Tag Archive: David Nilsen


This year seems a bit strange to me. For the first time in several years nothing major was going on. No Ketchum Project, No Sierra Shooting style news, the Sykes project is pretty much finished. Kind of sitting here twiddling my thumbs waiting for the “next big thing.”

Nonetheless the field team and I did stretch our legs a bit this year however, although nothing at all to report we had a wonderful time and getting out there with one of our Western NY folks Mike!

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We have gotten a trickle of sightings reports coming in, and we are actively investigating this long term situation. We visited the property and are extremely excited at the prospect of obtaining some evidence.

 


Air time!!!

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We are now looking for guests for Squatchdetective Radio as we go to a whole new user friendly format.

We will no longer be a live format show, unfortunately because of schedules and finding a network host that could work for us. We just couldn’t make a live show work since our hiatus, so we’ve gone to this more polished format.

We may however once a month or so do a Google Hangout Free for all… Be kind of cool to see who just may show up!

Chris Bennett and I look forward to getting on with getting on!! If anyone is interested on being a guest, just drop me a line at radio@squatchdetective.com.


Legal Beagle… On to the BS D’jour!

On Thursday, May 14th, 2015 I received a “nasty-gram” in my email from Biscardi attorney and Biscardi business partner, Dennis Kazubowski.

It started with this wonderful quip…

“On March 25, 2008, you signed a Limited Association Agreement with Searching for Bigfoot Inc. which is attached to this letter. According to the document you signed, you agreed to hold in confidence any information gathered and further agreed not to disclose or reveal to any person or entity any information discovered under the agreement without the express prior written consent of the other parties.”

                              -Letter to Steve Kulls from Biscardi attorney, Dennis Kazubowski 5/14/15

 

Well I did sign a Limited Association Agreement for a single expedition on March 25, 2008 which would serve as my last outing as a contractor with Biscardi.

I find it a bit odd that an attorney would list this as the first salvo in an attempt to have me remove my Blog and Hall of Shame pages on Biscardi and his activities.

Because this is what the confidentiality agreement ACTUALLY said…

“The parties to this agreement agree to HOLD IN CONFIDENCE any information gathered from this expedition and further not to disclose or reveal any person or entity or any information disclosed under this agreement…”

 

He kind of left out the whole, from this expedition,” part. Since I revealed nothing about my last expedition with SFBI part on my Website or Blog… that’s out.

The confidentiality clause was part of a LIMITED agreement, clearly defined and stated within the agreement.

As far as the Hall of Shame Page, my book “Fifty Large,” both California, and New York have a ONE year statute of limitation on defamation claims. Nevada, the State in which Biscardi’s enterprises have filed there incorporations has a two year statute. Since the Hall of Shame Page came out in 2010 and Fifty Large in 2011, they’re out as fair game for any consideration for defamation.

As far as libel, defamation, what have I said that was not backed up by fact?

That Biscardi was involved in the 2008 hoax? The other two hoaxers implicated him.

It was his words and actions and statements (everyone remember “touched it, felt it, smelled it, on Fox News?”) put his responsibility in question.

Why didn’t he sue Dyer and Whitton? In “Not Typical Bigfoot Movie,” Biscardi stated he would sue anyone that would hoax him?

Another element in a defamation case is a falsity with malice or malicious intent.  The latest blog I had posted simple facts and what a cited source had told me.

Biscardi claiming to see a video of your truly riding ATV’s with two hoaxers, as proof I had set him up, when no such video exists because it never happened; THAT is defamation.

Reporting facts, citing sourced information and analysis of such facts is NOT defamation or libel.

Editorial license, is also not defamation nor libel when there is evidence and actions to bring up reasonable questioning. Even parody when it pertains to public figures, (which Biscardi is rest assuredly) as long it does not blur the lines of truth.

It is a fact that Biscardi set up a foreign company with a man under indictment who subsequently plead guilty, for a Ponzi Scheme,who was the former CFO for Searching for Bigfoot.

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David A. Nilsen (Source: Monterey County Weekly.com)

In fact the Monterey County Weekly called Nilsen, “Monterey’s Madoff.” In reference to convicted Ponzi schemer, Bernie Madoff.

Nilsen was indicted on September 8th, 2009 and the indictment was unsealed on September 10th, 2009 after he had surrendered to authorities in San Jose. Nilsen subsequently pled guilty in a plea bargain in Oct. 24th, 2011 and received a sentence of 97 months, in 2012. (Source: FBI.gov)

Very clear from the Nevada Department of State, this Foreign Corporation headed by Nilsen and Biscardi, was clearly after Nilsen’s indictment (June 8th, 2010). It’s status was revoked, however I am unclear of the reasoning behind the revocation, and it could have been something as simple as a missed filing.

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File date: June 8th, 2010, some 9 months after Nilsen’s indictment. (Source: Nevada Dept. of State)

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Over 250 pages of police reports, public records and an SFBI Business Plan given to me from Rick Dyer which he had gotten from Biscardi.  (Source: Steve Kulls)

My personal opinion of Biscardi, is irrelevant, I do not go on this blog, my sites or other Podcasts and speak untruth without the evidence to back such up about anyone.

And I am not bullied so easily, especially when I lined my ducks up carefully. That’s my profession. My suggestion; “Don’t poke this bear.”


On the road again…

What a year it has been so far! I didn’t get the chance to get out to Salt Fork this year due to work commitments but did do the yearly Cabela’s Rare Strange and Unusual Sightings Weekend in March.

This year I am happy to add two more dates to the speaking line up:

August 21st – 23rd, 2015: Carnival of Parahorror

495 Paderewski Drive
Buffalo, NY 14212

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September 11th – 13th, 2015 Scarefest 8

Lexington Convention Center, Lexington, Ky

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Hopefully I will see some of you there! Stay tuned for more dates!

Till Next Time,

Squatch-D

On January 21st, 2015 Yoghita Patel of the Wall Street Journal penned an article that she claimed was going to be one thing, but turned out to be something completely different.

Essentially the article became a fluff piece for none other than Carmine “Tom” Biscardi and profiled his new company, Bigfoot Project Investments, Inc. It did cover some criticisms of Biscardi but I believe it’s a fluff piece because it left out the evidence and discoveries.

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Tom Biscardi on Bigfoot Black Friday – Teeth comparison perhaps. (Credit: Reuters)

I was personally involved in speaking at length with Yoghita, at her request. Forwarded documents. Apparently her editors must have been afraid to tell you what she found out and what I am about to here.

See the gist of the WSJ article, was covering Biscardi’s new company (however old schtick to us that have watched his hijinks over the decades) and his SEC filing to have a public offering for his new company.

To this effort, I applaud Biscardi, because it now lifts a big veil of secrecy behind his efforts finances.


Getting involved…

I was first contacted by William Allen Barnes about getting in contact with Yoghita in late 2013. He claimed she was doing a piece on Biscardi, but was also going to offer an alternative to Biscardi, in the Falcon Project and how his fund raising efforts differed from that of Biscardi.

He explained to Yoghita if anyone knew some insight to Biscardi it would be me.

We spoke and corresponded for almost a year on the article, and it appeared a lot of time was being spent on it.

Biscardi – Nilsen Connection

In late 2007 through 2009, Real Estate mogul, David Nilsen after initially contributing $50,000 as an investment into Searching For Bigfoot, became the company’s CFO.

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David Nilsen and the now very defunct Cedar Properties (Source: Squatchdetective.com)

Nilsen later was indicted in late 2009, and subsequently jailed in 2012 with an 8 year sentence for a Ponzi Scheme involving his Real Estate investment company.

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Nilsen’s indictment charges. (Source: Squatchdetective.com)

A question I pondered in my freshman book, “50 Large,” how much of Cedar’s monies, if any, got shuffled over to SFBI?

After much time going over Biscardi’s Georgia fiasco, with Yoghita, we came to the meat of the matter. I described my concerns since Nilsen was the CFO of SFBI at the time.

Since Biscardi was the CEO and majority shareholder at SFBI it would have been impossible for him to have not known about the monies, and given the fact that long time Biscardi cling on, Dennis Kazabouski was still involved as a controller in SFBI.

Coincidentally, the new company, Kazabouski just was assigned as temporary controller due to the immediate resignation of Sara Reynolds, filed with the SEC in March 2015.

Sara Reynolds

ADDRESS WITHHELD

Bigfoot Project Investments Inc.

Dear Board of Directors and Officers:

It is with regret that I tender my resignation from Bigfoot Project Investments Ins board of directors and CFO/Secretary/Treasurer, effective immediately.

I am grateful for having had the opportunity to serve on the board of this fine organization from the beginning and I offer my best wishes for its continued success.

Sincerely,

Sara Reynolds

Source: http://www.sec.gov/Archives/edgar/data/1569568/000107878215000426/f8k032415_ex99z2.htm

In April of 2014 I received a call from Yoghita and she seemed quite pleased  that my intuition was correct. She claimed she had contacted the Cedar Funding Bankruptcy Trustee, and discovered there were payments to SFBI shortly before Cedar’s demise in the amount of around $250K.  (Maybe my next book should be “250 Large!”)

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Will the next book be “250 Large?”

This also goes in tandem with Biscardi and Nilsen starting a short lived foreign corporation called New Limited Concept, Inc. in June 2010, after Nilsen’s indictment. Foreign corporation?

 


On anther note: Bigfoot Project Investments Inc. And their worth is…

Over at the Hall of Shame, and in “50 Large“, we’ve featured the 2008 SFBI Business plan which lists itself as and Entertainment company. Likewise, Bigfoot Project Investments, Inc. lists itself as a Movie Distribution company.

In January 2013, SFBI no longer became an independent company, but “bought out” by the new company for $924K by issuing a promissory note and issuing over 4 million shares of the new company’s stock, valued at $0.10 a share.

As part of the asset transfer agreement Bigfoot Project Investments, Inc. received the following assets:

Footprint cast of Bigfoot – 73 original casts

Photographs of Dead Creature from Strickler, Arkansas 1994 Dear Creature Incident

109-inch Skeleton

Various Media Artifacts – Video TV News Media – 52 news stories

Contract to sell Dinosaur fossil – most recent estimate by Paleontologist $1.2 million dollars

Rubber suit from 2008 hoax

Various DNA samples – Hair, and nails

License to use 6 dinosaur displays

Exclusive rights to the Bigfoot Website

Exclusive rights to the Bigfoot Live Radio Show

Exclusive rights to the Bigfoot Live Radio Show Website

360 hours of raw footage from expeditions for movie development

Various DVD Movies and Documentary film projects

Exclusive rights to all current contracts negotiated under Searching For Bigfoot, Inc.

The above list is a complete list of the fixed assets for Bigfoot Project Investments, Inc.

Source: http://www.sec.gov/Archives/edgar/data/1569568/000107878215000426/f8k032415_8k.htm

It was apparently obvious that they were using the template from the SFBI business plan, and not so descriptive, as we all now the descriptions in the original plan were inflated and filled with misrepresentations. Of course it looked good when trying to show potential investors especially when you valuate your materials at over … $17 Million Dollars.

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The 2008 SFBI Business plan asset list.

What I do find a bit “odd” is that none of their equipment, i.e. night vision gear, Thermal Imager, Talon Net system (which never worked), parabolic mics, camping equipment. All of which is NOT listed on their asset list either then or now.

According to SFBI former veep, Robert “Javabob” Schmalzbach, they never disturbed the skeleton, only removing a small sample. Why is it on their inventory sheet now?

The contract to sell a dinosaur fossil? That contract is now over seven years old if it hasn’t been rescinded yet. The original agreement stated that Biscardi had to sell the fossil for no less than $5 million.

After collecting over $700,000 under the guise of SFBI, through 2008, gone now is the goal of establishing museums. I am unsure of the amounts collected for Museums through 2013 when they became a non-independent entity.

Also on the list of assets, is the Rubber Suit from the 2008 Georgia Hoax. Wow, there’s an asset. Remember the one that Joshua P. Warren tried to sell on EBay for investor Bill Lett? Lett states Warren contacted him, but we all know who gave him Bill’s phone number. After all Biscardi had been on as a guest on Warren’s radio show a few times. The connection was quite clear.

In 2008 you claim 17 mil in assets.

In 2013 you pay $924K for SFBI.

Two years later this is what the new company claims its assets are:

Assets

Source: http://www.sec.gov/Archives/edgar/data/1569568/000107878215000426/f8k032415_8k.htm

Less than $8000 and only $2300 is in cash.

Their liabilities are inflated due to the buyout of the SFBI investors which they’re still on the hook for:

Liabilities

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Source: http://www.sec.gov/Archives/edgar/data/1569568/000107878215000426/f8k032415_8k.htm

Of course Angel Investor money keeps dribbling in making the amount of deficit even greater:

Shareholder Advances

Source: http://www.sec.gov/Archives/edgar/data/1569568/000107878215000426/f8k032415_8k.htm

Obviously, Stagecoach, Nevada 2005 and Georgia 2008 took a huge hit to him. Morgan Matthews movie, “Shooting Bigfoot,” certainly didn’t endear Biscardi to anyone except maybe to the people who make Snapple.

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Source: Shooting Bigfoot

The company’s two year cash flow has been,

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Source: http://www.sec.gov/Archives/edgar/data/1569568/000107878215000426/f8k032415_8k.htm

Kudos and salutations! The number’s don’t lie.

Till Next Time!!!

Squatch-D

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