}

Wednesday, May 8, 2013

MOMMY 'ENABLER' DEAREST? DAVID LEE HUNTER'S "SEXUAL HEALING" PART 1

They say behind every great man there is an even greater woman.

If that man is a great con man, does the old axiom still apply?

And if your son asked you to help him with a preposterous scam, one that might reap millions, what would you do?

Here's what Kathy did. She helped her son convince the world that he was a movie producer.





"MARVIN" A Major Motion Picture About The Troubled Life Of Marvin Gaye

The stirring subhead on the August 2012 "private placement memorandum" proposal David Hunter developed for his most audacious scheme--a plan to raise $80 million dollars to produce a movie about late Motown great Marvin Gaye--left no doubt that Hunter aimed to conquer Hollywood.

But there was only one thing wrong--the entire document was fake, cunningly designed to entice an unsuspecting investor with whiffs and sniffs of the sweet smell of Tinseltown success to hand over a $100,000 "investment" to Hunter.

And the con started on the second page. But first, let's look at a private placement as an investment--what is it, who sells the securities, and how risky is it?

What Is A Private Placement?

A private placement is the sale of securities to a limited number of qualified private investors. While an IPO is the initial sale of shares to the general public, a typical private placement is offered only to institutional investors and accredited individuals and entities that meet certain eligibility requirements. 

For companies, private placements can provide an infusion of cash more quickly and less expensively than a public offering. Private placements are also generally not subject to public disclosure obligations. They typically allow companies to have a great deal of control over the process - the company can decide how much to sell, at what price, and to whom. However, those decisions do require a tremendous amount of due diligence and careful deliberation. 

Private placements are exempt from the registration requirements of the federal Securities Act of 1933 and public disclosure requirements as long as certain requirements are met. The sale of securities through private placements cannot involve any public offering, public solicitation, or advertising. In addition, private placements must comply with state laws and anti-fraud provisions of securities laws. Companies must disclose to potential investors all of the pertinent information needed to make a fully informed decision.

Looking for David Hunter's 'MARVIN Special Opportunities Holdings LLC'?  Don't waste your time--it doesn't exist

In the introduction of his 65-page document, Hunter claimed that "MARVIN Special Opportunities Holdings LLC, a California limited liability company (the "Fund"), is offering an aggregate of up to 25 Class A Membership Units" with a limit of $2,500,000 in aggregate contributions in this offering.

Sounds pretty good, right? And the manager of the "Fund" would be another California LLC, MARVIN Management.

However, the State of California official business entity database shows no evidence of either company's existence--ever!

So where would your money go? 

For more information, please contact

Even a busy movie producer has a hard time finding reliable help, so Hunter relied on his mother to take his calls--from her kitchen in Charlevoix.

To be continued...

PART 2-TOMORROW 
DAVID HUNTER'S "SEXUAL HEALING" 

ONLY FROM GLISTENING, QUIVERING UNDERBELLY

 







 

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