Complaint Review: USAR Inc. - Dallas Texas

You should check your facts before you post them. 

There are no SEC violations...in fact, the SEC sent USAR a letter stating they are not going to investigate, no action taken. 

Throughout your websites, you take 1 grain of truth and spin it into a total load of crap.  Typical smear campaign.

You state the gold mines are non-existent or foreclosed…false and I have personally been to all of them.  Anyone can look them up and see they exist.

You ask where the money has gone…did you bother to look at all the equipment they bought.  Leach vat they built?  Employees they hired.  Do you think all that can be done for free?  What is wrong with you?

Seriously, what is wrong with your thinking and logic?  You are just a pissed off investor, not a concerned investor.   If you actually helped the cause, and didn’t side with Rock Bottom, (especially since they lost), you would possibly be in profits right now.  Not a smart move on your part…in fact, you are harming not only the investment but also all the participants with your false statements.

You state the investors got little or no returns….they distributed over $900,000 to investors in the beginning when they were just getting started.  Then the trouble started and amazingly throughout this whole time John Owen has been able to keep it going and continues to in spite of efforts of people like you.

You have called these people criminals?   No crimes have been committed…where is the proof….indictements or crimes they were convicted of?   How would you like it you were called something you weren’t convicted of, and then worse, blasted it all over the internet?

By the way, Vast Mountain did win the judgement but wasn’t able to collect the $50 million.  Again, grain of truth and you spin it the wrong way to suit your cause…work with us, not against us and then you could see a profit.

 I am an investor backin 2007 among the other 200+. I lost 25,000$ USD when investing into USAR.  After the investment, never received a single update other than more solicitations.  Never got pro-formas, never got nothing.  Only empty promises on payment based on my investment.  If the rebuttal here is true, and USAR is operational and they won a 50$ M Lawsuit, how come the only thing they do is file K-1s for losses per IRS regulations for thier investors? How come they never provide any funds back, communications, nothing?  Rip Off report is being truthful and only wants to warn all investors to stay away from these people.  John Owen and USAR must provide updates, communications and fund payments back to the 300+ investors.  Its amazing people can keep creating new legal entities and solicit 'investments and if they 'lose', no accountabilty exists. This is modern day robbery.  Hans A. Thanks,

Thank you for renewing my interest in USAR / Vast Mountain Development et. al. Rather than write a dissertation, I'll simply update my website with additional lawsuits/judgements/beach of contracts for potential investors to review. If Mr. John D. Owen wants my website – usarmininggoldscam removed, he can fulfill the settlement he agreed to and breached. I’ll post the details to that agreement as well.

Question – How much of the $50 million judgement have the investors received? I’ll alert the other concerned investors that I know of this new development because I’m sure they and other interested parties want that question answered as well.

Usarmininggoldscam.com

VAST MOUNTAIN DEVELOPMENT, INC. has prevailed in a $50 Million judgment against a hostile lender that had attempted to do a takeover of the Congress Mine project. There is evidence taken from this trial that proves the author of this rip-off report was working closely with this group in order to assist the hostile take over.

Cleared by the SEC

usarnews.blogspot.com

Does this look like a scam?

usarprojects.blogspot.com

The company(s) would have been in profitability and paying participants regularly had it not been for the Hostile take-over attempts by Rock Bottom LLC and this very rip-off report. So in fact this report in itself is harming hundreds of participants whom still stand behind the mining projects and its managers and would like to see it become successful. The author of this rip-off report is a disgruntled participant whom attempted to stop progress and hinder the ability to raise capital for expansion, it is believed in an attempt to get money from whom they thought at the time would be the winning side.

That side did not win. 

Does this sound like a scam?

Why would a DIP lender go out of their way, spending millions of dollars in an attempt to take over a mining project if it was not in fact a highly lucrative business plan? Vast Mountain Development guided by John D. Owen, CEO of US American Resources, prevailed winning a $50 Million Dollar judgment against the above lender whom was working very closely with the author of this rip off report. 

vastmountaindevelopment.com

Evidence has been compiled for an impending lawsuit against the author(s) of this report and owners of the usarminingscam website. 

John D Owen, Don E Brown, James G Somma, Rachel "Misti" Mathis, Rog Carrington, Yohann Anderson, JVA are at it again.... 

Creating companies to hide monies and screw investors out of even more money by selling useless "working" interest in non-existant/foreclosed "gold" mines located in Arizona. I highly recommend any individuals who invested in USAR, IER et. al. contact your State Attorney General's office, FBI and the SEC.

These criminals have stolen more than $30 million from 600+ investors over the past decade and continue their boiler room/ponzi schemes.

For more information go to the following website.

(((ROR redacted)))

This website was developed for public awareness for investing in fraudulent companies, LLCs and/or ventures; such as, IER, USAR and their numerous LLCs/ventures. The articles referenced on this website are on public record. Supposedly, over six hundred individuals (many non-accredited) invested over $30 million dollars into IER/USAR and its ventures over the past 9 years. To our knowledge, Minimal to no revenue was generated since inception No one has received any returns on their investment. No financials were disclosed to investors All capital money that has been raised is now depleted JVA conference calls continue to be cheerleaders who lure investors to maintain existence and pay for lawsuits Communications to investors from USAR et. al, is minimal to non-existent Contracts/Promissory Notes are in default Promises and due dates have been continually missed Misinformation was issued regarding mines operations and ownership Omission of material facts financials, lawsuits, viability of business plans USAR and its ventures are not in compliance with State(s) requirements General Partners of LLCs are no longer in existence due to non-compliance with regulatory commissions SEC Violations Numerous lawsuits are still pending totaling in excess of $6 million in damages Investment capital was raised by non-licensed representatives and sold to non-accredited investors(non-compliance with Regulation D).

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