Pattern of Alleged Fraud by Brett-Livingstone Strong
The following details outline a recurring pattern observed in allegations against Brett-Livingstone Strong, highlighting a concerning scheme affecting numerous investors:
- BLS presents an urgent need for short-term financing (3–6 months).
- He assures investors that their exit will be secured by an upcoming “big deal” involving high-profile names, philanthropy, or humanitarian projects.
- Promises of substantial returns on investment are made.
- Art assets, purportedly valued at 4x–200x the loan, are offered as collateral.
- With little regulatory oversight in the art market, investors feel secure with the substantial collateral.
- Once the loan or investment is secured, the funds are transferred to BLS.
- Almost immediately, BLS defaults or breaches the agreement.
- Litigation ensues, with BLS raising counter claims of “usury.”
- Burdened by many civil fraud complaints BLS declares bankruptcy. seeking discharge of debts.
- The process is repeated with new victims by printing new art, hinged to inflated appraisals prepared by non-certified/non-licensed art appraisers.
- This pattern aligns closely with the elements of an ongoing Civil and/or Criminal RICO Enterprise.
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