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N4T Investigators: Concert promoter in court - KVOA | KVOA.com | Tucson, Arizona

N4T Investigators: Concert promoter in court

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Tucson - Freddy Stahmer promoted dozens of concerts in several states over the past five years. The shows featured 80's rock bands.

Now, the 49-year-old Oro Valley resident is between a rock and hard place.

Stahmer is under investigation by the FBI and the target of a lawsuit by five former investors in his company, Frederick Entertainment, alleging he defrauded them out hundreds of thousands of dollars.

this is not the way anyone would have planned for a long term business venture to proceed.

Stahmer gave the News 4 Investigators his first interview since the lawsuit was filed. This was minutes after a court hearing was held to try to determine his financial situation. Pima County Superior Court Judge Lee Ann Roads directed plaintiffs' attorney Craig Cline to subpoena Stahmer's father, who Stahmer lives with, to provide family trust documents. And she told Stahmer, who was without an attorney, to provide details about his life insurance policy.

The former investors claim they gave Stahmer $275,000 towards the costs of several concerts. In return, they say Stahmer was supposed to pay back their investments, plus dividends, often 10%. The suit also claims that when Stahmer sent investors a check for $100,000, it bounced. 

"I think he's a con artist," says Madison Hill. She says she lost $45,000 to Stahmer. The former Tucson resident says she made money from a few concerts initially, rolled over her dividends, then lost it all. Hill says she got involved with Stahmer's company through a mutual acquaintance and requested her money back last August. 

We asked Hill, "You've tried to contact Freddy Stahmer through your mutual acquaintance?" She replied, "Through my mutual acquaintance, through lawyers, myself, emails, texts, phone calls. Nothing." We then asked her, "If you could talk to Freddy, what would you say?" She answered, "I would like to know where our money went."

After the court hearing, we asked Stahmer, "What happened to the investors money? What did you do with it?" He said, "I can't go into any detail on that." He did claim, "There was no personal benefit from this whatsoever. No accumulation of any assets, no accumulation of any cash. It was a situation in which the losses were just so prevalent that it came to a point where we were unable to proceed as a company."

As the News 4 Tucson Investigators reported recently, the FBI is seeking the public's help to identify former investors and vendors who worked with Stahmer and his company, and has established a dedicated complaint line. The number is 520-594-2800.

No date has been set for Stahmer's next court hearing; we'll keep you posted.

If you have a story you'd like us to investigate, email us at investigators@kvoa.com, or call 955-4444.

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