11-15-2007, 03:22 PM
|
|
Junior Member
|
|
Join Date: Nov 2007
Posts: 4
|
|
Go back to 2005...
Quote:
Originally Posted by re-foundingmother
Thanks and it is all true. I, too, believe they will get away with it if people stop pressing for the laws that are already out there to be enforced.
I also feel that if the investigation does not include some of the first investors who've put 2, 3, or 4 "houses into the program," back in the beginning ... people who've been already planning their "short sale" which they are probably not really entitled to but are crying hardship now to further obfuscate the trail of paper and $$ and title etc., that the assets and cash will never be found or dispersed to those who truly lost money.
And, those first "employees" who are still there, who aided in perpetuating the lies, moving up in the ranks and collecting more than salary and company cars. Offices of some of the ancillary companies are still open and supposedly continuing business, even though they may not be soliciting investors through real estate.
Thanks. Re-FM
|
Its true...the first investors in this program were very aware this was a Ponzi scheme. How? The first 8 were pulled in from a meeting in Nov 2005 from the Bankcard Group. They were the "victims" that invested early and made money with that group. Andy actually invited all his victims to be part of this new scam so they could help "make their money back"
It's also true...the original cast of characters needs to stay in the AG's charges (I noticed their names were blacked out on the receiver site). They are Andy Williams, Rob Williams, Kevin Williams and James Anderson. The original employees (Yvonne Watts and Pete Garritty) were aware of the scam, participated in the scam both as investors, recipients (of the homes & cars) and to lure in new investors or take money to start bogus companies. They need to be investigated. In Spring 2006, James was kicked out (and later brought back in an ancillary company), the brothers Kevin and Rob took the original investment money from the POS Cafe account and launched PointNet. PointNet is just the new name for POSCafe and Billboards4ATMs. They kept the property (the Touch-N-Buy machines). They shared the POSCafe bank account for several months. In fact, the PointNet accountant (Carol) spent at least 3 months at the Dream Home office, going through their records to hide Rob & Kevin's involvement. She really needs to be investigated. Kevin, an officer of these companies, thought he was not liable for anything if he just said so and refused to personally sign anything (although they were signed by other officers and he was well aware of those signatures).
They all knew from the beginning this was temporary. Rather than stopping the fraud, they all worked to hide their part in it. They took the money.
They went to the meetings. They were introduced as partners, investors and board members. They are family. They talk. They all know what is going on.
Yes...obviously I know a bit. I was not a house investor, employee, partner or board member. Just a vendor...they will know who I am from my words. They are tricky...they are likable people. You want to believe them. You want to help them overcome their shortcomings. A warm, caring, trusting person is what they look for...that is the person they can take advantage of. That is a person they think they can use then destroy.
|