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BE AWARE:
Noble claims a 10-16% annual return. That may be true, IF, you bought into every deal they have sold. In reality, some deals did not even return the purchase price.Noble insinuates that the investor money buys expense free royalties in oil and gas projects. BUT, their offering document states they may buy oil and gas royalties, coal investments or even plain old real estate.
Consider the people running this company and the broker dealers they use to raise money:
1. Fred O. Hull, Senior General Counsel is a liar. A detailed documented formal complaint has been filed with the Texas Legal Bar.
2. Scott Noble, of Noble Royalties, Inc. has exhibited to me, the ethics of a Harlem back alley Pimp. A Crack whore, robbing a 7-11 at gunpoint has more integrity than Scott Noble has exhibited in his dealings with me.
Fred O. Hull, Junior unjustly, and I believe illegally, accused me of criminal acts and threatened legal action against me for conducting a marketing experiment FOR Noble Royalties, with the full knowledge, approval and assistance of a corporate officer, Wolf Hanschen, Vice President of Funding of Noble Royalties.
After three months of the experiment, Wolf Hanschen and Fred O. Hull called me and said they had concerns about Noble Royalties information on my website.
BEFORE being asked to remove anything, I told both of them that I would take everything off my site, which I did within 15 minutes after that call, AND sent verification of that to both Hanschen and Hull.
The next day I got a “Cease and Desist” letter from Hull, falsely accusing me of “misappropriation of copyrighted material”.
I already know that 3 out of 4 Brokers recommended to me by Noble Royalties have already BEEN BUSTED for FRAUD and other securities violations and they are still raising money for Noble Royalties.
The PROOF is on Scott Noble’s desk that I was operating with the knowledge, approval and assistance of a Noble Royalties corporate officer, Wolf Hanschen, Vice President of Funding.
Hull’s letter to me stated:
1. "Continued unauthorized misappropriations of NRIs copyrighted materials".
2. "Conduct is in blatant violation of various provisions of United States copyright laws and runs afoul of numerous state and federal securities laws".
"seek a temporary restraining order, preliminary and permanent injunctions, money damages, recovery of the true owners profits gained from their use and/or exploitation of the copyrighted material".
3. "this letter is not intended to be a complete statement of NRIs claims and rights, all of which are expressly reserved".
Hull took it upon himself to brand me as a thief.
Hull KNEW that a Noble Royalties Vice President of Funding, a duly recognized corporate officer of Noble Royalties, Inc., KNEW what I was doing, APPROVED of what I was doing, ASSISTED me in what I was doing and PROVIDED me with their supposed "misappropriated copyrighted materials".
In trying to rectify this erroneous slander against me, I have only asked for Scott Noble to be:
R E A S O N A B L E.
Instead, he continues to act like a spoiled brat.
In a conflict such as this where a person brings it to the attention of the CEO, an honest man would call up the injured party, apologize and try to correct the problem.
Instead, Scott Noble acts like a sissy mommy’s boy and keeps up his dysfunctional behavior.
I have made repeated offers to amiably handle this apparent Criminal Slander, Libel, Abuse of Process and Malicious Prosecution.
I have simply asked for a letter of retraction and an apology.
Instead, I get further insults and evidence of nothing but Malice in Scott Noble’s actions.
MALICE:
1. A desire to cause pain, injury or distress to another.
2. Intent to commit an unlawful act or cause harm without legal justification or excuse.
Merriam Webster Dictionary Copyright 2009
Want to know how crooked your Broker is?
Look up the legal track record of your favorite Noble Royalties, Inc. Broker here:
http://brokercheck.finra.org/Search/Search.aspx
Noble Royalties, Inc. in the news:
$455,000 Dispute
http://www.dallasnews.com/sharedcontent/dws/dn/localnews/columnists/sblow/stories/070906dnmetblow.1115b28.html http://energy.law360.com/registrations/user_registration?article_id=102924&concurrency_check=false
Law360, New York (May 22, 2009) -- Alliance Royalties Inc. has fired off a suit against oil and gas purchaser Noble Royalties Inc. and founder A. Scott Noble
an alleged fraud that led Alliance to invest in various oil and gas properties and resulted in millions being skimmed off the top.
Brokers selling Noble Royalties projects
Lawrence Singleton of MCL Financial Group:
1994 2 Counts of Criminal Charge of Petty Theft, reduced to Misdemeanor Offense Petty Theft. Plead "No Contest".
Gary L. Flater of MCL Financial Group:
June 2010, employed with MCL Financial Group. FINRA. Real Estate deal failed. $1,300,000 damages alledged.
August 2009, employed with MCL Financial Group. FINRA. Alledged damages $450.00. Complaint pending.
September 2007, US SEC Cease and Desist. Fined $60,000. Suspended from supervisory position for 3 years.
August 2006, NASD. Censured, fines $12,500
February 1997, employed with GDN Securities. North Dakota Securities Commissioner. Offering unregistered securities, not registered as broker or salesman and did not provide information requested by the North Dakota Securities Commissioner. Accessed a Civil penalty of $153,000.
December 1994, employed with Global Financial Group. NASD. Claims disputed and settles for $50,000.
December 1993, employed with GDN Securities. NASD. Censured and fined $3,500
MCL Financial Froup:
US Securities Exchange Commission Cease and Desist
http://www.sec.gov/litigation/admin/2007/34-56579.pdf
Linda Bak v. MCL Financial Group – modification
IN THE COURT OF APPEAL OF THE STATE OF CALIFORNIA
Linda Bak v. MCL Financial Group Modification
http://lawzilla.com/blog/linda-bak-v-mcl-financial-group-modification/
Linda Bak v. MCL Financial Group
www.courtinfo.ca.gov/opinions/archive/G040130.DOC
This case involves false and misleading statements to investors by
Defendant Michael B. Upton ("Upton7'), a registered representative associated with
a registered brokerage firm, MCL Financial Group, Inc. ("MCL').one of Noble Royalties, Inc.’s Brokers.
http://www.sec.gov/litigation/complaints/2007/comp20299.pdf
MCL Broker Commits Fraud in 27 REITs, Pockets Undisclosed Commissions
Michael B. Upton, a former Colorado broker with MCL Financial Group, one of Noble Royalties, Inc.’s Brokers will pay over $400K to settle SEC charges he fraudulently deceived investors in 27 real estate securities offerings. From 2003 and to 2005, Upton made material misrepresentations, minimized the investments' risks, which were substantial , and failed to disclose to investors that he received undisclosed commission on their investments, totaling nearly $300K. [SEC Litigation Release 20299, 9/25]
http://complianceinsights.typepad.com/what_went_wrong/2007/09/index.html
Michael B. Upton: 1999 Censured and Fined $5,000 by National Association of Securities Dealers. September 2007, Barred from associating with any Broker Dealers.
Kelly Clyde of MCL Financial Group:
August 2009, Misrepresentation, Breach of Fiduiciary Duty. Alledged Damages $418,718. Arbitration Pending.
Brad Brooks of Titan Securities:
1993 Churning, Unauthorized Trading, Breach of Fiduciary Duty. Alledged Damages $70,098. Ordered to pay $33,225 to Claimant
1998 Breach of Contract, Misrepresentation, Ommission of Facts and Negligence. Alledged damages: $245,000. Ordered to pay $65,000 as Compensatory Damages
