Ross and Minsker should be in prison. I won't go into detail just now. We need
to fill the coffers with at least $250,000. The sooner the better. $5000.
apiece may not be sufficient. (40 people times $5000. is $200,000.) I'll treat
this as another bank account. I believe Mr. Thompson will recover a boatload,
with help and money. Mike Peterson
Sent from Outlook<http://aka.ms/weboutlook>
________________________________
From: aem-vanc-bounce@xxxxxxxxxxxxx <aem-vanc-bounce@xxxxxxxxxxxxx> on behalf
of Neil & Marilyn <nmr1311b@xxxxxxxxx>
Sent: Friday, July 26, 2019 9:58 PM
To: aem-vanc@xxxxxxxxxxxxx <aem-vanc@xxxxxxxxxxxxx>
Subject: [aem-vanc] Re: [aem-vanc] Re: [aem-vanc] Re: [aem-vanc] Re: [aem-vanc]
Re: [aem-vanc] Re: [aem-vanc] RE: [aem-vanc] REMINDER-American Equities/Eagle
meeting—Thursday, July 25, 2019
He has by now become aware that criminal charges may well be facing him. He is
sweating! Good! And to all be aware that he likely has access to these
postings. Anyone could have given him access.
On Fri, Jul 26, 2019 at 9:55 PM Neil & Marilyn
<nmr1311b@xxxxxxxxx<mailto:nmr1311b@xxxxxxxxx>> wrote:
Ross is a damn thief. How could one ever believe his BS. He wants it stopped
because it's in his self interest!!! He is an accomplished at not telling the
truth.
e
On Fri, Jul 26, 2019 at 9:27 PM Christine Bugas
<chrisbugas@xxxxxxxxx<mailto:chrisbugas@xxxxxxxxx>> wrote:
I have just spoken with Ross Miles. His assistant, Tanner Wideriksen contacted
me just after that meeting in Tigard last night by phone, started talking
about a report he had heard of the meeting and stated that he wanted me to
know that Ross was just a bad property picker outer, that he made mistakes and
that the 08 crash happened and the properties that were contracts for all the
pools were suddenly worth 1/2 what they thought initially that they were worth
and thus: all pools were based on properties with little value. Ross pumped
his money in and still it did not work to make enough money to supply the
monthly pay outs nor the occasional larger cash outs. Tanner stated Ross did
not have deep pockets, there would be little assets and if we hired lawyers our
money would be in vain.
Tanner and I were again talking tonight as he had asked to meet and was
changing that to a call: said that I had too many questions and that he was
100 percent certain that Ross was an honest broker and asked whether I wanted
to be in a 3 part conversation with him. He then dialed up Ross, put me on
hold then included me in a conversation stating that I had quesitons of Ross
and please go ahead and ask them.
I asked if he would stop the receivership and he said that he was under a court
order not to do anything to stop the receivership. He said the receivership
had gone through every asset that he has and is in the process of selling them.
He admits that his attorneys are in charge and there are a lot of them and
they expensive, more than 1 and 700 an hour and that the receivership was the
only way, when he found himself without enough income providing contracts --
that the receivership was the only way to make the distributions equitable in
their distributions to the owners. (If any money left after Miller/Nash and
after the receivership billings)
I believe that the lawyers and the receivership are, as Trey puts it, hastily
selling everything they can -- or preparing to do it -- without regard for, as
Ross had put it -- the fact that with a little bit more money a property might
go from almost ready to support a housing development to being ready to support
a housing development with sewers and water and all.
Today I was contacted by Julia Pond. She and her father were involved with
Ross in Mexico. In 2015 they were double crossed and it was their money through
a Mexican Pool that built a marina. They fortunately had hard assets to tap
when Ross went "bankrupt" with them so they are involved with the law and
trying to use the marina and Am Equities to be made whole. (Did I get that
right Julia?) She called him a gold plated crook.
But I digress. Ross and Tanner on the phone call that ended about an hour
prior to now, stated that they wanted me to know that I should not use money to
support any legal effort to tap his assets as he is broke and has no assets.
He said he has no boats, though in speaking with someone who was in his home 2
weeks ago, he had 4 in the garages and a moderately large one in the drive.
I asked Ross where the money went. He said that from 2003-2008 it all worked
well and then after, it was just a drain as all properties went to 1/2 value.
When asked about Belinda Franke putting in a large sum in 2017, he demurred.
He said he could not be responsible for others in the organization that
misrepresented the pools. I asked about us, why he put us in the Pool 600 US
in 2012 if it was worthless in 2008. He said he though it would recover, that
he had perhaps been too rosey.
He said that it is all a big misunderstanding regarding the home he recently
bought Beverly Miles, his soon to be ex - wife. Notably there is a second
house near there that Ross owns, recently purchased, reported by a real estate
agent. in our listserve, Sherry Beattie.
We are in to help with the lawyers' fees. We are owed less than many of you,
just 100,000 from Pool 600, with more at stake with Parklands, But we are
supportive of the greater good, the good, for instance, for the sweet woman
who spoke from the heart last night and said she had just 20,000 left and could
not afford to help out as she was entirely fleeced of her savings. If that
woman is listening I would like to say that when I am at your age, I hope that
I am in a meeting fighting for what is right as you did last night. We are
here to help you as you helped last night with your zest for life, your clarity
of speech.
Notably today on the phone call of about 30 minutes with Ross, he said that
"those folks mostly lost their interest, not their principal", that they
invested at a time when he did not understand he was insolvent. I asked about
Belinda Franke who lost many hundreds of thousands of dollars in 2017, long
after 2008. He did not have a response.
Ross also said there are 2 forensic accountants he has been working with to
identify all assets and Hamstreet receivership is using Ross's cooperation to
try to get these assets on the market post haste.
But my husband reminds me that Roy Thompson last night said that to his
knowledge, there were no forensic accountants at work for the receivership. I
would wonder whether Mr Thompson or Ross is correct. At our first mtg at the
Red Lion Inn, the Hamstreet speaker, Mr. Hamstreet I believe, stated that he
was not in a position to try to figure out culpability and had not intention of
doing so. He was, rather, there to liquidate. To sell. The receivership is
costing 140,000 per month, they need to be selling assets to get paid.
Last night Roy Thompson stated that Ross did not file for taxes in a very long
time. He may have been making little enough on paper to have been exempt but
even if exempt, you still have to file. That, together with the skimmed off
profits (from liberal interpretation of "bonus payments" as detailed on
prospectuses (sp?) could be the how and the where of the money gathering by
Ross. Roy Thompson was talking of the immense difficulty finding the money as
it likely is in Mexico and he has no experience in Mexico and so the fact that
there are no taxes filed, profits may be hidden in foreign asset vehicles---
this was not heartening.
I asked Ross if it was possible that he spent just 3.5 million on contracts
for pool 600 and had had 26 million in investments. He said "it is complicated
and I would understand in the end after the truth comes out".
Trey, I am wondering whether you are stopping the receivership cold or are you
just stopping the receivership with relation to pool 600? Roy the attorney
last night who lead the meeting said that the pools will have to all be one big
pool. What do you say about this? Or, perhaps you should not be imposed upon
any more than you already have with questions by me.
Good luck on August 2nd.
Mercy on us all,
Chris Bugas
On Fri, Jul 26, 2019 at 4:49 PM Trey Tennyson
<treytennyson3@xxxxxxxxx<mailto:treytennyson3@xxxxxxxxx>> wrote:
The investors need to come together to file a lawsuit which includes a
restraining order that prevents Ross Miles and other principals from selling or
otherwise disposing of any assets, ASAP. I guarantee that is in the works
as we speak. I was unable to listen in on the conference. Was there a firm
there that is large enough with the experience to go after these folks and
pursue the assets through collection? If so, please give me their name and
I am happy to speak with the head honcho and do some due diligence for the rest
of the group.
Trey
On Fri, Jul 26, 2019 at 3:16 PM Sherry Beattie
<sherry@xxxxxxxxxxxxxxx<mailto:sherry@xxxxxxxxxxxxxxx>> wrote:
Hello
FYI
I emailed Chris the properties info Ross has interest in the Clark County or
has bought under a different family name this is a ranch home in RIDGEFIED
bought for his soon to be ex wife Beverly
I also emailed the address of one of his properties in Cabo. He also has
another condo in Palmilla. Near Cabo but I do not have address
I have been in touch wth someone who as told me he also has property in East
Cape that he is currently trying to sell. I think it’s land.
The friend of Ross also told me he is trying to sell a lot of his assets and is
very stressed.
His primary property in LACENTER is not for sale yet but may be on the market
shortly.
Sherry
Sent from my iPhone
On Jul 26, 2019, at 2:58 PM, Pat Witt
<pat.witt@xxxxxxxxx<mailto:pat.witt@xxxxxxxxx>> wrote:
AEM Investors,
Yes Bob Kalmbach and myself, Pat Witt would be ready to send $5,000 for the
attorney Pool. We agree this Pool needs to form fast. Can an email to ALL
INVESTORS get composed and sent out soon! If I can help in any way please let
me know. I don’t think I am a good candidate to compose it, maybe Trey? I would
certainly help in any other way. The phone call yesterday was great! Thanks to
the attorneys and Johnson’s big time! I did hear a few of you comment, and
thanks to you all as well for making it there.
Of course the hearing coming up August 2 is going to be very important. If we
could get a notice out to all investors informing them of what we are trying to
accomplish and the short time frame we have.....waiting for the hearing and
hopefully getting the answer we need, the ones that can pay the $5,000 could be
ready and prepped to make the next step and hire a team of our choice.
Hamstreet will only bleed all money and we would be left with very little or
nothing. These attorneys have a strategy that very well could work. If they
were successful and we ended up with half of our principal we all be way ahead
of where we will go with Hamstreet. As Bill Pritchard pointed out yesterday if
100 members could put up $5,000 each we would have $500,000. The attorneys said
that would be strong enough to hire the best team. This case will take very
experienced experts to unravel, especially since no tax returns were ever filed
by AEM they left absolutely no trail. Many investors that may not know what is
going on like the man yesterday at the meeting. He admitted he was clueless and
there is probably others.
In these following days up to next Friday maybe we could find a way to reach
everyone and inform them? Time is of the essence could not be stressed enough.
I am certainly open for comments, suggestions, anything to keep communication
open.
I feel yesterday was a ray of hope and I am willing to help in any way possible.
Thanks !
Pat Witt and Bob Kalmbach
Sent from my iPad
On Jul 26, 2019, at 11:06 AM, Denise
<dmhood@xxxxxxxxxxx<mailto:dmhood@xxxxxxxxxxx>> wrote:
Thank you Belinda,
Well said. Even if those that don't have several thousand dollars to contribute
Maybe even a few hundred dollars. It will all be kept track of and paid back
1st.
The important thing to remember is that we are all in this together and must
stand strong together to have the best outcome.
Trey Tennyson is working hard on this on his own time. God bless him. And I am
sure there are a lot if others working behind the scenes.
Denise Hood
Sent from my Verizon, Samsung Galaxy smartphone
-------- Original message --------
From: bfranke <bfranke@xxxxxxxxx<mailto:bfranke@xxxxxxxxx>>
Date: 7/26/19 10:31 AM (GMT-08:00)
To: aem-vanc@xxxxxxxxxxxxx<mailto:aem-vanc@xxxxxxxxxxxxx>
Subject: [aem-vanc] RE: [aem-vanc] REMINDER-American Equities/Eagle
meeting—Thursday, July 25, 2019
To: Robert and Eva Johnson and their attorney from Thompson and Bogran:
I just want to thank you for having this meeting and thank your law firm. The
gentleman speaking at the meeting was very informative and had excellent advise
about our case. It was a bit hard to hear on the phone, but we could get most
of what was being said. I hope there is a recap that can be sent to everyone
also.
I would like to add that I just had an interview this morning with Robert
Kondrat from the Washington Securities Commission and they are already
investigating this case. I know Trey is following up with him by phone and I
am sure he will be getting information from more of the investors as time goes
on. He said if anyone would like to write up a chronological story of they
investment or personal relationship with American Equities or any of it’s
employees, that would be helpful. His email is:
Robert.Kondrat@xxxxxxxxxx<mailto:Robert.Kondrat@xxxxxxxxxx> 360 902-0503.
The most important thing I got out of this is that we are going to have to
fight for our money back. I believe the attorney’s involved so far really want
to work for us and feel confident in our case. It is going to be necessary to
get a larger law firm to head things up, but the other attorneys can still
contribute. We are going to have to trust them and be in it for the long haul.
At lease we have some hope. With the receivership and their high fees we will
be lucky to get 10% of our money back.
Myself and my mother are on board to contribute the $5000 each and feel this
is not a substancial amount for what our recovery should be. It is so
important for everyone that can contribute to do so quickly so they can start
discovery on the assets before they are not recoverable. We do not want to
give Ross and company more time to plan for this. After the August 2nd court
date we should have a direction for proceeding and we need to all stand
together in this lawsuit. I would like to ask that the attorney’s fees be
recovered in the lawsuit and damages over and above our investments for loss
interest and stress. I believe the elderly abuse should be considered also.
I think a letter will go out telling us what to do and where to send the money
for a lawsuit. If even ½ of the investors can contribute we should be in good
shape. Hamstreet is already asking for approx. $173,000 for 1-2 months and it
has only been a month so paying our own attorneys is going to be much cheaper.
We do not want a fire sale. There is still money coming in from properties
that could be utilized to pay us back if we don’t have to pay them all out to a
receiver and their attorney. I was told by Hamstreet that there was around
$100,000 in the bank and about that much coming in monthly from property
payments at this time.
Thank you again for these efforts to help all the investors to band together.
Belinda Franke
580 364-6592
From: aem-vanc-bounce@xxxxxxxxxxxxx<mailto:aem-vanc-bounce@xxxxxxxxxxxxx>
[mailto:aem-vanc-bounce@xxxxxxxxxxxxx] On Behalf Of Robert Johnson
Sent: Wednesday, July 24, 2019 11:47 AM
To: aem-vanc@xxxxxxxxxxxxx<mailto:aem-vanc@xxxxxxxxxxxxx>
Subject: [aem-vanc] REMINDER-American Equities/Eagle meeting—Thursday, July 25,
2019
REMINDER
Dear American Eagle Mortgage investors,
My name is Robert Johnson. My wife Eva and I wrote to you previously to gauge
interest in a lawsuit against the individuals responsible for the American
Eagle Mortgage debacle. We have received inquiries from several of you and
believe there is sufficient interest to go ahead with a meeting to explore our
legal options.
The meeting is scheduled for July 25, 2019 from 4:00pm to 7:00pm at the Oregon
State Bar, 16037 SW Upper Boones Ferry Rd., Tigard, OR 97224, Columbia Suite.
We want to address several points:
1) Selection of a legal team
2) Legal options available (presented by our legal experts)
3) How to collectively reach out to law enforcement, and other federal and
state agencies.
4) Creation of a fund pool
If there is sufficient interest, we will be ready to move ahead immediately.
The scope of this project may require involving several law firms. We will
bring a representative from my legal team, Thompson and Bográn, PC. We
encourage you to bring your own counsel if you have one as well. One important
area we all must address during this meeting will be anticipated costs and
expenses (which would necessarily include attorney fees, legal filing fees,
depositions and other reasonable legal costs) that would likely be incurred
over the course of any litigation. As you might expect, such costs would be
onerous if incurred individually. That is why we wish to discuss during the
meeting, the creation of a general fund pool to which we would all contribute
to cover the legal fees and other costs mentioned above. To this end, please
bring a list of the AE pools you belong to and how much you are owed in each.
Your latest statements or 1099’s would be most beneficial.
We look forward to seeing you at the meeting.
Sincerely,
Rob and Eva Johnson
Sent from Rob's iPad
