Pat,What information can I send and to whom about our investments? I am
disabled and unable to attend meetings. We started investing in 2015. I asked
how they select properties and was told by the gal that she selected them and
she was "very good"at selecting really good investments. Now we all know what
a line of crap THAT was. We were also contacted about a year or so ago to "let
us know that they had openings in a really good LLC pool if we wanted to invest
more" thank goodness we didn't have more money to invest with them!Denise Hood
Sent from my Verizon, Samsung Galaxy smartphone
-------- Original message --------From: Pat Witt <pat.witt@xxxxxxxxx> Date:
8/7/19 12:50 PM (GMT-08:00) To: aem-vanc@xxxxxxxxxxxxx Subject: [aem-vanc]
Re: Proposal for formation of new LLC and the end of Receivership TreyCould you
please ask Hamstreet today for the email list of all investors?PatSent from my
iPadOn Aug 7, 2019, at 12:41 PM, Christine Bugas <chrisbugas@xxxxxxxxx>
wrote:Trey,Belinda says she just talked to Hamstreet and they are considering a
civil suit. Might you ask who the civil suit is againstOn Wed, Aug 7, 2019 at
12:25 PM Julia Pond <juliapond@xxxxxxxxxxx> wrote:Thanks Trey. I am willing to
work on the “bird’s eye view” if that information can be obtained. -- Julia
Pond juliapond@xxxxxxxxxxxxx Wed, Aug 7, 2019, at 12:17 PM, treytennyson3
wrote:Julia, I agree completely. Hamstreet is working for us and should have
an obligation to share all of the info it has discovered. I will call them
today to determine their position on this.TreySent from my Galaxy Tab A--------
Original message --------From: Julia Pond <juliapond@xxxxxxxxxxx>Date: 8/7/19
11:25 AM (GMT-07:00)To: aem-vanc@freelists.orgSubject: [aem-vanc] Re:
[aem-vanc] Re: Proposal for formation of new LLC and the end of
ReceivershipWhat would really help (for every purpose we’ve discussed) is for
us to put together a bird’s eye view of all/each of the LLCs with a timeline as
to which chunk of money went in when. That would be at least half of the
picture, and factual (we have no reason to falsify, individually or
collectively).I am trying to think of software that could create and display
(in print or online) such a thing. The closest I can come is
entity-relationship diagramming software.But even if we could do a spreadsheet
for each LLC that would put us ahead of what Hamster is doing. (You heard me
right, hamster. For a $525/hour consultant he is a worse information manager
than a damn Kelly girl.)If we could get it into Excel, maybe there is charting
capability in that software from that.This information would have to be
collected anew, as I don’t think the proofs of claim are online or otherwise
accessible. -- Julia Pond juliapond@xxxxxxxxxxxxx Wed, Aug 7, 2019, at 10:15
AM, bfranke wrote:Chris, Sure sounds like a good summarization. The quantities
and qualities of properties sure doesn’t represent the 77m that were invested
by us. I know my funds weren’t invested until 2014 and 2016 so where is the
proof of properties purchased in these years? It sure seems like there are
enough assets/trust/insurance companies to go after in a civil suit. I know
there is still the avenue of a class action suit. I know people are not
comfortable with Hamstreet, but since we are paying for their work why don’t we
use their information and then add to it from our own investigation. We don’t
need to pay someone else to do what we have already paid them to do. The more
we fight what they are doing the more it cost us in their time. They may be
finding out how crooked and criminal this scheme really is and actually help us
a bit. If we find favoritism to American Equites we should be able to use this
in our lawsuit. And why the heck are we paying for Hamstreet and their
attorney. Ross should be paying for these costs. This needs to be included in
our lawsuit. Can there be a motion on the amount of money spent or the time it
takes to get this settled? Don’t we have a say so in the process if we are
paying for it? I talked to Hamstreet yesterday and was told they are planning
to have an auction of properties located in Oregon, Washington and one other
state in November. Why don’t they tell us this on their site? They are also
hiring an attorney in Mexico to find out our rights to recover on those
properties and they are suppose to be having a conference call the the
securities commission today. They haven’t been contacted by the FBI yet.They
said they may also pursue a civil suit at some point. Just passing on what I
was told yesterday. I don’t know if I agree with the plan by Mr. Thompson. I
think it is a good thought, but if the properties are like the ones in the
pictures we would just be taking on a headache and a lot of costs to bring them
up to be sellable. Finding someone to do the work and their costs. The only
thing of value is the contracts that are not delinquent and are paying a
monthly fee. If these properties were of value and could be sold why didn’t
American Equities do that and make more money for themselves. As I see from
properties that were purchased there was a fee paid to American Equities for
them and also continued to take out management fees on the interest payments.
More skimming of money. And their accounting methods of determining the value
of the properties are completely wacked so you surely can trust the values
given. On top of this we still have to come up with the moneys for legal fees
and investigation. This may be more money than the investors want to put up.
So we would need a calculation of costs per investor and not all investors are
going to have any money to put up. We don’t even know if we can come up with
enough money. Going back to the class action where no one has to come up with
money. The recovery is going to be less, but there is no money output up
front. If the FBI does anything I don’t believe it will be soon. They seem to
be slow to react and do not communicate with anyone on what they are doing. I
still believe we need to get a civil suit going asap knowing that we don’t have
to wait for the receivership. Let them get what they can get and we use their
findings in addition to our investigation against Ross and affiliates in a
civil suit. If Hamstreet is working for us they have to cooperate or they
could be legally charged I would think. I am far from an attorney and don’t
know legalities, but these are my common sense thoughts. We do have an
advantage of multiple minds to brainstorm on the best direction. Chris and
Trey have already done a lot of investigation and help on figuring things out.
Maybe we can negotiate a discount for all the work that has already been done
and the ability to use Hamstreets finding and the attorney that are already
involved to help out in the case. Whether we go with a civil suit or a larger
law firm I think this should apply. Lots of stuff, but maybe it will help in
some way with our decisions. I continue to believe we need to work together
and it makes us a stronger unit against this injustice. Belinda Franke From:
aem-vanc-bounce@xxxxxxxxxxxxx [mailto:aem-vanc-bounce@xxxxxxxxxxxxx] On Behalf ;
Of Christine BugasSent: Tuesday, August 06, 2019 11:13 PMTo:
aem-vanc@freelists.orgSubject: [aem-vanc] Re: Proposal for formation of new LLC
and the end of Receivership Genius! It preserves what can be preserved in
value of assets. These are a strange brew of trailer - trash properties
perhaps purchased by design to be farflung and a smoke screen for real assets:
the businesses with the same address as American Equities -- the "affiliated
entities." Glaring in plain sight in Hamstreets's table of unsecured loans is
Ridgecrest Development Inc, LLC -- we can see loans from AEM pools to build
the development. Makes one wonder: were the AEM mortgage pools a front all
along? Was the real MO to do development projects using pool monies as
needed? Was the reason it worked for so long that the investors in the pools
were using IRA's and reinvesting interest? As people retired, there was the
problem of new checks that had to be written as people wanted money. The pools
were used Ponzi- style for that But perhaps the racketeers were all in on it
and the real money was in the development of housing projects with pool money.
I know Tanner the assistant said Ross had one main rule: make a mil on each
housing project. Perhaps the pools were never to buy real estate that had
interest paying out to investors. Perhaps investors were paying investors as
needed and the bulk of the rest of the money was used to construct various
Ridgecrest type developments. Perhaps the pools were planned to be Ross's
bank. In conversations, he lamented that his 5 banks dried up after -08.
Perhaps we were the bank through the pools. Perhaps the two aspects of American
Equities are not separate. There were the pools. But there were the
"affiliated entities" of which Ridgecrest is one. Hamstreet alludes to the
affiliated entities' self dealing needing investigatory work 26 Oaks,
Ridgecrest, The LIghthouse, Tomoro, The Someday Fund, Marina Mexico, Valerio's
acreage...Perhaps with time and the resources that are left from the 77 mil
investment of investors: the mother lode can be uncovered. The answer will
take forensic accountants. It will perhaps take SEC and FBI and civil suits.
That will take time. Ross was either bad at his job or a crook. If he was a
crafty crook, he used pools and affiliated entities in such a way that he is in
possession of a pot of money. This plan appears to buy time while kicking
Ross's choice of receivership to the side. Miller and Nash lawyering for both
-- will likely hate to see their source of payment be usurped.&nbs
