Complaint Review: Lambert Private Equity - Solvang, California

Lambert Private Equity LLC puts out press releases announcing financing of between $10 million and $100 million through a private placement equity line. I have not been able to find even one deal that I can say with certainty that Lambert Private Equity actually raised the capital they said they would raise for their client.  I did howver find a number of deals that previously announced signinig a multi million dollar Lambert financing, but I could not find evidence of Lambert actually closing a significant amount of the financing for any one of these deals This is what I found on Lambert in my research:

Chama Technologies - (Sept 18, 2012) Chama Technologies announced they signed a special private placement agreement for a $50m of equity line funding with Lambert Private Equity

Fact Check: No indication any money was actually raised by Lambert. Press release announcing Chara merging with OTCBB shell High Plains Gas, Inc. (HPGS). HPGS currently has $1.5 million market cap.

Omega Commercial Finance Corp - (Feb 24, 2013) Omega Commercial Finance Corporation ( OTCQB : OCFN) announced it signed a Special Private Placement Agreement for USD $100,000,000 of equity line funding with Lambert Private Equity

Fact Check: No indication in Omega’s financial statements that Lambert raised money for Omega.  Omega currently has $6.1M market cap.

WINDSOR GOLD MINING & EXPLORATION -(March 22, 2013)  WINDSOR GOLD MINING & EXPLORATION announced that it signed a Special Private Placement Agreement for USD $20,000,000 of equity line funding with Lambert Private Equity

Fact Check: Windsor confirmed that Lambert has not raised any money for company to date. Windosr is currently a private company.

GRAVITY COLLECTION, INC. - (Jan 22, 2013) GRAVITY COLLECTION, INC. announced it signed a Special Private Placement Agreement for a USD $100,000,000 of equity line funding with Lambert Private Equity.

Fact Check: Gravity is private company, no information on their website to indicate money was ever raised by Lambert.

New Fuel Systems Inc - (March 18, 2013) New Fuel Systems Inc. announced it signed a Special Private Placement Agreement for US $100 million of equity line funding with Lambert Private Equity LLC

Fact Check: New Fuel informed me that Lambert has not raised any funds for them.  New Fuel is a private company and won’t know if Lambert can raise the money until New Fuel goes public.

Armadillo Resources Ltd. - (May 15, 2013) Armadillo Resources Ltd.  announced it signed a Special Private Placement Agreement for CDN $10,000,000 with Lambert Private Equity LLC

Fact Check: Armadillio trades on the CNSX exchange in Canada under ARO with a market cap of $1.4M. I looked at their financial statements, no indication Lambert actually raised money for this company.

FEATHERSTONE INVESTMENT GROUP LLC - (Feb 5, 2013) FEATHERSTONE INVESTMENT GROUP LLC announced it signed a Special Private Placement Agreement for USD $75,000,000 of equity line funding with Lambert Private Equity LLC

Fact Check: Featherstone looks to be a private company, no indication they have raised any funds from Lambert. Haven’t been able to find anything verifying Lambert having successfully raised the $75M that was announced.

Amvesco Holdings Inc -( Jan 11, 2013) – Amvesco Holdings Inc. announced that it has signed a Special Private Placement Agreement (SPPA) for a USD $75,000,000 equity line funding with Lambert Private Equity

Fact Check: Amvesco is a private company, no website, no phone number, cant verify

Notice a trend? It seems very strange that I can’t find one deal that allows me to verify Lambert having successfully raised a large chunk of capital as they announced in a press release. Please contact me if you require more information.