All Forum Posts by: Account Closed

@Forest Yes his staff has been communicating with investors including me regarding the fund for the past couple of months.

@Melanie P.: it would be great to connect over DM and get your perspective Melanie. I would really appreciate it. These guys have not provided us with a single official report of what's in the fund and how it's doing besides jsut saying we're stopping distributions and this is a 5 year play now. It's serious negligence. We'd love to find a way to fight back.

@Chris Seveney hey sir, no outcome on this, I keep asking them for any records of the fund, what it is invested in, and they keep stonewalling me telling me "oh the accountants are working on it."  The whole operations stinks to high heaven.  I got a guy on the phone and he basically blanked me saying oh this is a 5 year play now, nobody is seeing their money or any distributions before 4 to 5 years, so yeah, basically we have no options here besides just wait.  Can't even seek any legal action because I have no facts - they won't release any information on what's going on with the fund.  

Thank you.  Yes in hindsight the incompetence was so glaringly obvious, I'm just mad at myself I gambled my life savings with this guy.  I took a "tip" from a friend who had had some success with this guy when times were good.  Always do your own due diligence is my lesson

They gave me minimal paperwork, the whole thing reeked of a scam, I was just too stupid to catch it

Agreed, Lane basically sweet-talked me into this thing saying it was the 'safest play' out there and an easy 10% and I fell for his b.s.   Now they won't even return my emails or calls.  In the past at least they were promising to provide more details about the properties the funds were in, but they've gone completely dark

Has anyone else invested with this guy?  I got roped into this PEP fund he was advertising by a friend who had invested with him before.  The fund was advertised as a boring "preferred equity" fund that pays 10% a year (or something along those lines).  So I took money I was saving for a down payment and went in with this guy.  They sent out an email last Friday saying they are stopping distributions.  The email was replete with grammatical and spelling mistakes too for added professionalism.  Plus they sent out late Friday afternoon which always spells "disaster."  Anyone familiar with this?  Now they won't respond to my emails or calls of course.  Lane sent out a form email which he probably sends out to all his investors.  Can't believe I fell for this.  The email advertising this deal literally has a "pyramid" drawing in it.