Kodiak Capital Group / Fraud
Kodiak Capital Group LLC, Ryan Hodson, William Newell, Colin Manners, Larry Thompson, Jason Alexander
Investigation Reveals numerous Lawsuits Alleging Extortion, Racketeering in Organized Crime Act (RICO), Upfront Fee Scam, Fraud, Litigation, Failure to fund, Fraudulent inducement and Conspiracy, Unfair Trade Practices, Dishonest Business Practices, Alleged Investigation by Federal FTC for Unethical/Unscrupulous Activities.
Allegations: A friend of mine related she was an agent working on a transaction she was looking to fund and she was allegedly contacted by this Ryan Hodson person. He claimed to be the head of a private equity investment firm.
Kodiak Capital is a private equity investment firm making investments in transaction sizes of $1-100 Million
An investigation into Kodiak Capital reveals that they have no real funds under management. But by the time I tried to help her it was too late.
They had allegedly played some kind of shell game with her clients and basically took them away from her but also took her clients for a ride.
They also had to pay an upfront fee in hundreds of thousands of dollars.
They also do not provide any real investments into companies. Evidently what they allegedly do is take a company shares, dump them in the market and take that cash and give it to the company. It seems they claim they need the shares to prevent delivery falure but in fact they just sell the shares before they give the cash. Text book case of a "death spiral" funder.
If you look at the linkedin bios of their team they claim to be a "operationally driven private equity firm" that makes non-control
investment in public companies. They also claim to have done hundreds of transactions, but almost all of the time it seems that they are making a fraudulent announcement that a funding has occurred, when in reality they have just agreed to an equity line.
However they never show any financials and they do not actually have any funds under management.
Who is this Ryan Hodson the head of this private equity firm depending on which bio you read? A rugby player!
Just red all about their funding of cMoney, a mobile phone company that the SEC has charged with numerous counts of FRAUD.