Securities Fraud Lawyer Blog
The Law Office of David Liebrader has opened an investigation into Marco Buhlmann for his capital raising activities, including the sale of securities.
Marco Buhlmann was the CEO of a company called 3Cubed. He also claimed to be a fundraiser for a company called Laundry Sauce, a company which manufactures and sells designer laundry detergent that comes in a variety of custom scents.
In the present matter giving rise to this investigation, Marco Buhlmann approached an individual about making a short term loan to Laundry Sauce. Marco Buhlmann claimed that Laundry Sauce was in the process of a final round of funding before going public, and needed funds for a Christmas holiday season ad blitz to get the public familiar with its product.
Mr. Buhlmann provided the Plaintiff with what he called a Deal Memo for Laundry Sauce, which described the company and its product and prospects. Marco Buhlmann told the Plaintiff that the Laundry Sauce investment would be short term, and Plaintiff would have his money back in 30 days.
According to Mr. Buhlmann Laundry Sauce was poised for explosive growth and would be dramatically expanding its product line to reach more customers as a result of the fund raise. When Plaintiff expressed some skepticism, Mr. Buhlmann told him that he would personally guarantee the Laundry Sauce investment. He drew up a promissory note and provided it to Plaintiff, which was signed on December 1, 2023. The agreement provided that Marco Buhlmann would pay interest of 20% a month, and would repay the principal in 30 days.
At the end of the 30 day term Plaintiff contacted Marco Buhlmann to ask for his money back. Thus began a series of excuses from Mr. Buhlman as to why he could not repay the promised interest and principal. Mr. Buhlmann initially claimed he was caring for a sick relative, which kept him from tending to business matters. This morphed into promises that funds would be sent by wire, which never happened, and claims that funds had actually been sent, which was untrue. Eventually, Marco Buhlmann stopped responding altogether to demands for repayment. As of the date of this filing, the loan remains unpaid, and Plaintiff has declared a default, and is in the process of filing a lawsuit against Mr. Buhlmann.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery. For the past 30 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud recover their financial losses. During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies. These recoveries via judgments, awards and settlements exceed $100,000,000.