Tag Archive: William Allen Barnes


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.

Cedar

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!”)

money

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

Liabilities2

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.

angry-tom

Source: Shooting Bigfoot

The company’s two year cash flow has been,

FLow1

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

Hi gang… after a much needed rest, I am slowly easing myself into operational mode.


Have to mention this…

First, I think everyone is shocked and saddened at the loss of Robin Williams, not only being 63 but in the manner in which he has passed.

Many folks don’t know this but when I was a teenager, I had a friend who committed suicide hours after basically saying goodbye to all his friends, talking to them one last time. I spoke with him about an hour and a half before he took a .357 to the mouth.  It gave me a prolific manner in which I look at suicide.

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Robin Williams 7/21/51 – 8/11/14

Let’s all take a minute to remember those friends we have that struggle with depression, and the devastating toll it takes not only on them but their family members and friends. Let’s reach out to them and make sure they are “ok.”

And if they need help… stage your own intervention. Get them the help. I know in all circumstances this is not possible, but if this message saves one person down the road, it has served its purpose.


Announcements:

On June 24th, I began working again as a private investigator once again, and my area covers five surrounding states. So I am on the road constantly during the week but have access (unless I am in God’s country) to email, internet and social networking.

On July 2nd this year my apartment flooded due to the malfeasance of the property caretakers. So we immediately packed and made an emergency move which worked out for the best.

So now we are into a month of casual unpacking. Soon to be in the field with the Squatchdetective Field Team again, and happy to get the Massachusetts contingent up and running.

We’re finalizing some reports from Vermont, thanks to our man there, Frank Siecienski and help from author Paul Bartholomew.

Squatchdetective Radio will be returning sometime in October as both Chris Bennett and I are looking forward to getting back into the hot topics of the Bigfoot world, and I am toying with a new format as well.

Lot’s of nothing has happened since my “vacation,” but since I’ve been nosing around things have been popping up like crazy.

Strange…2 of our three stories of the day have a derivative of “falcon” in it.


Falcon Project gets funded…

 

MKII

Soon may be flying over a forest near you!!! (Credit: The Falcon Project)

Internet rumor has it that the Falcon Project, run by our friend William Allen Barnes, has gotten $250K in funding for 3 dirigibles.

That’s stupendous! and congratulations are in order if true for their dedication and perseverance of getting the project off the ground, both metaphorically and literally.

There’s our first Falcon….now off to a Falconer!


Standing’s last stand?

As we’ve tried to educate readers here over the last 8 years, Todd Standing was my second inductee into the Hall of Shame. Even the man who “found God,” was number three.

In fact Todd puts the man who “found God” to shame. He hasn’t been just a flash in the pan. He’s been consistent making headlines over the years and actually has been able to garner a little credo, via the Canadian Parliament (who quickly retracted), and “Survivor Man,” and has managed to get Dr. Jeff Meldrum to co-host a radio show with him.

Reason being, is… he’s a better actor than, “I found Jesus,” whose over the top performances and “I dare you attitudes,” amongst other severe sociopathic tendencies has made him easy to read.

Fact is Todd’s delivery and presentation is much more an act of scientific presentation than a Barnum and Bailey act as the previous.

Over the years, such as Todd’s “Puppet Face” where we’ve pointed out the anomalies on the shadowing of the branches, even so much as having a photographic expert come on Squatchdetective Radio to verify as much, the line at the bottom of the septum (nose), as well and let’s not forget “Blinky,” where we completely destroyed the idea that was a video, but part of a composite.

The following was presented to me by Daniel Falconer and Phil Poling. It is a critical examination of the Sylvanic bigfoot videos released by Todd Standing.

cover

After reading such, it backs up many of the things we stated earlier over the years and has some other interesting analysis which rather slaps Standing right in the face, and it should be a cold shower to the “Standlings” aka Todd’s supporters.

Standing and Blinky

Composite shown in the report. (Credit: P. Poling/D. Falconer)

Here’s a direct download for the report.


Speaking engagement in October

Yes back to Chautauqua Lake this year for the weekend of October 24th –26th.

Different format and lineup this year, sans me of course, and we will be bringing Vermont Researcher Frank Siecienski (also who nabbed the Vt. Trail Cam Photo in 2010). Other speakers TBA as soon as I hear confirmation. 

Things are in the works so I will try to get them to you as fast as possible.

2013-CLBF

Meanwhile event organizer Peter Weimer once again is trying to petition the State and Federal governments to offer protection to the yet to be discovered species as a precaution… that petition can be found here and I encourage all to sign and add their name to the ever growing list of people calling for protection of the species.

A brief sidebar…

For the conference “poo-pooers” out there note, the speakers in this conference are not being paid for their appearance, only certain expenses are being covered.

We do this because we love to talk all things Bigfoot / Sasquatch meet and greet other researchers and most of all hear more encounter reports straight from the witnesses.

If occasionally somebody pays me for a speaker honorarium etc. I put that towards the costs of website, radio show production, my cryptid / paranormal library and most of all equipment.

                                                                                                                —Steve

 

I hope to see some of you there!!!

Till Next Time…

Squatch-D

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