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[San Diego Appraisers] - [24 Hour Appraisal]
[California Real Estate Bubble] - [California Foreclosures]
San Diego Real Estate Information
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September 06, 2006
John Mattes of San Diego Fox 6 News Attacked
Wow, I just saw on the news some Investigative journalist, John Mattes, was attacked while investigating forged purchase transactions where home were being sold to fake buyers. It appears identities were stolen and all purchase contracts and loan documents were forged. The properties were then rented out by the fraudulent party.
John Mattes is an attorney and reporter known for tracking down cases of deception and consumer fraud. He was attacked by Sam Suleiman. The video has Sams wife Rosa Suleiman initially blaming the media for all their problems. She then empties her water bottle on the camera and then John Mattes. Before walking off she appers to hit John Mattes with her water bottle before throwing it at him while leaving.
Just then Sam Suleiman drives up to the location, walks up and sucker punches John Mattes in the face and appears to be attempting to rip out his eyes. I can'tbelieve how crazy this video is. To top it all off Rosa Suleiman then says she is off to get the gun. Cops arrive and arrest the Suleimans.
You might need to visit Fox 6 News and search for John Mattes Attacked to see the video. Very bad news. It's getting crazy around here!
August 11, 2006
Real Estate Seminar Scams
It appears a 29 year old financial advisor, Jon W. James, raised more than $22 million through a series of fraudulent real estate seminars and workshops.
According to the SEC, the complaint alleges that people were told they could "retire in seven short years" by investing their Individual Retirement Account funds "to take advantage of the booming real estate market." They were told of very high annual returns up to 24 percent.
"The complaint alleges that defendants did not purchase any real estate or real estate-related assets from which to pay investor returns," claims the SEC. Investors were not told that James was using new investor money to pay returns to previous investors. He was stacking the pyramid in a classic Ponzi scheme.
"At these 'free' seminars, they promised unrealistically high rates of return in order to entice investors to transfer their IRA savings to the defendants for investment in purported businesses, which were largely nonexistent," said Randall Lee, director of the SEC's Pacific Regional Office in Los Angeles.
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