1859operating.com Reports & Reviews

1859operating.com Reports & Reviews (1)

- Littleton, CO, USA

Phone: (512) 777-9763
Website: 1859operating.com
Address: 1310 Ranch Road 620 S STE B-203, Austin, TX 78734, USA
Email: [email protected]
Country: United States
Total money lost: $100,000
Type of a scam: Investment

DO NOT INVEST in this company! At the beginning of 2024, I was a victim of a real estate business scam and lost $25K. I had been speaking with a representative at 1859 for many months before my scam, so he was fully aware of my situation. After all of our conversations, he convinced me that a good way to get an immediate ROI was to take out a HELOC on my home, so I could begin taking advantage of that equity now and recoup my loss due to the scam. I didn't have any other way of investing in the oil, so I took out a HELOC loan. Again, my contact at 1859 and I had discussed that this would be a great way to get an immediate ROI, versus my 401K, Company Stock, and some land parcels, where my ROI for each of those investments can take 5-20 years. Everything that was given to me by 1859 indicated that I would have an immediate ROI, of approximately $2500/month, which was the minimum amount mentioned they were seeing with all of their oil projects. I invested in 1859's Keller 9 project, in July 2024, for $100K and incurred a HELOC payment of $700-800/month. However, at the exact same time I invested on that project, the SEC contacted me and shared details about 1859 and the current projects I should have been aware of before investing in the company. So, I asked 1859 what that investigation was about and was told it was a routine investigation. Well, nobody gets investigated by the SEC unless there is a complaint. As of May 2025, I received a statement for September 2024 and November 2024. I have only been paid less than $200, most months there is NO payment. That amount is ridiculous and far from the projections. I would have NEVER invested in oil, or with this company, if I had known there was not going to be an immediate monthly ROI, as promised. In ALL of my information and in ALL discussions, not once was it ever mentioned that the ROI could be way lower than the projected amounts, and that it could take months or even years to get to the projections that are shown in ALL presentations. Now, I am going into more debt each month, and the only thing I ever heard from 1859 is they were working on a solution, which never happened. That's a vague reply, and there was never a solution. One of their owners was a part of a Ponzi scheme years ago and went to jail. I only found out about that from the SEC. I should have been aware of this before I sent the money. I have lost all trust in this company and believe this is oil and gas investment fraud and have reported them to the BBB, Rip Off Report, SEC, etc. I am doing what I can to ensure this DOES NOT happen to anyone else!!!

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