All Forum Posts by: Alex I.

He is legit. He is handling the hpc case for state of nevada. 

12 bridges is rehab/construction for hpc. 

12b residential is solely owned by guardian fund. It does the prop mamagement.

Joan

Please add me to ur list for class action  lawsuit against hpc, greg hughes, sixberry and kirsch.

Alex imbastari

aimbastari at gmail.com

Hi michael 
Sorry to hear you also fell victim to these pychopaths.
Reply to my email aimbastari @ gmail dot com. I will get you on the list.

Alex

Well the hughberry is still under hpc. They filed for bankruptcy chapter 11. Several investors have filed against hpc, kirsch, hughes and sixberry. As of now, there isnt a class action against them. Their business model is a scam and they need to be sent to jail and all their assets seized.  Stay tuned. Everything is on hold umtil.4/25. 

Hi Robyn 
I am one of the victims of these dirtbags. I have contacted Michael Burke,but can't get him to return my phone call.  We also have a group of investors where we share information.  I would like to add you to our group.  What is ur email? 

My info is:
aimbastari at gmail.com

Hughes Capital had to close their Guardian Buy and Hold Fund, because of non performance. It was so bad that "Secured Portfolio Invesotrs" forced them to file for Involuntary Bankruptcy. Currently we are looking at a possible Chapter 11 Reorg. However HUghes and his ilk have been kicked out of the fund. In an email update Hughes and company blamed a software configuration error for the reason they kept soliciting investor funds when it was obvious the fund was not generating the necessary organic rental income to meet all the distribution to clients. Sure. Try saying that with a straight face to a Judge in court. On top of using new investor money to pay dividends to prior investors, the other part of the great business model is this: Lets say you investor gave Hughes 1M USD for the Guardian Fund. Hughes would get a crappy property buy it for lets say 500k thru their own company Home Partners. Do some minor fixing and then resell it back to Guardian for 1M and assign you investor the title and Hughes just siphoned off a huge chunk of your money into their bank accounts as revenue for Hughes. Guess what now your collateral is worth much less in the open market if you decide to take posession and sell it. COnclusion: your 1M just became 500K-600K. THe above is an example and does not represent actual numbers but this is part of their business model so you get the idea. DO NOT INVEST WITH THESE PEOPLE: By their own admission, they are buffoons: Cannot configure software properly or ask basic questions about their pnl, even if the software wasn't configured, how difficult is it to ask the person cutting checks: How many rents came in this month and how many expenses and distributions did we have this month. Period. No need for fancy software. It just a lie. They knew all the time the boat was sinking. YOUR MUCH BETTER OFF JUST buying a good REIT from an exchange or give your money to HUGHES and watch it go up in flames between lawyer fees and run down collateral.