THIS BLOG WAS CREATED TO INFORM PEOPLE ABOUT CLIFF GANSCHOW, OF WOODSTOCK, ILLINOIS AND HIS SON JOHN GANSCHOW OF CHICAGO, ILLINOIS, AND TIM GANSCHOW OF CHICAGO, IL AND ENCOURAGE THEM TO DO SIGNIFICANT DUE DILIGENCE BEFORE GOING INTO BUSINESS WITH THEM OR INVESTING WITH THEM. IN THE PAST SEVERAL YEARS THE GANSCHOW GANG HAS CREATED NUMEROUS COMPANIES WHICH THEY HAVE INDUCED INVESTORS TO INVEST IN ONLY TO HAVE THEIR MONEY DISAPPEAR.
Until recently, Cliff Ganschow, Tim Ganschow and Joe Kruszynski were officers of Terra Worldwide. According to Terra Worldwide’s website, the company was attempting to manage investments in farmland. There are now two separate lawsuits against Terra for alleged non-payment for services the company received. This has been a common occurrence among Ganschow companies. Agristar Global Networks, where Cliff and Tim were senior executives and founders, has been sued by several service providers, investors and landlords for nonpayment. How is it not stealing to hire a temporary staffing firm and then not pay them after they have provided their services? Investors in Terra should verify that none of their funds were in fact directed into LiveOne Group. It is possible that LiveOne now maintains an office in the same office as Terra Worldwide was in. Investors in Terra should make sure that their funds weren’t being used to pay rent for LiveOne.
Prospective investors would be advised to conduct significant due diligence on Cliff Ganschow, Tim Ganschow and John Ganschow, as well as the numerous failed companies they have been involved in. Here is some background information that is publicly available or available from former investors and employees:
Until recently, Cliff was listed as management of Terra Worldwide on Terra Worldwide’s website. (terraworldwide.com). PRIOR TO TERRA, CLIFF WAS CHAIRMAN AND FOUNDER OF AGRISTAR GLOBAL NETWORKS-A COMPANY THAT LOST MILLIONS OF DOLLARS OF INVESTORS’ CAPITAL. CLIFF HAS PREVIOUSLY CLAIMED TO BE CHAIRMAN OF AGINTELLIGENCE. THIS MAY OR MAY NOT BE A REAL COMPANY. THIS BLOG HAS BEEN UNABLE TO VERIFY THAT THIS COMPANY EXISTS. IT IS POSSIBLE THAT IT IS MERELY A D.B.A. COMPANY. CLIFF WAS ALSO CHAIRMAN OF MEXICO HOME CAPITAL LTD AND MEXICO HOME CORPORATION. INVESTORS HAVE LOST OVER A MILLION DOLLARS IN THESE COMPANIES AS WELL. NUMEROUS PAST INVESTORS IN THE MEXICO HOME COMPANIES HAVE ACCUSED CLIFF OF FRAUD-SOME HE PAID OFF, SOME HE DIDN’T. JOHN GANSCHOW WAS CEO OF THE MEXICO HOME COMPANIES WORKING VERY CLOSELY WITH HIS FATHER.
CLIFF HAS A DECADES LONG CAREER OF NUMEROUS JUDGMENTS AND LAWSUITS AGAINST HIM IN COOK COUNTY, ILLINOIS, MCHENRY COUNTY, ILLINOIS, DENVER, COLORADO, MINNEAPOLIS, MINNESOTA, FULTON COUNTY, GA, MARYLAND AND TIJUANA, MEXICO. TO LEARN MORE ABOUT CLIFF’S NUMEROUS JUDGMENTS, ONE SHOULD GO TO THE MCHENRY, COUNTY, IL, RECORDER OF DEEDS WEBSITE AND DO A FREE WEB SEARCH ON CLIFF GANSCHOW- http://126.96.36.199/freewebsearch/default.aspx. ONE DOESN’T NEED TO PUT IN A DATE RANGE. BY DOING THAT ONE WILL SEE A 35 YEAR CAREER OF JUDGMENTS AND LEGAL PROBLEMS. FOR COOK COUNTY, IL, GO TO http://www.cookcountyclerkofcourt.org/ AND CLICK ON THE ONLINE CASE INFO ON THE LEFT OF THE PAGE AND THEN DO A DOCKET SEARCH ON CLIFF.
Cliff recently had his home foreclosed upon by Well Fargo.
Cliff and John Ganschow have been accused of fraud by numerous investors, including Michael Baggett, who accused Cliff of fraud and fraudulent inducement in Fulton County Court in Atlanta, GA.
IN 2006, CLIFF AND HIS SON JOHN SOLD AN INVESTMENT TO INVESTORS CALLED MEXICO HOME CAPITAL PARTNERS FUND I LLC. THE INVESTORS PURCHASED MEMBERSHIP INTERESTS IN THE LLC, RUN BY CLIFF AND JOHN, THAT WAS SUPPOSED TO INVEST IN TWO SEPARATE HOUSING PROJECTS IN MEXICO. THE INVESTORS’ MONEY DISAPPEARED. WHEN SOME OF THE INVESTORS’ CAPITAL WAS DISCOVERED IN CLIFF’S PERSONAL BANK ACCOUNT, THE INVESTORS IMMEDIATELY CONFRONTED CLIFF WHO TURNED OVER A PROMISSORY NOTE, WHICH THEY HAD NEVER SEEN BEFORE, CLAIMING THAT THERE WAS AN AGREEMENT FOR HIM TO ACCESS THE FUNDS. THE INVESTORS CONSIDERED HIS ACTIONS EMBEZZLEMENT. CLIFF SIPHONED THE FUNDS INTO HIS OWN ACCOUNT WITHOUT THE PERMISSION OR KNOWLEDGE OF THE INVESTORS AND IN VIOLATION OF THE BYLAWS OF THE LLC. CLIFF NEVER RETURNED ANY OF THE FUNDS HE EMBEZZLED NOR HAS HE PROVIDED ANY ACCOUNTING OF THE INVESTMENT OR TOLD THE INVESTORS WHAT HE DID WITH THE EMBEZZLED FUNDS. OF COURSE CLIFF DEFAULTED ON THE NOTE, AND SO THE INVESTORS CURRENTLY HAVE OVER A MILLION DOLLARS IN JUDGMENTS (INCLUDING INTEREST AND FEES) AGAINST CLIFF (AND HIS SON JOHN). THE INVESTORS ARE PREPARING TO PURSUE CLIFF GANSCHOW IN COURT FOR CRIMINAL CONTEMPT IF THEY ARE SUCCESSFUL, CLIFF GANSCHOW COULD FACE UP TO SIX MONTHS IN PRISON. THEY HAVE ALSO ACCUSED CLIFF GANSCHOW OF BEING A CONMAN AND LIAR IN COURT FOR MISAPPROPIATING HUNDREDS OF THOUSANDS OF DOLLARS THAT WERE SUBJECT TO A LIEN POST THEIR JUDGMENT AGAINST HIM. CLIFF WAS ALSO HELD IN CIVIL CONTEMPT OF COURT FOR REPEATEDLY IGNORING ORDERS OF THE COURT. THE LAWSUITS AGAINST THE GANSCHOWS CAN BE FOUND IN COOK COUNTY, IL.- 2006-L-003020 and 2007-L-004757. CLIFF AND JOHN WERE ACCUSED OF FRAUD BY TWO OTHER INVESTORS WHO PURCHASED STOCK IN MEXICO HOME CAPITAL LTD. THEY ACCUSED CLIFF AND JOHN OF FRAUDULENTLY INDUCING THEM TO INVEST AND MISAPPROPIATING THE INVESTED FUNDS TO PAY OFF UNDISCLOSED AND PERSONAL DEBT.
Cliff Ganschow could go to prison if he is found guilty of tax evasion. Despite being paid over $400,000 in salary from Agristar in the last several years, Cliff has not paid a dime in federal taxes.
This blog also encourages anyone who invested in Agristar Global Networks LTD, run by Cliff, Tim Ganschow and Joe Kruszynski, in the last four years to investigate what happened to their investment in Agristar. The Ganschows may have sold investments in Agristar while Agristar was insolvent, only to immediately pay out the money to Cliff. Investors may have been misled about the financial condition and sold worthless securites at an inflated value, or misled about how their investment was used. There could be justifiable claims for securities fraud as well as fraudulent transfers as Agristar could have been paying out tens of thousands of dollars to Tim Ganschow while the company was insolvent.
This blog also encourages anyone that prepaid for services with Agristar but never received the services for satellite broadband to read a comment posted to this blog by clicking on the comments tag at the bottom of this blog alleging possible consumer fraud by Cliff and Tim Ganschow and Joe Kruszynski. IT IS ALLEGED THAT CLIFF, HIS SON TIM, AND JOE KRUSZYNSKI WERE COLLECTING PREPAID SUBSCRIPTIONS FOR INTERNET SERVICE AND THEN NOT DELIVERING THE SERVICE OR REFUNDING THE MONEY. AGRISTAR WAS ESSENTIALLY INSOLVENT WHILE THE GANSCHOWS AND KRUSZYNSKI WERE COLLECTING CUSTOMERS FUNDS. TIM GANSCHOW RECEIVED SIGNIFICANT PAYMENTS WHILE THE COMPANY WAS INSOLVENT BUT WAS COLLECTING CUSTOMER FUNDS. FUNDS WHICH HIS FATHER CLIFF ALSO HAD ACCESS TO.
Any prospective investor or business partner should verify any claim or representation made by Cliff, his sons, John and Tim, or by Terra Worldwide, Wakame Global, or Liveone Group. Cliff Ganschow has been accused of overstating the value of supposed assets so as to induce people to invest in shell companies set up by the Ganschows. They should do a complete investigation into anything the Ganschows claim as “proprietary”. Tim Ganschow’s new company, LiveOne Group, where he is a principal, claims to have “a proprietary interactive platform featuring a unique social-engagement applications.” Investors should also be careful about C-corporations set up by the Ganschows. In the past the Ganschows have issued themselves millions of shares in the companies they control, substantially diluting the investors, while paying very little if anything for their shares. Any investor in any shell company set up by the Ganschows should demand to review the bank statements of Agristar Global Networks to see how the Ganschows handled the cash of that company.
It now seems that John and Tim might be claiming to be principals of a company called Wakame Global. We are surprised that the company is not called Wack-A-Mole Global. Just like the game the Ganschows keep popping up with new companies every time one of their shell companies dissolves along with investors’ monies.
This blog hope to raise awareness of Cliff, and his sons Tim and John. (SEE COOK COUNTY, IL, FULTON COUNTY, GA. SEE ALSO MCHENRY COUNTY, IL, RECORDER OF DEEDS).
Any emails received by this blog and posted have not been independently verified by this blog and should be independently verified by any reader of this blog. Any emails posted can be accessed by clicking on the comment link at the bottom of this blog.