All Forum Posts by: Tom Nagy
Tom Nagy has started 1 posts and replied 41 times.
Quote from @Jacob Thorpe:
That doesn't sound very rad at all!
Big REITs and youtube scammers are stealing peoples money, you could have invested with me on a partnership basis or another investor here and had more success and control. Oh well. Another poster gave 100k to a real estate youtuber and lost it all. Sometimes in life you get exactly what you pay for. I read posts like these and it upsets me. Seeing people trust in these big talkers, but some are still asleep on the real deal - boots on the ground guys like myself and others who have amazing deals and need capital.
I think there is an endowment effect where you purchase into a REIT or into a stock and you believe to own something personal, then when reality takes it all from you.. posts like these are made. People are abused. For some reason people lower the trust, when they see a massive institution or syndication. But someone you can meet, shake their hand, get your name on title... is met with more suspicion. Amazing.
Work with investors, developers, real syndicators not "content creators"! You can securitize with a fellow investor who actually knows his/her market for short term deployments and see a higher return, have tc take care of disbursement of funds, and securitize with JV title in common.. litany of other ways to securitize, to form, etc etc. Who wants to really make some money!?? Or just have this endowment effect which is meaningless and if it every pays you will take forever! blah! flip it and get your hands dirty! VALUE ADD BABY!!
I assume you are kidding as RAD is a complete scam and ponzi scheme and they aren't even trying to hide it at this point.
Quote from @Alan David:
this all is sickening, where is the SEC?
It appears they could'nt care less. I've pleaded with them and they do nothing month after month while these criminals steal more and more money
Quote from @James Miller:
looked up radd diversified on google maps...says "permanately closed" this is not good i dont think
We knew that a few weeks ago. They've been evicted for not paying rent. Dutch, of course, plays it off as "consolidating and moving office space to the golf course" which will be next to fall. It's Wentworth Golf Course if you want to look up their horrible reviews
Quote from @Jonathan Karas:
Quote from @Alan David:
so maybe beforeI die I could see my Im 76...so who knows
Don't hold your breath. Looks like we've been dumped like a bad boyfriend or girlfriend.
We definitely have. The next step for them is jail.
They are and its also a scam. Its called GoingPublic and RADD paid them to be on it. When you leave a negative comment on X about RADD, they delete it and block you just as RADD does everywhere else. Zero transparency
I can't speak for others but I'm not stopping until that happens. These people are a living example of what happens when you are poisoned by greed and perceived success at the expense of others.
I've also heard that they withheld social security, etc. from employees checks, but then never sent the money to the IRS. They don't care who they hurt and what damage is done. They will get what's coming to them at some point.
Sadly, you will never get that explanation. Dutch's unjustified enormous ego won't allow him to address the damage he had done. He is currently blaming his investors for their failures and actually soliciting an additional $20,000 from all IC members to help sue the SEC and, ironically, his investors who's money he has stolen. This is what greed does to someone with no moral fiber. Truly sad.
Quote from @Brent Mendenhall:
Nice returns are good.
They are when they are real. Returns are paper returns with no liquidity behind them. This company has no moral values and is a complete fraud from top to bottom. They have ruined many lives and not only do not care, they are continuing to scam people because of their own greed.
Quote from @Arthur Crum:
Good luck with that Arthur! I'm in the same boat and they simply don't care about anyone but themselves. Dutch portrays himself as the American success story and he's anything but having stolen who knows how much from hundreds of investors. He threatens to sue us for slander instead of making good on his promises and his God complex will not allow him to do the right thing. When a disgruntled investor showed up at a retreat to ask the tough questions, he had his thug security guards push him into an elevator and removed. If there is justice, anyone left working there will go to jail.
I understand your frustration with the current freeze on redemptions/distributions. We provided you accurate information on the current 1U Amendment to the SEC on our Redemption and Distribution Program. You have been provided the information and actual link to the 1U Amendment, but you still mischaracterize it within your post to this thread in your comment “the board voted to cancel all distributions”. Although I can understand you may just be using your own verbiage of the current freeze, but we have provided you the exact 1U Amendment and it is actually posted openly in this thread. We also provided you the actual link to the SEC submission.
We have held monthly (if not more) RADD REIT Update calls where our CEO has explained the timing and reasoning of the freeze, has answered questions and concerns, and the actions moving forward. We understand some investors may not open or read the email invitations for these calls, so we have addressed a more effective process to ensure no investor is left without know about the monthly update calls.
Additionally, I am aware that our Investor Relations Representative immediately reached out to you after your Better Business Bureau submission to ensure you understood and if you had any questions. Today you emailed Investor Relations asking us to make an exception in exchange for you to remove your reviews.
Please direct any additional questions you may have to Investor Relations. If you have an approved request to withdrawal your investment, it remains approved and will be implemented appropriately when the Board of Directors lifts the freeze.
Thank you very much
You keep towing that company line @Brent Mendenhall. Know this, I will get my money back. It's only a matter of time before that debt comes due and I promise you, I will collect.