Securities Commission and the "restructuring" utilizing the name of Sierra Madre Holdings. However it has been well over three months since I signed the legal documents and have not received my copy, despite repeated follow-ups. I just keep getting the runround. I find this very suspicious and was wondering if anyone else has invested in the new "plan" of purchasing "units" and if they have received their signed copies of their legal contracts. Taking over three months to return signed documents doesn't sound right, either professionally or ethically. Thanks.
Any and all cease trade orders in Canada remain fully in affect on LBI and any affiliated or renamed version of the company, and sources at the Securities Commission have said there is a possibility of criminal charges sometime in the future based on fraud - and that if they "invested" with this group they should be seeking legal advice ASAP and contacting both the Alberta and Saskatchewan Securities Commissions for more information.
Re: Landbankers Intl/Sierra Madre - Re purchase of "uni
I got mine!Mexico Sun wrote:I was an original investor of Landbankers International and was given the option of investing in "units" after the recent problems with the Canadian Securities Commission and the "restructuring" utilizing the name of Sierra Madre Holdings. However it has been well over three months since I signed the legal documents and have not received my copy, despite repeated follow-ups. I just keep getting the runround. I find this very suspicious and was wondering if anyone else has invested in the new "plan" of purchasing "units" and if they have received their signed copies of their legal contracts. Taking over three months to return signed documents doesn't sound right, either professionally or ethically. Thanks.
I too was given the option but I refused!
The salesman told me about Jack Nicklaus designing a golf course at the development... I went to look on his site and found proof!
Brisas del Pacifico
Costa Alegre, Mexico
Designer: Jack Nicklaus II (Signature) Co-Designer: none
Date of Projected Opening: TBD
Here's a copy and paste version above...Otherwise you can go to his website
http://www.nicklaus.com/design/search_u ... mit=Search
I am more worried about the US Economy going into the worse recession since the great depression than Sierra Madre Holdings being a total scam.
thesheet