The Rosy Posey Ponzi Scheme

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Christine Rosamond Benton had formed seven partnerships according to a data base I looked at in Sacramento. In 1986 Christine formed a partnership with her father and sister, using monies left to Vic Presco by his mother, and monies Vicki Presco took from a joint account she had with her mentally ill husband whose violence forced Vicki to join the Navy to get away from him. Ken Prather bonded with an heiress of the Levi Straus family, who offered to help Ken whack my younger sister. Ken and Vicki, and my father, did not like to pay their taxes. After Christine and Garth refused to give Vic and Vicki any proceeds from the sale of the four images they invested in, Vic turned the Benton’s into the IRS, because, he believed they turned him into the IRS. Mark Presco also evades paying his taxes. This is why I forbid my MINOR daughter, Heather Hanson, and her mother, Patrice Hanson, to have anything to do with my family. Believing there were bas of money just sitting there with their name on it, they saw my family behind my back. They made me out to be insane and making shit up. Another Christmas is approaching where I will not see my grandson, who is ten. Consider this blog My Family Christmas Report – with Rosamond in sparkly dress.

Above is the document my aunt Lillian sent me ten days after Christine was “killed” by a rogue wave. We talked on the phone and told me how shocked she was to receive it.

“How utterly tasteless! I almost has a heart attack!” my aunt told me.

The word “Retail” is key. Not only is it cold, it suggests there might be a “Wholesale” price. There might even be a “Discount” price if you buy more that one. When I went to Christine’s house for the funeral, my detective friend, Michael Harkins, took me out to the garage where I saw shelves stacked with the prints on this list. We wondered if the Benton’s showed this stock to prospective investors. Were they told a successful marketing scheme would get these prints moving out the GARAGE door? How about a No.1 Best Seller – and a Blockbuster Movie?

Why would Garth flood the Rosamond Print Market with the Dead Artist Ad that was sent to past customers that were on a list that Stacey Pierrot had. She told me Garth forced her to make that ADVERTISEMENT. Vicki told that Garth was in a lot of trouble, but, was not specific. I found out he and Christine were being audited by the IRS, but, what about THE INVESTORS – the silent partners……..the folks who took a tax write-off when their prints did no sell?

What Garth was worried about, was a disgruntled investor rolling over on him. He needed a NEW INVESTOR so as to pay the old investor, who was threatening to spill the beans. He needed some rich dude who bought a Rosamond to look at this list, like a big bass in the lake, and come to believe the price on these prints were going to go through the roof, because, we got a FAMOUS DEAD ARTIST! There is talk of a book and the promotion of ‘Dunkin the Frog’. Carrie Fisher wrote a screenplay about Rosamond. Where is that manuscript? Did Carrie invest in Rosamond – while she was alive? How can anyone come forth and tell the truth if they are dirty?

“Use the force Juan! Use the force!”

Here is the sentence that opens  the door to the Solid Gold Room.

“She opened Rosamond & Co. in 1987. Friends said she had recently been part of an art exposition in New York….and the orders for Rosamond prints were coming in rapidly.

She wanted to have her work shown all over the world!” Belford said. “Everything was finally happening for her.”

Shortly after Lillian sent me the price list, I got a call from Jacci Belford, who said she made an offer to pay off creditors and purchase the entire estate, which included all the prints on the pricelist – including the four prints on the top of the list that were produced by the Family Partnership formed by Christine, Vicki, and Vicki.

“I’m glad Vic is not going to get his prints back!” Belford told me, she once Christine’s best friend and Rosamond Gallery Manager.

In Snyder’s biography ‘When You Close Your Eyes’ he says Christine had gone back with Circle Galleries, and was going to close the Carmel gallery. It was Circle Gallery that put on the New York show, and three other shows in major cities. I suspect Rosamond prints were NOT SELLING, and Circle let my sister go. She was told this on the day she was “killed” by a rogue wave. I suspected she committed suicide. This is why I launched an investigation.  But, I could not rule out murder, especially after reading this in Sydney Morris final report.

“In Mr. Sydney Morris’s Report of the Administration he says on page 4 line 10;

“Petitioner hired Stacey Pierrot, who had been assistant manager of the gallery during Decedent’s lifetime, to run the gallery and prepare and execute a marketing plan. The gallery was run by the estate until March 1996 when the gallery was sold to Ms. Pierrot through a contract approved by this Court. During the time that the estate operated the gallery, aggressive marketing efforts were made in an attempt to stir interest in Decedent’s work and increase the potential market for her work. In spite of these efforts, interest in Decedent’s work continued to wane.”

On page six, Mr. Morris explains why there was a delay in the closing of the estate;

“By September 2000, however, plans were underway for a biography of Decedent, which Petitioner hoped might create interest in her work. The book was published in 2002. Although the book did not spur the hoped-for interest in Decedent’s life and work, efforts continued to market the concept of a screenplay based upon Decedent’s life. Petitioner hoping that this might be brought to fruition, elected to keep the estate open. However, it is the Petitioner’s belief the likelihood of an increased interest in Decedents work is negligible, and the time has come to close the estate.”

Go to the bottom of the list and look at the price of ‘Galletia’. Now, multiply that by 300. That’s $465,000. Suppose Jacci Belford pointed this out to past purchasers who recieved this ad, then told them the price is going to increase now that she was “killed” by a rogue wave. Stacey was Jacci’s friend whom she introduced to Christine, who hired her to work in the gallery. Did she invest any money? Lillian told me she was an “Heiress” and had money.

Above is a photo of three happy Presco children, who are happy because I am the only family artist. Christine did not take up art until she was twenty-four. Rosemary had us pose before the painting I did that is sitting on the bookcase full of rare books. It was chosen to tour the world in a Red Cross show. According to the Liars and Art Forgers who ran a Ponzi Scheme, Rosamond is a closeted artists, whose work is hidden away somewhere.

She wanted to have her work shown all over the world!” Belford said. “Everything was finally happening for her.”

Rosamond’s work had been broadcast all over the world – for years! Belford is using MY family tragedy to lure in fresh investors. What a fucking piece of shit!

In 1987 I beheld my father wearing a white jacket with a cote of arms on it that read

“Von Prescowitz” I asked him for details and he told me he had s study done – that he refused to tell me about., Victor wrote this jacket to Carmel and met the famous actor Jimmy Stewart, whom Rosamond did a portrait of. Rosemary had a video of this.

The lie that Rosemary wanted only me to be a famous artist was hatched to make me look like I am guilty of Sour Grapes.  Did potential investors ask about me and the things I posted on the web. Did my daughter and her family – want to believe this was the case? For this reason, I will be sending my novel ‘Anatomy of a Rogue Wave’ off to some publishers. I have employed FICTIONAL CHARACTERS to tell my tale, which is a Creative Cosmic Joke.

P.S. What’s with Rosamond’s hair in the article below. I saw Medusa. For those in the know we are looking at the reincarnation of a Greek Adventure-Tragedy. Rena Easton take note.

Jon Presco

Copyright 2015

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A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.

Ponzi schemes occasionally begin as legitimate businesses, until the business fails to achieve the returns expected. The business becomes a Ponzi scheme if it then continues under fraudulent terms. Whatever the initial situation, the perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme.[1]

The scheme is named after Charles Ponzi,[2] who became notorious for using the technique in 1920.[3] The idea, present in novels (for example, Charles Dickens‘ 1844 novel Martin Chuzzlewit and 1857 novel Little Dorrit each described such a scheme),[4] was actually performed in real life by Ponzi who with his operation took in so much money that it was the first to become known throughout the United States. Ponzi’s original scheme was based on the arbitrage of international reply coupons for postage stamps; however, he soon diverted investors’ money to make payments to earlier investors and himself.[1]

About Royal Rosamond Press

I am an artist, a writer, and a theologian.
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1 Response to The Rosy Posey Ponzi Scheme

  1. Reblogged this on rosamondpress and commented:

    I complained to Sydney Morris that he had sanctioned a Invasion of My Privacy where outsiders were invited into our inner sanctum and allowed to use us, and our sexuality, to make money for the creditors, and two heirs. The Karashians were all asked if they want to be Cosbied, given a rectal examination against their will, and were put under contract. I was offered no contract or money-making deal, thus I was rendered a non-entity and un-familied. I was humiliated in every way. Rena takes my love letter and shows it to the Sheriff. We were worthy of being treated like Reality TV Stars. https://www.youtube.com/watch?v=prSAxuENUyg

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