Valcor Investment WAS a fraud after all.. according to a visitor.

According to a visitor of this blog, the Valcor people have run away and there is no more money. Now there's a surprise. All US residents should contact the SEC.

Anonymous said...

As on Novemebr 09, the equipment is all gone, Valcor does not exist anymore for any practical purpose. The main guys are all broke, "everyone else's fault"
Kiss your money goodbye, it is all gone, wasted, disappeared.

A post by a visitor to this blog shines some light on the Valcor fraud...

I arranged a buyer for some containers of hardwood and a possible large investor for Valcor. If sample deliveries were satisfactory, the buyer would arrange a sizable investment to get things rolling. Together with my associate, the investor/buyer visited Nicaragua and met with Val Pacheco. This was in April 2009. The buyer ordered several containers of lumber, to be paid for F.O.B. an Atlantic port in Nicaragua. Upon returning to the USA, the buyer called Val Pacheco almost daily to find out when his lumber would be delivered, but nothing ever showed up at the designated Nicaraguan port. At the same time and immediately afterwards my associate made contact with several local "lumber"
sources, who advised us that Val Pacheco's so-called timber concessions were not worth the paper they were written on. In fact we met one local lumber company that had the actual government concessions.

At the same time that all of this was happening, Val Pacheco advised us that the San José, Costa Rica office (meaning Vince Matlock's CR Premier Realty office)was mis-appropriating funds and that we were not to do business through them, but rather directly with him, Val Pacheco. Needless to say this left a rather sour taste with myself, as I am an investor in Valcor through the Costa Rica
office. Shortly after these events CR Premier Realty newsletters stopped and their Escazu office closed, with phones ringing but no one answering.

I confronted Val Pacheco with these issues, in question form, after he accepted my invitation to correspond through one of the common business networks (LinkedIn I think?). However, he never bothered to respond to any of my
questions, such as why he couldn't make deliveries for cash to the Nicaraguan port my buyer had arranged. Clearly, we are dealing with a very small operator who is completely out of his depth.

I do a lot of business in Colombia. Maybe I need to put a Colombian collection agency on the job?

August 21, 2009 5:32 PM