BlueRidge Group Investment

Invested $25,000 in 2005 and receive very small yearly dividends. Not as promised. I feel completely ripped off with this investment. We had a large pool of investors from Nebraska and they all lost a lot of money to this group. We tried to get our money back to no avail. Robert D Burr was President at the time, and he and other people from this company came to Lincoln, NE where we live and put on a big presentation. We are retired and don't have this kind of money to lose. We were certain we would recoup our investment, as well as make money on a monthly basis, but that never happened.
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1 comment
#1494061

I lost about $70,000 to those expert liars. The Ca Justice Department filed suit against them but they slipped through on a technicality.

James Duhon was the salesperson that set me up. They are now barred from sales in Ca.

ID
#986567 Review #986567 is a subjective opinion of poster.
Location
Bowling Green, Kentucky
Service
Blue Ridge Group Investment Service
Cons
  • Return on investment
Reason of review
Not as described/ advertised
Loss
$25000
Preferred solution
Full refund

Blue Ridge Group of Bowling Green, KY, Under Investigation

Bowling Green, Ky. September 10, 2014. Colt Ledger & Associates, Inc. has just completed an exhaustive investigation into the oil and gas drilling programs of Blue Ridge Group of Bowling Green, Ky. The results of that investigation have been compiled into a "Research Report" backed by apparently irrefutable facts that will lay the foundation for the complaints being filed with the SEC, FBI, USPS, IRS, USSS multiple State Securities, and prosecutorial agencies. Blue Ridge Group has over 200 separate allegations filed against them, including but not limited to selling unregistered securities, general solicitation, wire fraud, money laundering, mail fraud, and bank fraud. It appears that Blue Ridge, in filing the "Form D" 506 exemptions did so with full knowledge they would be furnishing "sales leads" to their telemarketing "boiler rooms," indicating a willful intent to commit premeditated securities fraud. The use of "general solicitation" means the securities were no longer exempt and were required to be registered.Blue Ridge appears to have knowingly and willfully violated basic securities regulations that possibly led to criminal activity. Clients have provided Colt Ledger and Associates, Inc. with sworn affidavits stating that they were made promises and in turn invested their money only to see little or no money in return. Blue Ridge Group appears to have fraudulently taken almost $2.2 million combined from 13 of Colt Ledger & Associates Inc. clients. Colt Ledger & Associates has filed the complaints with the proper authorities, in which they will now handle the cases accordingly. The public is reminded that a complaint only contains allegations and is not evidence of guilt. Everyone is presumed innocent unless and until proven guilty.
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ID
#532328 Review #532328 is a subjective opinion of poster.
Location
Bowling Green, Kentucky

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