Garrison securities sa securities sa - fraudulent and scam based organization

[FRAUDALERT_GARRISON]

I have worked with Dan Terry, Nick Fox, Jason Mitchell, Richard West, Paul Jordan, and Joanne Dolan of Garrison Securities SA located at Bâtiment Banque Nationale Suisse Rue de la Paix 6 CH – 1003 Lausanne, Switzerland (Garrison Securities SA – Wealth Creation – Investment Banking) for a year in structuring an international financial transaction for a European developer. My company was involved in structuring a financial transaction with Garrison Securities SA providing an investor that would arrange the necessary collateral to secure a €100.0 million line of credit from a European bank. Despite contracts confirming Garrison Securities SA obligation and responsibility they did not perform as instructed. In addition, they collected €150,000 from my client. These funds were requested in order to pay for the costs to set up the investor arrangement. This never happened. Despite my team providing several European banks as possible credit facility providers, Garrison Securities SA never provided them with proof of an investor or the assets the investor was contracted to bring to the transaction. This caused these banks to either terminate their initial interest end their involvement in the engagement due to Garrison Securities SA non performance.

I have been speaking with several other groups that have had similar experiences with Garrison Securities SA. They appear to be an organization that will offer you a letter of commitment (Offer of Collateral Provision or “OCP”), and ask for an upfront fee to execute engagement (€150,000 for every €0-€100.0 million of investor collateral arranged), but will then find a way to back out of the transaction and base it on the fault of the client. This is always discovered several months after they collected the upfront fee. In our case it was 12 months later and they used misinformation, misdirection, and manipulation in their involvement with my company and a United States escrow company. Funds were wired through Citibank, NA and Union Bank to Garrison Securities SA corporate account at Hinduja Bank Limited in Geneva, Switzerland for their benefit and with a contract indicating their commitment to perform. However, they did not which has pushed my company to go after them for corporate fraud, international bank fraud, and international wire fraud.

Furthermore, they are using banks such as Bank of New York, UBS AG, Clariden Leu, Credit Suisse, Deutsche Bank, and HSBC London in order to obtain these upfront fees. Garrison Securities SA claims they are able to have their investors issue bank guarantees from these banks. They will use information from these banks’ websites and names of bank officers in their scheme to provide credibility or legitimacy in their operation. But, you will eventually discover that Garrison Securities SA really doesn’t have these relationships with these banks or its bank officers. Also, this is the same case with their inability to confirm their “earmarked” investors or collateral backing your transaction.

Garrison Securities SA has currently scammed close to €1.0 million from a number of groups that I am currently in discussions with. I have been informed that have several lawsuits pending in Switzerland. Also a number of banks have had clients experience they same form of fraud after paying their upfront fee. I am currently working with the United States Federal Bureau of Investigation (FBI), US Embassy in Switzerland, and the Swiss Financial Market Supervisory Authority (FINMA) to obtain my client’s money back and to report their fraudulent activities. If you would like to be part of this action against Garrison Securities SA, please contact me. I will also make all internal files and information available to anyone that has also been defrauded by Garrison Securities. I have over 1,000 pages of written and documented proof of their fraud in the form of emails, contracts, and letters.

Please contact me through this site or legalactions_garrisonsecurities@yahoo.com. We will not let Dan Terry, Nick Fox, Jason Mitchell, Richard West, Paul Jordan, and Joanne Dolan of Garrison Securities SA continue their fraud which has severely and negatively impacted the success of projects, businesses, and individuals.

[VINCENT]

I just saw this on the following site Complaints Board.com. This person sent me this email below has just been defrauded by Garrison Securities SA. Unfortunately, there are many more stories like this. I recommended he file criminal charges at the local police department. See below:

Copy and Paste link

Complaints Board complaints/ garrison-securities-sa-c379224.html?selcom=775032#c775032

Sir,

thanks for your email and an information given.

from your word it looks like true story... We have lost 150K. They have a good lawyers then to be able to sit in the government building together with ministry of finance...

We have requested a BG 100M Eur from them as we have confirmed credit line at receiving bank for our projects and we need this collateral which they propose to us. The credit line can be authenticated and verified. They requested from us:
- an appropriately drafted indemnity would be acceptable to the Provider; such an indemnity would require any calls against the guarantee to be reimbursed at the end of the term.
- ideally the indemnity would be bank endorsed (depending on the bank chosen the Provider may proceed without any alterations), if this is not possible then the Provider would like a detailed report on the current and projected value of the proposed indemnitor, so as to establish the substance behind the indemnity and risk associated with the transaction.

We are happy to sign any corporate undertaking needed to advance and conclude this transaction, but our receiving bank will not prior to the Instrument coming in.

The simple facts, how can we provide anything to them, especially from the receiving bank, when we do not have which Bank, which provider, and or who the hell the Bank Officer is? Which came first the chicken or the egg ? In this case the dog !!!

In return can how can they prove to us that they can indeed issue such an Instrument?
In closing, we were happy to prove our position on a Bank to Bank basis (as stated time and time again to Garrison).

So...

[IB-Banker]

I've seen numerous posts about Garrison Securities that seem to be worded by the same individual. I am a broker and work with Garrison Securities in Lausanne, Switzerland and have completed many transactions with them and have succeeded in securing private banking commitments, loans, collateral lending and other transactions with them over the last 4 years. I have found them to be extremely helpful and generous in their approach and challenge anyone who believes otherwise.

[Cayman]

Garrison Securities helped move my funds from a difficult tax jurisdiction into Switzerland and provided me with my first swiss bank facility and saved me thousands in tax. I continue to bank via Garrisons and have no problems.

[VINCENT]

Cayman and IB Banker, I dont one person that has closed a deal with Garrison via their Collateral Provision Program. However, I can provide you name and number of 5 people that have been defrauded by Garrison. I can also refer you to the local police department in Lausanne that can confirm criminal complaints. I can refer you several bankers and attorneys that also can confirm. If you want me to prove it to you contact me on this site.... See below:

I wanted to reach out to existing and former clients of Garrison Securities. Garrison Securities and its CEO Dan Terry have not repaid my client despite email correspondence from Dan Terry indicating that he will pay our client back. A few weeks ago, we travelled to Switzerland to file criminal charges against Garrison Securities. We went to a police cantonal located at Centre Blécherette 101 Rte de la Blécherette 1014 Lausanne. They informed us that Garrison has received complaints from other clients. They provided us with the necessary information to move forward criminal prosecution. We have been asked to collectively submit our complaints with other defrauded clients of Garrison. I would encourage you contact to me so I can provide information necessary so we can collectively submit our complaint to proper police authorities that handle corporate criminal fraud cases.

Garrison has created a systematic fraudulent business model. It is based on presenting an applicant a collateral provision program that will provide a bank guarantee in order to raise a credit line. Garrison will provide you an Offer of Collateral Provision after paying their fee of 150,000 Euros or more. Their application is based on the client providing them with an approved credit facility and an exit strategy based on the return of the bank guarantee (collateral) at the end of its term unencumbered. The normal exit is via a take loan, IPO, or another investor taking out the bank guarantee.

However, the fraud scheme is in the fact that Garrison will then tell you after you send in your upfront fee that they require that the bank issuing your credit facility provide them a "counter guarantee". The bank is required to guarantee the return of your bank guarantee that is being used to secure your credit facility. The problem is that NO bank will accept a bank guarantee if they have to guarantee its return. What covers their risk? How are they protected in your transaction? The bank guarantee becomes and ultimately is worthless. Garrison Securities and its CEO Dan Terry use this loophole to make the case that you as the client have not performed and based on this fact, they do not have to return your upfront fee due to their non performance. They are fully aware that it is impossible for you to obtain a credit facility or ever complete a transaction with them since banks will not accept a bank guarantee that requires a counter guarantee. Also, by them only emphasizing this in the final stages of your transaction, client is only made aware of this fact when it is too late and after they received your upfront fee.

Another fraudulent tactic used by Garrison is the fact that they cannot and will not confirm a collateral provider or collateral. Client is told to seek a credit facility from a bank based on receiving a bank guarantee from a top rated bank facilitated by Garrison. In addition, Garrison has approved the client and informed the client that they have been approved by their collateral provider and to pay an upfront fee for the arrangement. However, the client will never receive confirmation of a bank guarantee, collateral provider, or collateral. Once again, Garrison will use this as a scam tactic in order to block the client from performing and providing them with a credit facility. Garrison and its CEO Dan Terry will then use this as a tactic to claim the client has not performed in order to keep the client's upfront fee payment. They will then use their lawyers to ask for arbitration if you continue to demand your money back. In arbitration they will indicate that you have not performed because you were unable to guarantee the return of the bank guarantee or to obtain a credit facility.

In summation, there systematic scam is in creating a gray area by misdirection and misinformation by designing contracts that misleads. Please contact me via email I can provide with specific requested procedures needed to receive your money back from Garrison Securities.

[Cayman]

Vincent, I read your last post. You are obviously not a finance expert. If you look at what your transaction actually is, I bet you a cent to a dollar it is concerns the placing of a bank guarantee that you use as loan security. They have obviously asked you to secure this or of course ask you to place up an alternate guarantee to ensure you will not run off with their assets? The difference is (that you fail to grasp) they are offering you a demand guarantee (without conditions) allowing you to borrow against it. They would ask in return that you provide a conditional guarantee to secure it. The difference being theirs is payable on demand and the guarantee being asked from you is payable only if you fail to repay any indebtedness you create over their assets. Its really quite simple. I would suggest you read transactions in detail before you sign or you could look like a real lemon and embarrass yourself on the internet? (whoops).

[VINCENT]

Cayman, I appreciate your comments. From your registration on this site and comments I see that you are an employee for Garrison Securities. I am guessing Dan Terry (CEO/Head of Fraud), Nick Fox (Legal and Administration – Paralegal), or Jason Mitchell (Business Development / Salesman). I have been in banking and currently hold a Series 7 and Series 63. I realize no employee at Garrison Securities or its organization holds a license so its malicious business practices are understandable and ignorance more so.

To properly correct you, Garrison Securities claims to provide a Uniform Demand Guarantee based on projects that its investors approve. The risk in a default is why the client is charged 13%. Garrison claims that the investor chooses projects that they believe will not default by accepting and approving the submitted exit strategies. Garrison Securities will issue a contract after a full package has been submitted; therefore, the client is informed that the contract that is issued is based on an investor accepting the client exit strategy.

The SCAM and FRAUD committed is at the last minute telling the client, AFTER PAYING ITS UPFRONT FEE of 150,000 EUROS, that the client needs to guarantee the return of the guarantee. How is a bank guarantee callable or considered "demand guarantee" if the client's lending bank has to guarantee the bank guarantee will be returned whether the client defaults or not. This is the fraud that is committed. Garrison knows if this is disclosed upfront and they truly practice full transparency, they would never get a client to send their UPFRONT FEE or ENGAGE with them in a transaction. Cayman (Garrison employee) would you like to see your contract.

I only want to prevent others from being scammed and so far I have prevented several clients from this site to move forward with Garrison Securities SA due to their fraudulent scheme. No one can get away with stealing money from clients and Garrison will not either!