Real Estate Consultant · Fort Myers, FL · Member since 2008 · 2 posts · 1 vote
Harbor Funding Group is being investigated for fraud....beware!!!!!!
DO NOT DO BUSINESS IN MISSISSIPPI WITH GLOBAL FUNDING COMMUNITY DEVELOPMENT, LLC.....based in Florida building under Go Zone in Mississippi....beware....they approximately 5 companies setup that funnel money into Global Development.....flips are involved.....Dream Developers, LLC, Land Solutions, LLC, The Squad, LLC, among others.....someone buys the lots under Land Solutions employed by them....get the picture now
I can add some actual info to this thread. There are several boiler room operations out of Ft. Myers FL and Gulfport MS that ran ads on the internet for the go zone. They put on seminars and took you to see properties in MS that they would build for you. Most were in Bayside Park, an old downtrodden development in Bay St. Louis, MS. It all looked good and you'd be told by a lender, Harbor Funding by way of C & W funding they'd get you a loan for x amount. This would cover the const, points and when it closed, you'd receive a rent guarantee and decor allowance of 10% back in your pocket, basically 90% loan.
Example-$240K duplex . You place $24K with the developer, Blue OAK CONST (had other names before) who then placed funds into escrow with JPO Title . This is where it gets wierd.
Harbor Funding then requested the funds to go to their escrow agent, Michael D. Garber, a NY and NJ attorney from JPO. The wizard pulling the strings behind the curtain of Harbor Funding is Bill Lange, and supposedly,he requested the funds from Garber. It appears he received them and used them to leverage with a hedge fund overseas by putting up millions to get hundreds of millions to lend.
The developer continued selling pre builds based on the info and potential loans from Lange. I "purchased" 2 duplexes from Blue Oak-Gulf Stream Dev and sent them $48,000. I've been trying to get money back for 6 months. Garber has had his accounts frozen by the Bar in NJ. Lange has now disappeared from Seattle but keeps promising a return of my funds.
I don't know if I'll ever see my $ and I don't know a sINGLE investor that has had a closing on property through these guys. There are still some of those involved above ground in Ft. Myers, and still doing seminars, now selling foreclosures in SW FL.
Be very careful. These folks are in over their heads, or crooks, or slick or all of the above. I have lots of info on all this and would love to join any action or furnish my info to the investigators or FBI. It is a can of worms.
As to any assets of Harbor Funding. Lange pledged a LOT of funds and the ruse was a goldmine or gold stocks he had plus the cash. He closed his office last week and did give me the new phone # for him, but I haven't tried it yet.
Scott- the investigation needs to start right where you are with Garber. He is the key to knowing where the money went. There is an attorney /lender in MN that is out 800K and thinks he'll see his funds returned from the court. He doesn't return calls now. He quoted me 3K to file my request with the court, but I'm not sure he's received anything nor whether Garber or Lange has the funds!!
JPO title is no longer where they were in Ft Myers. I think everyone is scrambling for under ground.
Hows' that for more info on this mess? Rich.
For those of you losing out hope, I wanted to let you know that I have spoken to people who believe that this case is coming to a very close conclusion. I will continue to keep all posted as I hear more.
300 were scammed, minimum for over 9 million. A portion of that is mine,,,,,,I hope. I received copy of the press release and also the filed Grand Jury info from the Court.Just seeing him in cuffs was worth something, imo. Rich
Not a dime, and court hearings keep getting postponed. Bill Lange is the big fish and others below him have plea bargained. I receive regular updates from the prosecutor for the State. Rich
our lawyer representing a group of us here in Australia (which equals to $1.3m invested) has had a response from Chartis? insurance, they are offering 17cents to the dollar.
they say the insurance cover was only for $1m? just doesn't sound correct.
as there are a few parties out there trying to recover funds we would like to know how they have gone?
thanks to Rich for responding to my PM.
Lukas- I try to reply to allPMs. Good luck on this mess. I was trying to get some writeoff from the go zone investing-but not straight dollar for dollar loss! 48K. Rich
I have been asked to send all my Lange, Blue Oak, C&W info, JPO title, Campagnolo info etc to Feds handling this matter. I'm being flown to NY to meet with them next week. I'm sure I'll know more then and hope my info helped. Anyone else been with the Feds there yet? Actually don't think this is simply a Grand Jury since I'm being asked to likely be called back to testify. I know this case is moving along.
Other tidbits I've found. Lange is apparently out of his home and onto 2 other "ventures". Possibly wearing ankle bracelet. A Kristopher Lange is also involved in new ventures as well as a couple others. Since this is a Harbor Funding thread, I won't list the 2 new ventures. Watch out for Companies out of Gig Harbor Washington, a chiropractor, and boat salesman.....Rich
I also sent funds to Sharon Thayer in this thread, but no communication or progress has occurred in over a year... I know of ZERO funds returned to anyone. Rich
Rich Weese Thanks for the heads up on Thayer! Also, you know Lang's home in Gig will be a fcls, might be your best [/s]revenge[s], I mean way to recoup.
New York City is still beautiful at night! Did the Times Square thing and a play and dinner with a grand daughter tonite. Tomorrow is the meeting. Rich
I got busy and forgot the update! Currently in 5 States in 5 days. The main trial begins Jan 14 and looks like it will finally start on time. There are 4 principals with 2 others already having pled guilty. I know other posters have been talked to-any of you been asked to testify? I'm not sure if any money will be returned, but I do hope to see Bill Lange and others receive their just dues. Rich
Hi Rich - who are the other principals aside from lange?- pascua and schulmire already pled guilty some time ago. we know the pre trial scheduled at the end of november was cancelled due to hurricane sandy but there has been no relisting of the pretrial so did the feds confirm langes actual trial was proceeding on the 14th? the victim notification system is woefully inadequate in most regards so any new info would help (from the horses moth so to speak!). Cheers Rich & Thanks. Steve
Rich: Talked to - yes. Provided evidence - yes. Testify - no. DOJ said they had things pretty well sorted out pre-trial, but could not share, of course. I presume that due to your level of experience and financial loss your testimony was valuable. Scott A was also a standout in that sense. Scott? -Carlos
Stephen- I didn't recognize 2 of the names. I know Bill Lange and his son Christopher are 2 of them. The notification system is bad and they know it, but real busy with finishing touches. The trial begins 14th or 15th of Jan- I forget which one. I'll know more later and we'll eventually have the complete story, according to the Feds. Rich
Christian-
the trial for both these individuals was scheduled for yesterday January 14. A few weeks ago the trial was postponed and a status hearing was scheduled for January 7 when a possible new trial date would be scheduled. There is nothing new on my victim notification source as of today. I will call my contact with the Department of Justice today and see if I can get an update. Rich
Bad news on Lange and Pascua. Status hearing was on the 7th and no new court date has been set. A crook can get away with stuff for a LONG time before any justice. Rich