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Alistar McIntyre, Birchtree, and Regus Business Center
Internal Administrator
Posted: Friday, August 12, 2011
Joined: 10/12/2010
Posts: 5780


Posted: 2/8/2004 8:21:27 AM

By: Hunter

Imagine a Regus Business Center pinged for allegedcly aiding in the scheme!!!!!!!!!

http://kansascity.bizjournals.com/kansascity/stories/2004/02/02/daily47.html?jst=m_ln_hl

State accuses two of fraudulently using Block unit name
Stephen Roth
Staff Writer
Two men have been using the name of an H&R Block Inc. subsidiary to defraud investors, according to a complaint issued Thursday by Missouri Secretary of State Matt Blunt.


Blunt's cease-and-desist order accuses Alistar McIntyre and Simon McDevitt with bilking international investors through the Internet by claiming to represent Birchtree Financial Services Inc., a licensed Oklahoma brokerage owned by Block.

The order also was served to virtual office provider Regus Business Center, which has locations in Kansas City, for allegedly aiding in the scheme.

Blunt has turned the case over to U.S. Attorney Todd Graves in Kansas City to determine whether federal charges are appropriate. Graves spokesman Don Ledford wouldn't confirm whether the U.S. attorney's office will investigate the matter.

Blunt spokeswoman Terri Durdaller said investigators don't know where McIntyre, McDevitt and others involved in the online scheme are based.

According to Blunt's order, the two men told international investors that they were licensed investment bankers for Birchtree who were based in Kansas City. They claimed investors' money would be deposited and held in an escrow account at the National Bank of Greece to comply with "short sale" regulations, and that investors would receive their money after a stock sale.

None of those statements were true, according to Blunt's office.

Regus Business Center's Kansas City location allegedly served as a virtual office for the scheme by answering the phone number listed on the phony Birchtree letterhead, as well as receiving and rerouting faxes.

A Block spokeswoman was unavailable for comment, but the financial services company was aware of the scheme and even tried to get its perpetrators to stop using the Birchtree name, according to a news release from Blunt's office.

Durdaller said Blunt's office received its first complaint about a company purporting to be Birchtree on Nov. 3. Though the scheme is believed to have been conducted worldwide, she said the Missouri secretary of state is the only government official to have filed a cease-and-desist against it.

"We are the first to take action because the investors thought they were dealing with a Missouri-registered broker dealing out of Kansas City, so that's why they contacted us," Durdaller said.

REACH STEPHEN ROTH at 816-421-5900 or sroth@bizjournals.com.




 

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