All Forum Posts by: Andrey Y.

@Andrey Y.  Andrey this the same deal you were posting about a few months back.. if so i would contact Kathy and see whats up.. its exactly as i thought it was.. seller financing so the debt was to the seller who then probably sold the notes to other investors.. so no recourse just bad deal 

Hi everyone, 

I really should know the answer to this. The obvious answer is to sue when someone has committed fraud. Unfortunately, that is an expensive time-consuming process. And when the company you're suing has shut down and apparently has no money, is it even worth the effort?

I happen to know that Preston Despenas, one of the partners of Growth Equity Group, is still doing real estate in Texas. I also heard Brett Immel was still doing business in Iowa, though I read an article that says he has been busted for lying during a bankruptcy hearing and may go to prison for 5 years.

Would it make sense to contact the S.E.C.? Any other government agency?

Basically, what these guys did to some of our Real Wealth Network members allegedly is:

- GEG showed RWN some of the properties they had renovated and leased out to prove their business model

- They told our members via a webinar that they buy, renovate and sell rental properties below market value to investors with 8% cash flow

- They said they offer non-recourse financing at 50% LTV

In reality, GEG sold properties that were not always renovated - even if the price point reflected a renovation. The non-recourse lender was actually the original seller who was financing - GEG was the middleman making a HUGE markup. GEG gave investors inspection and appraisal reports. (Unfortunately, the investor fell for this gimmick and did NOT get their own 3rd party inspections, appraisals or even visit the properties they were buying, against our best efforts to encourage proper due diligence and follow our check list for their own protection.)

So now some people are stuck with properties worth half what they paid (not all RWN members), with no renovation done, and constant repairs and vacancies. The problem is, they never got their own inspections or appraisals so how do they actually know if the renovation was done or not? 

I threatened GEG that we would go very public with this if they didn't fix the situation, and they said, "Go for it. We did nothing wrong." They claim the repairs were done and that the properties were worth more at the time of purchase but that the area has deteriorated since then.

Any help on this subject would be greatly appreciated!

We all have a better chance of dying in our cars going to buy a gallon of milk than corona. Oof... it’s all hype to freak us out, once again.

whats the worst he can do SUE  YOU :)  me thinks he will just calm down and try to rebuild his brand from abroad …. 

Clayton Morris Loses $7.2 Million Lawsuit against HoltonWiseTV

For all of you who've been following the case between myself and internationally shamed real estate dunce Clayton Morris, I've got some great news. His attempts to silence me and by proxy all of his victims who've been telling their stories on my show have failed. Today we won the case. The judge has dismissed his entire $7.2 Million lawsuit with prejudice.

I will post some additional information on this case throughout the day. The biggest take away here is that this case has set a major legal president. The judge has made it very clear that Clayton Morris and his legal team led by Wilmer Hale attorney's Louis W. Tompros and Christa J. Laser cannot try to silence Clayton's victims with legal battles like they attempted to do with me.

As many of you may have already seen I've got an additional video coming out this month with new information from another one of Clayton Morris's victims. It features new evidence that we've never seen before has Clayton Morris DEAD TO RIGHTS stealing money from this man. No question about it. Clayton Morris is caught RED HANDED.  

With this win all of you who've been reaching out to me and my team with your stories who've been too afraid to go on camera and get your information out to the public no longer need to fear a legal attack from Clayton Morris and his highly paid attorneys. Now is the time for all of you to go on the record and speak your truth. Tell your story and do not let this piece of crap Clayton Morris get away with trying to silence any of you any longer.

@Andrey Y. Taiwan is taking a huge amount of measures against CoronaVirus. Their Vice President was in charge of their SARS response. They are being very careful about whom they let in from China. If you are not a Taiwanese citizen, such as a child that chose Chinese Citizenship, they are not being allowed in.  Taiwan did not start their K-12 schools till they had enough masks for all kids, plus temperature testing equipment.  Taiwan News, at least the one my wife watches, is covering CoronaVirus left and right.

From what I have read, their measures seem to be the most effective.

https://q13fox.com/2020/02/10/seattle-city-council-unanimously-votes-to-ban-evictions-in-winter/

Thoughts?