Complaint Review: Alliance Asset Management Inc - Atlanda Georgia

This is Ms. Kim Goguen unlike one of these parties suggests from "Tulsa".

FOR THE RECORD;

1) Someone called me and told me my name was mentioned on here, I had no idea, and it took me several searches to find it. That persons name is also mentioned in this article, and he lives on the east coast. Thank you to him.

2)I did not write this report, nor until 5min ago was a member of this website. Only reason I am now? To state I did not write this report, nor any rebuttal contained here-in.  Further I DID NOT WRITE ANYTHING OTHER THAN THIS RESPONSE.

3)I would not report ANY PARTY PAST PRESENT OR FUTURE openly on an internet blog, nor have I EVER written a blog about a "deal gone bad", or anything else for that matter.

4)I personally was not introduced to Mr. Canady until Spring of 2007, and since this ordeal have spoken to him 1 time. We are currently not involved in any transactions together.

5)I will not "comment" on the report itself, this was 3 years ago, or any of the "rebuttals". I will only state, I am not the person who wrote this.

I am sorry to see all these parties on all sides experience a loss, I did as well, however, I wish all those involved success in their future business ventures.

Regards,

KIM GOGUEN

For the record, Steven O. Canaday is one of the most brilliant, honest persons who I have ever had the pleasure of knowing. I further inquired about the report filed by the author in regards to the client mentioned. I had the privilege of speaking directly to the client and was advised that she had no issues with Alliance Asset Management or Mr. Steven O. Canaday. In fact, they still maintain a good rapport to this day. Goes to show that you must have all of your facts before formulating an opinion.

We are builders located in Florida.  We engaged Alliance Asset Management and Mr. Canaday for funding.  We were very pleased with the experience and the professionalism displayed by Mr. Canaday and the firm.  All of our interactions and dealings were satisfactorily fullfilled and Alliance was very informative throughout the entire process.   In this current environment  with the conventional financial instituitions not lending money or providing capital, the services that Alliance Asset Management provides will play an instrumental role in our continued growth.  I would reccomend any potential clients to work with this firm as we are very pleased with the outcomes.

I do indeed know you who you are Ms. Kim Goguen. It is shocking that you of all people are making the outrageous accusations that you are as you were also on the call with the bank officer from brussels and Mr. Canaday (remember me now?). I am not sure if your memory has been affected by intentional mischief or by default, but one thing is for sure and that is that it has been affected.

Items to correctly clarify:

1. All documentation received by us (and your client) always represented that the lien on the collateral would be perfected on the banking system and not a MT760. Furthermore MT760s dont require for "codes" to be provided. It is done by the bank and is very easily achieved. Inconsistency in your story.

2. Fountain Head was the group that requested the MT760 as they were plotting to get a line of credit based on the credit of an asset being delivered to their account. It was always represented by Alliance that the collateral would not move. Furthermore, DJ Barton and the rest were all with Fountain Head and by your own admission were your initial funder and were nonperformers. Scott Connell whom you say was from Europe (he was from New Zealand) worked with Greg and Scott Bishop (all of Fountain Head). You very well may have been working with DJ Barton for a year but when Alliance came into the picture, we all were using the same group, Fountain Head, all events transpired within a few weeks (not a year). I dare to say that your travel records are identical to mine and that you cannot provide any records of such (be it travel, email correspondence, etc.) that would demonstrate a previous relationship with Alliance or Mr. Canaday until we all got involved.  Again, Inconsistency in your story. 

3. Mr. Canaday, again has not served time in jail. Your misguided thinking is a result of a malicious attack on his character. People say anything in blogs (like you are doing now) that are unsubstantiated and clearly that's the case here. 

4. You, Kim, represented yourself to be a facilitator of a trade program based out of Chase Bank, which ironically, is the same bank you mentioned that has launched an investigation for fraud against Alliance and Mr. Canaday. You offered the opportunity to our group to assist in servicing the debt from the loan. You even stated that the returns would be sufficient enough to retire the loan in 3 months or less. I have been told that you have falsely taken people's money for these purported trade platforms that you have and have yet to return the funds to the rightful owner. I am not sure if this is true but it has been stated. It is easy for people to spread rumors like you are doing now. 

5.One of two things have occurred here: 1) Either Mr. Canaday and Alliance is comfortable in sending you details of what Alliance is doing because they are under the assumption that they maintain a good rapport with you, or 2) There has been no information provided to you recently and you are merely trying to sell your story to the readers of this site. In either case, it is offensive to deal in untruths and to mishandle the trust someone has in you.

My group and I did not loose one cent with Alliance and Mr. Canaday and again have received capital for our fund. It is clear that you do not want to resolve any issues with Mr. Canaday or Alliance (if any even exist). Yet you rather bash them on this site. Just maybe you are using a diversion tactic like Fountain Head did because you yourself are under pressure by your client for something you did. Maybe you have mishandled their trust in you. Whatever the case, I wish you well.

It seems your memory is quite faulty or you are quite unaware of who this is. You state you were at this meeting that took place in Georgia between the Client, the Funder (who at this time was out of Europe), Mr J Bentley and Mr Steven O Canaday. I do not recall any of them actually being in Tulsa and I am well aware who was there. This was not group effort of people who had instruments but one woman and her company who had obtained an instrument for funding through Alliance Asset Management and Mr Canaday.

 In rebuttal to your claims in regards to what has most assuredly to be another instrument...

 OUR meeting was scheduled a week and a half in advance between the funding group who flew out of Europe to meet with Mr Canaday and the client to sign the lending docs and provide the final codes required for the instrument. Mr Canaday could not provide these codes at that time. And exactly as I stated, the instrument turned out to be from a pool of instruments and could not be moved via MT760 as required in the closing docs and agreed upon by Mr Canaday.

Now as to the jail time, simply do a google search on Steven O. Canaday and you'll find all you need there. Check Stockwatch.com (provided you have access to the internal reporting and if not check the links from google).

Now do a search for Mr Sakli and you'll see the court docs for both that prohibit either from working with bank securities due to the fraud both have been found guilty off.

Yes Mr Canaday has a very extensive and long history of degrees. You mentioned his finance one,  you should also have noted his chemistry one and of course that leads us to Bayou Technologies and the cease and desist issued for fraud to them.

We can go back and forth, but you may have had a wonderful experience with your 300k given to them (did your instrument ever fund?  You fail to mention that, nor did you mention getting that 300k back for nonperformance.

As to Fountain Head and Brandon and Merv... they came into play long after this. How do you think they even learned about Alliance Asset Management? It was through our deal. Our first funder was DJ Barton out of Scottsdale. He couldn't perform and later turned out to be a broker. Then it went to Greg out of South Carolina who also turned out to be a broker but brought the funder from Europe to the table. During all of this, DJ Barton tried to bring Fountain Head under Sun River to the table as a funder with a letter of intent. At that time, I advised my client to disregard it as we were moving forward with the European Funder.

Since Alliance could never perform with the codes, that funder dropped the deal. During our investigation with a gentleman out of tulsa, it came out that the instruments were in a pool. To which Mr Cason finally admitted to and Mr Canaday promised my client her funds back. To this day he's never done so.

But if you want to get back on Fountain Head for a moment, who are now Capital Underwriting, they are just brokers for commercial deals and not capable of funding nor underwriting a commercial deal. All they can fund upon is really to co-lend on residential deals. They claim to be licensed with the SEC, a fact recently as November 08, to which the SEC is curious as they have no record of Brandon nor Capital nor Fountain Head nor SunRiver listed with them as a broker or buyer/seller of securities.

Again though, Fountain Head was never our funder for this deal.

A year later they came into the picture as they used to submit deals to my group for funding for them but not once did they ever perform. That though is another matter and entirely different from this report.

I do ask you though, if Mr Canaday was in school for a year for finance, why did he remove himself from this company that he was obviously working so hard with the entire time? The truth is found in documents located on the web. Simply take the time to search for yourself. If they hooked you up with a fund and with investors then I wish you the best of luck as for them to work with securities they MUST be licensed with the SEC, they are not and never have been.

That alone is enough reason. Yet I have three deals that came across mine and my partner's desks in the last month with instruments obtained from Steven with Alliance Asset. Each group they'd dealt with in the past provided everything Steven requested and Alliance failed to provide instruments that could be funded against. Contracts they sent to us showed everything on there end was in order and Steven had graciously "extended" their period for funding hence why they were looking for other avenues. We approached Chase bank to review the instruments and at last report (December 22nd) they had turned it over to the SEC for fraudulent use of bank securities by a group using securities they have no control over nor a license to even work with.

I would say to anyone working with any group, vette that group. See what is out there and contact the governing bodies like the SEC before working with a securities asset management group before you get burned as Alliance has done to so many clients in the past.

I am (or was) a client  of Alliance Asset Management and was seeking funding for my project. My memory of the events and my experience overall with the firm and Mr. Canaday, however, are different than the party who filed this report. I, better than most can dispute the claims in this report as I also was an attendee of the very meeting in Alliance's office as the party that authored this report.

Please allow the record to show the following:

1. Mr. Canaday did not arrive at the meeting late. In fact, Mr. Canaday was in Europe working on a project as the meeting was unscheduled. Mr. Canaday and Alliance did their best to accommodate us on very short notice. 

2. The alleged Funder that the author claims was Alliance's was actually all of ours, the clients (including the author of this report). This is the reason we all went to Alliance's office together as we shared a common Funder (Fountain Head) and also a common collateral provider and were trying to bring the two parties together in the most expeditious fashion possible.

3. Fountain Head represented to have access to the banking system that was required to perfect the lien on the collateral and the capital to provide the loan once the lien was perfected. It was later discovered that Fountain Head had neither. Alliance provided the information to Fountain Head to place the lien on the collateral which began the 72 hour countdown for funding to take place. As Fountain Head saw the time was running out for them to perform, they began claiming that the information provided to them was not working to make it appear that they were attempting to fulfill their end of the bargain. In an effort to assist the bank with its attempts to perfect the lien, Alliance requested a call with Fountain Head's bank officer, which was initially resisted by Foutain Head. After receiving pressure from all of the clients, Fountain Head finally agreed to allow the call to take place. After conducting the call with the bank officer of the institution in Brussels that Fountain Head purportedly had their funds and who was reported to be the authorized party to perfect the lien, Mr. Canaday informed the clients that the bank officer claimed that they had not attempted to perfect the lien on the collateral because their institution did not have the appropriate platform. As frustration began building amongst the parties, I demanded to be on a call with the bank officer and Mr. Canaday to hear this representation  for myself. Mr. Canaday with the permission of the bank officer obliged. The bank officer not only admitted that they were soliciting the assistance of a larger institution in Belgium to perfect the lien on the banking system that was required but further confirmed that Fountain Head (nor its client, which was never mentioned to any of us as we were told that they had the money) had sufficient funds in their institution to provide the loan. Mr. Canaday inquired whether the funds were in the other institution in Belgium and the bank officer advised that he was under the impression that Fountain Head's client (again a party unknown to us) was going to attempt to get a line of credit from a third institution after the lien was placed. Alliance advised Fountain Head that the line of credit would have to be conditionally approved pending lien perfection and that it would have to be demonstrated in writing by the bank extending the line of credit. Mr. Canaday requested that the change in venue be included in an amendment to the agreements to ensure fluency and accuracy in documentation. I didn't think that was too much to ask but rather being prudent on Alliance's side and I and my team were willing to allow the respective parties the time to get legal documentation in place as it appeared that a game plan was in place. After a week of Fountain Head arguing that they were not going to provide a letter from the third bank providing the line of credit or the name of the institution for fear of circumvention, Fountain Head disengaged the transactions and in True Form pointed the finger at Alliance. Now it seems to me that an entity that has substantial dollars (or least a sufficent enough relationship with its bank) would not be concerned with circumvention. My group and I demanded that the gentlemen that introduced us to Fountain Head give us contact details of previous clients of Fountain Head as we were furious. It was revealed that this was not the first time that Fountain Head had pulled this stunt. In fact, all clients that we spoke to were suffering from the same disappointment and agony from Fountain Head's nonperformance that we were.It is quite puzzling to me why the author of this report never once mentioned Fountain Head or the discoveries therof. Go Figure!!!!!  

4. Alliance did not require any additional engagement from any of the clients involved with Fountain Head and agreed to allow the clients the opportunity to bring forth a viable lender, which was the client's responsibility from day one. After determining that my group did not have sufficient banking relationships, we were offered and received our full engagement. Mr. Canaday also offered to provide any assistance we needed which we took full advantage of. With Mr. Canaday's assistance, we were able to successfully start a fund and our first investor was referred by Mr. Canaday. I personally owe Mr. Canaday gratitude as my team really leaned on his knowledge base to structure all aspects of the fund. I would call him all times of the night and never would he not entertain the call as he knew we were interacting with parties overseas and had to have details readily available. This doesn't sound like the person the author of this report is attempting to describe. 

5. Mr. Canaday nor Mr. Sakli (the true owner of the Collateral, which was confirmed by an associate of mine at a bank in Zurich) never spent time in jail. This was the lie that Fountain Head told the clients to divert attention away from them. Furthermore, the two state cases which were civil cases were sucessfully resolved showing no wrong doing on Mr. Canaday's part.  In fact, it turned out to be parties that did not even have a direct relationship with Mr. Canaday's firm and had only been told of Mr. Canaday by third parites.

6. Mr. Williams was named interim CEO of the firm while Mr. Canaday attended school fulltime studying finance. Go Figure!!! It was not an elaborate scheme to cover up Mr. Canaday's past as alleged by the author of this report.

It is important that one has all the facts before spreading this type of information about someone's character and reputation. Telling untruths to strengthen your story shows lack of integrity and is just as bad (if not worse) as the claims which you make against another. I know personally that Alliance and Mr. Canaday take their business serious and upholding integrity is one of their top priorities (which is a rare commodity in this world today). I would urge the author of this report to contact the firm directly because I feel that if they are not satisfied, that alliance will do everything in its power to rectify the matter as surely it is an unintended oversight.  Again I was a part of the same situation and I am very pleased with the ultimate outcome and service provided by Alliance Asset Management.

I am (or was) a client  of Alliance Asset Management and was seeking funding for my project. My memory of the events and my experience overall with the firm and Mr. Canaday, however, are different than the party who filed this report. I, better than most can dispute the claims in this report as I also was an attendee of the very meeting in Alliance's office as the party that authored this report.

Please allow the record to show the following:

1. Mr. Canaday did not arrive at the meeting late. In fact, Mr. Canaday was in Europe working on a project as the meeting was unscheduled. Mr. Canaday and Alliance did their best to accommodate us on very short notice. 

2. The alleged Funder that the author claims was Alliance's was actually all of ours, the clients (including the author of this report). This is the reason we all went to Alliance's office together as we shared a common Funder (Fountain Head) and also a common collateral provider and were trying to bring the two parties together in the most expeditious fashion possible.

3. Fountain Head represented to have access to the banking system that was required to perfect the lien on the collateral and the capital to provide the loan once the lien was perfected. It was later discovered that Fountain Head had neither. Alliance provided the information to Fountain Head to place the lien on the collateral which began the 72 hour countdown for funding to take place. As Fountain Head saw the time was running out for them to perform, they began claiming that the information provided to them was not working to make it appear that they were attempting to fulfill their end of the bargain. In an effort to assist the bank with its attempts to perfect the lien, Alliance requested a call with Fountain Head's bank officer, which was initially resisted by Foutain Head. After receiving pressure from all of the clients, Fountain Head finally agreed to allow the call to take place. After conducting the call with the bank officer of the institution in Brussels that Fountain Head purportedly had their funds and who was reported to be the authorized party to perfect the lien, Mr. Canaday informed the clients that the bank officer claimed that they had not attempted to perfect the lien on the collateral because their institution did not have the appropriate platform. As frustration began building amongst the parties, I demanded to be on a call with the bank officer and Mr. Canaday to hear this representation  for myself. Mr. Canaday with the permission of the bank officer obliged. The bank officer not only admitted that they were soliciting the assistance of a larger institution in Belgium to perfect the lien on the banking system that was required but further confirmed that Fountain Head (nor its client, which was never mentioned to any of us as we were told that they had the money) had sufficient funds in their institution to provide the loan. Mr. Canaday inquired whether the funds were in the other institution in Belgium and the bank officer advised that he was under the impression that Fountain Head's client (again a party unknown to us) was going to attempt to get a line of credit from a third institution after the lien was placed. Alliance advised Fountain Head that the line of credit would have to be conditionally approved pending lien perfection and that it would have to be demonstrated in writing by the bank extending the line of credit. Mr. Canaday requested that the change in venue be included in an amendment to the agreements to ensure fluency and accuracy in documentation. I didn't think that was too much to ask but rather being prudent on Alliance's side and I and my team were willing to allow the respective parties the time to get legal documentation in place as it appeared that a game plan was in place. After a week of Fountain Head arguing that they were not going to provide a letter from the third bank providing the line of credit or the name of the institution for fear of circumvention, Fountain Head disengaged the transactions and in True Form pointed the finger at Alliance. Now it seems to me that an entity that has substantial dollars (or least a sufficent enough relationship with its bank) would not be concerned with circumvention. My group and I demanded that the gentlemen that introduced us to Fountain Head give us contact details of previous clients of Fountain Head as we were furious. It was revealed that this was not the first time that Fountain Head had pulled this stunt. In fact, all clients that we spoke to were suffering from the same disappointment and agony from Fountain Head's nonperformance that we were.It is quite puzzling to me why the author of this report never once mentioned Fountain Head or the discoveries therof. Go Figure!!!!!  

4. Alliance did not require any additional engagement from any of the clients involved with Fountain Head and agreed to allow the clients the opportunity to bring forth a viable lender, which was the client's responsibility from day one. After determining that my group did not have sufficient banking relationships, we were offered and received our full engagement. Mr. Canaday also offered to provide any assistance we needed which we took full advantage of. With Mr. Canaday's assistance, we were able to successfully start a fund and our first investor was referred by Mr. Canaday. I personally owe Mr. Canaday gratitude as my team really leaned on his knowledge base to structure all aspects of the fund. I would call him all times of the night and never would he not entertain the call as he knew we were interacting with parties overseas and had to have details readily available. This doesn't sound like the person the author of this report is attempting to describe. 

5. Mr. Canaday nor Mr. Sakli (the true owner of the Collateral, which was confirmed by an associate of mine at a bank in Zurich) never spent time in jail. This was the lie that Fountain Head told the clients to divert attention away from them. Furthermore, the two state cases which were civil cases were sucessfully resolved showing no wrong doing on Mr. Canaday's part.  In fact, it turned out to be parties that did not even have a direct relationship with Mr. Canaday's firm and had only been told of Mr. Canaday by third parites.

6. Mr. Williams was named interim CEO of the firm while Mr. Canaday attended school fulltime studying finance. Go Figure!!! It was not an elaborate scheme to cover up Mr. Canaday's past as alleged by the author of this report.

It is important that one has all the facts before spreading this type of information about someone's character and reputation. Telling untruths to strengthen your story shows lack of integrity and is just as bad (if not worse) as the claims which you make against another. I know personally that Alliance and Mr. Canaday take their business serious and upholding integrity is one of their top priorities (which is a rare commodity in this world today). I would urge the author of this report to contact the firm directly because I feel that if they are not satisfied, that alliance will do everything in its power to rectify the matter as surely it is an unintended oversight.  Again I was a part of the same situation and I am very pleased with the ultimate outcome and service provided by Alliance Asset Management.