Eric Hollowell

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Recent Tells/Reviews on Eric Hollowell

Make your life more easy get the personal loans and everything you need.
By Someone - as Co-worker/Peer

Eric Hollowelll

Here is another example of our gov. going in the wrong direction! I've known Mr. Hollowell for years and he is the salt of the earth! As I write this he is spending over a 100 hrs in the office trying to make this right, if he was as bad as he is being painted by the SEC he would of been long gone months ago! How funny is it that all his investors stand behind him and dont even want their money back! SEC go after real crooks and leave the good guys alone!
By Someone - as Friend

Proof that Eric is a crook

SEC sues Irvine firm for $10 million bond scheme
June 14th, 2010, 3:20 pm
Companies in Irvine and New Mexico settled charges that they defrauded investors who bought $10 million in so-called “convertible bonds,” the Securities and Exchange Commission said Monday.

The SEC said United American Ventures LLC of Irvine guaranteed investors a 10 percent up-front bonus plus a 25 percent annual return on their money. In reality, the SEC charged, the company never made a profit. It plowed investors’ funds into exorbitant salaries and other expenses.

In addition to the company, the commission sued co-founders Philip Lee David Jack Thomas, 74, of Newport Beach, and Eric J. Hollowell, 37, of Irvine. It also sued the company’s investor-relations associate, Matthew A. Dies, 51, of Corona; promoter Anthony J. Oliva, 54, of Placitas, N.M.; and Oliva’s company, Integra Investment Group LLC.

United American Ventures sold its bonds in $25,000 blocks. It claimed to sell only to “accredited investors” — people with a net worth of at least $1 million plus at least $200,000 in annual income. In fact, the SEC said, Integra, the promoter, used websites and other means to lure unsophisticated investors.

One investor, a retired Kansas teacher, plowed a $64,000 lump-sum pension payment into the scheme.

Thomas — who also goes by the names P. David Thomas, David J. Thomas and Dave Thomas — was banned by a California court in 2001 from participating in securities sales. That order grew out of an enforcement action by the state Department of Corporations.

Sales materials for the bonds did not mention the ban on Thomas or a 2009 lawsuit against him for securities fraud, the SEC said. Nor did sales materials mention that 12 cents of every invested dollar went to the promoter, Integra.

See the SEC page here http://www.sec.gov/litigation/litreleases/2010/lr21556.htm
By Someone - as Direct/Indirect Report
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Snake Oil Salesman

Beware of Eric Hollowell. He is a small-time version of Bernie Madoff. His company, United American Ventures, is a Ponzi scheme. The company routinely used new investors' money to pay existing investors monthly interest payments. Bernie Madoff used the same method.

Eric will claim experience in taking multiple companies public. Not true. He has never taken any company public. He also claims to have written Peachtree Accounting software at the age of 15. Also not true.

His company has been investigated by the Securities Exchange Commission (SEC) since December 2009. The SEC seized all of UAV's bank accounts in 12/09. Investors have not received their monthly interest payments since 12/09. None of the employees was paid since the SEC seized the bank accounts either so they all resigned. UAV has one unpaid intern to answer the phones now.

Due to Eric Hollowell's hypochondria, the company has expenses far exceeding its income. One of his investors is a "cash-only" Mexican farmer who says he made his money "selling vegetables by the side of the road". They invested $1 million in cash, all in $100 bills. The investor said he "doesn't trust banks". Draw your own conclusions on the legality of that money. That money is now in the bank accounts that were seized by the SEC.

This man is incapable of feeling guilt or empathy for the people whose money he scammed. He believes he is entitled to that money, that it is "his" money. He treated employees as chattel and was angry when we quit because we tired of working without pay. Eric probably has a diagnosable mental disorder.
By Someone - as Direct/Indirect Report
By Bruce
I am an investor in UAV. I spend a couple of months investigating UAV before I put my money into it. I also went physically to UAV to verify what I had learned and had been told. The investments are real and can help literally millions of people with the medical products that they are developing. UAV is experiencing hard times brought about by outside forces. I feel that my investment is still viable due to Eric Hollowell. UAV has continued in the face of overwhelming odds due to Eric's efforts. However, my investment will be long term. Eric has not made any of the claims that the original report states and has corrected any problems found as soon as they were made known to him. Eric will ultimately succeed and I will get a return on my investment. Eric can not accept anything less.
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