Investment Scam by Steven J. Muehler and LA Investments Capital

June 21, 2009 - PRLog -- Steven Muehler and SJM Investment, AKA LA Investment Banc, AKA LA Real State and LA Eco Found have violated, and continue to violate, the anti fraud provisions of the federal securities laws, by misappropriating investor assets and making materially false and misleading statements in connection with the purchase or sale of securities.

Steven solicited investors nationwide through newspaper ads and webistes for LA Investment Capital, founded in December 2008. Steven Muehler has never been registered with the Commission in any capacity.

Over time, Steven Muehler used different names to describe his investment scheme and created several LLCs companies with the intention of de-fraud his investors and brokers.

Muehler, by engaging in the acts and conduct alleged above, while acting as an  investment adviser to apooled investment vehicle, by the use of the means and instrumentalities of interstate commerce and of the mails, directly and indirectly, has engaged in transactions, practices, and courses of business which operate as a fraud or deceit upon investors in the fund.

The following companies were part of the fund and private placement memorandum (PPM):
CP Clearwater, LLC
Broadway Hotel, LLC
Gateway Hotel / Holiday Inn
Beachside Bus & Storage
Bristol Storage
Budget Mini Storage
BlueBonnet Mini Storage
Parkside Apartments
Central Park Apartments
Willow Ridge Apartments
Gateway Station
Devils Lake Hotel Ventures, LLC
The Congregate
Gary Kanter

If you are one of those investor listed above, your personal information, confidentiality and contract were publish on a public site by Mr. Muehler breaching the SEC laws.