Gunnar Legas: Future Cougar QB?

[RC Vikings]

Gunnar needs to work on his footwork.

[Joe Public]

What this dude doesn't realize is he has violated securities laws. If anyone knows him, youd be a friend by telling him to take this down and save himself some jail time and others from investment losses.

If his scheme works he should use his own money for a few years to get a track record and then properly register his product.

This is a pure unadulterated violation of the 40 Act.

I was seeing it more like this. He buys a house, improves it, then sells the house to a third party for a profit. Then, the third party contracts with his management company to manage the property.

[falafel]

I was seeing it more like this. He buys a house, improves it, then sells the house to a third party for a profit. Then, the third party contracts with his management company to manage the property.

I have a feeling that using his management company is part of the bargain.

[New Mexican Disaster]

Gunnar needs to work on his footwork.

Gunnar is all arm in his throwing motion it looks like to me.

[Viking]

I was seeing it more like this. He buys a house, improves it, then sells the house to a third party for a profit. Then, the third party contracts with his management company to manage the property.

He's selling interests in an unregistered security to the general public and worse yet, he's guaranteeing returns. If anyone gives him money and he loses it, he goes to jail.

Plus, he's in Utah, which is a very difficult place for investment managers bc of all the fraud there. I'm sure the Division of Securities would love to see this video.

[KillerDog]

He's selling interests in an unregistered security to the general public and worse yet, he's guaranteeing returns. If anyone gives him money and he loses it, he goes to jail.

Plus, he's in Utah, which is a very difficult place for investment managers bc of all the fraud there. I'm sure the Division of Securities would love to see this video.

My guess is he isn't selling interest in an unregistered security. I think it more likely that he is selling his services in identifying, renovating and acquiring section 8 status for foreclosed investment properties. He is walking a fine line though with that video and crossing it is serious business.

[Viking]

My guess is he isn't selling interest in an unregistered security. I think it more likely that he is selling his services in identifying, renovating and acquiring section 8 status for foreclosed investment properties. He is walking a fine line though with that video and crossing it is serious business.

I think Utah is pretty aggressive in its definition of security...I believe it's something like 6 people or more investing define a security at present. It's pretty clear this guy is outside the lines.

[Joe Public]

I think Utah is pretty aggressive in its definition of security...I believe it's something like 6 people or more investing define a security at present. It's pretty clear this guy is outside the lines.

The last time I looked into it, Utah specifically excluded the sale of an entire interest in real estate as well as fractional (TIC-style) interests up to 10 owners from the definition of a security. It's been several years since I looked at this, though, so you may very well be right.

[LiveCoug]

Gunnar coming to BYU as a preferred walk on...

[dcu6118]

In what should probably surprise no one, it turns out Gunnar's dad has a can't fail real estate investment opportunity he'd like to discuss with you.

Ugh....It's crap like this that makes the 1% we pay our financial planner worth every penny.

"oh, you have a business opportunity? Great, talk to our FP and if he thinks its something we should be involved with he'll let us know."

...Good luck with all that.

"Have you ever guaranteed a 20% annual return on an investment you were trying to sell?" should be a temple recommend question.

What this dude doesn't realize is he has violated securities laws. If anyone knows him, youd be a friend by telling him to take this down and save himself some jail time and others from investment losses.

If his scheme works he should use his own money for a few years to get a track record and then properly register his product.

This is a pure unadulterated violation of the 40 Act.

I know a guy who does this very thing on a large scale. His biggest difficulty is placing the properties for sale after he gets tenants in. The cap rates look good but the reality is a regular stream of crappy tenants, a run down property, constant foreclosure and poor returns relative to the investment capital, amount of leverage involved, and the amount of work involved.

Looks like you guys saw the ponzi scheme ($28 mill), this was filed by the SEC a couple of weeks ago:

https://www.sec.gov/litigation/litre...16/lr23451.htm

The Securities and Exchange Commission obtained an asset freeze and other ancillary relief against Marquis Properties, LLC, and its CEO/President Chad R. Deucher for orchestrating a $28 million Ponzi scheme that defrauded more than 250 investors throughout the United States.

...

• Marquis represented that it would use investor funds to purchase real properties and that investors would receive guaranteed profits and return of principal upon sale of the properties. Marquis represented that investments were safe and low risk because the notes and investment contracts were 100% collateralized by valuable real property.

Google connects Adam Legas with the main guy in the SEC charge:

http://archive.sltrib.com/story.php?ref=/ci_11574165

Then Adam Legas and Chad Deucher of Throwdown Elite Training Center gave him a call, urging him to come back and pledging their financial support to make it possible...

http://www.onthemat.com/node/10614

"We are very pleased to be able to offer our fans in Utah another Premier fight event," said ThrowdownETC co-owners Adam Legas & Chad Deucher...