This is from a third party who was VP :
• Mr. Venters continual comingling of funds from Venture Capital Partners, The Movie Studio, and Destination Television. Mr. Venters uses these accounts as they are his personal accounts.
• Mr. Venters offers no real management skills. He continually puts down his sales and editing team and lends to a negative environment.
• The filming of Exposure was done in a rushed manner in which the script was not followed and the storyline was compromised due to lack of Mr. Venters being incapable of directing the film.
• Editing was never supervised by Mr. Venters before AFM and the movie was not ready to be shown as promised by November 5, 2012. Mr. Venters had never watched the film during edit to ensure quality standards.
• It is my belief that some funds raised for Double Exposure will be used to complete Expsoure and by definition, funding can be considered a Ponzi scheme.
• All utilities are past due and not paid accordingly. There have been several times our phones and internet has been shut off for failure to pay.
• Our audit with Pat Rogers I do not believe will be signed off on as he could not ethically do so with the comingling of funds. Mr. Venters claims that the auditor will not sign off on audit until the IRS disposition is filed. He claims our new accountant Monte will complete the audit by the New Year. I do not believe this can be done with the commingling of funds.
• SAG escrow has not been paid and has been due since August 2012. Mr. Venters claims that SAG cannot enforce this and has not paid.
• Mr. Venters signed the first affidavit with SAG claiming 123,000 was spent on Exposure. He then asked to revise and changed it to 201,000. SAG asked if this was the real amount spent. It was signed off on by SAG and Mr. Venters. Shortly after, Mr. Venters put on IMDb that 1,000,000 was spent on Exposure and is a direct false statement and SAG is aware of it.
• Mr. Venters promised all the actors their SAG eligibility under the contract on Exposure. None of the actors are eligible under the Ultra-low budget SAG contract.
• With the violations with SAG, SAG will not endorse any films presented by Mr. Venters.
• Mr. Venters refuses to get the appropriate insurance covering the building, assets, and any liabilities or injuries work related. He does not have auto insurance on the Movie Studio truck as well. I researched insurance many times only to be denied to secure it.
• Mr. Venters did not secure any permits for filming by the cities and did so illegally. I do not know if the city can penalize for that.
• Mr. Venters has been presented by me and the creative team ways to generate income through studio rental and he has declined all offers. The studio has not been rented out by anyone since Peter Langone has evicted from the building. This is a tremendous loss of income.
• Mr. Venters has made slanderous comments about all employees and has created a negative environment all around.
• Shareholders brought it to my attention that Exposure was originally owned by Destination Television. Monies brought in were supposed to be used for purposes of the movie. When the IRS put a lien on Destination Television, the movie was moved to Venture Capital partners for funding without consent of the shareholders. People who invest in VCP get a sweetener of DSTV stock. This is not approved by DSTV shareholders. When the movie is finally released, I believe there will be multiple claims as to who owns the rights to the movie. This is comingling of assets.
• Mr. Venters has made several false claims, such as; certain stars will be in the movies that have never signed, the mayor of Miami giving him a letter of approval to shoot anywhere in Miami, the shareholders have requested that certain things be done when they haven’t even been contacted.
• Mr. Venters will not give me access to the bank accounts for employee pay.
• Mr. Venters has failed to pay many commissions or salary to different individuals for work provided and does not keep records for IRS purposes of pay.
