Crew Enterprises DST Investors with suspended distributions please PM me

Crew Enterprises DST Investors with suspended distributions please PM me

Member since 2024 · 99 posts · 174 votes

If you are a DST investor with Crew Enterprises formerly known as Versity, and before that NB Private Capital, and have had your monthly distributions suspended I'd like to hear from you. Please PM me. Thanks to Bigger Pockets members I am now aware of six Crew DSTs that have or had their distributions suspended. Four of the DSTs are student housing in Reno, Austin, Alabama and Louisiana and two are apartments in San Diego and Houston. Crew expects some relief through the 721 UPREIT for the student housing properties but details on the execution are hard to come by. I'd like to hear about your experience. I'm curious if there are additional distressed Crew DSTs out there.

POST HAS BEEN AMENDED at the original posters request TO ADD THE FOLLOWING AS OF July 2025

"Versity/Crew Investors thank you all that have participated in this Post. If you are a Versity/Crew Investor and are new to this Post, welcome, and thank you for adding your experience and knowledge to our growing list of Investors.

Below you will find links to help you take action on your personal situation. It’s critical that as many investors as possible file complaints with the SEC and FINRA. You’ll find all these forms come populated with information and/or instructions on what to do. In some cases, all you need to do is fill out a few blanks with your property etc. Many thanks to the investor who spent their time refining and compiling this. Let’s put their excellent work into action.

1. Please review condensed reddit discussion with OK Mirror (https://docs.google.com/document/d/1Od0qYaCqXlkuBFl-FA9Q0yPr8ycenIUQ/edit?usp=sharing&ouid=117259389996581272315&rtpof=true&sd=true)

2. Please fill out and submit an SEC complaint - template here (https://drive.google.com/file/d/1Hhv8X-kXLKArz1gJALImES08L4TTuQOM/view?usp=drive_link)


3. Please send the form email to your broker and / or broker dealer - template here (https://drive.google.com/file/d/10u1IqlF8R1iY3JjpJX4vgDhJ_SR1gry5/view?usp=drive_link)


4. Please fill out and submit FINRA complaint regarding your broker and/or broker dealer (https://www.finra.org/investors/need-help/file-a-complaint)


5. Please send a demand letter to Crew - template here (https://drive.google.com/file/d/1Lzyf1YcngYEvW36P2Jr7xXsTiLqtPz-E/view?usp=drive_link)


6. Please consult someone from the list of lawyers shown in this doc file (https://docs.google.com/document/d/1pTOHKoH2cME-pHYqCt3OePWLJE94uYXH_oOsztNvZvc/edit?usp=sharing)


7. Please attend and ask these questions on all webinars - A. How do we find our properties market value at time of purchase, what was actually paid for the property and the current property value? B. Going forward, we want independent book quarterly reviews C. Going forward, we would like an independent management company. Any other questions?"

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Member since 2025 · 30 posts · 30 votes
1y

The process will be expensive. At this point, I think we're just out our monthly distributions and legal fees would be expensive to try to collect that now. My long term concern is that Crew will destroy the future sales value of the properties. I would like to figure out a way to get the properties into some sort of a receivership to protect the cash flow and keep them from pilfering further. It seems that there are over 20 properties that could be in this predicament. I've connected with Brett via email and expect to have a phone chat later this week. We'll be attending an investor day DST event with a Kay Properties in Torrance, CA on April 23rd. I'm hoping to get some good advice about going after our broker from that event. At this point our broker isn't responding to my emails.

See this reply in the discussion

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  • Member since 2025 · 21 posts · 17 votes
    1mo

    Cry in a normal world I would say yes, but this experience has made me trust no one an lose a good amount of sleep.  So I'm not reading that they won't personally come after funds - I'm reading they want a huge payday even after taking so much and laughing all the way to the bank, these characters will do about anything - because they have been getting away with it.  So time will tell but I hope you are right about the process, but I also don't believe or trust a word they say.  And please someone tell me - what was the point of McQuade?  I'm just so pissed off.  

  • Member since 2025 · 6 posts · 10 votes
    1mo

    It is alarming that so many DST investors are so unknowledgeable about Crew situation. Crew failed to repay the bridge loans it took on the five properties syndicated by Blake Wettengel and Tanya Muro. About $56 million is missing from four properties i.e. The Walk, Vintage, One on Fourth and Hayworth Tanglewood. The lender for those four is requiring Crew and the DSTs to make the DSTs liable for their loans as part of a change of sponsor. Tanya and Blake issued personal guarantees on those loans. The lender, KHCA, owns them. Literally and figuratively. So, if you are an investor in those properties and get asked whether you approve a new sponsor - say NO UNLESs the new sponsor is NOT contractually obligated to KHCA. The only loans you approved, as an investor, are the underlying mortgages. The bridge loans were supposed to be Crew's obligations, repaid from investor proceeds. The proceeds went missing!

  • Member since 2025 · 117 posts · 101 votes
    1mo
    Question for the current versity investors, where I understand upto 9 properties are going to become a REIT.

    A co-investor shared a PPM REIT screenshot with me where our Veristy PPM's suggest we have the option to cash out during the DST to REIT transition and the cash out amount may be based property values when purchased vs current.  From what I have seen here and maybe heard on our webinars,

    1.  there seemed to be a mention that there would be a 18 - 24 month period where you could not cash out, which would confict with the PPM, does anyone know the answer and/or can confirm that a wait period was mentioned somewhere?

    2.  On my property, 4th and J, webinar they talked about a direct sale and that would have to take 80-90 cents on the dollar, thus loosing that much of our principle.  When I was approached on this DST, this property was not doing well as covid kept rents real low and the sales pitch is we were buyig the property at a relative price.  That was 5 years ago.  In San Diego where everything goes up, up, up in value.  Does anyone understand how this would be that we would only get 80 cents on the dollar?   Did the sponsor really pay way too much for the building and is there any protections for this?
  • Member since 2024 · 99 posts · 174 votes
    1mo

    Steve, please give us the PPM information about cashing out during a DST to REIT conversion. Usually, the conversion to a REIT from a DST does have a 24 month period before you can start cashing out OP shares but if the PPM says differently then please share! Problem would be the REIT is a "private" REIT and Waterfall can say yes or no to how much they allow investors to cash out. Additional problem is that even if Waterfall pulls off the conversion to a REIT, it's a REIT "boutique" at best.

    Certainly not as grim as if your properties are with CREW but again those PPM's contain a lot of stuff, please share if there is real language to that affect buried in the PPM.

    • Member since 2025 · 117 posts · 101 votes
      1mo
      Quote from @Brett Henricks:

      Steve, please give us the PPM information about cashing out during a DST to REIT conversion. Usually, the conversion to a REIT from a DST does have a 24 month period before you can start cashing out OP shares but if the PPM says differently then please share! Problem would be the REIT is a "private" REIT and Waterfall can say yes or no to how much they allow investors to cash out. Additional problem is that even if Waterfall pulls off the conversion to a REIT, it's a REIT "boutique" at best.

      Certainly not as grim as if your properties are with CREW but again those PPM's contain a lot of stuff, please share if there is real language to that affect buried in the PPM.


  • Member since 2025 · 117 posts · 101 votes
    1mo
    Here is an easier to view version:


    Exit Strategies
    Investor Suitability
    The anticipated holding period of the Property is approximately ten years,
    subject to adjustment based on market conditions. Any sale of the Property with
    an assumption of the Loan would be subject to Lender approval. As one
    alternative, the Signatory Trustee may elect to facilitate an exchange transaction
    pursuant to Section 721 of the Code (a “721 UPREIT Exchange”), wherein the
    Signatory Trustee would provide Investors with the option of (i) exchanging
    their Interests for an equivalent value of operating partnership units of a real
    estate investment trust (which real estate investment trust may be affiliated with
    the Sponsor), or (ii) receiving a cash buy-out of their Interests at fair market
    value. The fair market value of the Interests at the time of the 721 UPREIT
    Exchange would be determined by an independent third-party appraisal obtained
    by the Signatory Trustee. Investors who elect to receive a cash buy-out of their
    Interests will be free to (a) structure a Section 1031 Exchange (to the extent
    permitted by applicable law at that time and provided that they comply with all
    Section 1031 Exchange requirements), or (b) cash out on a taxable basis.
    Investors will not be entitled to approve a sale or other disposition of the
    Property, including a 721 UPREIT Exchange. However, before the Signatory
    Trustee directs the Trust to enter into a binding contract to sell or convey the
    Property or to facilitate a 721 UPREIT Exchange, the Signatory Trustee will
    canvass Investors regarding their views of the potential transaction. The
    Signatory Trustee will consider the Investors’ views and opinions in good faith
    but will not be bound by these views and opinions, and the decision to sell or
    otherwise convey the Property, including pursuant to a 721 UPREIT Exchange,
    will rest solely with the Signatory Trustee. See “Risk Factors – Risks Related to
    the Delaware Statutory Trust Structure – There are tax risks associated with a
    sale or other disposition of the Property.
  • Member since 2024 · 99 posts · 174 votes
    1mo

    Thank you Steve, really well done. I have had a DST do the 721 UPREIT and took the cash buy out instead of OP shares. REIT's are just like anything else. They need to be evaluated to determine if they have the value and potential that suits you.

    In this case, my guess is they don't feel like they have to give the investors that option for some reason. 

    Again you are left with a "what's really going on" moment?

    There are some mile stone moments that have passed at this point.

  • Rental Property Investor · Member since 2021 · 17 posts · 19 votes
    1mo

    What is everyone's take on the email received concerning going to a Reed or LLC?

  • Member since 2025 · 30 posts · 30 votes
    1mo

    News from Russell on 08/14/26: Shadowglen default and capital call.

    Gee! I'm not remembering anything in the Brian dog & pony updates about Shadowglen having a  potential default with this mortgage lender?

    I feel like we've been led down a BAD path with the Versity take back. I think Brian was covering up LOTS of bad things about the status of the various properties. Staying with CREW I'm sure would have been a bigger disaster...just look at Vintage and where that is likely to end up.

    Owners in Shadowglen, Astoria, Wolf Run and Vintage.

  • Investor · Suwanee, GA · Member since 2015 · 6 posts · 3 votes
    1mo

    yes seems like a lot of info was withheld from us. Last update they were increasing occupancy to get back to positive cash flow

    Anyone heard any news on when we get the 2025 tax info?

  • Southern California · Member since 2025 · 28 posts · 25 votes
    1mo

    Sent an email last week and response was the same dog and pony show excuse. My pushback was how could Russell and his team get a fair evaluation of you don't have the taxes or projections? No response. I personally hate all of this but the REIT exit looks like the only saving grace at this point. Damned if we do and damned if we don't.

  • Member since 2025 · 44 posts · 28 votes
    3w

    Has anyone received the DocSign from WaterFall or the request for tax basis from Armanino Accounting?

    As for me, I have not received either.

  • Southern California · Member since 2025 · 28 posts · 25 votes
    3w

    I received a request for the tax bases last month on 3 of my 4 investments that Russell has chosen. And I received a document requesting info to ensure I was a qualified investor. Which is ironic since Versity and the broker I purchased through had that information. But I haven’t received a separate doc-u-sign. Finally, the last email I received was that Armanino was buried so I would just email and document.

  • Member since 2025 · 44 posts · 28 votes
    3w

    Thank you Larry. After communicating with Amadou, he finally sent me the DocSig on Thursday. I got the information for the tax basis and I emailed that to Amadou ccing Armanino. I got a reply from Waterfall and Versity that no further action is needed.

  • Member since 2026 · 1 post · 3 votes
    2w

    Hello everyone, I hope you are having a restful Labor Day Weekend.

    To say the least, this situation has a lot of moving parts. In an effort to bring some clarity, I pulled the public record behind this thread — court filings, SEC Form Ds and offering exhibits, FINRA BrokerCheck on the selling groups, and the public company/people pages — and put it on a web site so that it's hopefully easier to follow along:

    https://dst.report/

    A briefing on Versity → Crew is here:

    https://dst.report/briefing/

    Ways readers in this thread can help:

    - Contributions: editing or adding to the report

    - Feedback: content, style, or the narrative

    - Source Documents: I was not able to find some in the public record.

    - 4th & J PPM (quoted by Steve earlier in the thread)

    - the later Vintage PPM supplement

    - a Walk or One on 4th PPM or trust agreement

    - any sale, 721, or capital-call letter that is not already posted here

    - information on last distribution dates, and / or that distributions are current; and, who the signatory trustee is now

    Please either share feedback here, or send me a DM. Thank you for reading.

    Full disclaimer: the web site is a compilation of research notes based on public information, not legal advice, and not a prediction of any case. Forum posts are hearsay; where they disagree with a filing, the filing wins. Pending BrokerCheck items are allegations. Settlements are not findings of liability. Pages were assembled with AI assistance and can be wrong — e.g., a mistyped CRD, a misread exhibit, a skipped amendment, etc.

    • Southern California · Member since 2025 · 28 posts · 25 votes
      2w

      An incredible recap in the briefing that you compiled. I will look over my documents and see what I can add. Well done.

    • Member since 2025 · 14 posts · 6 votes
      2w
      Quote from @Tom C.:

      Hello everyone, I hope you are having a restful Labor Day Weekend.

      To say the least, this situation has a lot of moving parts. In an effort to bring some clarity, I pulled the public record behind this thread — court filings, SEC Form Ds and offering exhibits, FINRA BrokerCheck on the selling groups, and the public company/people pages — and put it on a web site so that it's hopefully easier to follow along:

      https://dst.report/

      A briefing on Versity → Crew is here:

      https://dst.report/briefing/

      Ways readers in this thread can help:

      - Contributions: editing or adding to the report

      - Feedback: content, style, or the narrative

      - Source Documents: I was not able to find some in the public record.

      - 4th & J PPM (quoted by Steve earlier in the thread)

      - the later Vintage PPM supplement

      - a Walk or One on 4th PPM or trust agreement

      - any sale, 721, or capital-call letter that is not already posted here

      - information on last distribution dates, and / or that distributions are current; and, who the signatory trustee is now

      Please either share feedback here, or send me a DM. Thank you for reading.

      Full disclaimer: the web site is a compilation of research notes based on public information, not legal advice, and not a prediction of any case. Forum posts are hearsay; where they disagree with a filing, the filing wins. Pending BrokerCheck items are allegations. Settlements are not findings of liability. Pages were assembled with AI assistance and can be wrong — e.g., a mistyped CRD, a misread exhibit, a skipped amendment, etc.

      Thank you for all of this info.  I'm invested in 4th&J.  I don't know where the .80-.90 per ppm came from?  Last year when Brian talked about the recovery of this property he said that the NOI was increasing.  He provided us with either 3Q or 4Q/25 financials and a projection for 2026.  DOES ANYONE HAVE A COPY OF THAT REPORT.  PLEASE FORWARD TO ME.

      When Waterfall announced that they were shifting the student housing properties into a REIT they also said that an 'offer' had been sent to ShadowGlen, which I think is the other apartment property.  They also indicated that 4th&J investors would be sent an offer in the near term.
      Its my conjecture that 4th&J is Underwater, value less than the mortgage of $34M.  There is most likely a trigger in the loan documents wherein the lender requires additional capital when the value drops below a certain amount.  It would seem that the 'offer' to DST investors will be to contribute additional capital in order to maintain their initial interest in the property OR to not contribute additional capital and have their initial interest diluted.

      The cap rate on the original deal was 4.3% based on the offering of $71,550,000; $50M equity and $34M debt and the provided NOI of +/- $3M.
      Last year Versity provided a 2026 budget that indicated an NOI of $2,189,635.  At the initial cap rate of 4.3% that would mean a value of $51M +/-.  However, its not reasonable to continue using the 4.3% cap rate based on current market conditions.  At 5.5% the value would be $40M.  Those values presume that the actual NOI is inline with the projections that were provided last year.
      The initial loan to value LTV was about 47% so the lender is going to want the mortgage paid down so that it is at the same LTV.  47% of a $40M value would be about $19M, therefore the mortgage would have to be paid down by $15M.  That would be the new equity amount.

      Therefore, I'm guessing that $15M would buy 50% of the property.  However, Russell isn't doing this for free so I would expect $15M would buy something less than a 50% interest in the property and that should answer the question "what's in it for Russell."  That's not a negative it's just what it is.

       I reached out to Waterfall recently and asked them for financials.  One would think that since Versity brought in Waterfall that they would necessarily share the financial information that they have gained since taking back control of the property.  That information still isn't available and unfortunately the answer is the same one that Brian/Versity used.  

    • Member since 2025 · 117 posts · 101 votes
      2w
      Quote from @Paul Kampa:
      Quote from @Tom C.:

      Hello everyone, I hope you are having a restful Labor Day Weekend.

      To say the least, this situation has a lot of moving parts. In an effort to bring some clarity, I pulled the public record behind this thread — court filings, SEC Form Ds and offering exhibits, FINRA BrokerCheck on the selling groups, and the public company/people pages — and put it on a web site so that it's hopefully easier to follow along:

      https://dst.report/

      A briefing on Versity → Crew is here:

      https://dst.report/briefing/

      Ways readers in this thread can help:

      - Contributions: editing or adding to the report

      - Feedback: content, style, or the narrative

      - Source Documents: I was not able to find some in the public record.

      - 4th & J PPM (quoted by Steve earlier in the thread)

      - the later Vintage PPM supplement

      - a Walk or One on 4th PPM or trust agreement

      - any sale, 721, or capital-call letter that is not already posted here

      - information on last distribution dates, and / or that distributions are current; and, who the signatory trustee is now

      Please either share feedback here, or send me a DM. Thank you for reading.

      Full disclaimer: the web site is a compilation of research notes based on public information, not legal advice, and not a prediction of any case. Forum posts are hearsay; where they disagree with a filing, the filing wins. Pending BrokerCheck items are allegations. Settlements are not findings of liability. Pages were assembled with AI assistance and can be wrong — e.g., a mistyped CRD, a misread exhibit, a skipped amendment, etc.

      Thank you for all of this info.  I'm invested in 4th&J.  I don't know where the .80-.90 per ppm came from?  Last year when Brian talked about the recovery of this property he said that the NOI was increasing.  He provided us with either 3Q or 4Q/25 financials and a projection for 2026.  DOES ANYONE HAVE A COPY OF THAT REPORT.  PLEASE FORWARD TO ME.

      When Waterfall announced that they were shifting the student housing properties into a REIT they also said that an 'offer' had been sent to ShadowGlen, which I think is the other apartment property.  They also indicated that 4th&J investors would be sent an offer in the near term.
      Its my conjecture that 4th&J is Underwater, value less than the mortgage of $34M.  There is most likely a trigger in the loan documents wherein the lender requires additional capital when the value drops below a certain amount.  It would seem that the 'offer' to DST investors will be to contribute additional capital in order to maintain their initial interest in the property OR to not contribute additional capital and have their initial interest diluted.

      The cap rate on the original deal was 4.3% based on the offering of $71,550,000; $50M equity and $34M debt and the provided NOI of +/- $3M.
      Last year Versity provided a 2026 budget that indicated an NOI of $2,189,635.  At the initial cap rate of 4.3% that would mean a value of $51M +/-.  However, its not reasonable to continue using the 4.3% cap rate based on current market conditions.  At 5.5% the value would be $40M.  Those values presume that the actual NOI is inline with the projections that were provided last year.
      The initial loan to value LTV was about 47% so the lender is going to want the mortgage paid down so that it is at the same LTV.  47% of a $40M value would be about $19M, therefore the mortgage would have to be paid down by $15M.  That would be the new equity amount.

      Therefore, I'm guessing that $15M would buy 50% of the property.  However, Russell isn't doing this for free so I would expect $15M would buy something less than a 50% interest in the property and that should answer the question "what's in it for Russell."  That's not a negative it's just what it is.

       I reached out to Waterfall recently and asked them for financials.  One would think that since Versity brought in Waterfall that they would necessarily share the financial information that they have gained since taking back control of the property.  That information still isn't available and unfortunately the answer is the same one that Brian/Versity used.  


       Additionally, anything and I mean any real estate in San Diego that has been held for 5 years has consistently gone up for decades. How are they giving this in 80 or 90% valuation?

      during the webinar Brian did mention that crew did mismanage the property, did not Market it or keep it up as they would have if they had been honest managers so the noi might be lower than it could have been and we do collectively have a lawsuit with crew . Perhaps that's one of the items that we will be suing for and maybe it's good news that crew seems to be staying whole and not declaring bankruptcy. So maybe there's some hope there but I have to imagine the land alone , in downtown San diego, has to have gone up over 5 years.

  • Southern California · Member since 2025 · 28 posts · 25 votes
    2w

    For my investments, there were 2 capital calls where we were coerced to support or threatened to lose our equity. We were never informed that such an option is illegal in a DST.

    1) Buckingham - 9/1/2022

    2) The Nine - 2/1/2022

    We were informed by Crew that we would receive this cash infusion back, then 3-years later we were informed we were given more "cash" equity in the DSTs, which once again is illegal and fraud.

    Of the 4 investments I have with Versity/Crew/Russell, I had all my dividends stopped on the following months:

    1) Buckingham - April 2020

    2) The Nine - Cut in 1/2 April 2020. Stopped in May 2020

    3) Astoria - May 2024

    4) 345 Flats - June 2024

    These dividends have never resumed.

    The reasons presented during calls were Covid for DSTs 1 & 2, then because they were in a lockbox. Ironically, we were never informed when those lockboxes were removed, and ALL of the money became allegedly "lost" or stolen. DST 3 was stated as higher taxes, which they never forecasted. DST 4 was stated as they (Crew) were doing an UpREIT, which knowing now, we should have been informed of our options to cash out rather than being a part of (per the PPM).

    Also to be noted, we were never informed of a new management fee that showed up in the accounting. During the first Brian Nelson call (May 2025?) once Versity regained control from Crew, a line item showed up as a secondary management fee (there was already a line item for the first one). Each accounting P/L reflected approximately $1 Million Dollars charged to each of the properties I invested into and can only assume this took place in all the Crew properties.

  • Member since 2025 · 14 posts · 6 votes
    1w

    4th & J Investors:

    Has anyone in the group requested and/or received recent financials from Versity?  I have recently requested this information.  Brian/Versity and now Waterfall have had control of the property for at least twelve months.  I'd like to see a status report for the property.

    • Member since 2025 · 117 posts · 101 votes
      1w

      I haven't asked for this information. I assume it will now be a request to Waterfall?

      Also waterfall is asking us all for our cost basis and that if we don't know how to get this cost basis we should find our accountant from 4 years ago. I am guessing a lot of people are going to struggle with this, does anybody have any idea why Versitywouldn't already have this?

    • Member since 2025 · 14 posts · 6 votes
      1w

      You should be able to get your settlement statement from the QI that you used for the 1031 exchange.

      The form 8824 should be found within the tax return for the entity that owns the interest in the DST.

      I asked Versity for the last twelve months of financials for 4th & J and they just sent them to me. I have not yet reviewed them line by line but at first glance the numbers looked close to what was provided in the 2026 projected budget.

    • Member since 2025 · 117 posts · 101 votes
      5d

      great stuff, ty Paul!

  • Member since 2024 · 99 posts · 174 votes
    1w

    You can ask for the financials but even if you got them why would you believe them? From Crew or Versity. About a week ago Versity informed investors that the promised tax information you need was not coming. So good luck with that. My CPA is making the best guess, and we can file an amended return if/when they actually come. Just adding more expense to the entire mess.

    As it has been already asked in this post, how can Waterfall work with any bank without the financials? A guess would be at this point they have them if they have any credible chance of new financing.

    • Member since 2025 · 14 posts · 6 votes
      1w

      Versity just sent me the last twelve months of financials for 4th & J. Numbers look similar to what they projected last year for the 2026 budget.

    • Member since 2025 · 117 posts · 101 votes
      6d

      Paul - during the webinars, Versity team kept going on and on about how great 4th and J was doing. And you are mentioning the numbers now match (somewhat) what they projected, which was relativily good news. What are your thoughts now, do you think Versity numbers are not real and Waterfall is possibly reacting to worse/actual numbers?

  • Member since 2024 · 99 posts · 174 votes
    1w

    My two cents to Waterfall's requests for proof of depreciation, proof of QI Closing statements and Federal tax forms 8824 is that between Versity and Crew the records are a f'ing mess and probably incomplete in some way. So, they are asking you to "prove it" to them. As I just mentioned recently in this post, adding to your expense in this folly is getting taxes filed and then have to amend them later. Getting my depreciation is something I had to pay the CPA to do also. I asked that I get confirmation that they have everything they requested. Of course, I have nothing. So arrogant, they act like they are doing you such a favor, so comply to everything or get nothing. Could be worse, Crew could still have your investment.

    • Member since 2026 · 2 posts · 1 vote
      1w

      Yes and what about no phone to call??? I am waiting going on three days now for a response as to what exactly do they need for the 4th&J property. Yet they give me a September 28th deadline! Two emails in and no response.

  • Member since 2026 · 10 posts · 1 vote
    1w

    Anyone have any insight into the following which I came across today-

    Federal law enforcement involvement, including the FBI, has been reported by investors discussing inquiries into Versity Investments (also operating as Crew Enterprises) amid a $56 million fraud and Delaware Statutory Trust (DST) syndication controversy.

    • Member since 2025 · 117 posts · 101 votes
      6d

      Hello Don is there a link to the rest of the article? This might just be a special agent Kline's case that we have been talking about for a while now, on this forum. It'd be nice to see the rest.

      Also waterfall got back to me and Steve, they said they're working on getting a phone number but they don't have one right now. They haven't answered all of our questions yet though

    • Member since 2026 · 10 posts · 1 vote
      5d

      Sorry - no specific article was linked to this.

    • Member since 2025 · 117 posts · 101 votes
      5d

      ok - how did you end up with this content? Was this from another forum?

    • Member since 2026 · 10 posts · 1 vote
      4d

      As per below response - probably Gemini but cant be sure.

  • Member since 2024 · 5 posts · 4 votes
    6d

    That's a another red flag - don't have a number...its just one shenanigan after another.

  • Member since 2024 · 99 posts · 174 votes
    6d

    I bet I could get a phone number anytime I wanted, if I really wanted to. Unimpressive at best, deflecting investors is more likely.

  • Member since 2026 · 10 posts · 1 vote
    4d

    It is copy and paste from a simple AI search - sorry I cant give more info but my assistant looks things up now and then and I dont get all the details.

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