Frank Sanchez and Jim Bourassa started a property flipping business called Investforclosures Financial. They solicited and accepted investor funds, but never made much, if any money. They paid out fake profits to investors from their own and other investors principal while representing the business as successful. After numerous name, address, lies, and entity changes and cycling accomplices in and out of their offices, they were finally found out.
Jim Bourassa bought himself a house and at least 2 car with investor funds, then recently declared bankruptcy and listed the investors in his bankruptcy. His house was placed in his wifes name; this strongly resembles an amateur trick to avoid having the home seized and sold to pay back the investors he stole from. Jim Bourassa is an amateur physicist who operates the Quantum AetherDynamics Institute, (www.16pi2.com, Bourassa in in the blue shirt in the right in the photo on the top), where, of course, he accepts donations.
At some point Frank Sanchez and Jim Bourassa brought in Darcey Martin, who runs D2D Cashflow Solutions at www.d2dsolutions.com, and a blog at debt2dreams.wordpress.com. We don't know how many investors she put into the scam yet, but she was heavily involved with encouraging investors not to attempt to withdraw their funds and was on the "board of directors" of ROI Mexico. She represented the company as legitimate while doing quite a bit of accounting work for Frank and Jim - 1 look at their books and she should have known better.
Frank Sanchez was the founder and top dog in this scam. He used investor funds without investor knowledge or permission to fund an expensive wedding that resulted in divorce a few months later. There is reason to believe that he still has a few million stashed over seas.
The State of Illinois has taken action against Frank and Jim:
http://www.thurstonlawpc.com/blog/isdorder.pdf
Our attorney has advised us to drop the case, as a more effective method of recovering our funds and protecting others from these persons has become apparent. Below are some online publications he has put on the web concerning this fraud.
http://investforclosuresroiscam.com/
http://thurstonlawpc.wordpress.com/2009/03/10/press-release-thurston-law-office-represents-plaintiffs-in-ponzi-scheme-class-action/
Some of us investors are involved with: http://www.ifcfraudvictims.com/
I recommend you have nothing to do with these individuals, they have caused us great harm.
3 Updates & Rebuttals
IFC Investor
Far Away,Other,
Canada
Darcey Martin: on second thought
#4Author of original report
Mon, November 02, 2009
Us investors etc. involved with this site may have been too hard on Darcey Martin. Our attorney claimed to have obtained enough emails & other evidence via subpoena to establish proof that she was heavily involved with perpetrating the fraud (before she was able to tell her side of the story in court), but, in setting up this site, we basically took his word for it.
IFC investor
Far Away,Other,
USA
address clarification
#4Author of original report
Sun, November 01, 2009
Current address listed for Investforlosures may not be correct, as they change addresses frequently, and are likely no longer operating.
IFC investor
Far Away,Other,
USA
address clarification
#4Author of original report
Sun, November 01, 2009
Current address listed for Investforlosures may not be correct, as they change addressed frequently.