BiggerPockets Helps “Victims” of Real Estate Scandals
Author: Joshua Dorkin • URL: http://www.biggerpockets.com/October 12th, 2006 •
BiggerPockets is proud that we’ve been able to provide a forum for possible “victims” of what some claim to be a massive real estate fraud. For the past few months tens of thousands of current and possible investors have flocked to BiggerPockets Forums to exchange information and help one another stay abreast of fast moving developments involving Pinnacle Development Partners, LLC. In addition, ex-employees and officials have also participated in the discussion, keeping interested parties in the loop. The U.S. Securities and Exchange Comission (SEC) yesterday filed fraud charges against Pinnacle and its founder, Gene O’Neal, claiming that it operated a ponzi scheme.
In the next few weeks, BiggerPockets wil be announcing an exciting new forum, where anyone dealing with real estate will be able to help one another avoid the very real dangers of fraudulent real estate and mortgage schemes.
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Tags: biggerpockets, development, estate, forums, fraud, investigation, partners, pinnacle, ponzi, real, scam, SEC
Joshua Dorkin
Charles Feldman
Ted Karsch.
Troy Schuricht
Richard Warren
Jim Watkins
I can’t believe how many people are on here as a result of this whole thing. It’s awesome to see how fast people are flocking to this site and how relieved they are to have a place to vent.
I hate how companies like this give a bad name to real estate. But, the only way to fight back is to provide legit services that produce results.
Sounds like a great plan. real estate professionals need to go that extra mile to educate and protect consumers.
i had my name signature and initials forged 71 times,my elderly dads 2 times…i hired an attorney/handwritting expert..we subpoenaed the originals to prove forgery- they said they didnt have them! my 3rd attorney did nothing..i wanted to go to trial,but now he flaked out after over 18 months and im devastated and disgusted..45k fighting for justice and got ripped off more…..if you got some ideas please call..909 556 7730..i refuse to trust another attorney and spend more $, but dont want to give up for some justice for myself, my dad ( they did a fraudulant loan on his sale) and they did alot more too!