Investor Alert- Dutch Mendenhall and RAD Diversified REIT opened a new LLC called Omnico Golf. I am making this post in case any new investor attempts to search "Omnico Golf Reviews" on google and want to make sure it's tied back to Dutch and RADDs poor performance. RADD continues to open new LLCs, which takes a while to get poor BBB reviews etc. thus getting them new investor money.
Meanwhile investors in 1% Wentworth Golf course deal from RADD hasn't seen any distributions yet they start a new Omnico Golf LLC with a "Going Public" episode on X/Twitter. Very pathetic.
Other LLCs they run: HML's/ JV deals/ IC 50K/ RAD Diversified REIT/ Wholesale Fund/ OZ fund/Omnico Golf/ Rancho Foothills 1&2/ St.Pete deal that failed/ Survivalist Project/ Cattle/Auctions/ Farmland/ Omnico/ Highway 19 deal in Tampa/ TAI/ Advertising Fund/ Training Courses / The Seminar Solutions
@Joseph M. I wouldn't be so sure even the earliest investor distributions were actually tied to real estate performance. There were a lot of questionable transactions that occurred in the Philadelphia market where RAD has significant holdings during their earliest days and wouldn't be surprised if even back then distributions made to investors were just fresh capital they were pulling in.
No, not for me or anyone I’ve spoken with. RAD is just a very good marketing company and crowdfunding but poor real estate business company.
Maybe pre 2020 some investors had returns but seems like greed and wrong doing too over.
We aren’t even sure where our money went as many deals were cancelled after investor’s money was received- such as Wholesale fund, opportunity zone fund, St Pete mansion deal. Even hard money loans are over a year past due but Dutch says that’s okay since they’re still accumulating interest so it’s a good deal. RAD just “rolls over” your failed investment into some new offering. All fake paper money returns.
Without speaking to prior performance: I am wondering what this new venture actually plans to do. "Scale with us" for what? Are you buying golf courses and trying to turn them around? Are you buying driving ranges? And even a $5mm raise doesn't seem like it would go very far.
Maybe all this is discussed if you fill out the form for more info. And even not knowing about prior performance, the whole thing feels a little half-hearted. But, then again I am not his target investor anyways.
@Joseph M. I wouldn't be so sure even the earliest investor distributions were actually tied to real estate performance. There were a lot of questionable transactions that occurred in the Philadelphia market where RAD has significant holdings during their earliest days and wouldn't be surprised if even back then distributions made to investors were just fresh capital they were pulling in.
They are now officially under investigation by the FL Attorney General. These scammers are almost at the end of the line. Thank God. They destroyed so many lives with their lies and deceit
@Chris Seveney nope! hopefully SEC and FBI will join in as well!
We all worked hard filing federal complaints and negative reviews online.
Time to sit back with popcorn and watch RAD, Dutch Mendenhall, Amy Vaughn, Mark Fraser, Gretchen OBrien, Lionel Beltran go down and likely turn on each other for plea deals. There’s way to much evidence against them from investors and prior employees for this civil investigation not to turn into a criminal investigation.
Its ironic Dutch was recently featured on X/Twitter "Going Public" show praising how well Wentworth Golf Course was doing, yet NOW, Dutch/RAD are seeking an additional $250k investment from the same old investors that have had $0 returns and filed SEC / FL AG complaints.
Raising new funds from investors while also trying to file CH 11 bankruptcy?!?!?!??!!
RADs most recent offer:
Additionally, this is the same golf course that hosted a gentleman's club to raise money- the local neighborhood didnt react very well.