BEWARE of Malcolm E. Pointon

3 Replies

This man poses as a real estate investor who takes your money and then claims hardship and doesn't pay you back. He pretends to be Christian and to have the best of ethics. Don't believe a word he says and DON'T GIVE HIM YOUR MONEY!!!!! You will never see it again. He owns CALM Investments and operates out of Phoenix and Tucson AZ (at least at this date).

Originally posted by @Karen Haddigan :

This man poses as a real estate investor who takes your money and then claims hardship and doesn't pay you back. He pretends to be Christian and to have the best of ethics. Don't believe a word he says and DON'T GIVE HIM YOUR MONEY!!!!! You will never see it again. He owns CALM Investments and operates out of Phoenix and Tucson AZ (at least at this date).

How long has he not paid you? Does it appear that he plans to never pay you or he simply fell on hard times? You do realize people are falling on hard times right now. I don’t know the man and he could be a sure enough scammer. 
  If he has intentions to pay you back , but just not the ability at this moment that is totally different than him planning on never paying you back. With social media it is way too easy to permanently damage a persons reputation beyond repair. If you feel and know in your heart that he never plans on paying then I guess you are saving the public. 

Whereas this is your first post on BP it seems that you created your Bigger Pockets profile for the sole purpose of making this post. 
 

Do you have a contract for the money you gave him? It is wise, if investing in real estate, to make sure any money you are investing is properly backed by real estate. That way at least you have something backing the money you invested. 

There was  a "contract" but it was not backed by real estate. Another friend invested with him and had a contract backed by real estate, but then Malcolm claimed that his "hostile' partners made him sign something that suddenly put my friend from first to third position for loans on the property, so that didn't work either. 

He strung us out for two years, at first evading our phone calls and then telling us story after story that didn't add up or make sense, finally claiming he was selling another piece of property and would give us proceeds out of that - never produced any purchase documents for the property - although was asked - and has now said another 'hostile" partner took all the money and he has nothing to pay us with.