ARC Investment Partners, LLC Adam Roseman, ARC China, Jeffrey Dash, Michael Kurdziel Adam Roseman, Jeffrey Dash, ARC Investment Partners and ARC China Fraud Shanghai, Other
In early 2008, I was solicited by Adam Roseman the CEO of ARC Investment Partners to invest in one of his reverse merger stocks, Legend Media, LEGE.OB, at $5 a share. He told me that it was a great company in the China radio advertising market and run by a very competent business man, Jeffrey Dash. I bought the stock and it dropped like a rock and now sells for 20 cents.
In July 2008, Roseman and Dash are touting Lengend Media on Fox Bisiness News; by December the stock was at 50 cents. Here is a link to the interview: http://video.foxbusiness.com/v/3874863/?playlist_id
Around the same time, Roseman called me to invest in another one of his reverse merger stocks, Perfect Energy, PFGY.OB, at $7 a share. I bought the stock. It now trades at 21 cents.
In 2007 Roseman had recommended I buy another stock he brought to market, Pure Bio Fuels, PBOF.OB, at $1.25 a share. Today, this stock is at 8 cents. Later, after doing some research, I found out that every stock Roseman and ARC Investment Partners brought to market became virtually worthless. Roseman brought Stratos Renewable Corp., SRNW.OB, to market through a reverse merger in the beginning of 2008 at $1.60 a share; today this stock is at 2 cents. Roseman brought out China Energy Recovery, CGYV.OB, at $12 a share; now this stock is at 60 cents. Everyone of Rosemans stocks have dropped by over 95% from the original offering price.
Here is a link to Edgar, showing all of Roseman's stocks: http://yahoo.brand.edgar-online.com/PeopleFilingResults.aspx?PersonID=4203237&PersonName=ADAMROSEMAN
In all these deals, Roseman and his ARC Investment Partners professionals, Michael Kurdziel, Steven Magami and Jeffrey Dash, made millions, while all his investors were stuck with worthless investments and lost millions. I invested $140,000 with Roseman and lost over $120,000.
Doing a little more research, I found out that Roseman, Jeffrey Dash, and ARC Investment Partners have all been named as major defendants for fraud and breach of fiduciary duty in United States Bankruptcy Court by the Liquidating Trustee to defraud investors out of a $200 million company, Xyience Incorporated.
The Liquidating Trustee alleges that Roseman entered into a conspiracy with Rosemans business partner Patrick Brauckmann, his friend Jeffrey Dash, who was Xyience CFO at the time, and Xyience Director Adam Frank, to defraud Xyience creditors and stockholders.
Here is the link to the fraud complaint filed in the U.S. Bankruptcy Court: http://www.jdsupra.com/post/documentViewer.aspx?fid=4abf4de0-48ee-43c4-8297-b77da8b0d0db
After reading the Trustee complaint, I realized that Roseman had made Jeffrey Dash the CEO of Legend Media, then recommended Legend Media stock to me, after they had defrauded the Xyience investors.
To add insult to injury, Roseman has formed a new investment company, ARC China. He is soliciting more unsuspecting people to put their money into his scam investments. Incredibly, Legend Media, China Energy Recovery and Perfect Energy are three stocks that ARC China recommends.
Roseman puts out press releases that he is a big philanthropist, donating money to many worthy causes. Yes, money from me and all the other people he has defrauded. Adam Roseman is no philanthropist, he is a cheap conman who has stolen millions from unsuspecting people.
2 Updates & Rebuttals
Shawn Miller
Las Vegas,Nevada,
United States of America
Adam Roseman is a Fraud and Con Artist
#3Consumer Comment
Sun, April 25, 2010
I happen to know Adam Roseman very well. Adam Roseman is not interested in building businesses. He is interested in stealing from people and trying to get laid by impressing very young girls that he is somebody.
Adam Roseman is a con man, plain and simple. Ask him for references of any company or entrepreneur he has actually helped. The answer is he can't because there aren't any.
Adam is actually fairly bright. He uses his charity and political involvement to try to look important and act like he cares about people. It is all a front to help his cons.
Never, ever trust Adam Roseman. He will do to you what he does to everyone, steal from you.
Adam Roseman belongs in prison and hopefully with the investigations currently in the works, it will happen soon.
Invest Worldwide
United States of AmericaRebuttal to ARC Ripoff Comments
#3Consumer Suggestion
Fri, April 16, 2010
Knowing ARC members and the business well, I'd like to offer my experience and opinions of the company, its people, and the subjective posting here on Ripoff Report:
1) ARCs investments that I am aware of have been up very substantially and remain up substantially.
2) Posting person is posting factually wrong information and the person is obviously connected to the frivolous Xyience bankruptcy that has filed over 40 lawsuits and is likely attempting to bash . If you read ARCs response to this frivolous lawsuit, you will see that they never received any shares or compensation from this company and brought in over $6mm into the business in 2 months when it was over $30mm in debt and nearly bankrupt already at that time and tried to turn it around unsuccessfully.
3) If you listen to the Legend Media news story that this person posted, Mr. Roseman does not state once to buy the stock.
4) These individuals they state did not make millions on this transactions and, in fact, lost money on many of these.
5) This person obviously intentionally omitted all of ARCs successful transactions, as any consulting firm or investment firm has winners and losers.
6) This person was never marketed to buy PFGY by ARC, as all of Mr. Rosemans holdings as a Director are reported and have not been sold.
7) Did not do the reverse merger on PBOF, SRNW or PFGY, which this poster says was done and the shares of SRNW and PFGY have never traded any volume at high prices. Mr. Roseman served on the Board of PBOF and PFGY, but did not own the shells and still reports all his holdings in PFGY and has not sold shares and hardly owns any. By the time he stepped off the Board of PBOF in April 2008 when he would have been able to sell shares, the stock was at $0.24, as the entire solar and biofuels markets collapsed.
8) Comments about being promoted to buy stock at those levels is false.
9) The person is obviously connected to the frivolous Xyience bankruptcy that has filed over 40 lawsuits.
10) If you read the public filings, CGYV was financed at $2.16/share with ARCs participation in April 2008, not $12.00 as the poster states. The first day it traded, September 9, 2008, it had a closing price of $3.10, just before the financial crisis imploded. http://finance.yahoo.com/q/hp?s=CGYV.OB&a=00&b=9&c=2008&d=03&e=16&f=2009&g=d&z=66&y=132.
11) Patrick Brauckmann is not ARCs partner and you would see that ARC actually sued Mr. Brauckmann in Nevada Court.