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  • DLP Positive Note Fund

    Hi all,

    WCI has had Don Wenner from DLP Capital on the podcast a couple of times. I was looking at the available investment options with them and wanted to get opinions regarding the DLP Positive Note Fund. This is a debt opportunity fund that had fixed returns based on the amount and time of invested money. I was hoping to get yall's opinion on what the potential risks of this fund might be? Specifically, what if I were to invest money for 1 year that I would need 14 months later? To me it seems like a great way to make 5-6% on money that I do will definitely not need for 12 months, but will need soon thereafter. Any other advice/opinions on their other funds is welcome as well. Thanks!

  • #2
    I’ve decided not to trust my money to DLP.

    https://wwmt.com/news/local/firm-hea...financial-case

    Comment


    • #3
      Wow.

      Not only poured most of the fund money into a single Ponzi scheme, similar to what a number of now out of business funds with Madoff. Even if you belive they did not know it was Ponzi, it implies a low level of care for client money and deceiving them into believing they had a diversified investment.

      Selling unregistered securities is simply illegal. No excuse about being taken in by other scammers.

      Can't believe they are still attracting money to DLP. If it is legitimate, why does he still have a job there?

      How illiquid are their funds? Can people just bail out?
      Last edited by afan; 01-16-2022, 11:40 AM.

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      • #4
        Originally posted by Molar Mechanic View Post
        I’ve decided not to trust my money to DLP.

        https://wwmt.com/news/local/firm-hea...financial-case
        Nice detective work! How did you suss it out?

        Comment


        • #5
          Originally posted by Molar Mechanic View Post
          I’ve decided not to trust my money to DLP.

          https://wwmt.com/news/local/firm-hea...financial-case
          What does this have to do with DLP?

          Comment


          • #6
            Originally posted by White.Beard.Doc View Post

            What does this have to do with DLP?
            https://dlpcapitalpartners.com/our-leadership-team/

            Comment


            • #7
              Originally posted by White.Beard.Doc View Post

              What does this have to do with DLP?
              https://dlprealestate.com/leadership/bo-parfet/

              same guy?

              Comment


              • #8
                Originally posted by AR View Post

                Nice detective work! How did you suss it out?
                i saw a reference to something on private investors club, and just did a quick google.

                Comment


                • #9
                  Wasn't this Wenner guy on the podcast twice?

                  Comment


                  • #10
                    Anyone with better google skills than be who can find an update? This was a suit filed Oct 25, 2019.

                    https://www.courthousenews.com/wp-co...ed-million.pdf

                    Comment


                    • #11
                      Originally posted by Molar Mechanic View Post

                      i saw a reference to something on private investors club, and just did a quick google.
                      First I've heard of it. Have you found it useful for other things?

                      Comment


                      • #12
                        Originally posted by AR View Post

                        First I've heard of it. Have you found it useful for other things?
                        Yes, this and 506investors. There is some benefit from the introduction to other deals. The great benefit is crowdsourcing the due diligence and getting to see how more experienced people look at these deals, and often there is somebody with a particular experience or insight that is useful.

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                        • #13
                          I'll ask the DLP folks for an explanation.

                          To be fair, what you see is an allegation and notice of claim, not a judgment, but it sure looks bad. I'll be curious to hear their take as well.
                          Helping those who wear the white coat get a fair shake on Wall Street since 2011

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                          • #14
                            I have never invested with DLP, but I have to admit it has (had?) looked interesting.

                            I am looking forward to the information they share with WCI.

                            Comment


                            • #15
                              Granted, one can sue anyone for anything, but this was not some disgruntled investor. This is the Colorado Attorney General charging them with selling unregistered securities.

                              As on 2 years ago, Jumar was in receivership.

                              https://www.jumarreceivership.com/

                              No longer registered with the SEC.
                              https://adviserinfo.sec.gov/firm/summary/285177

                              Apparently no longer registered in FL.
                              http://search.sunbiz.org/Inquiry/cor...0M160000075840


                              From the few reports I find, their lawyer was not denying that they put almost all the money in a Ponzi fund. Does not explain how their claims of diversification fit with this.

                              I cannot find them saying anything in response to the accusation of selling unregistered securities.

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