Complaint Review: David Kaup

Drew Hernandez had his own company called Phoenix Lending where he committed the same fraud that David Richard Kaup did with Lunden Investments and other companies that David later set up. In fact, drew used the same law firm as David Kaup when Drew filed for Chapter 7 to avoid paying back his investors. This group of bad apples doesn't fall to far from the Scam tree. It's simple Drew Hernandez is related to Lisa Hernandez, who is married to David Kaup, now known as Lisa Kaup. Drew will try to defend his name and delicately protect David's as well. They're all family and David bought some nice cars for Lisa with the stolen money. Wonder what the brother n law Drew got?

As for Drew's comments to the innocence of Joe Sinegal, well that's just garbage. Joe Sinegal has his own company set up promising the same scam as David & Drew. So there's a connection between what they all do. The most damaging input from Joe Sinegal is that he was given as a reference for the success of the non-recourse loan and stated he received funding and was successful. Turns out to all be lies...so he is not so innocent as claimed. To lie for others makes you just as guilty of the crimes committed since investors relied on his statements!

Drew Hernandez and David Kaup are listed on the internet's blacklist reports and associated with scams. Use this public info for your protection from these crooks...I only wish it was available before I was ripped off. While they avoid justice and hide from their scammed investors, they should at least have to live with the public warnings on the internet linked to their names. They are just examples of rookies in the same capacity of Bernie Madof. Be warned...these boys don't deserve a second chance to scam more people out of their hard earned money.

Try this

Nine Four Nine   Five Zero Two   Two Two Seven Four.

I am waiting for you to discuss working together to try to come to a means to an end and clear my name and also try to help you.

Chris

Chris,

Would you be so kind as to give me a call. I was a victim of David. I am not upset at you at all as I do not even know who you are.  I just would love you help and can help clear your name with my ties. (((Redacted)))

Greetings to everyone reading this post.  My name is Drew Hernandez and I worked with David Kaup, Chris Kifaya, Robert Miller.  Joe Senecal was not even involved in David's transactions and should not even be mentioned here.  I know him and he is of the highest character from my experience with him as are Chris and Robert. 

What I can tell you about my experience with Lunden investments is that David Kaup should have never done what he did.  I'm not sure whether he believed he could perform as he agreed or truly intended to "rip off" people, however I can tell you in retrospect, that he not only lied to his clients, but he lied to his employees as well and Chris Kifaya, Robert Miller or myself should not be lumped into the same category as David Kaup. 

David Kaup consistently maintained that he was in the process of securing and monetizing SBLC's to perform the funding.  We all recieved information from David about how the process worked, time tables, etc.  But he never let us verify anything he did.  He would not let anyone speak to his sources, verify what he was saying or give us solid updates.  None of us had any realization that David was using the funds to trade the FOREX market where there was the potential for loss.  This information only came out as a result of the BK.  Chris Kifaya, Robert Miller as well as myself were outlining the information to our clients as it was presented to us by David Kaup.  That's like blaming a car salesman for selling you a car that has a manufacturers defect.  The fact is we all relied on David Kaup and Lunden investments to perform as agreed.  We expected to be compensated upon the successful funding of the project holders we brought in, and we were all disappointed by the delays and lies. We only found out about the BK after the paperwork had been filed with the court.  There was no collution between David and any of the employees.  The only thing Chris Kifaya, Robert Miller and myself are culpable for is bad character judgment and the willingness to believe that these transactions were going to happen.  This I believe we have in common with several investors.  

It seems to me that whoever wrote this report did not really know what was going on at Lunden Investments, nor the relationship between David and his employees.  But I would like to clear the record for the employees at Lunden investments who were also sucked into this disaterous situation.     

My name is Chris Kifaya and this is my official response to me being named as a fraudster on this website and any other site(s) relating to Lunden Investments and David Kaup:

I request since you are using my name in this website that you post this response in its unmodified entirety on this site so people can have both sides of the story.

I never ripped anyone off.

David Kaup is a dirtbag and if I see him.......

In Feb or so..I was hired to bring investors into Lunden Investments to do the SBLC and Letter of Credit financing....which I was told like many people...even today...that it was a real business. I had lunch with clients of his that had gone through the process and were very excited about the company.

I did my dillegence on this industry and realized it seemed legit. If you research it there are hundreds of sites that claim to do this same this.

David Kaup himself told me how it supposedly worked and he sold me on the dream much like all the investors.

The ONLY PERSON that I brought to David Kaup and Lunden was ONE gentleman. He transfered $250,000 to David in March 08 and David TRIED to rip him off. In Nov 08 I got ALL of his money back. In fact I am the only salesman WHO GOT any of the investor money back.

 I can even put you in touch with him ( the client) to verify this information.

Now, if I were ripping off people why would I get them their money back?

I would have taken it all and let him sue me to get it back....just like Dave did. I would have bought a car, 2 cars even, and a million dollar house....just like Dave did.... I would have stayed in the B.S. business of SBLC MTN TRADE PLATFORMS ECT and created two new business' to continue my scheme.....just like Dave did....

I AM NOT A SCAM ARTIST.

I got mixed up with thieves, so am I now a thief?

I don't think so.....

 I pride myself to do honest business and have no intentions to defraud people out of money.

 I'll admit however I got in way over my head. I had the dreams and the potential of retirement and wealth sold to me by a man who bilked investors out of 2-4M+.

I am sure the person who put up this website and is defaming my name was also sold the dream, but unlike MY investor, he didnt get his money back.

Too bad pal, Too bad you didn't have Chris Kifaya on your side. You JUST MIGHT HAVE gotten your money back.

 I'm sorry.

So I request you take my name off the site and anything else you put up. I never took any investor money. Period.

I am a good person.

I haven't been in this business since Nov 2008. By the way for the record. I handled this one deal from Mar 08-Nov-08 nothing more. If this was to be real then great, if it was to be a scam then I would get the guys money back and move on and I DID JUST THAT!!!

My only goal was once I realized I was involved in a scam, created and headed by Mr. David Kaup, fraudster extrordinaire, was to get my investor his money back , and I DID. ALL OF IT.

I REALIZED THEN AND EVEN NOW JUST HOW LUCKY I WAS AND HOW LUCKY HE WAS TO GET HIS MONEY BACK.

I was done then  I am still done now.

This was proof enought that this industry was B.S.

 I guess there is no pot of gold at the end of the rainbow....partly because rainbows never end and also because people have to work hard for their money.

Thank you,

Since I was asked by ripoff report not to sign or list my phone number or email address for contact by whomever put this online, I have already emailed you at the email address you included on the other website of with the same name as Mr. David Kaups name. I hope you respond to me and disclose who exactly you are......so we may clear up this misunderstanding.