Just to handle the blown out tires, bent wheels and broken axles.
I'm heading down this weekend to recover my Jeep Wrangler back to Yuma. Seems to have a major issue with the right rear axle leaking juice into the brake drum and slinging it all over the wheel well. That's due to five trips down and back on that 45 minute road trip this past winter and spring.
JJ
The potholes had been repaired to a shocking degree north of the checkpoint....but a few grandes south.Marines were stationed at the alduna...masked...might help sales...everyone loves guns and men in uniform
Made it to Playa Paloma in the Raptor in 45 Min From the Mayan turn off............get thumbs up for going fast in the thing, not likely if your driving a Prius.
Did someone say Trophy Truck on the beach? I ran some incredible dune lines in the Raptor north of Playa Paloma......Could make a SWEET video
down there with 0 impact on the land as its all sand and in 6 hours the evidence will be gone.
Sorry back to the Dirt ball fooling all of the weak people.....
Even my Brother who has been to Rocky Point 100 times and sees the construction delays
tells me the other day,"there is a big investment opportunity at the home port"
Goes to show you what a little marketing will do and most likely the people that go for it will have 0 Recourse.
Were looking to build a house on a lot with a bank trust, My research tells me that this is a "safe way" to invest in mexico.
Flame away.
Cool Dan! Just bring you sand blower attachment to get in the old garage at Paloma. I love the big brown house with the 5 ac units on the roof...what does it cost to cool the beautiful beast! If you are down my way drop in!
Will do, were going to look at the lots we have picked out one more time then lock one down...... Hopefully coming this or next weekend.
You get to cook the fish!
Dan, why did you decide on Paloma? Be careful with new developments rather than the established beaches. We purchased a lot so we could customize how we wanted things built.
Playa Paloma are lots, same as mirimar ect, all have water at lot line, power and sewer at lot line. Nicest utilities of all developers you could have a pool if u want......didn't buy anything yet, were actually looking at mirimar as the way to go. The extra drive south is a bit much for my wife, will post up a report of all the lots and pro /cons of each in the real estate threads
Playa Paloma are lots, same as mirimar ect, all have water at lot line, power and sewer at lot line. Nicest utilities of all developers you could have a pool if u want......didn't buy anything yet, were actually looking at mirimar as the way to go. The extra drive south is a bit much for my wife, will post up a report of all the lots and pro /cons of each in the real estate threads
Keep in mind lot 4 at Santo Tomas....owner needs cash...lot 2 even cheaper but harder build...drinkable water and underground utilities are nice
We were in Las Vegas this week for a tax conference for my husband. He came back to the hotel and told me about an ad he heard on the radio in Las Vegas for Puerto Penasco. He said they made it sound like that had cleared all obligations from the project and were free to resell and finish the project. "Not encumbered." He wanted to know if the developers of a property we paid for and was not completed could do the same thing. Our was the villages at Las Conchos.
We were in Las Vegas this week for a tax conference for my husband. He came back to the hotel and told me about an ad he heard on the radio in Las Vegas for Puerto Penasco. He said they made it sound like that had cleared all obligations from the project and were free to resell and finish the project. "Not encumbered." He wanted to know if the developers of a property we paid for and was not completed could do the same thing. Our was the villages at Las Conchos.
I wish we could get a report form the sales meetings they are hosting. My offer is till standing. I'll donate $5 for gas !!!! And a 6 pack next time you visit !!! And a chicken from Lucas !!!
Back to IPX and their 15% offer: A friend of mine keeps telling me about this 15% deal, so I do a search on Butterfield end up at your forum talking about this deal. He says the 15% deal is almost over, they're saying "get in now" because more money is coming in, and they'll have to lower it to 9%. My friend is almost like a salesman for IPX, and he's putting more of his money in at 15%. I keep telling him it's risky, but risk is what he wants instead of low returns. My bet is if and when they terminate the 15% deal, they'll come up with some other scheme to grab investors to keep the pyramid afloat. I'll be back with more updates as I discover more.
No development down there was ever funded by cash, always sales on a promise. All it would take is a conflict with another country in the US {korea} to send it crashing down AGAIN. Do your due diligence and you will see what has happened in the past. Look at the skeletons of prior projects, lots of Gringo $ tied up,lotta bones showing believe me. Don't buy anything down there that is not completed. NEVER. Beautiful beaches but don't do a tequila buy, you WILL regret it
Back to IPX and their 15% offer: A friend of mine keeps telling me about this 15% deal, so I do a search on Butterfield end up at your forum talking about this deal. He says the 15% deal is almost over, they're saying "get in now" because more money is coming in, and they'll have to lower it to 9%. My friend is almost like a salesman for IPX, and he's putting more of his money in at 15%. I keep telling him it's risky, but risk is what he wants instead of low returns. My bet is if and when they terminate the 15% deal, they'll come up with some other scheme to grab investors to keep the pyramid afloat. I'll be back with more updates as I discover more.
Have you had your "friend" read what we have to say, based on real life years of experience? Those of us that have been going for so many years have seen this boom/bust thing on oh-so-many projects. There is no reason for us to believe IPX is any different; they are advertising these fantastic returns on the promise of a cruise ship port that MAY or MAY NOT ever be completed! And given Mr. Butterfield's track record in real estate to date, it would make the hair on the back of anyone's neck (anyone that KNOWS how these things go in Mexico) stand up. I have no personal vendetta against this guy and I doubt any other member here really does, either. But it just reeks of a scam. Hell, look up "Boomerfest" some time and read about that. It's a hilarious! That group couldn't even organize a concert on the beach! In Mexico, a fool and his money are very easily parted. Dreams of luxurious beach front property are often just that -- fleeting dreams.
it's risky, but risk is what he wants instead of low returns..
Well what he is going to get is a big fat 0% and total loss of his investment. The market here is risky, the project is troubled and the seller is a convicted fraudster. Sounds like a real good deal to me. Tell him to send me the money at least one of us will be happy.
Well what he is going to get is a big fat 0% and total loss of his investment. The market here is risky, the project is troubled and the seller is a convicted fraudster. Sounds like a real good deal to me. Tell him to send me the money at least one of us will be happy.
Liberty Cove is a better investment...they will have formula 1 racing....and ponies!!!
I am offering 25% return on investments. It's called a Blind Trust and backed up with 73 years of good will and hope. You have to qualify for this offer and there is a $100 application fee, non refundable. Minimum to get in on this incredible, limited time offer is an investment of only 100 K guaranteed. Not accepting Bitcoin at this time. Call for a wealth assessment prior to applying. Phone 800 MYDOUGH today.
I am aware of IPX and Daniel B. I own a condo next door at the sonoran sun and have seen a lot of guys working on Esmeralda as recently as last week. I do hope it gets finished and that this is not a scam - it could be a beautiful resort when complete.
Keep us posted... maybe some pictures of progress?
I'll be down there next week and will post some pics - I don't know this guy and I'm not his advocate - but I will says that if this is a scam or a ruse it's pretty elaborate ....
There is a lot of money to be made. You have to understand the laws and or the lack therof for realestate. in Mexico. Talk is cheap. This development had lots or real and potential problems for buyers. Hundreds of thousands have already been lost by buyers. By law they have an interest in the p;roject. A private financing contract is worthless here. Totally worthless. And the guy has a track record of being a crook.
There is a lot of money to be made. You have to understand the laws and or the lack therof for realestate. in Mexico. Talk is cheap. This development had lots or real and potential problems for buyers. Hundreds of thousands have already been lost by buyers. By law they have an interest in the p;roject. A private financing contract is worthless here. Totally worthless. And the guy has a track record of being a crook.
But the Mayor loves him. He was at a big re-dedication ceremony this weekend with the local pols. All over Facebook.
Stuart, which FB link are you using for Penasco.
The only one I have found is pretty worthless.
Too many clueless people asking questions they could answer themselves just by Googgling it.
Which would bring them to posts from here. ;)
Thx
Stuart, which FB link are you using for Penasco.
The only one I have found is pretty worthless.
Too many clueless people asking questions they could answer themselves just by Googgling it.
Which would bring them to posts from here. ;)
Thx
I'm like a Facebook hater. I have a presence there, but seldom to never post anything. There are three Facebook Penasco groups and I follow all three (loosely). The 360 group is total cheerleading. 360 used to post here until he realized we ain't blowing sunshine up anybody's ass about Penasco. Dan Kowalarski's (spelling, forgive me) is very fair and reasonable. He calls it like it tends to be and may the chips fall where they need to. There is one other group, but they are all over the place. I don't follow them explicitly.
You are correct, they now get hammered with the crazy do I need a passport posts much more than we do. Or where can I get a tick bath for my dog. Don't need that crap here, don't want it either.
There is much promotion of self interest on Facebook. Certain restaurants, etc. We don't play that here. You like it, fine, say so. But don't freakin' tell me about your fried chicken special every week.
– Jack Nicklaus signature golf course (I'm not a golfer, but from what I've heard from those that are, playing golf in Rocky Point is pretty sucky. Something to do with having enough water and know how to keep the greens green.)
I am not a golfer but know people who play at the Mayan regularly, several who live here just to play and they play every day. They have all golfed all over the world and say that the Mayan is one of the nicest, most challenging they have ever played. No personal involvement with the Mayan..
I was near there Sunday and decided to check it out. Couldn't pass the gate. Gal told me they don't have anyone working on Sundays, no brochure , nothing. Incredible for a holiday weekend and a resort depending on presales to fund construction.
I'm like a Facebook hater. I have a presence there, but seldom to never post anything. There are three Facebook Penasco groups and I follow all three (loosely). The 360 group is total cheerleading. 360 used to post here until he realized we ain't blowing sunshine up anybody's ass about Penasco. Dan Kowalarski's (spelling, forgive me) is very fair and reasonable. He calls it like it tends to be and may the chips fall where they need to. There is one other group, but they are all over the place. I don't follow them explicitly.
You are correct, they now get hammered with the crazy do I need a passport posts much more than we do. Or where can I get a tick bath for my dog. Don't need that crap here, don't want it either.
There is much promotion of self interest on Facebook. Certain restaurants, etc. We don't play that here. You like it, fine, say so. But don't freakin' tell me about your fried chicken special every week.
Make sense?
Hey Stuart, wanted to check with you and see if you knew of any good fried chicken specials in RP this week ?
I'll be down there next week and will post some pics - I don't know this guy and I'm not his advocate - but I will says that if this is a scam or a ruse it's pretty elaborate ....
Norm,
I would love to see pics of the progress of Esmeralda. We were down in March. Maybe 10 workers .
Norm,
I would love to see pics of the progress of Esmeralda. We were down in March. Maybe 10 workers .
There are as many as 20 cars parked in the screened off area across from the Esmeralda last week when we drove by 10X.
We'll see if the Cholla HOA files anything to stop the work, (Cholla HOA has(had) a lien on the property to finish water and sewer install in Cholla Bay).
Could be interesting or Not!
We went by Playa Azul last weekend, and they are actually working on this. They are using "eco-block" to finish the work, and we went into several rooms to see the progress.
We went by Playa Azul last weekend, and they are actually working on this. They are using "eco-block" to finish the work, and we went into several rooms to see the progress.
No thanks, been watching that rusting eyesore for many years now. It's just lipstick on a pig situation. Got to be crazy to buy in that tower.
Where would I find information on the Cholla HOA? Is this an issue that is just with the Esmeralda or all new /unfinished development?
Ok. I found the HOA site.
Where would I find information on the Cholla HOA? Is this an issue that is just with the Esmeralda or all new /unfinished development?
Ok. I found the HOA site.
Look at the Cholla HOA meeting minutes, March or April it has the story.
Was curious if there has been any new action on the building of the "port"?
They need a billion pesos..most likely 2 in the real world then add 30% for standard Mexican Government business practices ( graft) and the old dead whale,beach eroder, pollution factory will be up and running ....
Was curious if there has been any new action on the building of the "port"?
Simply put, no. Nothing going on, since much of the money allocated for this conveniently found its way into the former Governor's pocket.
Anybody remember "Wendy?" The cute spokesperson for the project? Wonder what she's doing these days? (I was going to be mean and say Guau Guau - bwahahah! Girl gotta make a living, yanno?)
Last I saw, two weeks ago, those concrete dock blocks were still being poured and stacked up by the thousands. At sunset we saw the two cranes next to the Reef parking lot were both "tits up" with major repairs to the tracks unfinished and the Zip line in the setting sun a freshly forgotten boondoggle. Seems like the attention span of the "fleecers" lasts about as long as long as the "investors" cash gets spent or deposited in a Miami bank account.
Ah, la sabor de Mehico.
I just found an unread, never opened 1961 first edition of The Children of Sanchez by Oscar Lewis at a local junk book store for EIGHT DOLLARS! An amazing read of certainly soon to be banned RACIST scientific FACT. If anyone has not read it it'll be an eye opener to la cultura de Mehico. It was a required read for me in my first Spanish language class back in 1964. Couldn't stand reading it because it had nothing to do with learning the Spanish language. Guess the teacher thought it would get us closer to la sabor de Mehico.
Seems the only one that believes the cruise ship port will soon become a reality is Mr. Butterfield (and anyone he manages to convince) as he is still using that as the central theme as to why Esmarelda is a great "investment opportunity" in all of his advertising, which I hear constantly on the radio.
Time will tell, I suppose. But, I'll likely be dead and gone by the time it becomes reality.
New question.
Got a "come see what's happening " note from DB. He says there is great headway occurring on Esmeralda. Finishing up on 2 buildings.
Do you see 350 workers? Is there a cloud of construction dust surrounding it? Or is it just smoke?
There is a big “show and tell” tomorrow in Phoenix at IPX for DB to show his progress on Esmeralda and talk about all of his big plans for Rocky Point. He is way ahead of plans and He says he has plans to purchase another resort?
I want to know if there are signs of growth in Rocky Point besides Esmeralda. Did the issue of the Water treatment/sewer get resolved?
I am not going down his “windfall” road but it would be interesting to know how RP is progressing.
We were down there when we were in college.......many years ago....
Just need to know if there has been any work being done on the port. Money was allocated months ago. I am told it will be finished in a year. What do you see happening?
Any new construction happening besides what is occurring on the Esmeralda?
Horace, he (Brylcreem Boy) is still advertising nonstop. His most recent come on is make a million by buying two condos now AND paying 15% on your money in the meantime.
Color me very skeptical. But if you've got that kind of money to invest in a project that is all dependent on the cruise port being finished... well...
In the immortal words of SpongeBob Squarepants.... Good luck with that!
OK, I'm back and have a question the Esmeralda investors (not me... but my friends) cannot seem to get answered. I told them to contact Cholla Bay HOA, but don't know the answer yet. IS THERE A LIEN ON ESMERALDA UNTIL INFRASTRUCTURE REQUIREMENTS are done?
OK, I'm back and have a question the Esmeralda investors (not me... but my friends) cannot seem to get answered. I told them to contact Cholla Bay HOA, but don't know the answer yet. IS THERE A LIEN ON ESMERALDA UNTIL INFRASTRUCTURE REQUIREMENTS are done?
Are there really 250 workers building Esmeralda or anyone working there? Has anything changed from a year ago?
For the lien info check the Cholla bay hoa meeting minutes from Feb or Mar 2017 on the lien. This week maybe 15 cars in the esmerelda workers parking lot so 250 workers is unlikely,
Last I saw, two weeks ago, those concrete dock blocks were still being poured and stacked up by the thousands. At sunset we saw the two cranes next to the Reef parking lot were both "tits up" with major repairs to the tracks unfinished and the Zip line in the setting sun a freshly forgotten boondoggle. Seems like the attention span of the "fleecers" lasts about as long as long as the "investors" cash gets spent or deposited in a Miami bank account.
Ah, la sabor de Mehico.
I just found an unread, never opened 1961 first edition of The Children of Sanchez by Oscar Lewis at a local junk book store for EIGHT DOLLARS! An amazing read of certainly soon to be banned RACIST scientific FACT. If anyone has not read it it'll be an eye opener to la cultura de Mehico. It was a required read for me in my first Spanish language class back in 1964. Couldn't stand reading it because it had nothing to do with learning the Spanish language. Guess the teacher thought it would get us closer to la sabor de Mehico.
For the lien info check the Cholla bay hoa meeting minutes from Feb or Mar 2017 on the lien. This week maybe 15 cars in the esmerelda workers parking lot so 250 workers is unlikely,
I dunno. I have seen some locals pack em in like clown cars.
The news is out, that the first round of investors who invested in Esmerelda for a years worth of 15% interest on their money, which was the term of their investment, [now that has ended] and some are wanting their money back but they are not getting their money back. He's not paying it back!
But wait there is someone who wants to lend him a 100 million. In fact his boy Roberto was sent to check DB out and he had a preapproved letter for the loan. The Con continues.
The news is out, that the first round of investors who invested in Esmerelda for a years worth of 15% interest on their money, which was the term of their investment, [now that has ended] and some are wanting their money back but they are not getting their money back. He's not paying it back!
But wait there is someone who wants to lend him a 100 million. In fact his boy Roberto was sent to check DB out and he had a preapproved letter for the loan. The Con continues.
Interesting... who are you? PM me here to stay private. Thanks.
The ads on the radio are still running non-stop. Guess it takes a LOT of investor money to advertise like that and keep the dream alive. 100 million loan, huh? He can run the con for a long time on that! Well, after he pays off those needing cash in hand in Penasco.
Interesting... who are you? PM me here to stay private. Thanks.
The ads on the radio are still running non-stop. Guess it takes a LOT of investor money to advertise like that and keep the dream alive. 100 million loan, huh? He can run the con for a long time on that! Well, after he pays off those needing cash in hand in Penasco.
what a gamble for 15 per cent.....made that in the market investing like a chicken!
The news is out, that the first round of investors who invested in Esmerelda for a years worth of 15% interest on their money, which was the term of their investment, [now that has ended] and some are wanting their money back but they are not getting their money back. He's not paying it back!
But wait there is someone who wants to lend him a 100 million. In fact his boy Roberto was sent to check DB out and he had a preapproved letter for the loan. The Con continues.
No, not Nana. Just concerned that people might fall for King DB's con. I listen to his program and have info on what has happened to people who have invested with IPX and are not getting their money back. I live in Az. that's all the info about myself I'm giving, who knows what he is capable of!
So, you are saying the “zip line” is now abandoned. Whose project was that? DB or close friends?
The cranes for the port construction are “in place”? But are in need of repair? If the concrete blocks are behind Esmeralda, how are they transporting them to site? Just curious.
So, you are saying the “zip line” is now abandoned. Whose project was that? DB or close friends?
The cranes for the port construction are “in place”? But are in need of repair? If the concrete blocks are behind Esmeralda, how are they transporting them to site? Just curious.
As of Saturday the Zip line is up and running seems busy when I have driven by it during the past 2 weeks. The guy running the Zip line lives by me in Cholla.
No cranes at the Wrecked on the Reef. No concrete blocks being poured. Haven't seen any blocks being transported to the dock area. All info as of Sat when I drove back to Phx.
Nope but you already got that answered . More news on my blog https://IPX-the-aftermath.com none of it good... One of the legal complaints is being amended to include security fraud an breach for nonpayment.
The news is out, that the first round of investors who invested in Esmerelda for a years worth of 15% interest on their money, which was the term of their investment, [now that has ended] and some are wanting their money back but they are not getting their money back. He's not paying it back!
But wait there is someone who wants to lend him a 100 million. In fact his boy Roberto was sent to check DB out and he had a preapproved letter for the loan. The Con continues.
Who's boy Roberto? Who is loaning him $$... No one will because he won't let them do an audit or take a 1st position lien ... Deal breakers for honest money. Look at the comments on my blog about a previous attempt.
D.butt. has tapped out the Phoenix market...not one new investor at his last event. It is going to fail..just badly executed by an ego maniac who has no expertise in this kind of development. He doesn't even have a project management plan or a qualified project manager. He gave a status report to investors in Dec that is a joke.. And is riddled with spelling and grammar errors, extremely unprofessional. Seriously, a 7th grader could have done better. If anyone wants a copy I can send it to you via text. He is touting all the additional land/property he is acquiring in PP. He is going to leave quite a mess when it all goes in the shitter. Thanks for the auto correct error find Stuart.
Wow A bunch of you looked at my blog today. Did you figure out I'm after someone's head on a platter? He can outspent us on lawyer's so my only revenge might be to hurt him as badly as he hurt us.
Grammanan , you really are preforming a public service...some of us smelled bullshit but you actually stepped in it and then took the time to warn others to watch their step. So when the that zombie garbage collector otherwise called El Homeport fails to be funded after the Obrador victory a few less investors will have to smell the dead whale carcasses ..
Grammanan , you really are preforming a public service...some of us smelled bullshit but you actually stepped in it and then took the time to warn others to watch their step. So when the that zombie garbage collector otherwise called El Homeport fails to be funded after the Obrador victory a few less investors will have to smell the dead whale carcasses ..
He has scaled back on the homeport referencess. I noticed the radio spots have changed in that regard. I imagine the locals aren't too disappointed. PP is really about as big as it can be without totally ruining it. I haven't even been there since 1981.. So much change. In the 70s we camped on the beach.
Our "kids" spent spring break there with their friends and kids. They go regularly... between his Boss Jeff Hull's place and fishing bestie Bryan Fuller's shared place, they have great accommodations. We MUST get down there with them and I will maybe get to meet some of you.
I assume off road is pretty good. Hubby has a sand rail he built and we used to go just north of San Felipe with friends to play there. But it is so far and the group is less active, so we need a replacement play ground. Is there anywhere to run on the beach?
He has scaled back on the homeport referencess. I noticed the radio spots have changed in that regard. I imagine the locals aren't too disappointed. PP is really about as big as it can be without totally ruining it. I haven't even been there since 1981.. So much change. In the 70s we camped on the beach.
Our "kids" spent spring break there with their friends and kids. They go regularly... between his Boss Jeff Hull's place and fishing bestie Bryan Fuller's shared place, they have great accommodations. We MUST get down there with them and I will maybe get to meet some of you.
I assume off road is pretty good. Hubby has a sand rail he built and we used to go just north of San Felipe with friends to play there. But it is so far and the group is less active, so we need a replacement play ground. Is there anywhere to run on the beach?
Santo Tomas then head North or South ....nothing compares
FYI ......the IPX advertising has disappeared from KFYI. Shows the Sunday show is still on the schedule , for now.
What do you think is up?
Moving on to a “fresh market” to bilk?
My guess would be they played it out and with folks now wanting their money and the promised 15% return, time to duck and cover.
All the initial advertising played heavily on the homeport being completed in 2018. That ain't happening. Lots of promises made and dreams of big money being sold. We've seen it all before. I'd be interested in knowing how many chumps bought into it.
Keep in mind his past and this was in a boom period "
Daily Real Estate News | August 4, 2004 | Share
Minn.: State Closes Equity-Stripping Case A Minneapolis man accused of equity stripping has agreed to forfeit his real estate license and the mortgage-originator license of Equistar Mortgage of St. Paul, Minn. Daniel Butterfield, who had been accused by the Minnesota Department of Commerce of equity stripping in a 21-count complaint, signed a consent order in late July that revoked the licenses. The consent order documented four cases in which homeowners in foreclosure were convinced that signing away their title and becoming renters would...See More
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Ann Hyde
Chandler, Arizona
This is an old article I just found.... but that 110 million claim by Butterfield may be the deal I know about that fell through.... His private investors in Esmeralda tried to collect on their notes at term.... and he has now under investigation by the AZ Corp COMM and is facing 2 seperate legl suits for payment.
Yes, he has tapped out the Phoenix.... not one new investor at his last workshop. Then I will address questions: I will listen to the show tomorrow and see what he says, last week was bizarre.... one of the club up here recorded it... he actually mentioned a "fire sale" of the assets but then who would do all the wonderful things for Esmeralda and PP?
First: He reported 144 investors to the SEC this month for a total of $26.5 million. No one I know can get the number of condos he has sold. If anyone wants to see his SEC filings, go to https://www.sec.gov/edgar/searchedgar/companysearch.html and enter his CIK # 1542009
Second: Butterfield's KFYI ads: First he did those "make a million dollars buying 2 condos" pitch in ads. I don't know if it was KFYI (I complained to them) or who, but he was told he could not make that claim and they were pulled.... then new ads were made that didn't tout the home port ...Now ads are just about listen to his weekly show Sunday morning.... My IPX Haters Club members are trying to find out what is going on.... several possible reasons: 1. He hasn't paid them, 2. There is a dust up with the AZ Real Estate Board about "permitting" this with them as they evidently have perview since it is an AZ company, 3. Complaints have been filed with the AZ Corp Comm and the SEC, 4. Anyone of those 3 may be influencing how and what he can advertise.
Bottom line: It is unraveling fast. I filed a whistleblower complaint with the SEC. His biggest mistake there is no verification that the investors meet the requirements as accredited investors and his default on re-payment at term.
BIG UPDATE: Someone has put the muzzle on the Brylcream Boy! On his radio show today there was no mention of the Esmeralda investment, and all ads for it are gone. Don't know who, but there is a long list to consider: SEC, AZ Corp Comm, AZ Real Estate Board, to name a few. He is still advertising his radio show and investor workshops, so he must have paid KFYI.
:machinegun1:It's burning down up here... Investors did not get paid for April. One called and spoke with the VP and was told there would be a letter to the investors. She asked if it was the end of her payments and got a sigh then guttural noise and "I have to go". Hang up.
The detectives up here have come to the conclusion that it is the ADRE that did the quash. Here's what is at the core. Did he do this? There is none to be found in the public records on the site.
If property outside of Arizona is being offered or advertised in Arizona, and it consists of 6 or more lots, with or without improvements, or 6 or more individual interests in a property, a Public Report issued by ADRE is required. A developer can be denied issuance of the Public Report for a number of reasons, including being in poor financial condition.
Given his history of reluctance to produce financial records, he probably did not do this prior to selling. This has butt ugly all over it (pun intended) Love the fail rocket
:moonie::facepalm::failrocket:
Oh forgot to mention just Google "IPX Complaints" and see what you get. Yep.. this thread is at the top because of the way things are repeated in replies, so the blog has the most references to those two words! Fun fact
It was the Corporation Commission.... you can read the Cease and Desist From Violating The Securities Act online not a clickable link have to copy highlight and go to or copy and paste http://images.edocket.azcc.gov/docketpdf/0000186851.pdf
It was the Corporation Commission.... you can read the Cease and Desist From Violating The Securities Act online not a clickable link have to copy highlight and go to or copy and paste http://images.edocket.azcc.gov/docketpdf/0000186851.pdf
SCATHING!!!!!
And oddly enough, I find it hilarious because he is being called out by the Corporation Commission on many of theexact same things we accused him of in this thread from Day One!! Advertising claims with nada, zip, zero of anything to back it up with. AND his previous conviction in MN for fraud! Wow... It's like they just copied this thread into their cease and desist order!
My Cholla neighbor asked me about this in Oct. I told them to run away as fast as he could from this. From the good info on this forum.
One of his friends found the lure of 15% interest to be the answer to his retirement and put $100k into it. Sad.
My Cholla neighbor asked me about this in Oct. I told them to run away as fast as he could from this. From the good info on this forum. One of his friends found the lure of 15% interest to be the answer to his retirement and put $100k into it. Sad.
Very sad! That's where the real hurt is going to come from -- those that get screwed out of their money as this thing spirals nose first into the sand.
My Cholla neighbor asked me about this in Oct. I told them to run away as fast as he could from this. From the good info on this forum.
One of his friends found the lure of 15% interest to be the answer to his retirement and put $100k into it. Sad.
only $100k... he's one of the lucky ones. The two who had already file to get their $ back had $500k and $600k,,, and I know of 2 with a million each invested. His now ex-wife better lock up the child's passport or she might never see him again.
So those 250 workers that he said were working on the towers are gone? Ha! The man is a sociopath! For him the end justifies the means. He tells you he will help your retirement, by investing your money and giving a return of 15%. He steals the money and lives big. This is what my husband says "For years I worked 12+ hours a day, 7 days a week to build up our retirement and that SOB stole it from us"
So those 250 workers that he said were working on the towers are gone? Ha! The man is a sociopath! For him the end justifies the means. He tells you he will help your retirement, by investing your money and giving a return of 15%. He steals the money and lives big. This is what my husband says "For years I worked 12+ hours a day, 7 days a week to build up our retirement and that SOB stole it from us"
Indeed, my heart goes out to all that got sucked into this stinking pile of shit. It's why I was so adamant about it the very first time I heard the advertisement.
Am I the only one truly pissed off that KFYI paid no attention to our complaints about this? You wrote, Stuart, I wrote, emailed several times..... but they are just advertising whores! I will miss our new guy in the afternoon, James T,. but I got Rush 24/7 and the station will not be on in my casa, nunca en la vida!
Sad day for those who who fell for the “sales pitch” from a seasoned scam artist . Makes you wonder what the”locals” think or what he has told them. He was busy spending money all over town and making a name for himself. He was busy becoming “the mayor”. PP will miss his generosity.
