How can I sue and complain about a Real Estate Investment company that defrauded all my money? The owner of the company is NOT returning all of my invested money that is already due. I want this Realtor to be ban on DRE and his business be reported to a proper agency where they can investigate and ACT accordingly? How can I start and how I can get my investment money back?
2007-10-31 12:39:41 · 7 answers · asked by Renan Q 2 in Business & Finance ➔ Renting & Real Estate
The investment goes like this;
The RealEstate Investment Company has this programs of 18% Flat Interest Rate which is a 6-12 month term. We invest $60k last year of October which is already due since 1st week of October this year.
EXAMPLE: An investor invests $10K for a period of (12) months. These monies are in turn invested into real estate projects, purchased and managed by "Alleged Investment Company". In (12) months the principle of $10K & the (18%) interest of $1,800, TOTAL $11,800 is returned to the investors. (this is from his company website).
One year is already passed and until now we're not getting our invested money back. We exchange emails and asking for our money, but only promises and later on, no longer responsive either by phone or emails. There's alot more on that but the specifics are above. Whats the proper avenue of complains, get his license be known by DRE and his business be investigated for fraud, and get our investment money back.
2007-10-31 13:30:07 · update #1
Try the Board of Realtors in your state. Also the Better Business Bureau........ Realtors are state controlled.
2007-10-31 12:43:28 · answer #1 · answered by trop 4 · 0⤊ 0⤋
Get an Attorney and report them to the Better Business Beaurea. That would be a good start. Many Blessings Medium Darcy Dee
2007-10-31 12:46:28 · answer #2 · answered by Psychic Medium Dee 2 · 1⤊ 0⤋
Need more specifics as to what was the investment, how did they defraud, did you invest in a property that has gone down in value? Not enough information to give a fair and valued answer
2007-10-31 13:08:21 · answer #3 · answered by Pengy 7 · 0⤊ 1⤋
small claims court
federal trade commission
State Attorney General of your State, Fraud Division
Possibly the FBI, just don't know which division
the local television news
the newspaper
2007-10-31 13:11:14 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I don't know but if you find out I need to know too.!!!, when I bought my house, I was a single mother low income and I feel like this Realtor took advantage of my ignorance, because he knew I need it to move and me and my daughter were going to be homeless, and he pushed and pushed me till I bough that house!! now is falling apart and I have no money for nothing!! this house even have lead!! and hat was a year ago!! some one needs to do something!!
2007-10-31 12:45:57 · answer #5 · answered by carolinae09 4 · 1⤊ 2⤋
fraud is a crime and needs to be reported to the local police and/or attorney general. They'll advise you of next steps.
2007-10-31 12:51:36 · answer #6 · answered by Spock (rhp) 7 · 1⤊ 0⤋
This area of law is very difficult. Get yourself a lawyer who is expert in this field
Ian M
2007-10-31 12:45:27 · answer #7 · answered by Ian M 6 · 1⤊ 0⤋