I was contacted by an investor in August of 2105 through a professioal website where I advertise my company’s services and experience in the real estate investment, asset management and land development professionail aasociations. | After a couple of months of email correspondence with Costica Dormitiv, Director of Crystal Land Resources, based in the Ukraine, whose website identified an international mining consortium with sufficent sophistication to qualify the investment group as a source of funding on a business acquisition I was negotiating with the Sellers of the real estate holding company business located near my business market statiscal location here in North Carolina. | Costica Dormitiv, indicated his decision to invest 11 MILLION dollars in my asset management company in exchange for a 50% interest in the profits from the liquidation of the assets owned by the real estate holding company I was negoiating to purchase at an estate sale with the estate manager and heirs to the late owner of the company at a respectable discount for purchasing all of the real estate closing assets in one transaction from the Sellers for 9 Million dollars with current market value of the real estate holdings assets of prime waterfront land of 25 Million dollars. | I entered into a Joint Venture Contract with Costica Dormitiv with Crystal Land Resources in November of 2015 as outlined above. I retained the necessary legal and accounting service professionals under signed retainer agreements to provide their expert assistance to the acquisition team administered by my Asset Management company and proceeded to work the due diligence process in preparation of closing the transaction by the end of the year 2015. | Under the structure of the Joint Venture Contract, Costica Dormitiv was supposed to supply the investment capital to cover the due diligence budget expenses submitt and approved by him for the acquisition of these valuable real estate assets. Costica Dormitiv, deputitized his Chief Financial Officer, Octavian Gallazzo, with the Lucasbron Investment Group, based in New York, to structure the payment of the investment capital to my Asset Management company to pay all upfront costs associated with the due diligence process without liability to my company. | Octavian Gallazo, with Lucasbron Group, supplied me with ACH Debit Origination Aurhorization Forms to process recurring ACH debits collections using my Asset Management company’s corporate business cash management service banking accounts, from their US based companies business checking accounts to collect 1 Million from Junior Partners located in North America under Costica Dormitivs control by a Mutual Operation Undersstanding agreement. Under direction of Costica Dormitiv first approximately $102,000.00 of the money collected was to be wired to an agency located in Calgary, Alberta, Canada, Green Investment Initiatives to pay liquidation fees for the cashing of bonds owned by Costica Dormitiv to collect the bulk of the 11 million dollor investment capital for the business acquistion as required to be paid to my asset management company under the ratified and accepted Joint Venture Contract. | Upon receipt of the ACH Debit Authorization Forms to my company provided by Lucasbron Group, Octavian Gallazzo, for processing collection of the money from the identified banking accounts indicated on the permission forms I became suspicous of the authenticity of the forms due to irregularites of the signatures on these forms,” they seemed to be signed by the same person with the same pen even though the names were different than the names identified on the forms by several different account holders at several different banks”. I initiated a verification process with the banks and bank accounts as provided because my company is liable for money collected via ACH Debit Origination for money transfered to my company’s operating account for a period of 90 days should any error occur or any debit is disputed by the businesses on these ACH debit forms and in a short amount of time found out that the authorized signatories for these checking accounts did not match the banks records and that the account names were completely different from the names provided on the forms for the identified valid bank accounts to be debited for electronic withdrawls by my company’s cash maangement service ACH Debit Module through the Treasury Management Serices associated with my corporate business checking accounts. | During the verification process of the validity of the ACH debit authorization forms, several bill invoices became due by the hired professionals to assist the acquisition team with my asset management comany having signed the retainer fee agreements in good faith of the Joint Venture Contract and proof of investment funds documents of a Saudi Arabian Royal Family’s payment to Costica Dormitiv’s, company Crystal Land Resources in sufficent amounts by submitted docuemtation provided by Octavian Gallazzo and Costica Dormitiv, to my company, to cover the investment capital requirements. My asset management company had been granted full authority for the daily operations of the acquisition with no stocks issued to Costica Dormitiv or Crystal Land Resources, as he directed to remain a silent partner in this venture and accepted an Assignment of Revenues for the net profits split percentage generated from the liquidation and sale of the valuable and prime real estate assets under contract. | I notified both the CFO Octavian Gallazzo and Costica Dormitiv that the ACH Debit Authoriazation forms were unusable and maybe fraudulent in nature. I also informed both of these men that the bill payment deadlines for retainer fee payments and expenses had passed without any investment capital money being collected from them to cover the upfront fees and expenses outlined in the due diligence budget. I requested an immediate wire transfer to cover the expenses owedto date, in the amount $287,540.00. I received no response from either of these men and the deadlines came for the retainer fees to be paid so I had to pay out of my company’s operating account the money owed to the professionals whom had worked diligently throughtout the holiday season to meet the closing deadline for the acqusition deadline for closing was by the end of the year 2015 and to prevent a halt of forward progress on the project and to maintain my compnay’s good credit worthiness. | They took some days to respond to my repeated requests for reimbursement of the costs of this transaction and then notified me that the junior investors who had supplied erroneous ACH debit authorization forms had been kicked out of their investment group and that Costica Dormitiv would cover the 1 million that was not collected from the junior partners based in the US through the worthless ACH debit forms that had I just processed through my company account without verification of authenticity then my company would have been held liable for the money received by the false paperwork. Maybe even to tthe point of my having to defend myself from criminal charges. | Again Costica Dormitiv communicated that I would need to collect money from ACH Debits to be further supplied to me by Octavian Gallazzo, his chief financial officer. By this time there is some professional friction between the parties involved because I had to go to the Sellers of the real estate holding company and ask for an extension of the closing date based on the lack of collection of the investment capital to the best of my understanding. I was successful in my appeal to the Sellers for an extension of the time ofor the closing of the business acquistion based on our long term establisshed professional relationship and local reputation where I have always preformed satisfactorially in the past. I have 30 years experience in my chosen field of profession with no compliants filed against my license which I take pride in the excellence of service and competant administration of my work. | I could go on to explain that alot of excuses were offered by Costica Dormitiv and Octavian Gallazo, if that is their real names, with taxaction exposure, board approval of the wire transfer with no quorum present to vote, etcera. Since I informed them that I would not accept any ACH Debits forms from their investment group in the future and that if they wanted to participate in the profit share then all money transfered from them had to come through direct wire transfer. Realistically, I realize now that even though the level of sophistication was impressive with the approach made to my company by this “investor”, I have accpeted the fact that this was all just an ACH Debit Orgination Scam designed to victimize the unknown true bank account holders and to leave my company with expenses that have strained my own companies operating budget. The banks that I contacted to verify the forms have notified those checking account owners of the attempt made to illegally remove money from those accounts and have taken the necessary moves to protect these innocent people. I can feel good about that for them even though the banks did not disclose the true identities of these people. | I have filed a complaint with the FBI, the Better Business Bureau’s and turned over the fraudelent documents in the hopes that this will prevent these men from stealing other peoples time and money. | Because of the strength of my business track record I have sought out a local investor “USA” whose brand name is above reproach and they are excited to fund my next project since this one has run out of time for me to preform. There are far more honorable people in this world than the international bandits who terrorize by theft from innocent victims. I have fully disclosed to the Sellers of the attempt to defraud my company by these men and have assisted them in placing this project with a competitor that is financially stronger than my company that can assist the Sellers with the settlement of the estate of a greal local leader whom I admired, in the time senistive frame the Seller needs. I have learned an expensive lesson but I am grateful that I trusted my instincts because it could have been even more devasting to my company and others.
Name: Crystal Lands Resource
Address: 73 Heroiv UPA Street