This is what Pat was talking about.
Sent from my iPhone
On Aug 5, 2019, at 5:35 PM, treytennyson3 <treytennyson3@xxxxxxxxx> wrote:
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.
Trey
Sent 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@xxxxxxxxxxx
On 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
--
Bill
Dr. Bill Pritchard Pritchard Orthodontics
Cell: 360-921-1159 Tyler S. Pritchard,
DDS, MS
www.pritchardortho.com William J. Pritchard, DDS,
MS
drwjp@xxxxxxxxxxxxxxxxxx 2404 West Main St, Suite 110
drwilliampritchard@xxxxxxxxx Battle Ground, WA 98604