Complaint Review: Russell Pike Internet Business Group - Las Vegas Nevada

It is not Russell Pike and Iernet bunssgrup as is showing in the beginning of the report it is Russell Pike and Internet Business Group or IBG with offices in Las Vegas, New York, and Dallas. It is not clear how that set of words got into this report as they were not part of the original. However, to be clear it is Russell Pike or Russell Craig Pike of the Internet Business Group or IBG that you are looking for with regards to the posted information.

The Las Vegas Sun Article in the last link of the preceding report is the most on point for the current victims of RCP, especially the following portion:

* Mark Margolis and more than 70 Advanced Cart shareholders sued Pike on Aug. 17, 1998, alleging they were tricked by Pike's claims that the company had exclusive technology rights into investing more than $2.8 million.The shareholders said their investments were "virtually worthless" because All Creative -- which they said was forced into bankruptcy on Aug. 8, 1996, by its creditors -- was denied a discharge of its filing after the U.S. Bankruptcy court learned that Pike allegedly destroyed his two companies' financial records and had withdrawn substantial funds from Advanced Cart in 1997 to place gaming bets of more than $1 million. Pike signed more than 70 confessions of judgment on March 10, 1999, agreeing to return the funds to the shareholders.

Bear in mind that RCP has a pattern, one he's honed over time to near perfection, but the pattern is recognizable each time it is spun out again in a new iteration with different victims.  RCP builds a company based around a good story and circumspect proof of concept. He then gets early investors in whose integrity he wraps himself to acquire (i.e. con) additional investors. He then carefully crafts private placement memoranda and lender proposal based on smoke-and-mirror financials and gilded half-truths. He then raises greater sums of money through these securities offerings which he channels through existing investors in an expanding net.

With Mainstream Ventures, Inc., http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=mZCJjxhqcFzXlqN1XTHDXA%253d%253d&nt7=0, and Internet Business Group.com, Inc. http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=4Wn87QJmhdx%252bbVr7wuC9RQ%253d%253d&nt7=0, (aka IBG.com, Positive Searches, Inc., http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=3w%252buNIGBXp%252fcZjkl%252fdIXbw%253d%253d&nt7=0, and Positive Search Results, http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=IhR9XCFaH%252fD7i9T8KSIjtQ%253d%253d&nt7=0), RCP has purportedly repeated (from 2007 to present) the tactics described in the LV Sun article going back to the mid 1990s. As you can see, his proclivity toward fraudulent criminal behavior began a decade earlier re: the grand theft and forgery felony convictions in California in the late 80s, https://ocapps.occourts.org/Vision_Public/DisplayCaseInfo.do?caseobjid=1318918772312&src=case_src, and the check kiting (Nevada), https://www.clarkcountycourts.us/Anonymous/CaseDetail.aspx?CaseID=7643800, and money laundering (Federal in NV) in the late 90s, http://www.lvbusinesspress.com/articles/2008/03/25/news/iq_19873332.txt).  

For 20+ years, this guy has remained shockingly off the radar of prudent investors, making it a challenge to perform sufficient due diligence. During this time, RCP has blazed a trail of destruction and disappointment through hundreds of lives, from ma & pa investors to shrewd business luminaries.

RCP's miraculous longevity as a con-man has been made possible by his victims' inexplicable willingness to remain silent about the financial rape to which RCP had subjected them.  But his more-recent victims are gathering together now and are talking to each other, especially the victims of his purported fleecing of Mainstream Ventures, Inc. and Internet Business Group.com, Inc.  

There ARE valid legal claims that can be brought against RCP for his purported shenanigans at Mainstream and IBG (both CRIMINAL & CIVIL), and the more RCP's victims gather to discuss their common experiences, the more likely these claims against RCP will be uncovered and substantiated.  DON'T HIDE FROM RCP, even if he (or one of his thugs) threatens you. Your silence is more likely to ensure that RCP will repeat his performance on another unsuspecting batch of victims.