tag:blogger.com,1999:blog-6897044416684274915.post4214186267185219354..comments2024-02-11T11:26:50.883-05:00Comments on Glistening, Quivering Underbelly: IS BATTLE CREEK CHIROPRACTOR ROBERT BUCKHANNON MICHIGAN'S NEWEST "CON KING"? STEPHEN ANDERSON MIGHT VOTE YES.Miss Fortunehttp://www.blogger.com/profile/12755567996925789187noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-6897044416684274915.post-15632818063811929172014-10-03T11:47:31.657-04:002014-10-03T11:47:31.657-04:00Miss Fortune broke the story of Buckhannon's a...Miss Fortune broke the story of Buckhannon's arrest by the FBI on this blog:http://www.glisteningquiveringunderbelly.blogspot.com/2014/10/robert-buckhannon-arrested-fbi-agents.htmlMiss Fortunehttps://www.blogger.com/profile/12755567996925789187noreply@blogger.comtag:blogger.com,1999:blog-6897044416684274915.post-10425413484858789652014-10-03T08:11:15.986-04:002014-10-03T08:11:15.986-04:00A former Battle Creek bar manager and chiropractor...A former Battle Creek bar manager and chiropractor has been indicted on fraud charges in Nevada<br /><br />Robert Buckhannon, 53, who had a chiropractic business and who with his fiance owned One Deck Sports Bar and Grill, was charged with conspiracy and fraud in Las Vegas, according to U.S. Attorney Daniel G. Bogden. Buckhannon is alleged, along with a second man, Terry Rawstern, 66, of Aberdeen, S.D., to have schemed to misappropriate $34 million from two Florida-based hedge funds.<br /><br />The fraud occurred between April 2008 and April 2010, the federal government alleges.<br /><br />Buckhannon was arrested by FBI agents Wednesday in Henderson, Nev. He pleaded not guilty Thursday when he appeared Thursday before U.S. Magistrate Judge George Foley. He was released on a personal recognizance bond. Rawstern’s arraignment is scheduled Friday.<br /><br />If convicted they face up to 30 years in prison on the conspiracy charge and 20 years on a wire fraud charge along with fines of up to $1 million on each count.<br /><br />Last year Buckhannon and Kelly DeMoss of Battle Creek opened On Deck in the former Sports Page at 225 W. Michigan Ave.<br /><br />On Dec. 30 a fire destroyed the business and the four-story building. Both Battle Creek police and fire inspectors and investigators from the Bureau of Alcohol, Tobacco, Firearms and Explosives have been investigating since trying to determine a cause. The ruins of the building were demolished last month.<br /><br />“We have been working with our federal, state and local partners to investigate and prosecute persons who commit significant financial crimes,” said U.S. Attorney Bogden for the District of Nevada. “Often these cases take considerable time and resources to investigate and litigate, but the American people deserve to know that we are working diligently to catch the perpetrators.”<br /><br />According to the indictment, for two years, Buckhannon and Rawstern and others were managing members of two Bradenton, Fla.-based hedge funds, Arcanum Equity Fund, LLC and Vestium Equity Fund, LLC.<br /><br />Investigators have said the men engaged in a scheme to misappropriate $34 million they raised from investors by misrepresenting how the funds would be used.<br /><br />They also falsely said they had safeguards for the investments, it was alleged.<br /><br />The defendants then looted and bankrupted the hedge funds by taking payments on false and fictitious profits and taking improper and undisclosed loans, according to the indictment.<br /><br />The government is alleging that investors lost approximately $13.1 million. In April 2010, the hedge funds voluntarily filed for Chapter 7 bankruptcy and are now under the control of court-appointed trustees.<br /><br />The Las Vegas Review-Journal reported that Buckhannon is accused of secretly funneling at least $341,000 of investor money to his family and associates, the indictment alleges. He spent $60,000 on an engagement ring for his fiance and $80,000 for a down payment on a Las Vegas house, the indictment alleges.<br /><br />In 2010 Buckhannon agreed to pay roughly $1.5 million to settle the SEC suit against him. That included returning $1.4 million to hedge fund investors and paying a $130,000 fine.<br /><br />But Buckhannon never “paid a penny” of the settlement, Assistant U.S. Attorney Kathryn Newman said Wednesday in court while arguing for his detention, according to the Review-Journal.<br /><br />She also said hundreds of investors lost money in the scheme and $13.1 million was still missing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6897044416684274915.post-67981535039372963032013-12-31T15:10:55.087-05:002013-12-31T15:10:55.087-05:00Well just last monday, the on deck sports bar myst...Well just last monday, the on deck sports bar mysteriously had a fire that will condemn the building and end the business. Hmm.....Anonymoushttps://www.blogger.com/profile/04515160224750032282noreply@blogger.comtag:blogger.com,1999:blog-6897044416684274915.post-8767136887362085722013-12-27T07:39:06.257-05:002013-12-27T07:39:06.257-05:00Mitchell:
It appears that Dr. Buckhannon has a st...Mitchell:<br /><br />It appears that Dr. Buckhannon has a steady income stream--where it comes from, only he (and possibly his cohort Chris Paganes) knows. A conspiracy theorist might surmise money is washing through that restaurant like a coin-operated laundromat.<br /><br />This story can only get more interesting next year...something tells me it's going to break open.<br /><br />And Miss Fortune will be there to pick up the pieces!Miss Fortunehttps://www.blogger.com/profile/12755567996925789187noreply@blogger.comtag:blogger.com,1999:blog-6897044416684274915.post-25388830490295938482013-12-26T18:34:40.776-05:002013-12-26T18:34:40.776-05:00So did he succeed? Is Dr. Buckhannon now a rich ma...So did he succeed? Is Dr. Buckhannon now a rich man? I thought that that his schemes would backfire and that he would now be broke but it appears that he "pulled it off" and is now rich. Mitchell Davishttps://www.blogger.com/profile/16176169936665873865noreply@blogger.comtag:blogger.com,1999:blog-6897044416684274915.post-73026351335329226772013-09-05T12:07:15.336-04:002013-09-05T12:07:15.336-04:00Anthony:
Thank you for the heads up. I'm just...Anthony:<br /><br />Thank you for the heads up. I'm just about to publish the first in a series of stories about a Buckhannon investment partner, and would love to hear more from you about the "crooked chiropractor".<br /><br />Please send me an email to: tcmissfortune@yahoo.comMiss Fortunehttps://www.blogger.com/profile/12755567996925789187noreply@blogger.comtag:blogger.com,1999:blog-6897044416684274915.post-80397928687938225682013-09-05T09:00:36.388-04:002013-09-05T09:00:36.388-04:00This piece of garbage is reopening soon. He found ...This piece of garbage is reopening soon. He found new vendors and I assume new employees he can rip off. Perhaps all this information here needs to be brought to the paper to prevent more people from being ripped off.Anonymoushttps://www.blogger.com/profile/02947112910818691151noreply@blogger.comtag:blogger.com,1999:blog-6897044416684274915.post-69415985406606923262013-08-19T08:02:36.321-04:002013-08-19T08:02:36.321-04:00Headwaiter66--
Thank you for the tip. Miss Fortun...Headwaiter66--<br /><br />Thank you for the tip. Miss Fortune would love to hear from you regarding your info, so please send me an email at: tcmissfortune@yahoo.com.<br /><br />Meanwhile, I'll start digging!Miss Fortunehttps://www.blogger.com/profile/12755567996925789187noreply@blogger.comtag:blogger.com,1999:blog-6897044416684274915.post-2871042679097155392013-08-18T10:26:22.902-04:002013-08-18T10:26:22.902-04:00Miss Fortune,
I know Steve Anderson (I'm not...Miss Fortune,<br /> I know Steve Anderson (I'm not his friend, he is a giant D-bag) and this is funny because he acts like he could not be took by a con man. He should have paid more attention to his Uncle Per (met him, creeps me out). Look into a rumor I just heard about Steve being fired by Per. Glad I found your blog, and that someone is onto these scumbags.headwaiter66https://www.blogger.com/profile/01958651190712351681noreply@blogger.com