All Forum Posts by: Sean Fannon

Quote from @James Richardson:

Several of us are in the same boat. I’m interested in talking with you on what options are available. 

I've posted more details at another simular forum on Reddit:

https://www.reddit.com/r/investing/comments/1hq19lu/comment/...

Also consider filing a complaint with the SEC on their website. It's pretty painless and could prompt action if they haven't already started an investigation:

https://www.sec.gov/submit-tip-or-complaint

Quote from @Whitney Hutten:

@Jordan Moorhead Very curious how your receiving distributions in Wavemark, and I know 6 other investors who have been in for a year and are not receiving distributions. What’s also interesting is the homes Wavemark was supposed to purchase to my knowledge have not been placed in any park (I know of 3 parks that have had zero infill). What kind of financials and proof are you receiving from the fund?

I'm aggregating a list of investors the Wavemark has defrauded. Please have these investors contact me of they are interested. I've filed a complaint with the SEC and am working with an attorney in TX for possible legal action.

Quote from @John P.:

I saw an ad for Wavemark Capital which led me to Mike Ayala on linkedin. That led me to this thread. Seems that the website Fourpeakspartners.com is not working any longer. Plus the reviews above sound very bad. Anybody have more recent info on these guys?

 Avoid Wavemark Capital. They are in default on my investment and that of several other investors I'm aware of, and probably many more. Yet they are still actively soliciting investments in the fund. Disgusting.

TL:DR Avoid dealing with Mike Ayala at all costs.

Four Peaks Partners is run by Mike Ayala. He also runs the Wavemark Income Fund, a debt fund, which has been in default on an investment I made in the fund for a year and half. They failed to return my capital after a year as the contract stipulated and they stopped making interest payments entirely almost a year ago. I've learned of several other LPs in the same boat through the Kelley Clarke Law firm that is representing several of us and through the Reddit forum linked below.

https://www.reddit.com/r/investing/comments/1hq19lu/wavemark...

A principle at the firm suspects they are under investigation by the SEC. 

And yet they are still soliciting investments in the fund! Stay away.

I'm aggregating a list of investors he's defrauded to share information and coordinate possible action. Please contact me if you're among them.