MURRIETA — One of several men accused of running a vast mortgage scam has allegedly begun to launder money through his wife’s clothing boutique and may be preparing to flee the country, according to a lawsuit brought Tuesday by a fresh pair of aggrieved investors.
The suit, filed in Riverside County Superior Court on behalf of San Diego County residents Brian Hendley and James Kabellis, is the sixth in a series of suits that accuse Murrieta resident James Duncan of fraud on the order of tens of millions of dollars. …
Families stood shoulder to shoulder at a busy Temecula intersection Saturday to warn passersby that they are facing financial ruin because of an ongoing investment mortgage scheme and to call for authorities to shut down and arrest the culprits.
“We want them put out of business,” said Mory Simmons, a 63-year-old insurance agent from San Diego. Simmons, like most of the approximately 40 people at the rally, said they have homes in foreclosure because investment counselors persuaded them to take on far more mortgage debt than they can afford to pay.
one of the people at the “rally” bought EIGHT houses as an “investment”…. had $40,000 in mortage costs MONTHLY….on a nurse and medical tech salary… give me a break.
i maybe can see how someone would invest with a company and not realize it was a scam – but how do you get conned into believing YOU can AFFORD EIGHT houses…and not think that something is horribly wrong??
was the investment company buying the houses? I am under the impression these “Investors” were told to BUY the houses themselves… so they had EIGHT houses under their names, under their credit, etc…only way you can do that is via fraud… on that income level…
one of the people at the “rally” bought EIGHT houses as an “investment”…. had $40,000 in mortage costs MONTHLY….on a nurse and medical tech salary… give me a break.
i maybe can see how someone would invest with a company and not realize it was a scam – but how do you get conned into believing YOU can AFFORD EIGHT houses…and not think that something is horribly wrong??
was the investment company buying the houses? I am under the impression these “Investors” were told to BUY the houses themselves… so they had EIGHT houses under their names, under their credit, etc…only way you can do that is via fraud… on that income level…
These folks are fighting back. Good for them I hope they stick it to the fraudsters. The fraudsters need to go to jail for a long time. http://www.coreclient.110mb.com
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