Dark Money

Blake Templeton and Zach Morrow’s Crypto and Real Estate Investment Ponzi Scheme Busted

Blake of Boron Capital, a High School Dropout from Lubbock, Texas is Livin’ the Rich Life On Other People’s Hard Earned Dosh via his Scam.

SEC Halts Fraudulent Real Estate-Related Investment Offerings

Litigation Release No. 25423 / June 15, 2022

REPUBLISHED BY LIT: JUN 22, 2022

The SEC’s complaint alleges that Templeton has raised more than $18.7 million since 2011 by selling securities issued by Boron, BC Holdings, and United in unregistered offerings.

In the United offering, which began in 2018, Templeton allegedly promised investors that they would receive 8% annualized returns secured by a UCC-1 lien and a mortgage on real estate.

The complaint alleges, however, that Templeton never filed the UCC-1 lien and failed to file a deed of trust to secure United’s interest in the real estate until 2021.

The complaint further alleges that, before filing the deed of trust, Templeton, in undisclosed transactions, granted a prior deed of trust to a large BC Holdings investor and signed an agreement subordinating United’s interest in the real estate to that of the large investor.

The complaint also alleges that Templeton falsely represented to investors that United would provide audited financial statements annually and that a renowned business consultant served on Boron’s board of directors.

In the BC Holdings offering, which began in 2021, Templeton allegedly represented to investors that their investments-on which he promised returns ranging from 10% to 12.5%-would be secured by real estate.

But as alleged, these investments too were subject to the large BC Holdings investor’s undisclosed priority deed of trust and subordination agreement.

The underlying real estate purportedly securing the investments of the United and BC Holdings investors allegedly produced insufficient revenue to satisfy promised investor returns, so Templeton made Ponzi payments to some investors.

The complaint further alleges that the note for the large BC Holdings investor matured on December 15, 2021, and the note’s extension periods expired on March 15, 2022.

With penalties, BC Holdings allegedly now owes the large investor more than $4 million, secured by this investor’s superior deed of trust on the property.

However, the complaint alleges that tax-assessor records show an appraised market value of just $2.15 million for the property, leaving investors at substantial risk of losing their entire investments.

At the SEC’s request, the Court issued a temporary restraining order halting the offering, as well as orders freezing defendants’ assets, appointing a receiver, and granting other emergency relief.

The Court has scheduled a hearing for June 28, 2022 on the SEC’s motion for preliminary injunction.

The SEC’s complaint charges Templeton, Boron, BC Holdings, and United with violating the securities-registration provisions of Sections 5(a) and 5(c) of the Securities Act of 1933 and the antifraud provisions of Section 17(a) of the Securities Act and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder.

In its complaint, the SEC seeks permanent injunctions, civil penalties, and disgorgement of ill-gotten gains, with prejudgment interest, against each defendant.

The SEC’s investigation was conducted by Melanie K. Good and Jody Z. Moore and was supervised by Timothy S. McCole and Eric R. Werner of the Fort Worth Regional Office.

The litigation is being conducted by Matthew J. Gulde and supervised by B. David Fraser.

Securities And Exchange Commission v. Boron Capital, LLC

(4:22-mc-01053)

District Court, S.D. Texas, Judge Al Bennett

REPUBLISHED BY LIT: JUN 25, 2022

Albert Black, III

So we were swingin’ past Blake’s YouTube channel with over 300 videos promoting his ponzi scam and we really thought that would be shut down, but he’s still posting away new videos.

What’s even more curious is this N.D. Texas case has been redirected on courtlistener, rather than shown as two separate but related case, e.g. as a separate and additional district claim to property. We find that unusual to say the least.

Update July 1, the redirect has mysteriously been fixed, N.D. Texas case is back where it should be, on it’s own docket and page.

The case is assigned to Judge Al Bennett’s chambers in S.D. Houston.

So there’s somethin’ goin’ on and we’ll be monitoring closely as this case is all about the $$$$.

Linkedin Profile

Albert C. Black, Jr. lives his personal and professional life with a commitment to his faith, family, friends, and to the free-enterprise system.

He serves as President of On-Target Supplies & Logistics, Ltd. a corporate supply chain management company he co-founded in 1982.

His role as the organization’s chief executive has never restricted him from serving the public as a volunteer and community leader.

Mr. Black was born in 1959, the youngest of seven children and raised in the Frazier Courts housing projects in South Dallas.

He attended Dallas public schools before attending college on an athletic scholarship.

He is a graduate of The University of Texas at Dallas (BGS, 82) and the Cox School of Business at SMU (MBA, 95).

An entrepreneur early in life, Albert is one with an agenda, to establish and develop successful companies in the inner-city.

Since the age of ten, he has cherished the ability to create jobs, improve the conditions of communities and coordinate the business activities of people.

Over the years his experience as a manager and leader has been formed by hard work, long hours and recovering from a lot of mistakes.

As President of On-Target Supplies & Logistics, Albert’s primary responsibilities are to assure the growth in profitability of the firm while guiding the transformation of the company’s management team.

The business has evolved from one that was firmly managed by a loyal entrepreneurial class of employees to a company that requires well trained, experienced professional people in every management position.

This development is taking place with the company’s mission and values in place.

On-Target’s central offices are located in southern Dallas with additional logistics operations throughout DFW, Sherman, Houston and Tucson, AZ.

Specialties:

He currently serves as a Chairman-elect of Baylor Health Care System Board of Trustees, a Regent of Baylor University, where he serves on the finance, marketing and development committees and Director of Southern Methodist University’s Cox School of Business.

Additionally, he is the Treasurer for State Senator Royce West and recently elected Mayor of Dallas, Tom Leppert.

U.S. District Court
SOUTHERN DISTRICT OF TEXAS (Houston)
CIVIL DOCKET FOR CASE #: 4:22-mc-01053

Create an Alert for This Case on RECAP

Securities And Exchange Commission v. Boron Capital, LLC et al
Assigned to: Judge Alfred H Bennett

Case in other court:  Northern District of Texas, Lubbock Division, 5:22-CV-114-C
Date Filed: 06/20/2022
Plaintiff
Securities And Exchange Commission represented by Securities And Exchange Commission
PRO SE
V.
Defendant
Boron Capital, LLC
Defendant
BC Holding 2017, LLC
Defendant
United BNB Fund 2018, LLC
Defendant
Blake Robert Templeton

 

Date Filed # Docket Text
06/20/2022 1 Receiver’s Section 754 Notice/Other Miscellaneous Relief ( Filing fee $ 49 receipt number ATXSDC-28342988.) filed by Albert C. Black, III. (Attachments: # 1 Exhibit A – Complaint, # 2 Exhibit B – Order Unsealing Case, # 3 Exhibit C – Order Appointing Receiver)(Roossien, Dennis) (Entered: 06/20/2022)

 


 

PACER Service Center
Transaction Receipt
06/25/2022 15:40:46

Securities and Exchange Commission v. Boron Capital, LLC

(7:22-mc-00145)

District Court, W.D. Texas

JUN 20, 2022 | REPUBLISHED BY LIT: JUN 25, 2022

We note the appearance of a case in W.D. Texas, so 3 out of the 4 districts have Boron assets.

U.S. District Court [LIVE]
Western District of Texas (Midland)
CIVIL DOCKET FOR CASE #: 7:22-mc-00145-UA

Securities and Exchange Commission v. Boron Capital, LLC et al
Assigned to: Judge Unassigned

Case in other court:  Northern District of Texas, Lubbock Division, 5:22-cv-114-C

Cause: 28:754 Receiver of Property in Different Districts

Date Filed: 06/20/2022
Date Terminated: 06/22/2022
Nature of Suit: 890 Other Statutory Actions
Jurisdiction: Federal Question
Receiver
Albert C. Black represented by Dennis L. Roossien , Jr.
Munsch Hardt Kopf & Harr, PC
500 N. Akard Street
3800 Lincoln Plaza
Dallas, TX 75201
(214) 855-7500
Fax: 214/855-7584
Email: droossien@munsch.com
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Plaintiff
Securities and Exchange Commission represented by Matthew J. Gulde
U.S. Securities and Exchange Commission
801 Cherry St Unit 18 Burnett Plaza
Suite 1900
Fort Worth, TX 76102
817-978-1410
Fax: 817-978-4927
Email: guldem@sec.gov
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
V.
Defendant
Boron Capital, LLC
Defendant
BC Holding 2017, LLC
Defendant
United BNB Fund 2018, LLC
Defendant
Blake Robert Templeton

 

Date Filed # Docket Text
06/22/2022 1 COPY of COMPLAINT for RECEIVER (Miscellaneous Filing fee receipt number 142), filed by Securities and Exchange Commission. (Attachments: # 1 Exhibit 1, # 2 Civil Cover Sheet)(jb3) (Entered: 06/22/2022)
06/22/2022 2 COPY of ORDER Appointing Albert C. Black III as Receiver for the estates of the Receivership Defendants. (jb3). (Entered: 06/22/2022)

 


 

PACER Service Center
Transaction Receipt
07/01/2022 20:00:51

Securities and Exchange Commission v. Boron Capital, LLC, BC Holdings 2017, LLC, United BNB Fund 2018, LLC, and Blake Robert Templeton,

No. 5:22-cv-0114-C

(N.D. Tex. filed June 14, 2022)

REPUBLISHED BY LIT: JUN 22, 2022

Formal SEC Complaint. Bookmark for Updates as we track the federal lawsuit.

Blake Templeton

CEO/Founder of Boron Capital
Official Member at Forbes Business Council

Extreme global economic volatility requires an untraditional wealth strategy to win.

The first NEW Rule of Investing is outpace real inflation. (As of 2022 it is 15%)

If you are interested in finding out more about our investment strategies, please call us at (806) 749-6122, or you can email Zach Morrow at Zach@Boroncap.com to set up a no obligation consultation to see if we are a good fit.

Mr. Templeton has extensive knowledge and expertise in Crypto Currency and Commercial Real Estate, and is partnered with some of the biggest names in these industries. For the last 16 years he has built wealth for his clients and as a growing firm, he is willing to help you as well.

The world has transitioned to a digital age.

Your Mission if you choose to accept it, is to build massive wealth in the next 24 months.

If you do not outpace inflation, your wealth will be stripped away from you and it is currently happening before your very eyes.

CEO

Boron Capital

2006 – Present · 16 yrs 6 mos
Lubbock, Texas Area

Boron Capital is a privately held real estate investment firm that has experienced exponential growth since its establishment in 2006 by CEO Blake R. Templeton.

Boron Capital, LLC. is named after the element Boron; an extremely rare element that in certain forms is stronger than a diamond. Boron is used in bulletproof vests, tanks, the strongest magnets, and as a replacement for diamond blades. Boron is produced with difficulty, has high strength but is lightweight, holds a resistance to thermal shock, is tougher under pressure, and is essential to life.

From its inception, Boron Capital has exhibited these qualities and has successfully sought to remain all of these qualities in an ever-changing investment world.

Boron has applied its investment strategy during varying market conditions by identifying supply-demand disproportions and fulfilling market needs in industries and locations with strong present and future economies. Boron accomplishes attractive risk-adjusted returns by specializing in sub-markets of real estate that run counter to declines in the national economy and is highly successful in producing substantial returns, despite downturns in the market such as the recession of 2008.

The national resource base and local presence Boron has in each investment location provides Boron with relevant proprietary information to ascertain and execute prudent investment developments.

Boron invests predominantly in corporate housing, luxury wedding venues, specific business niches, multi-family apartments, and hotels.

Welcome to the official Boron Capital Investments YouTube Channel, The Solomon Investor.

LINK TO OVER 300 VIDEOS ON BLAKE TEMPLETON’S YOUTUBE CHANNEL
(WHILE IT’S UP, IT SHOULDN’T BE, THEY ARE STILL CONNIN’ PEOPLE).

We are on a mission to engage more and more people in conversations about #financialwellbeing.

Blake Templeton is the CEO and Founder of Boron Capital, the investment firm that for 14 years and after 300+ transactions has never lost investors money. Blake also hosts The Solomon Investor Podcast and has written his newest book “The Solomon Way”.

Blake Templeton has been often featured as a Financial Expert in “Business Week”, “CNBC”, “Fox News” Networks around the country and many Business Journals including “Philadelphia Business Journal”, “Dallas Business Journal” and “Boston Business Journal” for his keen insight on how to protect and build wealth in emerging real estate markets.

Visit https://boroncap.com for our latest blogs, news, and more!

The sign of true con men is to make a video about Scams when you’re under investigation by the SEC who file a federal lawsuit the day you publish this video.

Just lookin’ at the pair of them, they are so uncomfortable in this video as they know they are in very hot water with the Federal government and it will take all their sales skills to negotiate this case, which we expect should lead to criminal lawsuits as well.

But this is Texas, and the government and judiciay just love a scam artist – so they have their best chance to ‘settle’ the charge(s) of financial crimes in Texas.

Zach Morrow
VP of Investor Relations at Boron Capital

Boron Capital with Zach Morrow

MAY 2, 2022 | REPUBLISHED BY LIT: JUN 22, 2022

This week Joe is joined by Marine Corps Veteran Zach Morrow.

Zach served on Active Duty for five years and was a member of the Marine Presidential Security Force.

As he transitioned into civilian life Zach continued his education and ended up owning his own gym.

While running his business, he was mentored by a client that would later offer him a position at his current company, Boron Capital. Zach and Joe discuss the importance of soft skills and qualities that lead Veterans to success and the importance of being prepared for opportunity.

He shares more information about Cryptocurrency and Real Estate investments. If you want to learn more about crypto, text info to 877-771-0615 to connect with Zach.

About Our Guest

Zach Morrow is a seasoned Real Estate and Cryptocurrency Hedge Fund manager who doesn’t just help protect his client’s wealth, he has actively protected 3 different U.S. presidents while serving on a Marine Presidential Security Force for a top secret facility and Department of the White House.

Now he focuses on serving investors through alternative asset classes like Blockchain Technology, Cryptocurrency, and specific sectors of Real Estate. Zach serves as the VP of Investor Relations for Boron Capitals family of investment funds, whose teams have created triple digit returns and consistently outpaced Bitcoin.

Firefly Gardens LLC v. Boron Capital LLC

(3:20-cv-02496)

District Court, N.D. Texas, Judge Barbara M. Lynn

AUG 24, 2020 | REPUBLISHED BY LIT: JUL 1, 2022

Architectural Copyright Infringement, Wedding Venue.

Lawsuit Claims Goodwin Law Facilitated Commission of a Crime in Known $44M Ponzi Scheme

Aiding and abetting is a legal doctrine related to the guilt of someone who aids or abets another person in the commission of a crime.

When You’re A Thievin’ Texas Lawyer, You Can Steal $3.4 Million Dollars and Just Resign. No Criminal Charges Recommended.

Officers of the Court are supposed to be held to a higher standard. In Texas that standard is called corruption: Lie, cheat and steal.

Federal Judge Asserts Texas Foreclosure Defense Lawyer’s Repetitive Filings Are Beyond A Joke

Texas lawyer Juan Angel Guerra is no stranger to the law, both sides of it. However, his days as a foreclosure defense lawyer appear bleak.

Blake Templeton and Zach Morrow’s Crypto and Real Estate Investment Ponzi Scheme Busted
Click to comment

Leave a Reply

Your email address will not be published.

Laws In Texas is a blog about the Financial Crisis and how the banks and government are colluding against the citizens and homeowners of the State of Texas and relying on a system of #FakeDocs and post-crisis legal precedents, specially created by the Court of Appeals for the Fifth Circuit to foreclose on homeowners around this great State. We are not lawyers. We do not offer legal advice. We are citizens of the State of Texas who have spent a decade in the court system in Texas and have been party to during this period to the good, the bad and the very ugly.

Donate to LawsInTexas. Make a Difference.

Subscribe to Our Newsletter

We keep your data private and share your data only with third parties that make this service possible. See our Privacy Policy for more information.

© 2020-21 LawInTexas com is an online trading name which is wholly owned by Blogger Inc., a nonprofit 501(c)(3) registered in Delaware. | All Rights Reserved.

To Top