The
Lariat Group:
Another Debt Elimination Scam?
By Edward
Snook
Investigative Reporter
In
a variation of multilevel marketing concepts and programs, three enterprising
Southern Oregon men dreamed up the concepts behind the Lariat Group,
whose motto is "rounding up great solutions." Using the internet
web site lariatgroup.com and
the latest in electronic communications, telemarketing techniques, coupled
with telephone seminars, Robert Chamberlain, Gary Douglas Holmes and
Butch McIntyre have reportedly recruited many hundreds of members across
this country and some from foreign countries as well.
A
lariat can be a tool in the hands of a cowboy,
or a snare or a noose.
With a small contingent
of ancillary associates (some of whom have already been charged with
violating federal law) this hardy band has saddled up to single-handedly
rectify the insidious injustices of the "bankster/gangsters"
in mortgage banking, automobile loans, the credit card industry and
other areas of debt. In short the Lariat Group and its founders believe
they are God’s servants, out to fight evil.
When someone "joins"
the no-membership-fee Lariat Group, he/she is introduced to a variety
of services, such as the elimination of home mortgages, auto mortgages,
credit card debts, school loans, hospital bills, and other debts. Members
can also avail themselves of credit restoration services and overseas
investment opportunities.
Each service has
a sliding scale of fees, depending upon the amount of debt to be forgiven,
or the number of credit cards to be forgiven. The fees are sent to Lariat
Group and after the "broker fees" or referral fees (some of
which may be double or more of the vendors' fees) are extracted, they
are sent on to the "vendors." Many of the "vendors"
have been shut down by court injunctions and other legal proceedings.
Some are currently incarcerated. Lariat Group collects its fee, whether
the "vendor" can provide the requested service or not. Those
who have not had satisfactory results (this number would include each
and every client we interviewed) are told that Lariat Group is only
a referral service and not responsible for results. We are told it is
a full time job handling the complaint department.
Members are encouraged
to recruit their family and friends to utilize these services, as they
receive a "blessing" (commission) on the front end, and another
"blessing," which is a percentage of the total dollars involved,
on the back end when the service is completed. Lariat Group obviously
partakes in this "blessings" program, both front and back.
According to some
partakers in the programs the Lariat Group offers, they have been encouraged
to "run their credit card balances to the limit, because they can
be reversed or excused in 4-6 months." When that has not happened,
some have had to declare bankruptcy, or be summoned to the courtroom
over such advice.
Everything is couched
in religious terminology, (they even tithe the money that they bring
in) insinuating that God has placed His blessing upon these endeavors.
The latest incarnation is "Almighty's Abundance Remedy Ministry
(AARM),” with the scriptural motto, "The arm of the Lord
is our strength."
Members are encouraged
to refinance their homes, so that the new mortgage can be forgiven,
and the equity money can be invested in one of Lariat Group's recommended
programs, such as Divinus Opulentia International, (there's the religious
terminology, again) headquartered in Australia. We have been informed
by highly credible sources that untold hundreds of thousands of dollars
are cycled through the Gold Hill and Hugo offices and the local banks;
requiring in house courier services. At times money is wired to various
parts of the world from local trust accounts.
Another stream
of income is the generation of common law trusts, of the irrevocable
Massachusetts-type business trust. These run about $5000 and are personalized
boiler plate issues. Two local banks requested that the Lariat Group
take their trust accounts elsewhere.
Is
the Lariat Group Nothing More Than a Scam Perpetrating Fraud?
After interviewing
numerous clients (actually victims) of the Lariat Group the US~Observer
has easily concluded that this group is simply involved in de-frauding
“little old ladies” out of their life savings. One member
stated, “I don’t know what I’m going to do. They have
most of my savings and nothing has worked.” Another stated, “I
just get the run-around and excuses every time I contact them. They
have my money, their programs don’t work and I would like it back.”
Yet another victim
of the Lariat Group states she was instructed to run her credit cards
up, to purchase a new truck and that the Group would eliminate the debts
within a few months. This victim nearly lost her marriage because of
the fraudulent advice. We spoke with other victims, all with the same
story; the Lariat Group got their money and their “programs”
haven’t worked.
While questioning
Gary Holmes, one of the Groups leaders and promoters, I was quite surprised
when he started telling me he is fighting the injustice of the banking/finance
industry. Holmes made it clear that the job of the Lariat Group was
sanctioned by God, but added that the “Group” was only an
intermediary between the clients and vendors. He stated that clients
are told of the chance they are taking; something none of the clients
would confirm.
As we go to press
we are informed that some clients have already filed complaints with
the Attorney General of the State of Oregon.