These peopl have already lost. Don’t you get that. The Scammers were managing their properties and stopped making payments last October. The DA has been “investigating” for 2 years and nothing has been done. They filed the lawsuits in January against the Scammers to try to avoid the lenders forclosing, which didnt work. Now they are fighting for the rest of us.
I am a local resident and appraiser and i have watched this company operate for 2.5 years with nothing being done to stop them. Unless the press keeps pressure on the DA, they wont pursue this case until the end. These guys thrive on manipuplating the ignorant.
Take my word for it. Its complicated, you’ve seen the number of DBA’s and other corps they operate under. But I can tell you they are still doing it. Either they search for other appreciating markets to abuse in other states, or they find another angle.
The head guy was stealing from the Elderly while living in Irvine 5-7 years ago. He moved here because he lost everything there when he got caught and the DA never pressed charges. He started up here with his same croonies and was hugely successful, not to mention arrogant. He still drives around town in two new BMW’s telling his old neighbors that he will never go to jail.
Ignorance aside, if any of you go to church and your pastor recomends a fellor member may be able to help you find a suitable way to invest your IRA’s or other savings because you are conserned on which way to invest, you cannot tell them they deserved it. They didnt start out expecting the company to buy up 6 houses in 6 months.
Yes, their credit deserves to dive and they cant live in a house they cannot afford. But dont validate the Scammers logic. They feel justified also. Their defense is that the investors just dont like that the market has turned.
Think again. This company fraudulently inflated Values with fraudulent Appraisals! the people didnt know that!
