Loral Langemeier is a con artist who portrays himself as a self-proclaimed financial guru. The Securities and Exchange Commission (SEC) brought charges against her and her company, Live Out Loud Inc. (LOL), for the sale of securities in unregistered oil and gas offerings.
In addition, the Securities and Exchange Commission has accused them of functioning as unregistered securities brokers and violating their duty as fiduciaries.
Loral Langemeier In addition, Live Out Loud failed to disclose any financial conflicts of interest that may have existed about the products.
On June 15th, 2022, she was accused of wrongdoing by the Securities and Exchange Commission. Additionally, it submitted the suit to the United States District Court for the District of Nevada in Reno.
The SEC alleges in its complaint that during 2016 and 2018, Loral Langemeier represented herself as an expert in financial matters.
Through the use of Live Out Loud, she was able to attract a large number of customers, the majority of whom were retirees and proprietors of small businesses.
They were willing to pay her fees of up to $30,000 in order to receive objective financial advice from her presumably. It would appear that Loral was successful in persuading a good number of them to sell their conservative investments and place the proceeds in self-directed individual retirement accounts.
In addition to that, she suggested that they invest in unregistered oil and gas securities products sold by Resolute Capital Partners Ltd., LLC, and purchase securities in those products.
Also, they sold the unregistered investment products of Homebound Resources, LLC.
Both of these companies have received SEC regulatory action before.
More Details on the SEC Complaint against Loral Langemeier
In essence, Loral was utilizing Live Out Loud as a platform to peddle the unregistered and high-risk financial products of two questionable businesses.
In addition, the SEC claims that Loral was compensated in a manner that was not disclosed when she marketed these items and that this pay totaled hundreds of thousands of dollars. These payments took the form of commissions for the work done.
In addition to this, she did not disclose her own equity interests in certain issuers of the products that she was selling.
The Securities and Exchange Commission (SEC) asserts that Loral Langemeier violated her duty of loyalty as an investment adviser by failing to disclose the aforementioned conflicts of interest.
The Securities and Exchange Commission (SEC) has filed a complaint against Loral, charging the company with breaching Sections 5(a) and 5(c) of the Securities Act of 1933, as well as Section 15(a) of the Securities Exchange Act of 1934.
In addition, the complaint asserts that Loral broke the Investment Advisers Act of 1940 Section 206(2) by engaging in unsuitable conduct.
In addition to that, it requests pre-judgment interest, injunctive relief, and the return of any ill-gotten gains.
Loral Langemeier’s History of Running Scams
Langemeier built a powerful marketing machine for his company by presenting at seminars, utilizing social media, and utilizing online media.
The title of the article that can be found on her primary website, liveoutloud.com (LOL), is “How to Finally Stop Worrying About Money and Turn Things Around in 2010!”
In order to meet Loral in person during Live Out Loud, you will be required to pay a fee of $8,995 dollars.
Without a doubt, that is a really large amount. But that’s not the end of it.
Participate in any of the other seminars will set you back at least $1,495.
On her website in the past, Loral would make assertions that she would “Keep you in cash!”
In the video that she has uploaded to YouTube, she states that “…continued education are the building blocks of your Wealth Cycle, engaged with continuous ideas for direct asset allocation.”
While she is reaching for people’s wallets, Langemeier keeps people interested by talking about money in unusual ways while she does so.
To give the impression that she is knowledgeable, she frequently uses jargon and filler language.
People who are interested in making more money, having a better life, and spending more time with their family visit Langemeier’s website, liveoutloud.com, as well as other websites that carry her work.
These websites are only the gateways to a deceitful underworld that is murky and challenging to comprehend.
When Loral Langemeier interacts with people who could become her victims, she engages in a potentially harmful confidence game with them.
She issued them a challenge to pursue their goals and make investments in the several business options that she claimed she had researched.
When Loral Langemeier interacts with people who could become her victims, she engages in a potentially harmful confidence game with them. After that, Loral attempted to flee the scene while concealing her portion of the initial investment funds that had been collected.
The Big Table Concept
It is very clear that the majority of the presentations she delivered centered on promoting her “Big Table” gatherings.
A significant number of individuals have voiced their dissatisfaction with the fact that Loral and her crew frequently phone them in an effort to boost sales of her seminar tickets, books, and CDs.
The Big Table is nothing more than a snare. You will be required to spend $8,995 in order to participate in any one Big Table meeting. In addition, you won’t learn until after the fact that the purpose of the gathering is to coerce you into investing in her investments.
She was trying to market the fraudulent product Live Out Loud, and she was utilizing The Big Table to do it. In order for you to get an understanding of how the con was pulled off.
It was stated in one of the lawsuits filed against her that Loral Langemeier received concealed commissions from the high-risk investments and unregistered financial products that she pushed at her Big Table meetings.
In addition to that, she reached a settlement in the Wolf v. Langemeier case in 2009. It has something to do with this problem as well.
Susan Trindle v. Loral Langemeier (Flying Emu LLC) was yet another case that she had to deal with. Once more, she was successful in persuading the court to put the matter on hold in favor of arbitration.
Loral Langemeier Big Table is A Well-Organized Manipulation Scam
The attendees of the Big Table conference had high hopes that Loral would share their specialist knowledge with them. After shelling out thousands of dollars for the privilege of attending, they have high hopes of picking up some lucrative new skills.
What Loral is genuinely successful at is bringing paying customers into an environment that has been properly crafted.
Participants are required to provide answers to a wide variety of questions regarding their financial disclosure, including inquiries regarding their incomes, expenses, assets, and liabilities, as well as whether or not they are prepared to apply their patented “Wealth Cycle” strategy.
Unquestionably, the only correct answer is yes to the question.
As soon as all of the participants are present, she gets to work trying to coax as much investment capital as she can out of each one of them.
The operation would proceed as follows: Loral would place interested parties at the tables with possible victims.
After then, the plants would demonstrate a great deal of interest, which would simultaneously pique the interest of the victims.
The fact that Loral Langemeier is receiving pay for marketing certain transactions is never brought to the investors’ attention.
In addition, victims assert that Langemeier is willing to accept payments in the form of upfront commissions and/or ownership stakes.
She does this by having her friends, such as Dr. Phil and T. Harv Ecker, appears on her show as guests. This gives the impression that she is credible.
As a consequence of this, people begin to effortlessly trust her speeches.
However, they are unaware that within the crowd there are other participants who have been planted. They do not become aware of the fact that she is trying to defraud them until the very end.
In addition, victims have reported that Loral Langemeier’s “Alumni” seminars are extremely costly for them to attend.
Within Langemeier’s investment “Community,” these are “higher-level” participation events that are intended to provide an insider’s perspective on possibilities that are just on the cusp of breaking out.
Products Loral Langemeier Promoted in Her Events:
The Entrust Group
Loral teaches her students to invest more fixed assets in self-directed IRAs. They are substantially more liquid.
This way, the investors can easily transfer their savings to her numerous business offerings.
The owner of the Entrust Group, Jerry Pearson, runs multiple ventures with Loral.
Moreover, he has received significant funds from the self-directed IRA firm as well as Crumbs R Us (a real estate venture of Loral and Jerry).
LOL, meetings were used by Loral to promote this company. In addition, the Entrust Group was able to obtain a significant amount of personal information regarding possible victims thanks to her rigorous questioning.
Real Estate Venture (Trinity)
During the three-day Big Table event that took place from September 14 to September 16, 2005, Loral encouraged attendees to invest their money in a business that was referred to as “Trinity.”
It is a business enterprise involving real estate.
According to the testimony of one victim, he initially put up $200,000 and then added another $50,000 in the investment with the aim of achieving a return on investment of 17%.
In response to allegations of fraudulent activity, Loral Langemeier took action to safeguard the revenue stream of her company by making a commitment to return the investment within seven years.
Due to the fact that she was unable to make the required payments on time, the repayment period was eventually extended by ten years.
During the month of June 2010, she issued a notification.
It was said there will be no more payments made to the investors.
In addition, she disclosed that she will maintain her support for Live Out Loud.
In the meantime, Loral maintained her portion of the money that belonged to the victims.
A Multi-million failure: Cafe Z
Loral Langemeier was reportedly introduced to a group of investors who attended an event hosted by Gorilla Business School.
Loral discussed a variety of available business prospects at that location. One of them was called Cafe Z.
The investors claim in their affidavits taken under oath that one of them put more than two hundred and fifty thousand dollars into Cafe Z.
However, because the proprietor wasn’t able to run the café in an efficient manner, it was eventually closed down. The Cambridge License Commission detailed many infractions, such as the establishment’s failure to pay for a worker’s insurance, the receipt of noise complaints, and the establishment’s refusal to replace the manager.
Take into consideration the fact that Loral and David Zebny, proprietors of Cafe Z, had already raised millions of dollars for the business.
The unexpected failure of Cafe Z forced several potential investors to withdraw their support for the business.
On the other hand, Loral and David never bothered to open the accounting books for the business. Because of this, nobody was able to figure out where the money had gone.
The numerous victims were never given any answers to the questions they had. The requests that the investors made were consistently disregarded by Live Out Loud and Loral Langemeier.
David submitted his bankruptcy petition in the year 2009. Therefore, the investors lost all of their millions and received nothing in return.
Loral Langemeier’s Real Estate Scam: CRU aka Crumbs R Us
Crumbs R Us was established by Jay Pearson, who also heads up operations for the Entrust Group throughout the Midwest. It was a business enterprise involving real estate.
After hearing that Crumbs R Us promised profits of 12%, a number of investors decided to put their money into the company. In addition, the investment asserts that it presented a safe backing in the form of promissory notes and a substantial amount of real estate.
Not to mention the fact that Loral strongly promoted CRU as well.
The idea asserted that it would buy properties for a modest price (less than $100,000) and then rent them out for between $400 and $500 per month.
After some time had passed, it was revealed that the project intended to sell the properties for a profit after having earned a large amount of rent from them.
In 2009, the notes became due, but by that time, Loral had already swapped them to Jay Pearson in exchange for assets that were kept secret.
In addition, Jay Pearson was the proprietor of Clear Zone Nursery and a resident in Alexandria at the time the business was established.
In essence, Loral had come to the conclusion that she did not wish to continue paying the investors. Therefore, she made the decision to sell the promissory notes to Jay.
A statement was delivered by Jay’s attorney back in August 2009. It added that Jay was doing everything in his power to ensure the survival of the “small business venture” despite the challenging economic climate. Therefore, he does not want to pay the promissory notes since he does not want the project to fail financially.
It is obvious that Loral was aware from the beginning that the endeavor would not be successful.
She relieved Jay of the responsibility for the debt, and she walked away with her share of the profits.
Later, she claimed that Jay used her name without her consent to promote Crumbs R Us. However, they have been partners in multiple ventures together including Market at the Greens and Clear Zone Nursery.
FPS, also known as First Payment Solutions, was a corporation that enabled businesses with employees located in other countries to pay those employees in the employees’ native currencies using credit cards.
In keeping with the pattern I’ve established thus far, Loral made extensive use of her events to publicize the endeavor.
One of the victims disclosed that he initially put up $50,000 and then added another $5,000 to his investment in this company.
First Payment Solutions disappeared from the industry overnight, seemingly without a trace. This fraudulent enterprise was responsible for the loss of numerous investors’ life savings, much like him.
It was presented by Loral Langemeier as though it were the upcoming major trend.
Who is Loral Langemeier “The Millionaire Maker”? What She Claims to Be
I have, up to this point, detailed how Loral operates each of her cons. In the following paragraphs, I will discuss what she portrays herself to be.
After all, she is an experienced marketer who has been successful in misleading others into investing hundreds of thousands of dollars in her suggestions, regardless of whether or not they are genuine.
She considers herself a money expert and is in high demand as a public speaker. Also, Loral asserts that she is a five-time best-selling author who wishes for more people to achieve financial success and become billionaires.
Put More Cash in Your Pocket, The Millionaire Maker, The Millionaire Maker’s Guide to Creating a Cash Machine for Life, The Millionaire Maker’s Guide to Wealth Cycle Investing, and YES! Energy is the title of the book written by Loral Langemeier.
Conclusion
After reviewing the information presented above, it is clear that Loral Langemeier is nothing more than a con artist.
She asks attendees to pay hundreds of dollars in order to participate in her events. There, she promotes particular investments that may or may not be subject to regulation.
Recently, the Securities and Exchange Commission (SEC) took action and charged her with fraud as well as breaching her fiduciary duties. It is conclusive evidence that Loral has for some time been advocating for unregistered investments.
In addition, the SEC asserted that she was getting commissions from the stocks that she marketed without disclosing them.
All of this points to the fact that you should keep a safe distance from Loral and the things she sells.
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