10-07-2007, 02:57 PM
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Junior Member
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Join Date: Oct 2007
Posts: 14
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Originally Posted by re-foundingmother
Ok, MDH bills itself as a Point Of Sale Equipment/Service Company, not a real estate company not a mortgage company. They also tell their investors that revenue is being created by all these other products like digital advertising.
Who's their advertising maven on staff or what clio award winning company do they work with?
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...snip...
Ok, I asked for more info on the "bigger crimes" and the "other business areas". You respond by asking a bazillion questions. I got nothing from that.
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Does anybody know what MDH's mission statement is? and do we know it on paper with an executive summary or some other About Us FAQ? and I'm talking about a mission statement not a tag line that says "Together we all achieve miracles."
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In the middle of all this you start talking about "mission statements"??? I have *NEVER* seen a mission statement that was worth the ink it took to write it. The real mission of any business is to put money in the pockets of whoever owns the business. Saying anything else is just marketing.
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This "Money" by the way that was not theirs to invest, but borrowed money from a bank, just signed for with excellent credit. And since it is all electronic, we know that no one ever really put 100k of savings in some one else's account, it just showed up there electronically to be withdrawn more slowly after going to a RE settlement. No one ever actually touched those dollars changing hands.
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How does any of this make a difference? Money is money. Yes, the fact that it was borrowed may put some people in jeopardy of foreclosure and having their credit ruined. Is that your point?
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Google define:racketeering and see if anything here fits.
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Actually, I have never been able to find a good definition of racketeering. It would appear that if you commit several crimes from a laundry list, you are racketeering. But again, what is your point?
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When we invest with our dollars to make more dollars just for dollars sake it just really creates more debt. (Example, the Federal Reserve can just print more and flood the system.
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Ok, put on the brakes!!! The Federal Reserve does not print money. Even if they did, they couldn't just "print more" and get it into the economy. This is just so absurd in so many ways it is laughable. If the government prints more money, how would it get into circulation? Does the government go on eBay and buy stuff with it??? If they did, it would be just like counterfeiting. But they don't and it is silly, stupid and wrong to say things like this.
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Take a barrel of oil -- in 1995 it cost $55 in 2007 it cost $70. Did the oil change/get better or does it just take more dollars to buy the same quantity of the same product? One step further in this example is these MDH houses, over-paid for with bank's dollars, not investor savings accounts in order to rip off the bank's cash not create value and it is cash for cash sake not cash for creating valuable goods, products, services or education).
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Again, you don't understand that borrowed money is the same as saved money. Where do you think the borrowed money came from???? It came from "saved" money that someone gave to the bank in order to get interest. The bank loans it out at a higher rate than what they pay to depositors. The bank then keeps the rest. Theoretically the loan is secured. But when mortgages are made at 100% financing and have to be foreclosed, the mortgage companies end up loosing money and going out of business. But this is seldom true for "banks". They are much more conservative and are very unlikely to get into that same sort of trouble. Regardless, all of this has been discussed in regards to MDH driving up home prices which will be followed by a fall when the foreclosures happen en mass. In an already weak housing market, this is potentially catastrophic and could lead to a major local recession.
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You all might think that this is over the top or too much for this post or even that I am off my rocker.
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I don't know what to make of you myself. I think you are very emotionally distraught. But there may be something else. For what ever reason, you don't just come out and say what you have to say. You dance around it all for many paragraphs and make it nearly impossible to tell what you are saying.
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But the Pinnacle RE scam in Atlanta took 9-10 years to get through, people just caught and imprisoned this year and late 2006 and and affected lots of people plus their real estate market. And they weren't selling anything but real estate ponzi.
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Were they just caught this year, or the trial ended this year and they were imprisoned? It is not unusual for cases like this to take a long time to prosecute since the web is very tangled and difficult to unravel. In order to prosecute the entire operation has to be fully understood. Any mistakes could cost the prosecution.
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That is what I don't get. When it is so easy to do it the correct way, why does one choose to do it the wrong way?
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I would like to know the answer to that one. Or maybe I can propose that it was because the "right way" would only give them a good living, not the lavish, extreme lifestyle they have been having for the last year or so. Imagine how good it must feel to have hundreds of people applaud you at a dinner where you are the guest of honor because you donated tens or hundreds of thousands of dollars to a charity! Too bad it will be followed by an interminable period of being shunned, hounded and finally jailed!!!
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I hope there is some helpful stuff here and not just drivel. I feel strongly about this and maybe I have picked the wrong area to exercise that. I know I am not a journalist style writer and I appreciate the friendly nature of this posting board and I really want the "big picture" to develop some traction in getting resolved.
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I only wish I got the "big picture" you are trying to paint. Try taking off your "marketing" hat and putting on your "accountant" hat and explain it to us like we're six year olds.
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I'm a smart enough person who didn't invest money with them, but yet MDH has usurped my small business to destructive ends because I tried to teach and build and be the partner that I was looking for.
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I am curious. If you knew enough to not invest with MDH, why did you do business with them? Didn't you think they would end badly? Didn't you expect that you would have to use your association with a fraudulent company as a reference at some point? I am not trying to lay any blame anywhere. I am just trying to understand what you knew and when you knew it.
I don't know how much of your posts I can actually read. I pretty much read this one that I am replying to, but I looked at your next one and could not make myself read through it. Please don't take this as an insult, but the way your posts dance around the topic and bring in nearly irrelevant material looks a lot like the sort of stuff that MDH puts out. My suggestion is for you to pick one small point you want make and distill the thought down to the simplest, smallest kernel of that issue. Then write one paragraph on it and see if we can understand that more clearly.
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