}

Tuesday, November 7, 2017

FROM MACHU PICCHU TO MICHIGAN: Part 2 Of An Exclusive Three-Part Exposé

STRAW MAN RONALD BUCKHANNON FRONTS NEW VENTURE FOR SOON-TO-BE INCARCERATED BROTHER ROBERT BUCKHANNON; 20 YEAR HISTORY OF DISGUISED CORPORATE OWNERSHIP, OFFSHORE PAYOFFS!

While Ronald Buckhannon's name is on the May 18, 2017 South Carolina “Articles of Formation” for SuperBio LLC, his brother's fingerprints are all over this organic fertilizer racket.

Selling products online labeled “Cultiv 1260”, the months-old company describes itself as an “international horticulture nutrient company with a large scale of crop production and remediation.” 

And while South Carolina records reveal SuperBio's fertilizer permit was issued on October 10, 2017, Cultiv 1260's site boasts SuperBio has been processing secure payments using PayTrace since July 24, 2017. (Cultiv allows shipment to all 50 states, although it lacks the proper license in 49 of those states, at last check.)

But that's not the only bloated claim made on Cultiv's site.

For example, the label for Cultiv's Hyper Inoculate, shown at left, claims the product was “UNESCO Biosphere Tested”.

But in an October 27, 2017 email response to my inquiry regarding the claim, the Chief of UNESCO's Paris, France-based Media Services office debunked Cultiv's assertion: 

“UNESCO Biosphere Reserves are testing sites for sustainable management practices that reconcile the conservation of biodiversity with its sustainable use. While the World Network of Biosphere Reserves identifies and shares good practices, it does not endorse specific products. UNESCO has no knowledge of this specific product, or any indication that it was ever used in a biosphere reserve.”

The Cultiv site also lacks Safety Data Sheets, required by the federal Occupational Safety and Health Administration department (OSHA). Chemical manufacturers, distributors, or importers are required to provide Safety Data Sheets (SDSs) to communicate the hazards of hazardous chemical products. 

In addition, none of the product listings include a “Guaranteed Analysis”. The guaranteed analysis (or fertilizer grade) is a listing of nutrients contained in the bag, by weight. 

However, within the last week, Cultiv posted multiple  “Distributors wanted” ads on Craigslist, including Charleston, South Carolina; Topeka, Kansas; Atlanta, Georgia; Minneapolis, Minnesota; St. Louis, Missouri; and even Ames, Iowa

And what about corporate cut-out, Ronald Buckhannon, and his role as SuperBio's front man?

It's not the first time he's performed that task for his brother, Robert.

ADVANCED MEDICAL DIAGNOSTICS, INC.--“MY BROTHER’S COMPANY” 

In an affidavit filed April 8, 1998 in Charleston County, South Carolina's Court of Common Pleas, Ronald Buckhannon responded to a civil action initiated by Lance Dalton and his wife, Deborah regarding a dispute over a home Buckhannon rented to the Daltons.

On or about June 1, 1996, plaintiff Lance Dalton and defendant Ronald J. Buckhannon entered into an oral agreement whereby plaintiffs were permitted to hold over on a month-to-month net/net tenancy provided that plaintiffs pay defendants costs of owning and maintaining the property, including, but not limited to, the payment of defendants’ first and second mortgage payments, the premiums for casualty and flood insurance, and the real estate taxes assessed against the property. 

I am one of the defendants in this case and the co-owner with my wife, Heather, of the property to with Lance and Melissa Frost Dalton have asserted a claim as set forth in the complaints against Heather and me. Heather and I leased the residential real estate property to Mr. and Mrs. Dalton in June, 1994 for a period of one year with an additional one-year option to renew. After the end of the second year in May, 1996, we continued to rent to them on a month to month basis as holdover tenants. The lease as modified a net net lease with Daltons paying the mortgage payments, taxes and insurance. For the most part, they paid the rent directly to the mortgage companies, the county treasurer and the insurance agency. 

I worked for Lance Dalton in his business, in which he operated a branch office for Lloyd Wade Securities, Inc. and a consulting firm which he owned called Linx, Inc. I passed the Series 7 securities test and became a licensed salesman in November, 1996 under the sponsorship of Lance Dalton and in the name of Lloyd Wade Securities. 

In December of 1996, while Lance was on vacation, I saw an incoming fax on the fax machine which alarmed me greatly. It accused Lance and by implication, me, of securities violations and fraud. Upon further investigation within the office, I learned that the allegations might well be true, and further learned that the representations made to me by Lance when he had taken $50,000 from me in mid-1995 to do a private placement for my brother’s company, Advanced Medical Diagnostics, Inc., were not true. 

I immediately resigned from Lloyd Wade, gave Lance and Melissa notice to get out of our house, and contacted a lawyer, Robert Haines. Mr. Haines referred me to Fleet Freeman of Freeman & Freeman since he did not perform that type of work. 

On January 9, 1997, I first consulted with Mr. Freeman in connection with my potential civil and criminal liability for the activities of Mr. Dalton to which I had in some small way been unwittingly been involved. There were approximately 25 small cap companies from which Lance had taken money, one of which was threatening suit. The threat was realized as demonstrated by Exhibit 2. I was sure that others would follow. I was also concerned that I had somehow committed securities violations which could result in administrative and criminal penalties. I sought the advice of Mr. Freeman. From what I had learned, I also hoped that the $50,000 I paid Lance could be recovered. My lawyers have recently filed an action against Mr. Dalton, a copy of which is attached hereto as Exhibit 3. 

“My brother’s” company?

“I passed the Series 7 securities test and became a licensed salesman in November, 1996 under the sponsorship of Lance Dalton and in the name of Lloyd Wade Securities”?

My investigation reveals neither claim is truthful.


The Florida entity cited by Ronald Buckhannon, Advanced Medical Diagnostics, Inc., was originally formed on February 23, 1995 by both Buckhannons, Robert and Ronald.

Later, on August 16, 1996, the name of the corporation was changed to Advanced Neurological Associates, Inc. Less than eight months later, it was officially dissolved.

There is no evidence of any legal action between Ronald or Robert Buckhannon and Lance Dalton (who was permanently barred from the securities industry on December 28, 199) regarding the purported “private placement” investment scheme and a $50,000 upfront fee Ronald Buckhannon alleges he gave Dalton.

While Buckhannon is correct in his assertion regarding legal action directed at Dalton, only one plaintiff filed (First Priority Group, Inc.), later reaching a $30,000 settlement from Dalton on September 2, 1997.

However, there are no FINRA records supporting Ronald Buckhannon's claim that he passed a Series 7 exam and became a licensed securities salesman in November 1996—or any later date.

Coming November 9, the final installment of this series: Robert Buckhannon's role in SuperBio LLC, and a mysterious Michigan company.

If you missed it, you can read Part 1, “FROM BIO-CHAR TO BAT GUANO” at this link



3 comments:

  1. What happened to part 2?????

    ReplyDelete
    Replies
    1. Just a bit delayed; more investigation turned up better information. It's live now.

      Delete
    2. Thank you, Miss Fortune! We appreciate your hard work, accuracy and diligence. You don't turn out a half-baked product like the Traverse City Record-Eagle sometime does!

      Delete