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Objectives |
Bring Leslie Stipek and anyone else involved to justice so they serve time for the crimes they may have committed. |
It is the opinion of many victims that Les Stipek knew that the investments he offered were frauds. Les solicited investors making 15 - 20% commission on "administrative fees". We believe that Les was a co-conspirator the Ponzi schemes and that he knew investors would never see their retirement money again. Les misrepresented the stability of the investments and assured investors that they were not risky when if fact most were frauds. They weren't just bad investments that didn't work out, they were frauds. They never intended to return any money to the investors. Instead, the money was used by the perpetrators to buy houses, cars, boats, travel and live a life of luxury at the expense of the investors.
If you have any information on Les Stipek's involvement with fraudulent investments, please submit them to this site or contact the California Department of Justice or the Securities Exchange Commission. |
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Recover and return the money that was taken from the investors. |
There are large amounts of money that are unaccounted for. In the last 8 years, Les had $6 million in personal income and now claims that he only has $500 to his name. In the last year, Les refinanced his house, his daughter's house and his son's house for a total of $1 million. Les claims he used the money "to live on" and has nothing left. That is $1 million on top of the $6 million he made in the last 8 years. Who can spend $1 million in a year and have nothing to show for it? We believe that Les has large amounts of money hidden away for himself after the dust settles. In addition to his personal income that is unaccounted for, we believe that Les is using the three twin energy investments that he operates to swindle additional funds from investors and launder money from his personal income that he claims to have invested. Les needs to be accountable for every dollar invested into A&N Twin Energy One, Bison Twin Energy and B&B Twin Energy. Every "expense" needs to be verified.
If you have any information on the financial dealings of Les Stipek or any of his investments, please submit them to this site or contact the California Department of Justice. |
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Prevent others from becoming victims of dishonest financial advisors that are only interested in the commission they receive from "selling" investments. |
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