It would help if we had more information to pin down when the apparently
unsecured loans to the other LLCs were made from the AEM 600 fund , as well as
the over 3 million in unsecured loans to Valerio Gonzales. These were uses of
funds never authorized by the investors, often just made to help other funds
make payment to their investors. They were fundamentally different
investments then we were sold. That is clearly fraudulent when done, and
fraudulent when it continued to be non disclosed as we all put more money into
the insolvent Ponzi scheme process.Ross Miles is clearly the head honcho who
directed all of this, but multiple members of American Equities and American
Eagle Mortgage Management (run by the same people) had to work together to
make the transfers of money and property. We Will find out more in litigation.
We should be able to track down when the loans and other transfers of money
(maybe just moved without any loan documents) from the receiver. I will
contact the receiver to find out what he can provide. He knows we have 3rd
party claims against Ross and others and was clear about this in his
report.TreySent from my Galaxy Tab A
-------- Original message --------From: Julia Pond <juliapond@xxxxxxxxxxx>
Date: 8/5/19 5:15 PM (GMT-07:00) To: aem-vanc@xxxxxxxxxxxxx Subject:
[aem-vanc] Re: [aem-vanc] Re: Address for Court proceeding 9 am tomorrow,
8/2/19 ? We as investors were defrauded, at the minimum, when the management of
our LLC changed as outlined in the Receiver’s report, to wit, from AE to AEMM.
I was never notified of a management change or the intent to loan millions of
dollars to other LLCs or people. Who can be made responsible for that? They
published one thing and did another. -- Julia Pond juliapond@xxxxxxxxxxxxx
Mon, Aug 5, 2019, at 4:05 PM, Bill Pritchard wrote: Several particular aspects
of Friday’s court proceedings to point out. 1. Judge Gregerson was more
interested in the speed of the court process than in delving into details of
AEM Receivership authorization. It was very clear he didn’t want to become too
overwhelmed in the complications of a complicated fraud case. 2. Judge
Gregerson commented on perfection at the cost of the good. This was said in a
courtroom in America. Absolutely stunning to this layperson. Why in hell is the
word “perfection” coming from a judges mouth? Who’s perfect? What’s perfect?
Nothing! What he should have said was “rights” at the cost of the good. Legal
rights are what courts argue about all the time. Perfection? Never. What
arrogance. 3. I have thick original copies of AEM Subscription Agreements,
Operating Agreements and Management Agreements. Why are they so thick? Because
they determine what AEI (not AEMM) management can and cannot do. It appears
that Davis, Wright, Trumaine who wrote those glorified legal docs must have
been paid by the page. By Judge Gregerson’s criteria, each doc could be one
page, one paragraph, one sentence. “AEI as manager of those infamous LLC’s can
do anything they damn well please in all their management wisdom.”4. With the
loss of $70M dollars, the comments of a few or even a single investor was not
worth the time of day. Judge Gregerson insulted every single investor at that
hearing. Such glibness and condescension. 5. Every single investor must be
actively involved in the criminal prosecution of Ross Miles and every principle
player at AEI. It is not possible to carry out such malfeasance and fraud
without almost every employee participating, I might exclude the janitor.6. We
need to meet & deliberate on who can be pursued for compensation. What are all
their names, where are they, what do they have and determine if there is enough
money to be found to make a suit affordable, then sue everyone involved. If the
cost of pursuit is not worth it, then we have to decide not to pursue. But
before that decision is made, we need to know more. 7. Personally, I wonder if
Friday's decision is worth appealing? Or even possible. I know I invested in
LLC100 for the purpose of pooling money to be loaned out to borrowers who put
up their property as collateral. That’s what I did in the ‘90’s when I invested
in single mortgages. I invested in mortgages. I did not invest in property to
be sold. I never had to sell a property to get my investment back in the ‘90’s.
Selling was the last option to used as a remedy for collection. Enough for now.
Sorry to go on, maybe it’s therapy. Stay in touch,Bill Pritchard-- BillDr. Bill
Pritchard Pritchard OrthodonticsCell:
360-921-1159 Tyler S. Pritchard, DDS,
MSwww.pritchardortho.com William J. Pritchard, DDS,
MSdrwjp@xxxxxxxxxxxxxxxxxx 2404 West Main St, Suite
110drwilliampritchard@xxxxxxxxx Battle Ground, WA 98604
