Complaint Review: MEM Financial Solutions Daniel Duffy Donovan Rhoden Mark McLeod - Grant Florida

Mark Mcleod might not be in the picture with the other defrauders from this company but his part of the fraud is documented because his name is all over the corporate filings on this company that scammed people with false financial releases. Sunbiz.org has the archive filings with Mcleod http://www.sunbiz.org/COR/2005/0325/H0069117.Tif http://www.sunbiz.org/COR/2005/0501/10315991.tif http://www.sunbiz.org/COR/2004/1118/H0225868.Tif http://www.sunbiz.org/COR/2006/0109/10210781.tif

I am a wireless consultant for Family Cellular, a subsidiary of Sebastian River Holdings (SBRV). Once a week, the whole company meets and Dan Duffy comes and speaks to us. He talks of how Family Cellular's numbers are taking the company to big places. Just last week, when talking about opening SBRV's ticker into public trade he told of how he was a master of manipulating the market and how SBRV would "surprise the market". My question to anyone reading is this: how can i protect myself and the innocent people i work with from being hurt by what is going to happen to them. Here's the kicker... Dan's only three rules he holds us to at Family Cellular are these: "don't lie, don't cheat, don't steal." I find these words to be ringing all too ironic now.

First, BUYER BEWARE of this brand new ticker symbol and 'company': SBRV.pk -- aka Sebastian River Holdings, Inc. -- aka MEM Financial Solutions. This new ticker is the 3rd stock symbol change since July of 2004. Here's the brief history of symbol changes and consequent reverse splits that have screwed investors year after year: July 26th of 2004-- First symbol was VRMD (company name: Vision Real Estate Management and Development) which had a 400:1 reverse split and changed it's ticker symbol to MMFS resulting in a company name change (they claim it was a 'merger') to MEM Financial Solutions. April 11 of 2005-- MMFS had a 200:1 reverse split and changed their ticker symbol yet again to MFSN and their PR releases (after talk of insider stock shorting) said they received the "immediate resignation of Daniel J. Duffy". Now on April 5 of 2006-- MFSN had a 400:1 reverse split and again changed their ticker symbol from MFSN to SBRV and claim in the PR releases that they've changed their company name to Sebastian River Holdings, Inc. and -- get this -- Daniel J. Duffy is now the acting CEO. Bottom line: it's been the same company and same people reverse splitting and changing company names and CEOs around since day one all along feeding the public with bogus "forward looking" PR releases with the intent of enticing more buys, only to change company names and profiles, acquire more buys and reverse split again. I called MEM Financial Solutions today and was told that Daniel Duffy no longer works at the company. Also, i was unable to get Mark McLeod (his business partner) on the phone for further questioning and he has yet to return my calls. Note that all relevant contact info for MEM financial Solutions can be found at www.memfinancialsolutions.com. And that the contact info i have listed for this report is for Daniel Duffy's phone, email and business address as provided to me by MEM Financial Solutions and recent PR statements. Something needs to be done about this (legal action, auditing, etc.) as while it's realized that any stock investment comes with relative risks and rewards, it is evident that now after 3 HUGE reverse splits in less than 3 years, such moves are highly suspect and should warrant full investigation. *EDitor's Suggestions on how to get your money back into your bank account!

NIRAL ALEX PATEL went in on the defrauding along with Duffy, Rhoden, and McLeod. Press Release filings archived Dec 17, 2003 (BUSINESS WIRE) -- Vision Real Estate Management and Development, Inc. (VRMD), today announced it has added three new Board of Director Members to its management team. These three new members have the qualifications to guide Vision Real Estate Management and Development on to becoming a Dynamic real estate company..... Mr. Niral A. Patel, a graduate from the University at Albany, Mr. Patel brings his extensive knowledge in franchise and new commercial developments. Mr. Patel has over 8 years experience in the development and operation of franchise restaurants and hotels. Currently Mr. Patel is an owner/operator of two franchised restaurants and hotels, with a revenue stream of $7,500,000. Mr. Patel stated, "We are now forming a company with foundation and with my expertise in franchises, I feel that I can assist Vision Real Estate Management and Development in future franchise deals." Jan. 22, 2004 (BUSINESS WIRE) -- Vision Real Estate Management and Development, Inc. (Pink Sheets: VRMD ), today announced that it has entered into a letter of intent to acquire, Ambica Corporation, Ambica II Corporation, Jagdamba Corporation, Jagdamba II Corporation, Maha Laxmi Corporation and Maha Laxmi II Corporation solely for stock in Vision Real Estate Management and Development. Upon the closing of this acquisition, Vision Real Estate Management and Development company will spin out its present assets into a newly formed subsidiary. Vision Real Estate Management and Development and Meridian Construction, Ltd and Meridian Piling, Inc. have canceled their previously announced letter of intent by mutual agreement. Ambica Corporation, Ambica II Corporation, Jagdamba Corporation, Jagdamba II Corporation, Maha Laxmi Corporation and Maha Laxmi II Corporation had combined revenues of over $7,500,000 in 2003 and net assets of approximately $7,500,000. Jagdamba Corporation, Jagdamba Corporation II, Maha Laxmi Corporation and Maha Laxmi II Corporation are current owners of franchised companies; Albany NY based Super 8 Motel, Saratoga Springs NY Based Super 8 Motel, Albany NY Based Golden Corral Restaurant, and Saratoga Springs NY Based Golden Corral Restaurant. Ambica Corporation, Ambica II Corporation are owners of real Properties in the Albany and Saratoga NY area. The company believes that upon the closing of these six acquisitions the book value of Vision Real Estate Management and Development's common stock will be substantially increased. On the completion of these acquisitions Vision Real Estate Management and Development will change its name to OM Companies, Inc., which will be the sole owner of Ambica Corporation, Ambica II Corporation, Jagdamba Corporation, Jagdamba II Corporation, Maha Laxmi Corporation and Maha Laxmi II Corporation. Mr. Niral Patel will become the new President and CEO of OM Companies, Inc. The completion of these six acquisitions is anticipated to close no later than April 25, 2004. OM Companies, Inc. will continue to operate as a holding company of franchised companies. Presently OM Companies, Inc. is in the process of securing plans to open four franchised operations in 2004 and six franchised operations in 2005. OM Companies, Inc anticipates that this will add over $30,000,000 in revenue by the end of 2005. All shareholders of record on the close of these acquisitions will remain shareholders of Vision Real Estate Management and Development company, which becomes the much larger franchise holding company. Shareholders will also receive shares of the spin off of the real estate portion of Vision Real Estate Management and Development companies. "This is the best move for the shareholders." Stated Daniel J. Duffy, Vice President of VRMD. "Since we receive so many opportunities with private companies, we feel that our decision to acquire these six corporations, that already have a proven track record and own four franchised companies, fits the puzzle on escalating our business plan at a more rapid rate". "These six acquisitions are adding more assets and earnings for our shareholders" stated Donovan Rhoden, President and CEO of Vision Real Estate Management and Development. "Our decision to acquire these six companies will not delay us on obtaining a listing on the American Stock Exchange and the Company intends to apply for a listing on the American Stock Exchange as promptly as possible. Vision Real Estate Management and Development will announce shortly the date and location of its first shareholders meeting. All shareholders are welcome to attend. At the meeting all shareholders will be encouraged to vote on the proposed name change and the proposed six corporation acquisitions. Company officials will be present at this meeting to inform shareholders of new developments.

NIRAL ALEX PATEL went in on the defrauding along with Duffy, Rhoden, and McLeod. Press Release filings archived Dec 17, 2003 (BUSINESS WIRE) -- Vision Real Estate Management and Development, Inc. (VRMD), today announced it has added three new Board of Director Members to its management team. These three new members have the qualifications to guide Vision Real Estate Management and Development on to becoming a Dynamic real estate company..... Mr. Niral A. Patel, a graduate from the University at Albany, Mr. Patel brings his extensive knowledge in franchise and new commercial developments. Mr. Patel has over 8 years experience in the development and operation of franchise restaurants and hotels. Currently Mr. Patel is an owner/operator of two franchised restaurants and hotels, with a revenue stream of $7,500,000. Mr. Patel stated, "We are now forming a company with foundation and with my expertise in franchises, I feel that I can assist Vision Real Estate Management and Development in future franchise deals." Jan. 22, 2004 (BUSINESS WIRE) -- Vision Real Estate Management and Development, Inc. (Pink Sheets: VRMD ), today announced that it has entered into a letter of intent to acquire, Ambica Corporation, Ambica II Corporation, Jagdamba Corporation, Jagdamba II Corporation, Maha Laxmi Corporation and Maha Laxmi II Corporation solely for stock in Vision Real Estate Management and Development. Upon the closing of this acquisition, Vision Real Estate Management and Development company will spin out its present assets into a newly formed subsidiary. Vision Real Estate Management and Development and Meridian Construction, Ltd and Meridian Piling, Inc. have canceled their previously announced letter of intent by mutual agreement. Ambica Corporation, Ambica II Corporation, Jagdamba Corporation, Jagdamba II Corporation, Maha Laxmi Corporation and Maha Laxmi II Corporation had combined revenues of over $7,500,000 in 2003 and net assets of approximately $7,500,000. Jagdamba Corporation, Jagdamba Corporation II, Maha Laxmi Corporation and Maha Laxmi II Corporation are current owners of franchised companies; Albany NY based Super 8 Motel, Saratoga Springs NY Based Super 8 Motel, Albany NY Based Golden Corral Restaurant, and Saratoga Springs NY Based Golden Corral Restaurant. Ambica Corporation, Ambica II Corporation are owners of real Properties in the Albany and Saratoga NY area. The company believes that upon the closing of these six acquisitions the book value of Vision Real Estate Management and Development's common stock will be substantially increased. On the completion of these acquisitions Vision Real Estate Management and Development will change its name to OM Companies, Inc., which will be the sole owner of Ambica Corporation, Ambica II Corporation, Jagdamba Corporation, Jagdamba II Corporation, Maha Laxmi Corporation and Maha Laxmi II Corporation. Mr. Niral Patel will become the new President and CEO of OM Companies, Inc. The completion of these six acquisitions is anticipated to close no later than April 25, 2004. OM Companies, Inc. will continue to operate as a holding company of franchised companies. Presently OM Companies, Inc. is in the process of securing plans to open four franchised operations in 2004 and six franchised operations in 2005. OM Companies, Inc anticipates that this will add over $30,000,000 in revenue by the end of 2005. All shareholders of record on the close of these acquisitions will remain shareholders of Vision Real Estate Management and Development company, which becomes the much larger franchise holding company. Shareholders will also receive shares of the spin off of the real estate portion of Vision Real Estate Management and Development companies. "This is the best move for the shareholders." Stated Daniel J. Duffy, Vice President of VRMD. "Since we receive so many opportunities with private companies, we feel that our decision to acquire these six corporations, that already have a proven track record and own four franchised companies, fits the puzzle on escalating our business plan at a more rapid rate". "These six acquisitions are adding more assets and earnings for our shareholders" stated Donovan Rhoden, President and CEO of Vision Real Estate Management and Development. "Our decision to acquire these six companies will not delay us on obtaining a listing on the American Stock Exchange and the Company intends to apply for a listing on the American Stock Exchange as promptly as possible. Vision Real Estate Management and Development will announce shortly the date and location of its first shareholders meeting. All shareholders are welcome to attend. At the meeting all shareholders will be encouraged to vote on the proposed name change and the proposed six corporation acquisitions. Company officials will be present at this meeting to inform shareholders of new developments.

NIRAL ALEX PATEL went in on the defrauding along with Duffy, Rhoden, and McLeod. Press Release filings archived Dec 17, 2003 (BUSINESS WIRE) -- Vision Real Estate Management and Development, Inc. (VRMD), today announced it has added three new Board of Director Members to its management team. These three new members have the qualifications to guide Vision Real Estate Management and Development on to becoming a Dynamic real estate company..... Mr. Niral A. Patel, a graduate from the University at Albany, Mr. Patel brings his extensive knowledge in franchise and new commercial developments. Mr. Patel has over 8 years experience in the development and operation of franchise restaurants and hotels. Currently Mr. Patel is an owner/operator of two franchised restaurants and hotels, with a revenue stream of $7,500,000. Mr. Patel stated, "We are now forming a company with foundation and with my expertise in franchises, I feel that I can assist Vision Real Estate Management and Development in future franchise deals." Jan. 22, 2004 (BUSINESS WIRE) -- Vision Real Estate Management and Development, Inc. (Pink Sheets: VRMD ), today announced that it has entered into a letter of intent to acquire, Ambica Corporation, Ambica II Corporation, Jagdamba Corporation, Jagdamba II Corporation, Maha Laxmi Corporation and Maha Laxmi II Corporation solely for stock in Vision Real Estate Management and Development. Upon the closing of this acquisition, Vision Real Estate Management and Development company will spin out its present assets into a newly formed subsidiary. Vision Real Estate Management and Development and Meridian Construction, Ltd and Meridian Piling, Inc. have canceled their previously announced letter of intent by mutual agreement. Ambica Corporation, Ambica II Corporation, Jagdamba Corporation, Jagdamba II Corporation, Maha Laxmi Corporation and Maha Laxmi II Corporation had combined revenues of over $7,500,000 in 2003 and net assets of approximately $7,500,000. Jagdamba Corporation, Jagdamba Corporation II, Maha Laxmi Corporation and Maha Laxmi II Corporation are current owners of franchised companies; Albany NY based Super 8 Motel, Saratoga Springs NY Based Super 8 Motel, Albany NY Based Golden Corral Restaurant, and Saratoga Springs NY Based Golden Corral Restaurant. Ambica Corporation, Ambica II Corporation are owners of real Properties in the Albany and Saratoga NY area. The company believes that upon the closing of these six acquisitions the book value of Vision Real Estate Management and Development's common stock will be substantially increased. On the completion of these acquisitions Vision Real Estate Management and Development will change its name to OM Companies, Inc., which will be the sole owner of Ambica Corporation, Ambica II Corporation, Jagdamba Corporation, Jagdamba II Corporation, Maha Laxmi Corporation and Maha Laxmi II Corporation. Mr. Niral Patel will become the new President and CEO of OM Companies, Inc. The completion of these six acquisitions is anticipated to close no later than April 25, 2004. OM Companies, Inc. will continue to operate as a holding company of franchised companies. Presently OM Companies, Inc. is in the process of securing plans to open four franchised operations in 2004 and six franchised operations in 2005. OM Companies, Inc anticipates that this will add over $30,000,000 in revenue by the end of 2005. All shareholders of record on the close of these acquisitions will remain shareholders of Vision Real Estate Management and Development company, which becomes the much larger franchise holding company. Shareholders will also receive shares of the spin off of the real estate portion of Vision Real Estate Management and Development companies. "This is the best move for the shareholders." Stated Daniel J. Duffy, Vice President of VRMD. "Since we receive so many opportunities with private companies, we feel that our decision to acquire these six corporations, that already have a proven track record and own four franchised companies, fits the puzzle on escalating our business plan at a more rapid rate". "These six acquisitions are adding more assets and earnings for our shareholders" stated Donovan Rhoden, President and CEO of Vision Real Estate Management and Development. "Our decision to acquire these six companies will not delay us on obtaining a listing on the American Stock Exchange and the Company intends to apply for a listing on the American Stock Exchange as promptly as possible. Vision Real Estate Management and Development will announce shortly the date and location of its first shareholders meeting. All shareholders are welcome to attend. At the meeting all shareholders will be encouraged to vote on the proposed name change and the proposed six corporation acquisitions. Company officials will be present at this meeting to inform shareholders of new developments.

NIRAL ALEX PATEL went in on the defrauding along with Duffy, Rhoden, and McLeod. Press Release filings archived Dec 17, 2003 (BUSINESS WIRE) -- Vision Real Estate Management and Development, Inc. (VRMD), today announced it has added three new Board of Director Members to its management team. These three new members have the qualifications to guide Vision Real Estate Management and Development on to becoming a Dynamic real estate company..... Mr. Niral A. Patel, a graduate from the University at Albany, Mr. Patel brings his extensive knowledge in franchise and new commercial developments. Mr. Patel has over 8 years experience in the development and operation of franchise restaurants and hotels. Currently Mr. Patel is an owner/operator of two franchised restaurants and hotels, with a revenue stream of $7,500,000. Mr. Patel stated, "We are now forming a company with foundation and with my expertise in franchises, I feel that I can assist Vision Real Estate Management and Development in future franchise deals." Jan. 22, 2004 (BUSINESS WIRE) -- Vision Real Estate Management and Development, Inc. (Pink Sheets: VRMD ), today announced that it has entered into a letter of intent to acquire, Ambica Corporation, Ambica II Corporation, Jagdamba Corporation, Jagdamba II Corporation, Maha Laxmi Corporation and Maha Laxmi II Corporation solely for stock in Vision Real Estate Management and Development. Upon the closing of this acquisition, Vision Real Estate Management and Development company will spin out its present assets into a newly formed subsidiary. Vision Real Estate Management and Development and Meridian Construction, Ltd and Meridian Piling, Inc. have canceled their previously announced letter of intent by mutual agreement. Ambica Corporation, Ambica II Corporation, Jagdamba Corporation, Jagdamba II Corporation, Maha Laxmi Corporation and Maha Laxmi II Corporation had combined revenues of over $7,500,000 in 2003 and net assets of approximately $7,500,000. Jagdamba Corporation, Jagdamba Corporation II, Maha Laxmi Corporation and Maha Laxmi II Corporation are current owners of franchised companies; Albany NY based Super 8 Motel, Saratoga Springs NY Based Super 8 Motel, Albany NY Based Golden Corral Restaurant, and Saratoga Springs NY Based Golden Corral Restaurant. Ambica Corporation, Ambica II Corporation are owners of real Properties in the Albany and Saratoga NY area. The company believes that upon the closing of these six acquisitions the book value of Vision Real Estate Management and Development's common stock will be substantially increased. On the completion of these acquisitions Vision Real Estate Management and Development will change its name to OM Companies, Inc., which will be the sole owner of Ambica Corporation, Ambica II Corporation, Jagdamba Corporation, Jagdamba II Corporation, Maha Laxmi Corporation and Maha Laxmi II Corporation. Mr. Niral Patel will become the new President and CEO of OM Companies, Inc. The completion of these six acquisitions is anticipated to close no later than April 25, 2004. OM Companies, Inc. will continue to operate as a holding company of franchised companies. Presently OM Companies, Inc. is in the process of securing plans to open four franchised operations in 2004 and six franchised operations in 2005. OM Companies, Inc anticipates that this will add over $30,000,000 in revenue by the end of 2005. All shareholders of record on the close of these acquisitions will remain shareholders of Vision Real Estate Management and Development company, which becomes the much larger franchise holding company. Shareholders will also receive shares of the spin off of the real estate portion of Vision Real Estate Management and Development companies. "This is the best move for the shareholders." Stated Daniel J. Duffy, Vice President of VRMD. "Since we receive so many opportunities with private companies, we feel that our decision to acquire these six corporations, that already have a proven track record and own four franchised companies, fits the puzzle on escalating our business plan at a more rapid rate". "These six acquisitions are adding more assets and earnings for our shareholders" stated Donovan Rhoden, President and CEO of Vision Real Estate Management and Development. "Our decision to acquire these six companies will not delay us on obtaining a listing on the American Stock Exchange and the Company intends to apply for a listing on the American Stock Exchange as promptly as possible. Vision Real Estate Management and Development will announce shortly the date and location of its first shareholders meeting. All shareholders are welcome to attend. At the meeting all shareholders will be encouraged to vote on the proposed name change and the proposed six corporation acquisitions. Company officials will be present at this meeting to inform shareholders of new developments.

That is not Alex Patel. That is Niral Patel, and that White escalade in the backround is his... he's about 25 yrs old. also drives a red bmw m3 convertible. I believe the franchises in question would be the golden corral and a bentley's burgers. Oh, and by the way, he has nothing to do with his parents restaurants except that he says thanks for coming when you are done eating. Daddy pays for the cars, if you havent figured it out yet. Paul Wilson is much more than a pawn,he still has frequent meets with donovan. and Donovan Rhoden? That dude has had it coming from several federal agencies for a long time.. if he has so much money i'm curious why he lives in a $110K townhouse in guilderland, ny, and he had to sell his company, visions one, to his long time right hand man (and enforcer) Rafael Nieves. guy is broke. His brother in florida is supplying him money for now, who also happened to get involved with Dan duffy. also from florida. Too bad Donovan uses his nephew Ajani as a pawn for dirty work, he actually seems like a nice kid. You can see Donovan quite frequently at the local Starbucks in guilderland at stuyvesant plaza. drives a black escalade truck. Happy hunting.

That is not Alex Patel. That is Niral Patel, and that White escalade in the backround is his... he's about 25 yrs old. also drives a red bmw m3 convertible. I believe the franchises in question would be the golden corral and a bentley's burgers. Oh, and by the way, he has nothing to do with his parents restaurants except that he says thanks for coming when you are done eating. Daddy pays for the cars, if you havent figured it out yet. Paul Wilson is much more than a pawn,he still has frequent meets with donovan. and Donovan Rhoden? That dude has had it coming from several federal agencies for a long time.. if he has so much money i'm curious why he lives in a $110K townhouse in guilderland, ny, and he had to sell his company, visions one, to his long time right hand man (and enforcer) Rafael Nieves. guy is broke. His brother in florida is supplying him money for now, who also happened to get involved with Dan duffy. also from florida. Too bad Donovan uses his nephew Ajani as a pawn for dirty work, he actually seems like a nice kid. You can see Donovan quite frequently at the local Starbucks in guilderland at stuyvesant plaza. drives a black escalade truck. Happy hunting.

That is not Alex Patel. That is Niral Patel, and that White escalade in the backround is his... he's about 25 yrs old. also drives a red bmw m3 convertible. I believe the franchises in question would be the golden corral and a bentley's burgers. Oh, and by the way, he has nothing to do with his parents restaurants except that he says thanks for coming when you are done eating. Daddy pays for the cars, if you havent figured it out yet. Paul Wilson is much more than a pawn,he still has frequent meets with donovan. and Donovan Rhoden? That dude has had it coming from several federal agencies for a long time.. if he has so much money i'm curious why he lives in a $110K townhouse in guilderland, ny, and he had to sell his company, visions one, to his long time right hand man (and enforcer) Rafael Nieves. guy is broke. His brother in florida is supplying him money for now, who also happened to get involved with Dan duffy. also from florida. Too bad Donovan uses his nephew Ajani as a pawn for dirty work, he actually seems like a nice kid. You can see Donovan quite frequently at the local Starbucks in guilderland at stuyvesant plaza. drives a black escalade truck. Happy hunting.

That is not Alex Patel. That is Niral Patel, and that White escalade in the backround is his... he's about 25 yrs old. also drives a red bmw m3 convertible. I believe the franchises in question would be the golden corral and a bentley's burgers. Oh, and by the way, he has nothing to do with his parents restaurants except that he says thanks for coming when you are done eating. Daddy pays for the cars, if you havent figured it out yet. Paul Wilson is much more than a pawn,he still has frequent meets with donovan. and Donovan Rhoden? That dude has had it coming from several federal agencies for a long time.. if he has so much money i'm curious why he lives in a $110K townhouse in guilderland, ny, and he had to sell his company, visions one, to his long time right hand man (and enforcer) Rafael Nieves. guy is broke. His brother in florida is supplying him money for now, who also happened to get involved with Dan duffy. also from florida. Too bad Donovan uses his nephew Ajani as a pawn for dirty work, he actually seems like a nice kid. You can see Donovan quite frequently at the local Starbucks in guilderland at stuyvesant plaza. drives a black escalade truck. Happy hunting.