Newport Hill Consortium, LLC Milton Bledsoe Irene Moore Brent Hucks Equity Capital Fraud, Debt Financing Fraud, Capital Raising Fraud Las Vegas Nevada
I am the majority shareholder and founder of a public company incorporated in Florida in 2009 titled Sports Venues of Florida, Inc. To see who we are please follow the following link to Sunbiz.org to see our corporate status; https://goo.gl/DYQGqR or to our website at: https://sportsvenuesfla.com
We are an early stage developmental company. We prepared a Private Placement Memorandum (to view follow the following link; https://goo.gl/UBaA2g. We were referred to a Nevada LLC titled Newport Hill Capital Consortium, LLC. Nevada business ID: NV20121384174. We made contact with their Front Man, Mr. Milton Bledsoe on June 5, 2017. Mr. Bledsoe can be reached at; (702)324-2329 or (516)997-4464.
In the beginning Mr. Bledsoe appeared professional and knowledgeable. He agreed our project fit with within their expertise and we agreed to submit our PPM. After a couple weeks we received written comments from their review of our documents. We made the changes they suggested and resubmitted. We repeated this process two additional times for a total of 3 revisions and we submitted version four of our PPM dated August 16, 2017 (link provided above). I should clarify that revisions 2 & 3 were made based on rather cryptic phone conversations with Mr. Bledsoe. After the first set of comments nothing else came to us in writing from Mr. Bledsoe. Although Mr. Bledsoe stated verbally on two occasions stated we were approved for Phase one funding of $2.75 million, we never received that commitment in writing.
After submitting the last revision on August 22, 2017, a document we felt met all legal requirements, feedback was scarce at best. Mr. Bledsoe failed to return calls, however he did send a text numerous times stating he would call shortly or he would call in an hour but the calls never came.
As a general rule we trust but verify all sources of potential capital. Always, if any source requests upfront fees or cash in any form we will discontinue working with that source. In the case of Newport Hill they did offer to provide us with a sub-contractor who for $26,000 would write our PPM to Newport’s standards. Since we employ our own SEC counsel we did not agree to take this step. Then without providing a Letter of Intent, Mr. Bledsoe between revision 2 & 3 called to say he received the LOI from management and he wanted to review it verbally with me first. During that call he stated we could either do another revision or they would fund the $2.75 million if we put in an additional $475,000 (of course our money needed to be wired to Newport Hill’s account). We declined.
As best we can determine, Newport Hill is not a licensed broker/dealer. Mr. Bledsoe who claims to be way down on the food chain within Newport Hill capital, apparently does not hold any type securities license. Mr. Bledsoe mentioned his bosses name was Irene Moore, however we never spoke with her and we couldn’t find out anything about her. We discovered through Nevada Corporate records the only officer is a guy named Brent Hucks of 10300 West Charleston Blvd, Suite 13-594, Las Vegas, NV 89135. It turns out that address is in a strip plaza mail box retailer. Newport Hill’s corporate contact information on their website is: Newport Hill Capital, 9101 W Sahara Ave, Suite 105-K2, Las Vegas, NV 89117 (again another strip plaza mail box retailer) Office: 888-477-3599. Here is the link to their website: http://newporthillcapital.com/
There is no question in our mind Newport Hill Capital has many nefarious activities going on. Mr. Bledsoe has broken 64 commitments he personally gave me since us meeting on June 5, 2017. These broken commitments are mostly promises to call at a specified time of which never came to be. Mr. Bledsoe appears to be the patsy front man who runs cover for the couple of principals who hide behind masks of anonymity. This group seems to get their fuel, energy if you please, from preying on the eagerness of their clients to receive funding that most likely will never come.
I have dealt with hundreds of legitimate funds over the past twenty-five years and trust me when I say, neither Mr. Bledsoe nor his employer demonstrate any of the traits of legitimate licensed professionals for which I’m accustomed to working with. Once Mr. Bledsoe does actually make contact he’s nice, polite and apologetic. However, each call brings a new set of excuses followed by terms like, “Are you tracking?” after he has explained logic passed down for him to recite that almost always makes absolutely no since whatsoever. Mr. Bledsoe is never specific which only confirms he’s in over his head and he’s been told to buy time. Mr. Bledsoe claims Newport Hill has discretionary funds but I would bet they are broke and they pray on company’s willing to fall victim to their scams.
I have filed formal complaints with the Attorney General of Nevada and the FBI internet crimes unit.
4 Updates & Rebuttals
John
SUN CITY CENTER,Florida,
United States
UPDATE: MILTON BLEDSOE of NEWPORT HILL HAS PROVEN HIMSELF TO BE HONORABLE AND EXTREMELY COMPETENT
#5Author of original report
Thu, February 14, 2019
On September 7, 2017 I regretfully filed a daming Ripoff Report targeting Miltion Bledsoe of Newport Hill along with others assoicated with him. Mr. Bledsoe apologized for any misunderstandings (see previously posted update) and since that time I have worked with Milton virtually daily on structuring a very exciting business venture.
I have been proven wrong where Miltion Bledsoe is concerned. He has proven to be honorable and a very savvy businessman. Over the past 17-months, since first posting the Ripoff Report, Milton has demonstrated he has high levels of integrity, work ethic, business knowlege, faith and sincerely cares about the investors he represents as well as the companies he serves.
It's impossible to reverse what's been done, but its not impossible for me to do what I can to correct a wrongful act. I encourage anyone who reads this report and makes a negative judgement against Milton Bledsoe to immediately stop and take the time to call me at 516-375-6649 or email me at johnwhit1958@gmail.com. Please give me the opportunity to share my experiences and explain in detail why I was wrong to make the original post and why I'm beyond certain Milton is a person who deserves not only a second chance but a level of respect given to your most trusted advisors.
Respectfully Submitted
Feb 14, 2019
John V. Whitman Jr.
Resend A Part of the Original Post
#5Author of original report
Wed, September 13, 2017
In the original post I, John V. Whitman Jr., CEO of Sports Venues of Florida, Inc., wrote: "During that call he stated we could either do another revision or they would fund the $2.75 million if we put in an additional $475,000 (of course our money needed to be wired to Newport Hill’s account)". We declined.
On this day, 09/12/2017 at 8:48 PM EST Mr. Bledsoe placed a call to me. The call lasted until 9:42 PM EST. During the call Mr. Bledsoe apologized dozens of times about his not calling when he committed to and he numerous times stated he has not handled our account well.
I stand corrected Mr. Bledsoe did not on behalf of himself or Newport Hill Capital request Sports Venues of Florida, Inc., to wire, cause to have wired or transferred, deposit or exchange $475,000 USD in favor of being granted an investment or Joint Venture of $2.75 million into Sports Venues of Florida, Inc., or any project affiliated with Sports Venues of Florida, Inc. With that said, I was reminded by Mr. Bledsoe more detail about the conversation we had concerning the statement featured above concerning the $475,000. Mr. Bledsoe reminded me that the reference to the additional $475,000 investment by Sports Venues of Florida, Inc., would be necessary if we were going to enter into a Joint Venture with Newport Hill Capital. He reminded me he knew we didn't want to take that route and since we didn't want to enter into a joint venture additional changes would need to be made to our Private Placement Memorandum before we could move forward with funding.
Mr. Bledsoe has agreed at no cost to Sports Venues of Florida, Inc., to ask a non-affiliate familiar with Newport Hill Capital's PPM requirements to review Sports Venues PPM and make changes necessary for Newport Hill Capital to consider funding. Mr. Bledsoe has offered this service at no cost to Sports Venues.
Let me make something clear, Sports Venues of Florida, Inc., nor John V Whitman Jr., have a grudge against Newport Hill Capital or Mr. Bledsoe. We did not nor would we ever seek to extort, intimidate or manipulate to get what we want. I have stated in an earlier post we accept NO answers with grace and understanding. We don't except being taken for granted, abused or mistreated. Newport Hill Capital and Mr. Bledsoe could be the most honorable company and individual on planet earth, time will answer that question. At a minimum this entire drama could have been avoided with drastic improvements to Newport Hill Capital's customer service protocols.
I will update this report as the relationship between Newport Hill Capital and Sports Venues of Florida., either terminates or advances to the next level.
Respectfully Submitted,
John V. Whitman Jr.,
Sports Venues of Florida, Inc., CEO/Chairman
Olive Branch Has Been Offered
#5Author of original report
Fri, September 08, 2017
Mr. Bledsoe has placed a very sincere call to apologize. Mr. Bledsoe went into debth discussing details about his deal flow and scheduling that have placed him in a difficult position in terms of communicating as much as is necessary nor as much as he would like.
Mr. Bledsoe has said Newport Hill Capital is interested in moving forward. He has agreed to arrange a call today between myself and Brent Hucks. I will update again after my talk with Mr. Hucks.
I want the public to understand my position on corporate equity funding. I willingly accept NO answers. The nature of seeking equity funding is you get hundreds or often thousands of NO answers before you find the angel investor that loves your project. If Newport Hill Capital, Mr. Hucks gives Sports Venues a NO answer and explains why its a NO we will accept their position. Obviously if they want to proceed won't I feel like an a*s!
My biggest issue has been the lack of communication, updates or information on where Newport Hill Capital stands with reference to our project. I will update this report after my talk with Mr. Hucks. I'm optimistic for a positive outcome.
Newport Hill Capital
#5Author of original report
Thu, September 07, 2017
Any Company looking for equity capital should take very precaution to ensure you're as protected as possible. Newport Hill Capital formally registered as Newport Hill Consortium, LLC., is a preditor. Don't let yourself become a victim!
Beware of the charm and smooth talking from the front man, Milton Bledsoe. He is heartless and calculating!