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Monday, December 4, 2017

“WELL CONNECTED FARMERS” Buckhannon Family's Fertilizer Company, “Super Bio, LLC”, Doubles-Down On Craigslist-Fueled Investor Outreach; Ames, Iowa And Orlando, Florida Markets Added! (Is That Any Way To Find Investors?!)

Robert L. Buckhannon has launched a fertilizer business (and is seeking investors/distributors) with at least two men, including his brother, Ronald Buckhannon. 

Buckhannon's activity began in early 2017, and while Ronald Buckhannon’s name is on official South Carolina records, Robert Buckhannon’s fingerprints are all over this scheme. 

Robert Buckhannon appears to be the “brains” behind SuperBio LLC, the South Carolina limited liability company formed on May 18, 2017 by his brother, Ronald, and Sebastian Runza. 

But it appears that neither Ronald Buckhannon nor Sebastian Runza appear to have sufficient legitimate capital necessary to back and launch this business. 

In August 2008, the two men were involved (along with a third man, former Florida resident William E. Marvin) in an offshore business deal: the purported sale of a Costa Rican condo to a Wisconsin man that ended with an unpaid $323,668 judgment against Sebastian Runza—a dispute that's still making its way through the South Carolina court system.

In an “Affidavit In Support Of Entry Of Default” filed on September 21, 2009, Wisconsin resident Keith Schmidt detailed his experience with Grupo Real Siambon, S.A., a company SuperBio's Sebastian Runza formed in South Carolina as Grupo Real Siambon, Inc. on February 2, 2007, before later registering it in Costa Rica. Schmidt’s case was filed on July 27, 2009 in United States District Court in Wisconsin’s Eastern District against Runza and William E. Marvin. 

While Runza’s current SuperBio “partner” Ronald Buckhannon, was not named as a party in the Wisconsin civil action, he did sign (as a personal “guarantor”) a formal $260,000 repayment agreement executed on November 24, 2008 with Schmidt, Runza and Marvin. 

On September 25, 2009, in U. S. District Court for Wisconsin’s Eastern District, Keith Schmidt was awarded a $323,668.70 against Runza and Marvin. (It is unclear why Ronald Buckhannon, although listed as a partner and a guarantor of the $260,000 debt, was not named as a party in the civil action.) 

Later that year, on December 11, 2009, Schmidt filed a formal “Notice of Filing of Foreign Judgment” in the Court of Common Pleas for Charleston County, South Carolina. Although the Notice was personally served on Runza, he failed to respond within the time required. 

On February 5, 2010, Schmidt filed an entry of default against Runza, and the judgment became enforceable according to South Carolina law. 

In addition, the judgment became a lien on any real property titled in Runza’s name in in Charleston County that day. 

According to documents filed in the matter in Charleston County’s Court of Common Pleas on July 21, 2017, Fidelity National Title Insurance Company paid Schmidt $100,000 to resolve a claim that his judgment was a first lien on an Isle of Palms, South Carolina property owned by Runza. 

Runza sold the Dunescape Villa property on June 25, 2010 in a $555,000 short sale, and had claimed all liens against the property had been discharged, except for one that favored him. 

Prior to September 25, 2009, Runza was the owner of the Isle of Palms condo, and had three mortgages against the property: a first mortgage to Pinnacle Financial Corporation securing a $997,500 loan; a second mortgage to Regions Bank securing a line of credit up to $275,760.00 and a third mortgage to Joyce Eagle in the amount of $200,000.00. 

On July 21, 2017, Fidelity National Title Insurance Company filed a complaint against Sebastian Runza in Charleston County’s Court of Common Pleas on seeking recovery of the $100,000 it paid to Schmidt, plus pre-judgment interest. 

Mediation proceedings in the matter are set to begin in Charleston County on February 16, 2018. 

Ronald Buckhannon is not named as a property owner in Charleston County, although he is listed as the owner of a Florida mobile home at 163 W. Avenue A in Key Largo.

Show me your financials, boys!

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