Anyone know Steeve Raymond with Selective Real Estate?

[Derek Robinson]

Hello all!  Does anyone know Steeve Raymond.  His company is Selective Real Estate and he does construction and flipping.  He works mostly in Chicago, Illinois.  

[Daniel Desrosiers]

Quote from @Daniel Desrosiers:

Quote from @Ana Mcnamara:

I am an attorney in Chicago and have a 2025 lawsuit against him for a client for breach of contract and fraud. There are several lawsuits that have been filed against him. Steve Raymon a/k/a Steeve Raymond. I was online searching for a home address --seems to be difficult to find him.

Ana, he is Canadian. I am in a group of folks who have been caught up with him. Seems to be a Ponzi type situation.

UPDATE: After I commented above that Mr. Raymond's investment activity “seems to be a Ponzi-type situation” based on his own statements and the growing number of affected investors, I received the following legal threat.

Below is my formal response.

Transparency matters — especially when investors are allegedly owed tens of thousands of dollars and being silenced with NDAs.

Email Screenshot from Steeeve

Dear Mr. Raymond,

I am writing in response to your June 17, 2025 email, in which you allege that a comment I made on the BiggerPockets forum is defamatory and demand its retraction under threat of legal action.

To clarify, my comment — that your business “seems to be a Ponzi type situation” — was a statement of opinion, protected under both U.S. and Canadian law, and based on publicly available information, personal experience, and, importantly, your own documented statements. As has been documented by multiple investors, you have made statements — via Zoom calls and in emails — indicating that you use incoming investor funds to make payments to earlier investors. That pattern of activity aligns squarely with the definition of a Ponzi scheme.

If you disagree with the characterization, you are free to provide clarification or supporting information. However, threatening legal action in response to constitutionally protected opinion based on disclosed facts only adds to the growing concern among the investor community about your conduct.

I am also aware that you have attempted to require certain investors to sign non-disclosure agreements (NDAs) in exchange for partial repayments or other settlement terms. Such attempts to silence individuals with legitimate financial grievances further erode public trust and raise serious ethical and legal questions.

Furthermore, your threat of a lawsuit appears to fall under the category of a Strategic Lawsuit Against Public Participation (SLAPP) — a tactic designed to intimidate individuals into silence rather than address the underlying facts. Anti-SLAPP statutes exist in many U.S. jurisdictions, including Illinois, and allow for the immediate dismissal of such suits along with the recovery of attorneys’ fees and costs by the defendant. Should you or your counsel choose to proceed in this direction, I am fully prepared to assert those rights and respond accordingly.

Finally, since your attorney was copied on your original message, I suggest that legal counsel focus their attention where it is most urgently required: on the dozens of investors who report being owed significant sums, many of whom are months past due and organizing for collective legal action.

I decline to retract my statement and reserve all legal rights available to me.

Sincerely,
Daniel Desrosiers