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10-14-2007, 10:51 PM
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The funds were included in the mortgage obtained by the buyer, many were re-fi's, so they should be refunded to the buyers The slow response by the AG is a shame. The siezure should have happened weeks ago. If you read the article on fredericksburg.com, it says they went to sieze assets 3-4 days after the court order was issued and the whole procedure was delayed further because noone answered the door!!! (tipped off?). Thats BS! No coverage in the local media? This stinks like hell. We're still just scratching the surface here. There's more to this ........... 
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10-16-2007, 06:25 AM
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There was more than one way that this scam has been allowed to continue. There is more than one way that people were "sold" on this investment strategy. I do not know how to post links in these posts... maybe Sage could help with next paragraph? Please check the article already listed about Metropolitan Money Store and please check the article in Oct 14 Washington Post "The Get-Rich Pitch then the LetDown" by Michelle Singletary. If no one thinks these people know each other and their schemes are not related in the same communities... there is no such thing as co-incidence, people. And I hope that the feds and AG's are looking at that connection. The coverage by the media or lack thereof is no accident either. What are big problems to you and I are still small business "potatoes" and happening in mostly minority communities. These predators know that while they are "keeping it at home" and under the radar of Big Business (under $150Million) and Big Brother, the media will drop off mostly because there is always a market for the unsophisticated investor to take advice from the wrong source and thereby stay at the bottom... by just cutting their losses and moving on eventually because there is no easy way to complain or to exact justice and regular people would rather regain a quality of life that doesn't include fighting everyday. It is an arduous process to complain to DLLR or go file a small claim or expensive to get an attorney and there are so many loopholes (possibly intentional design) to make it hard to pursue the wrongdoing. And many people don't understand or even know about their rights, or the new Maryland Foreclosure Consultant bill of 2005 for example. I think Senate Bill 761 or 671. The punishments are listed as high but enforcement is low because only individuals complain. And the scammers get through the loopholes by saying they support the original idea. Look at www. mdforeclosurelaw .com (or as it will direct you when typed in correctly Platinum Financial) and see if any of the company's activities or people are related to any of the three other companies listed here, MDH, Metropolitan Money Store and Financial Independence Group. I think you'll find that they are. Or maybe they are legitimately trying to be the do-gooders but they certainly know about the scams surrounding them and have done nothing with their "good works" to help eradicate the scammers. And it doesn't stop there. This is what I meant earlier about crossing all the different businesses... all these scam companies advertise on the same radio stations, same pennysavers, same community meetings. Scammers give their "earned" advertising dollars to the entities that we want to investigate and cover them. And even more on the internet or with JV's with all those MLM companies -- stealing the credibility of the source by paying to advertise there. Hmmmm.... At least for what I know about the POSCafe "system," they were planning to control advertising delivery in many retail locations with new media and digital signage and that that part was the most expensive and the most "supposedly" lucrative part of their investment package, i.e. reason to loan money from your home sale or mortgage. (meanwhile actually developing an advertising company is pretty slow and low revenue at first and you need more than one trick up your sleeve, especially when you don't hire well -- again, on purpose to not develop what you say you are developing) When I saw on couple posts that MDH was listing as one option to get out, an ATM, I nearly laughed out loud. Bank of America just announced raising fees for their ATM's. And MDH just offered ATM's as 1 of three options to get out of the $50k loan. Are different groups preying on the same consumers? Or are they modeling each other? Does AHW have any basis for his thinking that if the Big Guys can do it, why can't I? The media is absent mostly because they'd have to take on the big guys too in order to cover these "small business" transgressions. But we just can't label everyone a conspiracy theorist, can we now?? You bet there are high people in high places hiding some of this and not for the reasons you expect. More will come out about the MDH mortgage issues of course, but the lending institutions themselves are having widespread problems that the media will cover instead, so please expect it to take a really long time. And guess what? they are the same basic content issues just different context. I mean, if you were the Media, why wouldn't you cover Donald Trump's bankruptcy or preforeclosure status instead of mine in Prince Georges County? And yes, with all the traveling and parties at the big hotels and other states "waiting" to follow Maryland lead, the assets of cash are mostly used up and having the time to disappear, even overseas. Several of the enablers and the investors themselves are helping with that by continuing to support and continuing to use a blind eye and the employees that are also investors are still saying that what they are doing is right. AHW has been charming, charismatic, good fund-raiser, and instilled a great deal of loyalty toward the "little guy just trying to get ahead like everybody else." And he had great models for less than stellar integrity in the industries he tried to join. Several times. If the media had covered the 2001 Bankcard Group scam even more but the AG still just slaps a wrist, why do we expect round two across 8 states to be different? The prosecution and investigation costs too much. And the small business person or small band of investors just isn't worth it. And the media makes more advertising dollars by covering Britney. Plus too much media coverage would dilute the "due process" that our scammers are entitled to. And while the individuals (like many of the posters and investors) keep that status of low profile instead of banding together much sooner to stop the problems when they see and question them, the media just won't call you back unless your name is Britney. Last edited by re-foundingmother : 10-16-2007 at 07:12 AM. Reason: typo error
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10-16-2007, 02:44 PM
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Mc Hammer Syndrome
Hey Guys Amazed That You Are Still Hear. First Of All I Want To Say I Have Only My Personal Opinion On This Mess. No Fact. I Dont Believed Andy Set Out To Defraud Anyone. I Believe He Thought He Could Use The Money To Invest In Multiple Things To Pay People Mortgages. But He Sufferrs From Poor Management And Tried To Put Family Members Into Key Positions Who Were Not Qualified. The Problem Is More About Mortgages. Andy Came Up With An Idea That Would Have Paid Off Mortgages In 5 Years. You And I Know That The Rich Bankers Of The Usa Doesn't Want This. The Want You To Pay 950,000 In Interest Over 30 Years Thats How They Become Rich.
Im Not Defending Andy Im Just Simply Stating They Dont Want This Plan To Work. And Based On Real Numbers It Probably Wouldn't Have Worked Anyway. There's Some Money Some Where. And Trust Me Maryland Is Soft He's Not Going To Jail. They Just Want To Know Where's The Money. So They Can Make Sure He Doesnt Pay Those Mortgages They Could Have Easily Put Him In Jail A Long Time Ago
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10-16-2007, 04:52 PM
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Yeah........we're still here. Glad you are still posting. I do value opinion from those with 1st hand exposure to this. Do you believe that most of the other investors feel the same as you do about AHW's intentions, the Big Bank Conspiracy, etc? One other comment about the media......the Post IS covering MMS and the Fredericksburg paper IS covering MDH, even though the Post broke the MDH story, so that seems inconsistent with Re-f's explanation of the story not being big enough or being too local.
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10-16-2007, 08:24 PM
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No Most Dont Believe It, The Mortgage Theory, Hell I Dont Believe It Myself But Its An Option. I Believe The Wash. Post. Is Not Making A Big Deal Because They Are Not Sure The Have The Whole Story. Like I Said Before Alot Of Us Investors Got Real Gready And Over Did It. Sorry At Work Have To Go I'll Finish This Later
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10-16-2007, 08:40 PM
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So Much Evidence And No Arrest That Bothers Me. They Want A Receiver To Go Over His Books, Not Going To Happen. Lets Face Some Reailty, Everybody Wants To See His Books, Yeah Right If He Has Any. If He Was Doing Everything Right He Would Have Some Books And Maybe We Could Find A Way Out Of This Mess. And Get Our Mortgages Paid Or Our Money Back. Earlier I Know It Was Stated That Andy Was Offering Three Options Which Did Not Include Paying Your Mortgages. Thats Because They Dont Want Andy To Have Anything To Do With Paying Mortgage, But The Have No Problem With His Supposely Metro Dream Car Program Where He Pays Your Car. Hell I Dont Know Whats Going To Happen, Conspricy Or Not, If Andy Stays Away From Mortgages And Pays Back The Money (i Dont Know How) He Will Keep His Freedom. I Would Also Like To Know Who's Tipping Him Off, He Knew They Were Coming And Thats Why No Body Was There. They Would Not Have Found Any Financial Records Anyway. Those Files , If There Were Ever Any In The First Place Are Long Gone. Andy Had Maybe A Good Idea To Pay Mortgage But A Stupid Plan Which Included His Dum Mc Hammer Friends Like Issac Smith , Which By The Way Is No Where To Be Found
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10-17-2007, 12:46 AM
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Isaac Smith
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10-17-2007, 04:42 AM
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I didn't mean to imply that the stories weren't covered at all; obviously I quoted 3 articles in my last post. And I join you in Kudos to Cathy Jett specifically. I just tried to respond to the comments about "where is the media" on all this because several said it was so sad that there was so little coverage. I think Prince Georges County is hit pretty hard right now with the big banks changing their tune, the sub-prime mortgage down turn, mortgage brokers with unscrupulous tactics and large backend fees generally, and then 3 specific scams in the midst that are also wide spread and mirroring several others. People gravitate to someone that will help them and no one has perfect situations. I agree with HardKnockLife, that Andy may have had reasonable intentions at beginning and thought he had a plan. But the documentation has not been there and the contracts written amatuerishly turn out to be unenforceable. If you don't have time to do it right, when will you have time to do it over? And what I can't understand is that when he has gotten information on how to do "it" better and avoid breaking the regulations, why would he continue to do it the wrong way and get the auditors breathing down the neck of the company? That is where I go a separate way from HardKnockLife. At some point along this way, AHW decided to build more fires than he could put out and he and the companies look busy without any results except more "get-rich quickers." He intentionally showed higher returns for the other businesses (ATM's and the Advertising) in order to get the homebuyers and homesellers to invest with him. The data on slower more realistic returns has been available and presented to him and he chose to ignore in favor of pursuing his plan. So we shall see how far this does go as the week progresses. As has been stated here, most are waiting to see what Maryland AG does.
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10-17-2007, 05:27 PM
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Where's The Dough
Im Going To The Court Tommorrow, Mr. Williams Spent The Weekend In Jail Because He Didnt Turn Over His Books. What Financial Books,
There Was Nothing There. I Heard That There Was Less Then A 1million That Was Frozen, Where Is The Other 50 Million. The Money Has Got To Be Some Where, Because He Has Nothing To Show For It. There Are Going To Be At Least 800 Homes On The Market, Not Mine I Cant Make It With The Grace Of God. Dam, "its A Hard Knock Life"
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10-17-2007, 05:34 PM
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