Marshall Reddick Real Estate Network Sued for Fraudulent Home Sale Investment Enterprise

It seems every day more and more both real estate companies and mortgage bankers keep getting caught with there hand in the cookie jar from Ameriquest to a local lender here at home Doral Bank. It seems they just do not learn or think that will not happen to us.

In case anyone is wondering…

Other defendants named in the lawsuit are Reddick individually, Christopher Minter, National City Mortgage of Ohio and the following individuals and businesses based in Florida: Mary Ellen Brennan (RE/Max Realty Select), Johnathan Shirey, SB of Naples, Inc., Wilfred Arthur Morin, William Dacey III, Atlantic Contractors & Development Corp., Jack Tralongo, Sr., Jack Tralongo, Jr., Timothy M. Murphy and Market Street Mortgage Corporation.

People and companies related to the real estate industry getting caught with their hands in the cookie jar is something that’s not just confined to the US, here in Europe there are plenty of similiar scandals being unveiled. None of them however of the scale of this MRREN (80,000 members, half of which have invested WOW). Just shows you what can appear to be whiter than white is often a darkish cream on close inspection!

I found your website that captures my interest while searching the internet for particular keywords related to real estates. This is a very informative blog of yours. Keep up the good work. You may also check Real Estate Investments and TIC Investments if it interest you for additional information’s. Thank You…

This real estate transaction can too easily happen when someone does not follow a plan when they invest in real estate by being a private lender. Private lenders should not give very much if any cash out before the selling is completed. And every dollar that must be spent on building materials and labor should be disbursed only with receipts and evidence that the work has been done. Just reading our newsletter would have given them a better understanding of how to lower their risks.

well, I found your website that captures my interest while searching the internet for particular keywords related to real estates. This is a very informative blog of yours. Keep up the good work. i can only hope that my business forums become as popular as yours. http://www.businessforums.co.nz

Does anyone have this document? I.E. the Reddick Complaint?

I had some colleagues attend a Marshal Riddick seminar a few months ago. They came away from it ready to plop money down that day on any property that came along. Fortunately, they did not pull the trigger.

-4MySales

A RICO charge is an interesting tactic. The act usually applies to extortion, blackmail, witness intimidation, retaliation against whistleblowers, and other MO’s of organized crime. It’s very rarely used in fraud cases. If it sticks, though, it’ll mean a MUCH stiffer penalty.

Marshall Reddick finally was sued. He should have been investigated and criminal charges filed as he has been SCREWING people with his lies and misrepresentations for YEARS. Google his name and read about it. It’s about bleeping time this bottom feeder is revealed for the scam artist he is. He’s very slick he uses his Jesus Love Me schstick to make people believe he must be ok if he’s religious. Yeah right. He pay in hell for what he’s done to some many people.

hehe… I had #2 ranking on Google for “marshall reddick” for my real estate discussion website that contained the word “marshall reddick” in the domain name. I had this domain registered before he trademarked his name. Guess what happened? Yep, he shut me down.

Marshall Reddick is by no means alone in his abuse of real estate investors. The one that suckered me in was the Robert Allen - Enlightened Wealth Institute, aka “The Gang of Thieves”.

I, unfortunately, got suckered in my Marshall Reddick and lost $30,000 of my hard-earned money. Marshall Reddick is allowed to present his seminars at the community college where I taught; based on the fact that they let him in, I trusted him. After a year of attending seminars, I bought a home in Pasco, Washington. EVERYTHING about it was a scam — from the real estate broker to the lender to the property manager, all referred by Marshall Reddick as part of his “team.” I got the State of Washington involved and the found so many problems with the property manager that the license was revoked. Without notifying me, they put a Section 8 person with a reputation for destroying property and not paying her rent in my BRAND NEW HOME. She and her FOUR CHILDREN and her live-in boyfriend and his daughter TRASHED the house — $5,000 in damages!! And Section 8 took NO RESPONSIBILITY for the damages to the property, the unpaid rent, and the unpaid utilities (which the City of Pasco required ME to pay). I finally sold the property at a loss.

Marshall Reddick misleads people, hides behind some bogus spirituality, and has led countless lambs to the slaughter. He would sell anything to anybody to make a buck, and pretend that he is looking out for his clients. He was my PERSONAL mentor, I did everything he said to do, and now I am bankrupt, and he is rich. It takes a while to see his true colors, so BEWARE!!! I am glad someone is going after him. I would, but I don’t have any money left!!!!

All I want to say is that Marshall is not rich. He followed his own advice, and ownss 400+ leverage properties, and his own company has suffered from his idiocy. You members are not alone — he’s going down with you.

LET NOT YEE CAST THE FIRST STONE WITHOUT LOOKING AT YOUR OWN
SELVES…
I STARTED WITH MARSHALL IN 1999…CURRENTLY I OWN OVER $3.5M IN REAL ESTATE.
I’VE DONE SEVERAL RE-FIANCES…FOLLOWING HIS ADVICE…I’M NOT HAVING ANY PROBLEMS…
THOSE ABOVE TALK LIKE FEAR ADDICTS…EVERYTHING IN LIFE IS A RISK…DIDN’T YOUR MOTHER TELL YOU…CRY BABIES…
MARSHALL IS A GREAT PERSON…HE HELPED ME TO ATTAIN FINANCIAL FREEDOM…FOR FREE..I HAD TO WORK HARD TO ACHIEVE THIS…

I have read through these emails. I myself have purchased several properties through Marshall’s Network. You need to do your diligence and watch out for yourself. I have done well with most of my MRREN investments, but have had a problem or two. It is not a perfect system. Remember that it is your money and you are in charge of it. Marshall and his seiminars have helped me acquire more than 4 million in properties. I have others that I work with as well. No one system is foolproof. Look into any investment carefully!! I wish you all success!!!

I worked directly with this organization. The senior leadership is weak, and everyone is cutting side deals to separate you from your money. You overpay for all your purchases, and the management companies have not been checked out. This organization has perpetuated a long-standing scam….and much of it in the name of God. Marshall should be arrested, and soon, will be shut down by the Board of Realtors, and by the Calif attorney general’s office.

Looking for Resi. Real Estate investors who would like to reduce taxes,create cash flow and document their assets on their R.E. properties by using an un-utilized tax strategy. As a resi. real estate investor-I understand that my financial destiny is my choice thru my diligence with education-education-education. Empower yourself as to blame no-one ,but yourself for our choices in Family, Business and Life in general. If we choose to listen to some one without our own diligence then that was your choice and you have gone from investor- surpassing speculator and straight to” GAMBLER ” May you all have a blessed and
” Merry Christmas “

I ALSO MADE BIG MONEY INVESTING IN THE PROGRAM. SOME PEOPLE JUST THINK THEY ARE GOING TO BE RICH IF THEY BUY ONE PROPERTY.

MOST LIKELY IF YOU DID NOT SUCEED IT WAS YOUR FAULT NOT MARSHALL REDDICKS.

YOU NEED TO BE SMART AND INVEST WISELY, NOT JUST BUY THE FIRST PROPERTY THAT COMES ALONG.

NEXT TIME DO THE MATH, IF IT DOESNT CASH FLOW OR IF YOU CANT COVER THE NEGATIVE, THEN DONT BUY IT.

NOBODY HELD YOUR ARM BEHIND YOUR BACK AND TOLD YOU TO BUY SOMETHING.

QUIT SNIVELING A BE A MAN ABOUT IT!

DON’T believe the positive Reddick posts. The people who work with Reddick post positive comments all the time on other websites. Notice the same poor grammer and all capital letters! Same person, different name.

Just be careful and diligent when investing anything. There is no such thing as “arm chair” investing. You can surely lose an arm and chair without proper channels of investigation.

Google Marshall Reddick for other comments about him. Mostly negative.

I think people are jealous of the rich real estate investors.

Dont believe the negative Reddick posts, think for yourself and dont subscribe to this negative name bashing. These are people who did not listen and invest wisely.

They are blaming someone else for their own poor judgement.

8/10 millionaires surveyed found their wealth in Real Estate.

You can part of the 80% and use Real Estate to earn your millions or listen to the people above and be poor the rest of your life.

Its up to you…dont listen to negativity.

Go out and think for yourself!!!

Marshall and Jesus want you to reach financial freedom with armchair investing in real estate deals in states far away. You can learn from the master himself at his “prayer” seminar.

Sorry, but I smelled a rat immediately. Like Harold says above, it’s about your own due dilegence, hard work, research, and some risk too.

I agree with Thomas. There are thousands of posts just like this for Etrade, Jpmorgan, Merill Lynch, etc.

Companies will rarely return the service that they hope or the returns that they hope because everything is variable. Nothing is under complete control, especially the markets.

You’ve got to use investment companies as tools in your financial portfolio

Let me ask you this… If the markets went up in value.. .would you still be complaining?

When the markets go down– everyone complains.. you should search youtube and watch the video from kings of queens when he invests in the stock market. It’s hilarious

Educate yourself in every aspect of an investment. Never take someone’s word as Gold, even if they are an expert. If they were making bags of money why would they be telling you…..or selling the information….they’d be out there doing it at that very time. The reason may be cause the profits have decreased due to all the competition, they are tired of chasing the money, or because they’re trying to make $$$$ selling the loaded information.

Always take the middlemen out of the equation to get the most return. Stockbrokers, mortgage folks, and other middlemen eat away at the return in every industry, even if its only a nibble. So when there’s a loss…. the nibbles make it that much worse.

The closer you get to 0% of something’s cost, the more profit. But be realistic about it. My best returns were when I sold/rent properties just under market. Why sit on something for 2,3, 6,12, or 18 months, when you can sell it for 90-95% of its deemed value in 1-4 wks. The more the discount the better the demand and the better the pickens(if renting you get to choose the golden egg “best” of the crowd).

Everyone should decide their sell or lose limit on every investment….whether that be the stockmarket, real estate market, or whatever.

Right now with a recession looming…… the real estate market is a good place to sniff for bargains. Stocks are down compared to last year, so there are bargains there too. Buy low sell high. But be aware of your investments, high and low sell points, and remember to decide if taking the next jump is worth the cost (esp if you use some hard earned savings or if you’re going into debt to get a profit).

Remember in gambling, the house always wins ……… the house being the mortgage companies, stock brokers, and other legally allowed middlemen. The rest of us have to decide what we can “gamble with” for entertainment until we hit the “big one”.

We are looking for people from the Marshall Reddick tour that purchased condo units at the Playa Del Paraiso condominium project in San Felipe, Mexico. The project has been shut down since November of 2007 with only about 15%+/- completed. It is our understanding that more than 40 or 50 Marshall Reddick investors purchased units here from the 208 unit project being built by Inversiones Soblar S. A. DE C. V. and Laura Ballegeer. We are starting a Class Action suit against the sellers. From reading through the posts herein the Playa Del Paraiso project is a typical Marshall Reddick project with using an inexperienced contractor/developer Inversiones Soblar which had never built a project, then most of the money apparently going to administrative and realtor cost to get the money out of the project, but leave the project floundering and unit buyers without any recourse.

I don’t know about Marshall Reddick, but I DO know about Atlantic Contractors and Development Corp. and Tralongo and his son and son-in-law. They are listed as the other defendants in the case. This man claims to be a Christian, but he’s not exhibiting Christian traits. Around town and our church I’ve heard he’s taken advantage of and money from others as well. It’s a shame that people who you think are your friends will promise you something and then screw you over for money later when you’re not looking.

Marshall Reddick is a scam artist. It was quite obvious that once the market turned, his “academically credentialled” bad advice to people would come to light. He was advising people to buy in certain areas that were peaking to anyone familiar with economics. He was a lawsuit waiting to happen. As one of the other posters mentioned, when he started to use religion to sway people, all the red flags should have gone up. He would liberally flash his professorship in peoples faces in order to persuade them that whatever he recommended was gospel. Why else do you think that so many people would drop their guards, and buy property sight unseen by the dozen. BTW, to any pro Reddick posters out there, I have never bought any property from Marshall Reddick. These are my observations from attending his meetings a few times.

I am one of the unlucky ones that got sucker into the Playa Del Paraiso project in San Felipe involving Marshall Reddick.
Please contact me how I can get involved in this lawsuit. I was using a Mexicali Lawyer but got no where. karen_mcdnl@yahoo.com

Hello to ALL,

If you are like so many others and got screwed by Marshall Reddick and his scams then please let me know. I am already suing Reddick along with several other people for our problems in Florida. We also are looking to start a lwasuit against Reddick, Tom Casault and Brewer Caldwell in Arizona. So if anyone has had problems or felt they were taken advantage of then please contact me ASAP!!

Thanks,

George Kredel
818-294-0160

I saw the two earlier comments about Playa Del Paraiso in San Felipe involving Marshall Reddick and was wondering if this is the same or related project to another in San Felipe that was being offered through Marshall Reddick — but in this case the developer is CIMA. I am trying to locate any other innocent investors who put money down on Baja Golden Beach resort or the San Felipe development — the developer is CIMA in both cases and I believe they partnered with Marshall Reddick exclusively. Most investors have had ~$70K+ tied up in deposits on these Baja condos since 2006, there’s no signs that they’ll ever break ground on the project, and the developer and Marshall Reddick have been giving concerned investors the runaround or have simply been refusing to return calls.

We have already done an initial investigation with a lawyer and are now looking to bring as many people together to bring a case against them, stop this scam, and recover our investments. Please spread the word to anyone you know who may have invested in these projects, and call me if you want to join this effort (858-442-0299).

Thanks!

Hey George K. I also feel I got burned, but who’s to say it’s not b-cuz I’m a nitwit. I did just hand the responsibility off to others.
I AM floundering now due to my Florida property, but I do feel it is my responsibility because I’m the one who went through with it. I think if a court or a judge heard my story they would think I’m a dummy! For now I’m gonna roll with the punches, but I WAS very displeased with the whole experience with the Marshall Reddick Network and all the affiliates involved.
Good fortune to you and the folks posting and investing!!!!

I have purchased 11 properties from Marshall since 2004. Some good, some OK and some that are bad investments. I’m on the fence as far as blame goes. Yes, I have to take responsibilities for my own actions but there is an element of misleading and non-disclosure by Marshall and his affiliates. For novice investors there is little talk about having appropriate back-up monies and large increase in taxes on new homes within a year’s time. The buying frenzy that the Reddick gang pushes on new investors to either pull equity from their home and do whatever they can to purchase more by doing 5% down ARMS or Option ARMS is uncalled for.
There are a lot of his investors in hot water now, but just try to get some real help from this organization. There interest is obviously focused on creating more and more sales.

I also lost money with my Reddick investments, and I lost on other investments with other groups like Green Light out of Arizona.

I notice a common theme here, investment groups like Reddick and Green Light cater to lower income, working and middle class people. None of the people attending their buying events come from money or old money backgrounds.

I see no postings from the Vanderbilts, Gettys, Huningtons, DuPonts, Rockefellers, etc, complaining about being ripped off. People growing up in those families learn how to make their money work for them from an early age.

So Reddick and groups like him cater to the common person’s desire to become a millionaire, and they hold Millionaire Summits for those people (There is another one coming up June 21 with Adam Sachs speaking. Beware he is a simple minded scam artist!)

To get rich you either need to be very bright like Bill Gates and others who made it in high tech or like most of us average folks you need to work hard and be smart. No one will hand you financial success you have to earn it as did the others mentioned above.

Reddick, Sachs and the other gurus make it sound easy. But talk to real millionaires and billionaires and you get a different story.

Money can be made in a lot of different ways, one venue is real estate, but don’t let these low life types like Reddick, Sachs, James Smith etc, fool you. Most of their money is made through seminar fees, commissions, referral fees etc, off of people like us.

Why would they need to run seminars and get commissions if their investments were doing well? The Gettys and Vanderbilts aren’t holding any seminars on how to get rich.

You will get rich when you use your God given talents, work hard, add value to society and do something you enjoy and are good at.
Real estate is a good avenue to wealth and there are others. Just don’t let these scoundrels get in your way. Tell your friends to avoid them, and don’t make the same mistake twice.

Having been on the inside I can tell you that Reddick and his team are scam artists. Needless to say I am no longer with them. They are desperate for money as the resdiential transactions have withered and they will sell anything to anyone who will buy.

I cannot say too much about me as they have threatened to sue me if I tell my story but suffice it to say that I am highly educated with advanced degrees in real estate, financing, commercial real estate and more. Take my advice RUN! Please spread the word aso nobody else gets burned.

If you doubt my story Google him and read the thousands (not a few but thousands) of complaints from people who got screwed. Read about the many dozens of lawsuits from companies, not just individuals. Do yourself a favor and just find someone else from which to become educated and from which to buy property.

FROM MY PRESCTIVE, STAY AWAY FROM MR, YOU DO NOT NEED HYPE, MISREPRESNTATIONS TO LOOSE YOUR HARD EARNED MONEY TO FILL HIS POCKET WITH HEAVILY COMMIISSIONED ORGANIZATION. IT IS AN INVESTMENT SLAUGHTER NETWORK. FROM HIS FORMER STAFF, I LEARNED HE IS LOOSING CLOSE TO 100 OF HIS OWN PROPERTIES, HOW CAN HE HELP YOU MAKE MONEY.
As you may know that MR and his organization is under lawsuits and Internet search gives you more proof of this Network activities from hurt investors.
I have bought 3 properties from MR within 3 years, and have dealt with many of his staff and few investors. In my opinion, stay away from this Fraudulent organization. In fact it in not a business and not structured to help you after they have made hefty commissions on troubled properties, troubled contractors with perhaps Bonuses in addition to hefty commission after the sale. High prices and worst managements.
I have bought in Memphis on misrepresentation in the highest crime area in the Nation per census records when I checked in January 2008. Vandalism, drug dealers on the same street, you name it. The agents Ryan Tucker at Enterprise Realty not once mentioned that it is the highest crime area in Nation and loosing population. I visited the property and manager came with a gun strapped. I had vandalism, repairs vacancies, and at the time of this writing on 25th of the month, tenant has not paid rent and no “3 DAYS NOTICE” to tenant yet. So you know what kind of mess I am into. Marshall Reddick got several emails and calls from me on this and other two misrepresented properties, but no return calls.
Savannah brand new property was sold $9000 over the market through Misrepresentation by Chris Bowes of Seashore Real Estate in Bluffton, SC, brining in even Cash Flow and having tenants lined up to rent at the inflated rent, so I closed the escrow on those misrepresentations. The property could not be rented for 4 months. I had to intervene and advertise myself and it rented at market rent $-300 below the cash flow numbers.
Atlanta property sold through Premiere South Realty (Todd Mulkey) not even in MLS belonging to an attorney was sold with 4 bedrooms - well, the 4th bedroom is above garage and slanted roof. 2nd Loan of $34000 was changed at the nick of time to 11.25% with a promise of refinance at the mortgage broker’s absorbing closing costs for the mistake - well that was a promise which did not last, I was asked who I was? Lease ended in two months and I learned the market rent was “-$100” and property could not be rented for over 4 months just after 2 months of my purchase.
MR, in way past, may have good intentions of teaching Real Estate, but, in my opinion, his organization is corrupt and do not care about prices and deal with troubled contractors and homes no local investors want to buy. Right in their class rooms they entice for you to buy, from the first day you attend. In this Internet age, why any one needs MR, I saved thousands, got good management on 6 other properties myself. I am doing well on these except the 3 I purchased from the network. Make sure you visit the property, area, before making offer – AN ABSOLUTE MUST.

I went to his seminar about 10 years ago at OC. I smelled trouble even then as he was teaching the class how he improved the look of his first few investments. The improvement he made are all cosmetic about buying secound hand junks and hanging them on walls.

I attended a recent “Millionaire Summit” sponsored by Marshall Reddick Seminars. It was mostly a lot of hype and not much information about the actual investment opportunities.
I left the Summit with a bad taste in my mouth. Some of the speakers, Ryan Harris and Adam Sachs did not seem to have much depth and seem to appeal more to uneducated and inexperienced investors.
I didn’t purchase any of the properties offered, but did an internet search when I returned home. I am amazed to see the hundreds of complaints about Marshall Reddick Seminars, Green Light Real Estate and the other developers and brokers Marshall works with.
Trust your hunch like I did. If it doesn’t feel right, it probably isn’t. There are a lot of good groups out there, so there is no need to get involve with the bad ones.

It is interesting that these “Millionaire Seminars” are springing up right now with the down economy. But few millionaires attend these events, mostly broke people hoping to get rich quick.

I lost money on my investments with Reddick seminars, Greenlight Real Estate and North American Land Development Company. Then I changed my strategy.

I started conducting more due diligence and joined up with experienced investors, brokers, developers and investment groups (not easy to find) Now I am on more solid ground and know what I am doing. Now I am positioned to create wealth.

Unfortunately, I think the majority of investors following groups like Reddick, Greenlight, etc, don’t really think for themselves but just go along with what they hear.

Investment groups like Green Light, Reddick etc, are almost like cults attracting people who blindly following the leader be it Marshall Reddick, Adam Sachs or whoever.

Scam artists like Marshall and the others will always have a following, because so many new investors want to follow someone and be handheld along.

I once posed the MR organization a question on whether a bubble would ever materialize. His answer was “No” because he had a Phd in economics. He also mentioned that real estate was a safer investment than the stock market.

Little did he know that the source of money all originated from Wall Street and that money is now becoming scarcer. In case you haven’t noticed, the banks have tightened lending practices tremendously. For every $1 loaned out, the bank used to keep $.10 in reserve. That amount just got raised to $.18 or an increase of 80%.

What does this all mean? Banks are not going to lend out as much.

To Jimbo

YOu got the nerve to talk about people’s poor writing, you can’t even spell the word “grammar.”

Stay away from Marshall Reddick! I purchased 4 homes from the network. 1 is breaking even the other 3 are killing me. When I call MR for help they give you the run around. Marshall is going to get his in the end.