All Forum Posts by: Paula Impala

Marco Santarelli charged with Ponzi scheme and wire fraud. Sadly Marco's web page is still up to invest in Norada Capital Management (NCM). I hope all companies, such as a very large self directed IRA company, that promoted NCM are sued. Do your own due diligence and don't invest just because a reputable company/person mentioned them.

https://www.justice.gov/usao-cdca/pr/former-ceo-orange-county-based-private-equity-fund-charged-conning-investors-out-625

Aaron Chapman was on Marco Santarelli's podcast 'Norada Real Estate Investments' which is owned by Marco Santarelli.  Marco owned Norada Capital Management and stole investors money and is currently being investigated by the Federal Government.  I guarantee Aaron has never done business with the fraudster Marco Santarelli.  Aaron needs to do his due diligence before appearing on a show with a thief.  I would not trust anyone associated with Norada or Marco Santarelli.

Melissa Nash and Aaron Chapman welcomed Richard Duncan on Marco Santarelli's podcast 
'Norada Real Estate Investments' which is owned by Marco Santarelli.  Marco has multiple legal avenues charging Marco with financial fraud and stealing investors money. His track record is by no means clean with him filing for bankruptcy.  Richard Duncan should have done his due diligence before associating with fraudster Marco Santarelli.  I would bet money that Duncan has never invested with Marco.

Marco Santarelli had Amanda Holbrook from Magnifyyourwealth on his podcast
'Norada Real Estate Investments' on May 27th.  Marco has multiple legal avenues charging Marco with financial fraud and stealing investors money.  His track record is by no means clean with him filing for bankruptcy.  I would NOT invest with anyone associated with Marco Santarelli.  There is a reason he does not allow comments on his podcast posts.  It amazes me how many people invest there time and money and do no due diligence.

Here is an update with Marco Santarelli from Norada.  Back in June 2024 Marco Santarelli  said he converted investors notes to equity in Norada.    Marco has failed to inform members as to what our money is invested in, a financial report, a monthely statement or to inform investors what is the precentage of each person's membership or interest in Norada.   It has been 6 months and the only thing we have received are emails from Marco saying we will receive information in a couple of months.  DO NOT do business with Marco as he does NOT have any integrity.  Any suggestions on how to get our money back or response from Marco are appreciated. 

I sent an email with the questions listed below.  His response to what led to this decision was identical to what others have posted.  With my other questions, I was told further updates will be provided as additional information becomes available.   

Questions asked in email:

1. What is is my new equity as a percentage of membership interest?

2.  What led to the decision to change my note to a member interest?  (Told economic conditions.)

3. Exactly what is my money invested in?

4.  What led to the decision to suspend payments?

5.  When will I receive a financial report?

6.  How often will I be receiving statements?

I invested in Norada Capital Management and was coming here to connect with others who may have invested.  Did not receive my payment from Norada this month and just received the following notification in my email. 

Any recommendations from fellow inv

Dear Valued Investor,

I hope you are well. As a lender (aka “Maker”) to Norada, you are a valued member of the Norada family.
The purpose of this correspondence is to provide you with an update on the repayment under the terms of the promissory note (“Note”) as an obligation of Norada Capital Management, LLC (“Norada”).
As with all businesses, Norada is subject to market factors that could impact its ability to make payments. Due to current market conditions and unforeseen financial challenges, we have decided to temporarily suspend distribution payments. This decision was not made lightly and comes after thorough deliberation and analysis of our current financial position.
This requires us to exercise our right to convert your Note and issue equity (aka membership interests) in Norada. You will recall that your Note allows Norada to convert the outstanding balance owed into equity and that it can redeem that equity in the future by repayment of the Note principal in full. There is nothing required by you related to your Note being converted. It happens automatically upon notice being sent.
As such, this email will provide you notice that Norada has chosen to exercise its right under the Note §6 to issue equity to you in Norada. Your equity is valued at the unpaid face value of the Note plus any accrued but unpaid interest. We expect to be in a position to redeem your interests in short order, and we will keep you posted, as always, on any developments in this regard.

We understand the importance of distributions to our investors and recognize the impact this decision may have on your financial planning. Please be assured that this suspension is temporary. We are committed to resuming regular distributions as soon as our financial situation stabilizes and improves.

Our primary goal is to ensure the long-term stability and sustainability of our business. By temporarily halting distributions, we can preserve capital, manage our resources more effectively, and invest in key areas that will drive future growth and profitability.

In the interim, we are taking strategic steps to strengthen our financial health, including cost-reduction measures, revenue-generating initiatives, and debt restructuring options. Our management team is dedicated to navigating through these challenges and emerging stronger.
We greatly appreciate your understanding and patience during this time. We remain committed to transparency and will keep you informed of any significant developments. If you have any questions or need further clarification, please feel free to contact me directly. (I will do my best to reply to your email in a timely manner.)
Thank you for your continued trust and support.
Sincerely,

Marco SantarelliFounder & CEONorada Capital Management

I invested in Norada Capital Management and was coming here to connect with others who have invested. Did not receive my payment from Norada this month (June) and just received the following notification in my email.

Any thoughts or recommendations from fellow investors.  Thank you in advance for any advice or insight.

Dear Valued Investor,

I hope you are well. As a lender (aka “Maker”) to Norada, you are a valued member of the Norada family.
The purpose of this correspondence is to provide you with an update on the repayment under the terms of the promissory note (“Note”) as an obligation of Norada Capital Management, LLC (“Norada”).
As with all businesses, Norada is subject to market factors that could impact its ability to make payments. Due to current market conditions and unforeseen financial challenges, we have decided to temporarily suspend distribution payments. This decision was not made lightly and comes after thorough deliberation and analysis of our current financial position.
This requires us to exercise our right to convert your Note and issue equity (aka membership interests) in Norada. You will recall that your Note allows Norada to convert the outstanding balance owed into equity and that it can redeem that equity in the future by repayment of the Note principal in full. There is nothing required by you related to your Note being converted. It happens automatically upon notice being sent.
As such, this email will provide you notice that Norada has chosen to exercise its right under the Note §6 to issue equity to you in Norada. Your equity is valued at the unpaid face value of the Note plus any accrued but unpaid interest. We expect to be in a position to redeem your interests in short order, and we will keep you posted, as always, on any developments in this regard.

We understand the importance of distributions to our investors and recognize the impact this decision may have on your financial planning. Please be assured that this suspension is temporary. We are committed to resuming regular distributions as soon as our financial situation stabilizes and improves.

Our primary goal is to ensure the long-term stability and sustainability of our business. By temporarily halting distributions, we can preserve capital, manage our resources more effectively, and invest in key areas that will drive future growth and profitability.

In the interim, we are taking strategic steps to strengthen our financial health, including cost-reduction measures, revenue-generating initiatives, and debt restructuring options. Our management team is dedicated to navigating through these challenges and emerging stronger.
We greatly appreciate your understanding and patience during this time. We remain committed to transparency and will keep you informed of any significant developments. If you have any questions or need further clarification, please feel free to contact me directly. (I will do my best to reply to your email in a timely manner.)
Thank you for your continued trust and support.
Sincerely,

Marco SantarelliFounder & CEONorada Capital Management