I have put together this blog for anyone who is considering doing business with Frank Kristan of Ludvik Capital. Before you do, I stongly suggest that you do proper due deligence.
In doing your research, you may want to start with his relationship to the Patriot Funds. Even further back from that would be his involvement with a company called Unitech out of Tempe, Arizona. Of these two companies, there were lawsuits. There are a few companies in Florida also. On that point, CyberSentry is a Florida shell company that Mr. Kristan blew up at the top of the Net bubble. That and Liberty One, which was Australia's largest Internet company to go bust back at the end of the 90s. During that time, he touted CyberSentry's (CS)connection to Liberty One (L1), CS being a company that he bought into as a shell, and made numerous false reports through the media that CS would be buyting L1. He further made reports of connections of CS to Mattel which never existed to the extent that he reported through news releases he produced and sent from his home. The connection to Mattel was that he had purchased a small software package that was totally outdated but that he flouted as something that it was not. This was part of a stock pumping strategy that he had in place. Just touching on CS, this was one of two companies tied to the largest Wall Street incursion by the mafia that broke I believe back in 2000. After Mr. Kristan's sinking of CS, he moved on to a company that he formed called Avenger Boats. With that you will find that he touted connections to other large boat manufacturing companies that, once probed by a reporter out of Millinoket, Maine, turned out to be false. A funny thing too is that Mr. Kristan reported the possibility of supplying boats to Homeland Security when it is a certainty that the FBI had looked into him on his involvement with CS.
Now Mr. Kristan is touting a huge land purchase and development scheme in Florida. A quick check will show that neither he nor any company that he knowingly has any control of has purchased land where he said he has. Ludvik Capital and Ludvik Investments are not even registered in the state of Florida. This is all contrary to his press release of 7.9.2007.
People, be extra careful in your dealings with Mr. Kristan. If you have any questions, post them or email them in. I will answer the best that I can.
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13 comments:
This is true what you say but you left out one of his disasters where he took money for a real estate project called ACRE and was involved with a lender in Maine. There are numerous other stories of where Mr. Kristan has taken funds from parties, if you have a desire to know more reply.
Interesting! The original author needs to go back to grammer school.
However, I need to know more. This Kristan sound pretty smart. What else do you have?
molly w
DEAR TRUTH WHY WOULD YOU SIGN A BLOG TRUTH?WHAT IS TRUTH?IS YOUR TRUTH MY TRUTH?GOOGLED THIS KRISTAN GUY...THIS PLAY HAS MANY ELEMENTS THIEF, DECEPTION, FRAUD,AND CORRUPTION...AS TO THE BLOG AND THE FIRST RESPONSE IT SOUNDS LIKE LOVE SCORNED YOU TWO HAVE IT BAD!!!AS TO KRISTAN IT SOUNDS LIKE A BOOK TO ME...SUSANNE PARKER
This Man is imposible to reach! i bought some shares of ludvick and now the value is nothig, i am trying to claim with SEC..if anyone wants to joint this cause..let me known
so this is fairly old going back 6 years... currently Mr. kristan is ceo of a new company involved in holdings and has been showing promising results as new tickers have shown up in investors accounts as a result of a spinoff dividend company, and the next will be next week... it sounds like a businessman that makes moves, not a criminal, some succeed some fail, but then few fail to later try again and succeed. thanks for the info
He's not that smart, I know him, he is a thief , if you think you want to do bossiness with him he has no money so he's gonna use yours
A book I Dont think so, the man will pick his nose and eat it in front of you, his wife is a drunk, he involved in big scams but can't pay for a car rental
A book I Dont think so, the man will pick his nose and eat it in front of you, his wife is a drunk, he involved in big scams but can't pay for a car rental
He's not that smart, I know him, he is a thief , if you think you want to do bossiness with him he has no money so he's gonna use yours
Were you ever in business with Mr. Kristan or were you an employee or affiliated with anything that had to do with his businesses?
Thanks for putting this blog together since I was going to make an investment in Ludvik holdings very soon. Couple of weeks ago, I was contacted for an investment opportunity in Ludvik holdings. I said I will consider it. I was sent several documents including financial statements with high profit margins. Do you think those statements are reliable? (I can provide them). Also, they recently bought Unitiv which seems to have a solid business. They are selling a share for 50 cents but I was told it may go to $5 when they go public which is in couple of months. I was told that the current earning per share is about 40 cents. All seem to be very good. what are the risks if I buy some shares from the Ludvik holdings? If Frank Kristan is a bad dude why even he is able to do business in the US?!
Lead me on for over 2 years both Frank and his partner Phil Sands. Converted 400K worth of my debt, rolled it into his company backed with his stock as notes and has been giving me excuses for over a year as to when he was going to pay on them. Contacted and filed a complaint with the SEC, the FBI and the SEC Attorney General and they are investigating this matter. He is a liar and well say anything to get what he wants. Do not do business with this man and his companies. My lawsuit against him is pending. Dream merchant is what I call people like him.
Joey,Can you update us about your lawsuit against Frank Kristan? Did it result anything fruitful?
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