Fraud Lender, Fake Appraisal Scam

[Camlie R Bella]

WARNING, ALERT!

FAKE LENDER: MILLENNIUM GLOBAL PARTNERS, DERRICK FRIEDRICKSON aka JOE GONZALALES. 

FAKE LENDERS, FRAUD LENDERS, HARD MONEY LOAN SCAM, HARD MONEY LOAN PRIVATE INVESTOR SCAM, APPRAISAL FEE SCAM. 

JASON DUFFY and NICK GEORGE, THEY RUN THE APPRISAL SCAM WITH THE FAKE LENDER.

LENDER HAS A FAKE OFFICE ADDRESS, IRVINE CALIFORNIA. THIS IS JUST A RENTAL ADDRESS. FBI TRAVELED TO THE OFFICE ADDRESS. THEY TALKED TO THE LADY AT THE DESK. SHE STATED NO OFFICE STAFF WITH THIS COMPANY OR LENDER. FLOOR 300 AND FLOOR 900, NO BUSINESS IS THERE, JUST USED AS A DAILY WORKSPACE, NO one ever comes in from this company.

DO YOUR BACKGROUND ON THIS COMPANY. I HAVE. THEY ARE RUNNING A SCAM. The scam works like this.

You, the the loan broker or client, they will tell you to send them the property address, how much of a loan you are looking for.

Then they will send you back a Term Sheet. You sign the Term Sheet, and return it.

Then they will send you a letter with the HIGH COST of an appraisal, in the THOUSANDS.

You pay the fee. Then the appraisal is ordered. Someone might or will call and do a shot gun appraisal. They will never go inside the property. A hack job.

The appraisal company is called Selene Appraisal. They list several addresses all over the United States. I checked the addresses out, all are empty store fronts. And they have no license in any of the states or at the addresses given. It's a scam.

After you pay, who ever receives the money, will split the money received with the fake lender. THIS IS THE SCAM!

The fake lender will never approve a loan, the appraiser will delay the reports, the fake lender will make so many promises, so many excuses about the delays. The it's under review BS story.

This scam is producing at least $100,000 a month, It's going on nation wide.

Stay away from this scam. You will NOT get a loan, you will be scammed!

There is NO lender, NO private investors, it's all FRAUD!

Google them, they have a few fake reviews, look at the dates. Their LLC filing is very new in California. But they are telling everyone they have been a lender for years. The appraisal office said they have been using this guy for over 2 years. But was under another name.

Google all the phone numbers, nothing comes up. Run a deep search, nothing. Run ChartGPT, it pulls nothing.

I have notified and filed a report with the FBI

I have filed a full report with the California States Attorney General Office.

I was told they have an open investigation into these people already.

[Jay Hinrichs]

Quote from @Erik Estrada:

Quote from @Camlie R Bella:

WARNING, ALERT!

FAKE LENDER: MILLENNIUM GLOBAL PARTNERS, DERRICK FRIEDRICKSON aka JOE GONZALALES. 

FAKE LENDERS, FRAUD LENDERS, HARD MONEY LOAN SCAM, HARD MONEY LOAN PRIVATE INVESTOR SCAM, APPRAISAL FEE SCAM. 

JASON DUFFY and NICK GEORGE, THEY RUN THE APPRISAL SCAM WITH THE FAKE LENDER.

LENDER HAS A FAKE OFFICE ADDRESS, IRVINE CALIFORNIA. THIS IS JUST A RENTAL ADDRESS. FBI TRAVELED TO THE OFFICE ADDRESS. THEY TALKED TO THE LADY AT THE DESK. SHE STATED NO OFFICE STAFF WITH THIS COMPANY OR LENDER. FLOOR 300 AND FLOOR 900, NO BUSINESS IS THERE, JUST USED AS A DAILY WORKSPACE, NO one ever comes in from this company.

DO YOUR BACKGROUND ON THIS COMPANY. I HAVE. THEY ARE RUNNING A SCAM. The scam works like this.

You, the the loan broker or client, they will tell you to send them the property address, how much of a loan you are looking for.

Then they will send you back a Term Sheet. You sign the Term Sheet, and return it.

Then they will send you a letter with the HIGH COST of an appraisal, in the THOUSANDS.

You pay the fee. Then the appraisal is ordered. Someone might or will call and do a shot gun appraisal. They will never go inside the property. A hack job.

The appraisal company is called Selene Appraisal. They list several addresses all over the United States. I checked the addresses out, all are empty store fronts. And they have no license in any of the states or at the addresses given. It's a scam.

After you pay, who ever receives the money, will split the money received with the fake lender. THIS IS THE SCAM!

The fake lender will never approve a loan, the appraiser will delay the reports, the fake lender will make so many promises, so many excuses about the delays. The it's under review BS story.

This scam is producing at least $100,000 a month, It's going on nation wide.

Stay away from this scam. You will NOT get a loan, you will be scammed!

There is NO lender, NO private investors, it's all FRAUD!

Google them, they have a few fake reviews, look at the dates. Their LLC filing is very new in California. But they are telling everyone they have been a lender for years. The appraisal office said they have been using this guy for over 2 years. But was under another name.

Google all the phone numbers, nothing comes up. Run a deep search, nothing. Run ChartGPT, it pulls nothing.

I have notified and filed a report with the FBI

I have filed a full report with the California States Attorney General Office.

I was told they have an open investigation into these people already.

 This could have been prevented by looking for an NMLS license. Although some private lenders are not required to have one, you should ALWAYS work with one that does have an active NMLS license. They have to follow stricter requirements and there is more recourse, even in a business purpose loan. 

Kiavi, Lime One, etc.. all have active NMLS licenses even though they do not originate any consumer purpose loans. 

Reviews can be created, LLCs can be opened up quickly, however a license requires time, background checks, and compliance. 

In addition CA requires either a RE brokers license  a MLO license with NMLS registration or a consumer finance license.. U must have one of these to loan money.. Majority of states non owner occ loans need no license.. so while its great to check does not mean unless they are in the 12 to 14 states that require licenses that they are doing thing without a license. 

mortgage fraud scams have been going on ever since there were mortgages :)  my Dad would point them out to me in the late 60s..