About The Truth About Sycamore Entertainment Group

The distribution business of Sycamore is a scam. There are no distribution agreements or revenue, or the agreements outlined above are wildly exaggerated in terms of their value. The purpose of Sycamore is attracting investment funds and to manipulate Sycamore's stock on the OTC Pink marketplace for the benefit of Sylvan and the other defendants.

Sylvan uses monies paid to Sycamore by its investors as his own and to distribute it to the other defendants. He draws a salary of $250,000 per annum from Sycamore and claims it against Sycamore as a loan. Only $30,000 is actually booked to Sycamore. To date he and his brother Terry Sylvan claim to be owed at least $2.5 million by Sycamore.

The defendants have repeatedly engaged and conspired to engage in the following transfers of money (the "Transfers") with the intention to defeat, delay or hinder recovery to the Plaintiff of amounts due and owing:
 

(a) Transferring funds from Sylvan to the defendants in the form of gifts, rent, or claimed living expenses when no proper amounts were due and owing by Sylvan;
 

(b) Transferring funds between Sycamore and the defendants in the form of consulting fees, shares, or salary when no proper amounts were due and owing by Sycamore;
 

(c) Transferring funds from Sylvan or Sycamore to the other defendants to pay other miscellaneous expenses, including servicing loans, without any or in the alternative sufficient consideration; and
 

(d) Transferring funds from Sylvan or Sycamore in payment of amounts owing to the other defendants in preference to the amount owing to the plaintiff.

At the times each of the Transfers was made, each of Sylvan and Sycamore were in insolvent circumstances or knew he or it was on the eve of insolvency.