The June 2020 press release George Devolder linked to on his archived Twitter page (@devolder) about Harbor City Capital mentions the CEO JP Maroney -- who was charged by the SEC for running a Ponzi scheme -- but it quotes Santos/Devolder throughout. And yet, we are supposed to believe Mr. Santos' claim that he knew nothing about a Ponzi scheme? And of course he was never charged.

https://web.archive.org/web/20201110022423/https://finance-yahoo-com.cdn.ampproject.org/c/s/finance.yahoo.com/amphtml/news/harbor-city-capital-corp-announces-123400420.html

#Devolder #devaughndames #harborcity

For the record, it appears that after the FTC sued Financial Education Services/United Wealth Services this summer -- calling it a $213 million pyramid scheme -- a month later their preliminary injunction against this entity was denied. It's still not clear why.

https://behindmlm.com/companies/ftc-denied-financial-education-services-preliminary-injunction/

That might explain why the UWE site that comes up when one visits Mr. Dames' vanity domain is still going strong.

Also, FES/UWE has two Apple store apps -- UWE Agent, and MyHealthCare2Go.

https://apps.apple.com/us/developer/financial-education-services-inc/id1446777066

#Devolder #georgesantos #devaughndames

The first address listed in the Florida Devolder incorporation documents — 336 N. Babcock St, Suite 101 — is displayed in Google Street View as the address for a gynecology clinic, at which Mr. Dames’s LinkedIn page says he’s the virtual CFO.

According to a Dec. 23 post on TalkingPointsMemo.com, D&D was first incorporated in 2007 and led by two directors: DeVaughn Dames, and Odette Daley, a gynecologist whose practice has earned decidedly mixed reviews. From that story:

“The pair, who are married according to multiple records, initially operated their company out of a residence before moving its ‘principal place of business’ to the office park in 2010. In the park, D&D was headquartered at the same address as Daley’s gynecological practice, which has since closed.”

“D&D continued to be based out of Daley’s medical office even after she filed paperwork to resign her position as a director of the company in February 2020. Daley, who continued to be identified as a vice director at the firm in its 2021 and 2022 annual reports, did not respond to a message left at her office. In its 2022 annual report, D&D’s ‘principal place of business’ was identified as the address of a mailbox rental company.”

The other suite at that address listed on the Devolder application — Suite 104 — is the home of ManagedITSolutions[.]net, which lists its point of contact as “Mike Ricks.” But the phone number associated with that domain — 786-390-1377 — is also in the WHOIS registration records for devaughndames[.]com. Perhaps Mr. Dames is or was virtual CFO here as well, although his extensive LinkedIn profile is silent on this front.

A generous reader of the Florida incorporation documents for Devolder Organization might conclude that perhaps Mr. Dames was acting purely as its registered agent. But the fact that the Devolder records name three addresses and entities tied to Mr. Dames hints at a stronger connection.

#devolder, #devaughndames #georgesantos

This part got me, from the NYT story on Dec. 19:

"His financial disclosure forms suggest a life of some wealth. He lent his campaign more than $700,000 during the midterm election, has donated thousands of dollars to other candidates in the last two years and reported a $750,000 salary and over $1 million in dividends from his company, the Devolder Organization.

Yet the firm, which has no public website or LinkedIn page, is something of a mystery. On a campaign website, Mr. Santos once described Devolder as his “family’s firm” that managed $80 million in assets. On his congressional financial disclosure, he described it as a capital introduction consulting company, a type of boutique firm that serves as a liaison between investment funds and deep-pocketed investors. But Mr. Santos’s disclosures did not reveal any clients, an omission three election law experts said could be problematic if such clients exist."

https://www.nytimes.com/2022/12/19/nyregion/george-santos-ny-republicans.html

Something tells me the SEC and/or the FTC know a lot about his, er..."clients."

#devolder #devaughndames #nyt #georgesantos

So where were we? Ah yes, Mr. Dames, whose name and other info is attached to both of the addresses listed on Mr. Santos's Devolder entity.

Mr. Dames's linkedin page says he also was CFO at Harbor City Capital Management. Surprise! This one's an out-and-out scam as well. Per the SEC:

The Securities and Exchange Commission (“SEC”) announced on April 26, 2021, that it filed an emergency action and obtained an asset freeze to stop an alleged ongoing fraudulent Ponzi scheme. The SEC claims that from 2015 to 2021, Harbor City Capital Corp. (“Harbor City”) and its founder and CEO, Jonathan P. Maroney raised more than $17.1 million from over 100 investors through unregistered, fraudulent securities offerings.

The defendants originally sold the securities as promissory notes and agreements, offering investors 2%-6% in interest rates for 12-36 months. The investors were promised a full return on their investment principal. The defendants solicited money through Harbor City’s website and online marketing videos posted to YouTube and social media platforms like Facebook. The investors were told in the marketing videos that their money would be used to fund Harbor City’s lead generation business which the SEC claim describes as the process of capturing online interest in a service or product for the purpose of developing sales leads. #devolder, #santos #georgesantos #harborcity #devaughndames