United American Ventures

United American Ventures UAV Ponzi Scheme Internet

15th of Jan, 2011 by User688845

Mwife and I invested in UAV after attending a "Seminar" given by them in the 2008 time frame. A red flag should triggered in our minds when they were listing all these supposed successful pharmceutical companies that they had listed in the NASDAQ which I and other attendees have never heard of before. The worst part of this seminar was that they were telling the attendees that did not havecash to invest to actually take out loans for the UAV investment. Their premise was that the returns of 25% would easily cover the interest on the loans. I later found out that for each investor that was referred to UAV for investment that the person/company that made the referral would get at least a 10% referral fee.

It amazes me that Eric Hollowell, an ordained deacon, can still write to his investors telling them that the SEC findings are a lie and that he is working deligently to turn around the company.

After reading the SEC Report on UAV, my wife and I have accepted that UAV is a fraud and all of their investors including us have been defrauded out of a significant sum of money. We take the blame to the extent that we broke our cardinal rule of if something sounds too good to be true-it is too good to be true! Fortunately we both make a good living so we will be able to absorb this financial hit but feel bad for the multitudes of investors that had to take out loans or life savings to invest in this fradulent comapany.

Eric Hollowel and his associates like Bernie Madoff should do some prison time for their fradulent and reckless deeds; maybeMr. Hollowellcan preach to the inmates while he is in prison!

***Please read the SEC Report if you are thinking of investing in UAV****

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