2 Feb

abc Assignment for benefit of creditors

Of late I have had three clients who have contracted with companies who claim they can settle the second trust deed on the clients home for pennies on the dollar. They clients must pay the agreed amount up front and to the scamming company. As an example this client paid 40,000.00 to settle a 112,000.00. Eagerly my client paid from a loan from relatives. Eight months later still no settlement and when he asks for a refund the company says they are going through an audit and right after the audit he will get a refund. Double talk if you ask me and the company will be using some other “clients’ money if they ever pay back. We sued the and took their default they promised a full refund by Dec. 15, 2011 no refund yet I believe this is a Ponzzi scheme cooked up by some Broker. Advise: when…

View original post 50 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: