I have called the FBI. And I continue to go back to an article published where
Miles Mensker stated that they never recovered since 2008. They sold mine and
my mothers promissory notes to us in 2014 and 2017 and told us how secure these
group contracts were, no mention of any issues at that time? They should be
able to go back and show when properties were purchased and how the moneys were
used. How did he continue to make the monthly payments with this few of
properties and only $100,000 I believe is what showed in the bank. This is
definitely a Ponzi case in my opinion
Just wondering about the letter we received the Rob and Eva about joining in on
their case that is already filed, is this still and option? Hopefully they can
attend the meeting and let people know about this situation. The case was
filed before the receivership so this may give us some priority.
As I read it in the LLC organization since Ross is initiating this I would
think he is responsible for the attorney costs? Why are we paying for it? He
has mismanaged and not been truthfull about the status of the LLC. Was also
never made aware of investments in Mexico and as I mentioned before no LLC
documents or the disclosure documents given to me when I invested in the LLC’s.
I talked to one of the attorneys representing an investor, Susan Ford of
Sussman and Shank in Portland 503 247-1657. She recommended two attorneys in
the area, Nick Henderson 503 417-0508 and Tim Solomon 971 634-0194.
Hope this is helpful and look forward to an update from your meeting. Belinda
From: aem-vanc-bounce@xxxxxxxxxxxxx [mailto:aem-vanc-bounce@xxxxxxxxxxxxx] On ;
Behalf Of Neil & Marilyn
Sent: Friday, June 28, 2019 10:15 PM
To: aem-vanc@xxxxxxxxxxxxx
Subject: [aem-vanc] Re: Another option- Remove AE as manager and appoint
another manager
I believe someone did call the FBI and they were aware, but that doesn't say
they care. Good point. Subject can be brought up at a meeting.
On Fri, Jun 28, 2019 at 8:12 PM Julia Pond <juliapond@xxxxxxxxxxx> wrote:
I’ll say it again...the possibility of wrongdoing seems pretty significant.
Anyone who hasn’t contacted the FBI and made a report should do so. There is
the appearance of a Ponzi scheme (huge difference between liabilities and
assets), the story as to how this came to be isn’t adding up, AND it is very
wrong that Ross’ attorney is the attorney for the receiver.
--
Julia Pond
juliapond@xxxxxxxxxxx
On Fri, Jun 28, 2019, at 8:07 PM, Neil & Marilyn wrote:
Good thought. I suppose when we, whoever we will be, we look at your thoughts.
This first meeting is just those that meet. We may have no authority to talk
for others, but it's at start. Neil 360 903 0055 or nmr1311b@xxxxxxxxx
On Fri, Jun 28, 2019 at 8:00 PM Cbugas <chrisbugas@xxxxxxxxx> wrote:
Hello all,
My husband and I are reading as you have spoken among one another. We have
learned a fair amount. For instance: where are the payments that previously
were paid to investors-- where are these now going? And of note-- if 2008
bankrupted the mortgage pools, how did it take so long to result in the outcome
of receivership? If no wrongdoing, how in a positive financial climate ( one
person mentioned 60% loan to value) how was such a large difference experienced
between assets and debts?
I spoke with an attorney representing the attorney recommended by my brother.
The recommended attorney , StephenC.Berman was from Harvard law, so well
trained. But more to the point, probably, he was my brother's
colleagues'recommendation -- she herself a bankruptcy attorney. The issue is--
the charge seems exorbitant. The attorney who did my interview said they would
charge 300-700 per hour. I think the billing depends on the work they are
doing.
We are kind of with the person who previously said Hamstreet might be as good
as the next people to assess valuations and distribute fairly.
I could, perhaps recontact the representative attorney for Steven C Berman and
ask if he would be willing to meet one time to discuss. Or-- I could use the
one free hour offered to present the case as I understand it and see what his
recommendation is.
Chris and Jim
Sent from my iPhone
On Jun 28, 2019, at 7:13 PM, Neil & Marilyn <nmr1311b@xxxxxxxxx> wrote:
Yep Julia. Any advice from attorneys you talked and can add is good. If your id
Idaho, you'd need some advance notice of a meeting. I leave for Sawtooths on
July 5, so hopefully we can meet before that, else I won't be back til about
the 15th. But the meeting certainly can be without me. Maybe just as well! :-)
But somebody needs to get this started. Neil 360 903 0055 or email is
nmr1311b@xxxxxxxxx.
On Fri, Jun 28, 2019 at 7:08 PM Julia Pond <juliapond@xxxxxxxxxxx> wrote:
Thanks you guys. I am in Idaho or I would come and be on the committee.
Wonderful if you can get some legal advice. I have had a couple of attorneys
give me their time free so far. But if we had one that would represent us and
file motions and give advice that would be so great. And all chipping in, we
can afford it.
I hope we can get a motion filed to get the receiver changed, at a minimum.
--
Julia Pond
juliapond@xxxxxxxxxxx
On Fri, Jun 28, 2019, at 7:05 PM, Neil & Marilyn wrote:
My idea of attorneys is that we interview them, not be charged for the
interview. Need to know if they are up to the task and we all, who every we all
are, agree.
On Fri, Jun 28, 2019 at 7:00 PM Neil & Marilyn <nmr1311b@xxxxxxxxx> wrote:
I called him, but it was his office nbr and I left a message asking him to
call. He will! :-) He bought my last condo and he is a neighbor. Good fellow.
It's a start. Other than that, I would call the office of the woman that did my
will and ask her for a suggested attorney. There are others I can call too if
need be. Neil
On Fri, Jun 28, 2019 at 6:54 PM Neil & Marilyn <nmr1311b@xxxxxxxxx> wrote:
I have a thought on an attorney, but I'll need to call him. I think he would
help us get on the right track. I'll call him. :-)
On Fri, Jun 28, 2019 at 6:52 PM Troy Rendon <dmarc-noreply@xxxxxxxxxxxxx> wrote:
Neil,
I’ll get a hold of you tomorrow.
Does anyone know a good business attorney that would be willing to meet and
give preferably free advice?
Sent from my iPhone
On Jun 28, 2019, at 6:27 PM, Neil & Marilyn <nmr1311b@xxxxxxxxx> wrote:
Ok Troy, Thanks. My cell nbr is 360 903 0055. I'll hope to hear from a few
others and we can meet. I assume, and I understand assuming is not good, but
that most folks live in Vancouver, or just across the river in Portland. Neil
On Fri, Jun 28, 2019 at 6:24 PM Troy Rendon <dmarc-noreply@xxxxxxxxxxxxx> wrote:
I’m interested.
Sent from my iPhone
On Jun 28, 2019, at 6:15 PM, Neil & Marilyn <nmr1311b@xxxxxxxxx> wrote:
I do have some exhibit C's, but I'll have to go back to my safe deposit box and
bring home and copy. Outside of that, many ask for someone to step forward and
take charge. On that, I say let's have a meeting very soon, like this next
week, given we, whoever we are, have no given responsibility without a vote of
all of the 200 I would think. But let's get started!!! I'm willing to help get
the process started, but having a few other people in the loop, as in a small,
informal committee to keep things going in the right direction would be my
thought.Does anyone have thoughts on really getting started and just not
looking for someone else to do the job? Speak up everyone!! Neil
On Fri, Jun 28, 2019 at 12:44 PM bfranke <bfranke@xxxxxxxxx> wrote:
I see in the documents provided by Hamstreet, Exhibit C Limited Liability
Company Agreement, of which I never received a copy of when I purchased
contracts states in Article 3 under Members there is a 2/3 of owners required
for terminating Management agreement as I understand it. Also in reading
through this there are requirements for holding a meeting to notify everyone.
If one of the attorneys involved could help facilitate the meeting and
requirements that would be a good idea. Sounds like the meeting needs to be in
Portland, Or.
Article 16 Miscellaneous Has some interesting points. 16.9 Severablitiy. (If
a provision is invalid, illegal or unenforceable to any extent, and shall be
enforceable to the fullest extent permitted by law) 16.11 Arbitration.
(Controversy or claim shall be settled out of Arbitration Service of Portland,
Inc and judgement may be entered into the court) 16.12 Attorney Fees.
(Prevailing part shall reover from losing party reasonable attorney fees)
Is there a law that Members should have all received this Exhibit C on the set
up of the LLC. I also did not receive a disclosure document that is mentioned
in the agreements.
I am going to call Hamstreet and find out if management fees are still being
paid to American Equities and who is handling the incoming payments form
existing contacts. We have not received many details on what is really going
on.
I hope this info can be helpful for setting up a meeting. Is anyone working on
the motion that needs to be made in 30 days or setting up a meeting?
Thanks. Belinda
From: aem-vanc-bounce@xxxxxxxxxxxxx [mailto:aem-vanc-bounce@xxxxxxxxxxxxx] On ;
Behalf Of Robert Johnson
Sent: Thursday, June 27, 2019 2:48 PM
To: aem-vanc@xxxxxxxxxxxxx
Subject: [aem-vanc] Another option- Remove AE as manager and appoint another
manager
If the mortgages in the pools still exist, and the owners are still paying
them, then according to my contract we, as pool owners, have the option of
simply removing AE and appointing a new manager. Please check your contracts
and prospecti to see if you also have this provision.
Sent from Rob's iPad Pro
