Blue Ridge Group review: Fraud 6

Promised a 10% to 15% return on proven reserves. Over 3 years, netting a 4% return after accounting for tax credits with $65K at risk. The last quarterly check was for $300...1.8%. Anemic.

I worked for the Blue Ridge Group for 1 year. And have been selling private placement investments since 2007. I found Blue Ridge to be a very honest company. Surprisingly, there were bi-weekly updates on each and every well from the CEO. There were no absolutely No promises of returns made to the clients. And what I found different was they actually tried to mitigate the clients risk by coupling the high risk oil and gas investment with low risk mortgage backed securities program. Are they perfect? No..but, are they honest and trustworthy absolutely..

I am a first time oil wells, I was promised big tax credits and big oil pay outs, I invested $90, 000 in Galveston Bay, I was told by scott Johnson it was almost guarantee a pay out! I lost $90, 000 . Do not invest in Blue ridge Group unless you like throwing away money.Source Capital company.

Bowling Green, Ky. September 4, 2014. Colt Ledger & Associates, Inc. has just completed an exhaustive investigation into the oil and gas drilling programs of Blue Ridge Group of Bowling Green, Ky. The results of that investigation have been compiled into a “Research Report” backed by apparently irrefutable facts that will lay the foundation for the complaints being filed with the SEC, FBI, USPS, IRS, USSS multiple State Securities, and prosecutorial agencies.
Blue Ridge Group has over 200 separate allegations filed against them, including but not limited to selling unregistered securities, general solicitation, wire fraud, money laundering, mail fraud, and bank fraud.
It appears that Blue Ridge, in filing the “Form D” 506 exemptions did so with full knowledge they would be furnishing “sales leads” to their telemarketing “boiler rooms, ” indicating a willful intent to commit premeditated securities fraud. The use of “general solicitation” means the securities were no longer exempt and were required to be registered.
Blue Ridge appears to have knowingly and willfully violated basic securities regulations that possibly led to criminal activity. Clients have provided Colt Ledger and Associates, Inc. with sworn affidavits stating that they were made promises and in turn invested their money only to see little or no money in return. Blue Ridge Group appears to have fraudulently taken almost $2.2 million combined from 13 of Colt Ledger & Associates Inc. clients.
Colt Ledger & Associates has filed the complaints with the proper authorities, in which they will now handle the cases accordingly. The public is reminded that a complaint only contains allegations and is not evidence of guilt. Everyone is presumed innocent unless and until proven guilty.

WE invested a around $90, 000 in 4 different programs. Three of the four were dry holes or not worth completing. The program that they did complete, 2 of the wells last quarter there was no production! So after 5 years we have not reached an $8000.00 return.
They got our money for each program before any of the others were in production so we didnt have a chance to see how things went with one program before they wanted us to get in another.
I DO NOT RECOMMEND investing with The Blue Ridge Group!

Dr. H.C. “Blue” Hill, Executive VP/Senior Partner, of M. R. Cox, Inc., is a graduate of Kirby High School, Woodville, Texas; Southeastern Louisiana University with a B.S. in Agribusiness: Louisiana State University with a M.S. in Soil Chemistry, a M.S. in Phytopathology and a PhD in Entomology. He also holds numerous other advanced degrees in various fields. Blue’s work ethic and tenacity to see things through are a result of his parents’ influence and being reared in rural Southeast Texas. He served his country during the Vietnam War and returned home to attend college on the GI Bill. He finished his degreed programs through academic scholarships in record time while maintaining a 3.7 GPA.
He has traveled, worked, and lived all over the world as a Project coordinator, Manager and Consultant to individual mega-farmers, commercial farmers and foreign governments on agribusiness enterprises. He has served as an expert witness in agriculturally related deaths. He has written many published articles on a wide range of subjects. He and his wife, Dr. Patricia Hill, have also traveled extensively, conducting seminars on Family and Life Skills. Blue’s Sales Training Seminars and his Motivational and Life Skills Workshops have always been well attended.
Blue has recently completed 20+ years of managing single and multiple franchised automobile dealerships. Overseeing and directing the day-to-day operations of multi-million dollar inventories and customer driven service facilities has given Blue a tremendous insight into what it takes to build a successful business. He has been the consummate professional, attending several hundred hours of business, sales, management, creative thinking and writing, business and employment law, and negotiating seminars presented by the top experts in the field, at his own expense.
Blue’s exposure to the oil and gas industry dates back to January 10, 1901 on a knoll outside Beaumont, Texas. His Grandfather, Ezra Estes Bellar, a Cajun, was a young roughneck, working with Anthony Lucas drilling the well that would create Gulf Oil, Amoco, and Exxon. That knoll was called Spindletop. Blue’s Grandfather and uncles went on to become involved in every aspect of the emerging oil and gas industry of Southeast Texas an Southwest Louisiana. All male members of the immediate and extended family worked in these oil and gas fields. The down turns and the wildcat nature of the business took its toll. The “bust” of the 1980’s ended the family’s endeavor. Their last well stopped pumping in the mid 1990’s.
Blue and Patricia moved from Atlanta, Georgia to a 200+ acre farm in South Central Kentucky in 2004. They met Marty Lile that year and the oil and gas flame was reignited. Blue became heavily involved in working with investors on drilling projects in the Appalachian Basin. He also pursued and increased his personal investments in lease plays in Texas.
By early 2006, through his own personal success, it became apparent that the oil and gas lease plays in Texas, Louisiana and Oklahoma offered his clients better opportunities for profit. He and Marty Lile joined forces and launched M.R. Cox, Inc. with a common goal of offering investors more lucrative investment options, maximum tax advantages and an open door policy. Thus the Mission Statement: “M.R. Cox, Inc. offering investors the advantages of a Direct Participation investment with the transparency of a public held company.”
Blue is an avid gardener and family man who spends his leisure time with his wife on their farm with their menagerie of rescued animals. They do have an extensive collection of photos which they will readily share of their two daughters, tow son-in-laws and five grandchildren that they visit often.