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urbanrealtor.
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February 28, 2008 at 10:20 PM #162751February 28, 2008 at 10:31 PM #162362
CoronitaParticipantCorrect – however, I recall reading in an earlier posting that someone was blaming these individuals for the fall of the housing market in the Inland Empire…
Point is: they are not the only loans to go under. Many of these sub-prime loans were taken by people who were young and seen a method to obtain a first home.
I believe the movie "The Devil's Advocate" states that pride gets them everytime…earlier he knew to use greed to lure individuals – commonly part of his or her own "lusts." Yes, greed did play a part in many of the decisions to get involved as it does the desire to hit the lotto in many individuals intent in purchasing a ticket – still boils down to greed.
As far as blaming these con-artists (if I may), I believe it was more a point of keep other individuals from entering into the same situation to which they had entered. For example – the Heath case and many others that are yet unknown.
According to the articles, these con-artists are still practicing their arts.
Folks who participated in this scheme inevitable were part of the process to artificially inflate RE. As is everyone else who took out easy money/interest only subprime and who really could afford to make ends meet, as well as banks,government, etc who loosened lending standards so much. ALL guilty as charged.
May I remind you that the original purpose of this thread was to report what happened to ocrenter's blog, and has since then been hijacked to talk about what happened in riverside? Shall I remind everyone how it was hijacked?
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
February 28, 2008 at 10:31 PM #162657CoronitaParticipantCorrect – however, I recall reading in an earlier posting that someone was blaming these individuals for the fall of the housing market in the Inland Empire…
Point is: they are not the only loans to go under. Many of these sub-prime loans were taken by people who were young and seen a method to obtain a first home.
I believe the movie "The Devil's Advocate" states that pride gets them everytime…earlier he knew to use greed to lure individuals – commonly part of his or her own "lusts." Yes, greed did play a part in many of the decisions to get involved as it does the desire to hit the lotto in many individuals intent in purchasing a ticket – still boils down to greed.
As far as blaming these con-artists (if I may), I believe it was more a point of keep other individuals from entering into the same situation to which they had entered. For example – the Heath case and many others that are yet unknown.
According to the articles, these con-artists are still practicing their arts.
Folks who participated in this scheme inevitable were part of the process to artificially inflate RE. As is everyone else who took out easy money/interest only subprime and who really could afford to make ends meet, as well as banks,government, etc who loosened lending standards so much. ALL guilty as charged.
May I remind you that the original purpose of this thread was to report what happened to ocrenter's blog, and has since then been hijacked to talk about what happened in riverside? Shall I remind everyone how it was hijacked?
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
February 28, 2008 at 10:31 PM #162673CoronitaParticipantCorrect – however, I recall reading in an earlier posting that someone was blaming these individuals for the fall of the housing market in the Inland Empire…
Point is: they are not the only loans to go under. Many of these sub-prime loans were taken by people who were young and seen a method to obtain a first home.
I believe the movie "The Devil's Advocate" states that pride gets them everytime…earlier he knew to use greed to lure individuals – commonly part of his or her own "lusts." Yes, greed did play a part in many of the decisions to get involved as it does the desire to hit the lotto in many individuals intent in purchasing a ticket – still boils down to greed.
As far as blaming these con-artists (if I may), I believe it was more a point of keep other individuals from entering into the same situation to which they had entered. For example – the Heath case and many others that are yet unknown.
According to the articles, these con-artists are still practicing their arts.
Folks who participated in this scheme inevitable were part of the process to artificially inflate RE. As is everyone else who took out easy money/interest only subprime and who really could afford to make ends meet, as well as banks,government, etc who loosened lending standards so much. ALL guilty as charged.
May I remind you that the original purpose of this thread was to report what happened to ocrenter's blog, and has since then been hijacked to talk about what happened in riverside? Shall I remind everyone how it was hijacked?
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
February 28, 2008 at 10:31 PM #162690CoronitaParticipantCorrect – however, I recall reading in an earlier posting that someone was blaming these individuals for the fall of the housing market in the Inland Empire…
Point is: they are not the only loans to go under. Many of these sub-prime loans were taken by people who were young and seen a method to obtain a first home.
I believe the movie "The Devil's Advocate" states that pride gets them everytime…earlier he knew to use greed to lure individuals – commonly part of his or her own "lusts." Yes, greed did play a part in many of the decisions to get involved as it does the desire to hit the lotto in many individuals intent in purchasing a ticket – still boils down to greed.
As far as blaming these con-artists (if I may), I believe it was more a point of keep other individuals from entering into the same situation to which they had entered. For example – the Heath case and many others that are yet unknown.
According to the articles, these con-artists are still practicing their arts.
Folks who participated in this scheme inevitable were part of the process to artificially inflate RE. As is everyone else who took out easy money/interest only subprime and who really could afford to make ends meet, as well as banks,government, etc who loosened lending standards so much. ALL guilty as charged.
May I remind you that the original purpose of this thread was to report what happened to ocrenter's blog, and has since then been hijacked to talk about what happened in riverside? Shall I remind everyone how it was hijacked?
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
February 28, 2008 at 10:31 PM #162761CoronitaParticipantCorrect – however, I recall reading in an earlier posting that someone was blaming these individuals for the fall of the housing market in the Inland Empire…
Point is: they are not the only loans to go under. Many of these sub-prime loans were taken by people who were young and seen a method to obtain a first home.
I believe the movie "The Devil's Advocate" states that pride gets them everytime…earlier he knew to use greed to lure individuals – commonly part of his or her own "lusts." Yes, greed did play a part in many of the decisions to get involved as it does the desire to hit the lotto in many individuals intent in purchasing a ticket – still boils down to greed.
As far as blaming these con-artists (if I may), I believe it was more a point of keep other individuals from entering into the same situation to which they had entered. For example – the Heath case and many others that are yet unknown.
According to the articles, these con-artists are still practicing their arts.
Folks who participated in this scheme inevitable were part of the process to artificially inflate RE. As is everyone else who took out easy money/interest only subprime and who really could afford to make ends meet, as well as banks,government, etc who loosened lending standards so much. ALL guilty as charged.
May I remind you that the original purpose of this thread was to report what happened to ocrenter's blog, and has since then been hijacked to talk about what happened in riverside? Shall I remind everyone how it was hijacked?
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
February 28, 2008 at 10:32 PM #162347CoronitaParticipantSubmitted by nostradamus on February 28, 2008 – 6:35pm.I looked at the complaint. Oh my goodness.
(1) commit to a three year investment; (2) turn over all of their financial affairs to PWM; and (3) ask no questions of PWM management regarding the use of their funds or credit.During the summer of 2006, PWM began applying for credit cards and opening new lines of credit in the names of individual investors. Investors Were then contacted by a PWM representative, who directed the investor to draw down the maximum amount on all of the credit cards and to wire the funds to TRF or one of the Duncan Companies as an additional investment.
Coreclient and conned by crooks,
I have to admit I had the exact same reaction that Nostradamus had when i re-read the pdf. I didn't originally want to post, but since someone already has…I mean, we're not talking about you just taking say $5000, $10k, or even $100k, leaving it with a financial "advisor" and him/her cheat you out of the money you left that person. You folks let people take over every aspect of your financial life, essentially giving them like "power of attorney privileges" to do whatever the hell they wanted. This really befuddles me that #2 and #3 above in the pdf didn't set of any alarm bells?
Again, not pouring fuel over the fire, it's just that I dumbfounded that this was left wide open. I wish you good luck with your endeavors.
—– Sour grapes for everyone!
February 28, 2008 at 10:32 PM #162643CoronitaParticipantSubmitted by nostradamus on February 28, 2008 – 6:35pm.I looked at the complaint. Oh my goodness.
(1) commit to a three year investment; (2) turn over all of their financial affairs to PWM; and (3) ask no questions of PWM management regarding the use of their funds or credit.During the summer of 2006, PWM began applying for credit cards and opening new lines of credit in the names of individual investors. Investors Were then contacted by a PWM representative, who directed the investor to draw down the maximum amount on all of the credit cards and to wire the funds to TRF or one of the Duncan Companies as an additional investment.
Coreclient and conned by crooks,
I have to admit I had the exact same reaction that Nostradamus had when i re-read the pdf. I didn't originally want to post, but since someone already has…I mean, we're not talking about you just taking say $5000, $10k, or even $100k, leaving it with a financial "advisor" and him/her cheat you out of the money you left that person. You folks let people take over every aspect of your financial life, essentially giving them like "power of attorney privileges" to do whatever the hell they wanted. This really befuddles me that #2 and #3 above in the pdf didn't set of any alarm bells?
Again, not pouring fuel over the fire, it's just that I dumbfounded that this was left wide open. I wish you good luck with your endeavors.
—– Sour grapes for everyone!
February 28, 2008 at 10:32 PM #162658CoronitaParticipantSubmitted by nostradamus on February 28, 2008 – 6:35pm.I looked at the complaint. Oh my goodness.
(1) commit to a three year investment; (2) turn over all of their financial affairs to PWM; and (3) ask no questions of PWM management regarding the use of their funds or credit.During the summer of 2006, PWM began applying for credit cards and opening new lines of credit in the names of individual investors. Investors Were then contacted by a PWM representative, who directed the investor to draw down the maximum amount on all of the credit cards and to wire the funds to TRF or one of the Duncan Companies as an additional investment.
Coreclient and conned by crooks,
I have to admit I had the exact same reaction that Nostradamus had when i re-read the pdf. I didn't originally want to post, but since someone already has…I mean, we're not talking about you just taking say $5000, $10k, or even $100k, leaving it with a financial "advisor" and him/her cheat you out of the money you left that person. You folks let people take over every aspect of your financial life, essentially giving them like "power of attorney privileges" to do whatever the hell they wanted. This really befuddles me that #2 and #3 above in the pdf didn't set of any alarm bells?
Again, not pouring fuel over the fire, it's just that I dumbfounded that this was left wide open. I wish you good luck with your endeavors.
—– Sour grapes for everyone!
February 28, 2008 at 10:32 PM #162675CoronitaParticipantSubmitted by nostradamus on February 28, 2008 – 6:35pm.I looked at the complaint. Oh my goodness.
(1) commit to a three year investment; (2) turn over all of their financial affairs to PWM; and (3) ask no questions of PWM management regarding the use of their funds or credit.During the summer of 2006, PWM began applying for credit cards and opening new lines of credit in the names of individual investors. Investors Were then contacted by a PWM representative, who directed the investor to draw down the maximum amount on all of the credit cards and to wire the funds to TRF or one of the Duncan Companies as an additional investment.
Coreclient and conned by crooks,
I have to admit I had the exact same reaction that Nostradamus had when i re-read the pdf. I didn't originally want to post, but since someone already has…I mean, we're not talking about you just taking say $5000, $10k, or even $100k, leaving it with a financial "advisor" and him/her cheat you out of the money you left that person. You folks let people take over every aspect of your financial life, essentially giving them like "power of attorney privileges" to do whatever the hell they wanted. This really befuddles me that #2 and #3 above in the pdf didn't set of any alarm bells?
Again, not pouring fuel over the fire, it's just that I dumbfounded that this was left wide open. I wish you good luck with your endeavors.
—– Sour grapes for everyone!
February 28, 2008 at 10:32 PM #162746CoronitaParticipantSubmitted by nostradamus on February 28, 2008 – 6:35pm.I looked at the complaint. Oh my goodness.
(1) commit to a three year investment; (2) turn over all of their financial affairs to PWM; and (3) ask no questions of PWM management regarding the use of their funds or credit.During the summer of 2006, PWM began applying for credit cards and opening new lines of credit in the names of individual investors. Investors Were then contacted by a PWM representative, who directed the investor to draw down the maximum amount on all of the credit cards and to wire the funds to TRF or one of the Duncan Companies as an additional investment.
Coreclient and conned by crooks,
I have to admit I had the exact same reaction that Nostradamus had when i re-read the pdf. I didn't originally want to post, but since someone already has…I mean, we're not talking about you just taking say $5000, $10k, or even $100k, leaving it with a financial "advisor" and him/her cheat you out of the money you left that person. You folks let people take over every aspect of your financial life, essentially giving them like "power of attorney privileges" to do whatever the hell they wanted. This really befuddles me that #2 and #3 above in the pdf didn't set of any alarm bells?
Again, not pouring fuel over the fire, it's just that I dumbfounded that this was left wide open. I wish you good luck with your endeavors.
—– Sour grapes for everyone!
February 28, 2008 at 10:51 PM #162387davelj
Participantpatientlywaiting,
Good find on those websites. I’m too computer illiterate to know that they share the same address.
The more you dig on this guy and his company, the more it looks like a big ole pile of Prime Grade A Bullshit.
Of course, I didn’t complete executive studies at Harvard or Oxford, so maybe I’m just a little confused with it all…
Bwhahahahaha…
February 28, 2008 at 10:51 PM #162682Participantpatientlywaiting,
Good find on those websites. I’m too computer illiterate to know that they share the same address.
The more you dig on this guy and his company, the more it looks like a big ole pile of Prime Grade A Bullshit.
Of course, I didn’t complete executive studies at Harvard or Oxford, so maybe I’m just a little confused with it all…
Bwhahahahaha…
February 28, 2008 at 10:51 PM #162699Participantpatientlywaiting,
Good find on those websites. I’m too computer illiterate to know that they share the same address.
The more you dig on this guy and his company, the more it looks like a big ole pile of Prime Grade A Bullshit.
Of course, I didn’t complete executive studies at Harvard or Oxford, so maybe I’m just a little confused with it all…
Bwhahahahaha…
February 28, 2008 at 10:51 PM #162715Participantpatientlywaiting,
Good find on those websites. I’m too computer illiterate to know that they share the same address.
The more you dig on this guy and his company, the more it looks like a big ole pile of Prime Grade A Bullshit.
Of course, I didn’t complete executive studies at Harvard or Oxford, so maybe I’m just a little confused with it all…
Bwhahahahaha…
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