So much lying nonsense, so little time. Just to correct a small part of the swindler, Johnson's idiocy...
We do NOT say that all the people who foolishly threw money away on con man Johnson's GGC affinity fraud are equity investors in the project. We have said that there were different classes of investors in GGC:
- equity investors in Inmobiliaria Galt's Gulch,
- equity investors in Agricola y Comercial Galt's Gulch (notice he doesn't mention them),
- "second round founders" who loaned money to Inmobiliaria GG,
- people who loaned money to Agricola.
All of these people are investors in the GGC project, either as equity or note investors, whether this liar will admit it or not. These people put up the vast majority of the $10.05 million that was supposed to go to developing a real estate project.
And you might wonder how much money Johnson paid into GGC to be called an investor. $ZERO. Not. One. Thin. Dime. He took sole ownership and control through fraud.
Ken Johnson's Galt's Gulch Chile Affinity Fraud: When Is a Partner Not a Partner?
Ken Johnson's Galt's Gulch Chile: In the Beginning There Was Fraud
Ken Johnson's Galt's Gulch Chile Affinity Fraud: Who Owns How Many Shares and What Did They Pay?
The rest of the people put money down to reserve a residential lot. Most people refer to those who buy real estate as real estate investors. We are well aware that these buyers don't have an investment in the GGC project and we never said they did. Nevertheless, it is standard practice to refer to such people as investors and we do.
And about the Paraguay passport scam, TDV passports sent Johnson $150k for passport processing just before the illegal operative in Paraguay was raided. Instead of returning that money so that Berwick could refund his clients, Johnson pocketed it. Johnson is the one who left the clients high and dry. For more on swindler Johnson's passport scam, see our blog post: The Cantwell Interview: Johnson Cornered
Berwick never made a "hostile takeover attempt" on GGC. No one did. Total fabrication.
Johnson refunded two people but left 73 people owed $10.05 million by GGC and stole another 400k in related scams. One investor Johnson only refunded after the guy threatened to go to the GGC marketing event at the farm and out him there as a fraud to everyone attending unless he paid back the investor's money. Is that supposed to show virtue????