Point Center Investigation

Frank H. says these were Deals No One Would Do….

Let me make a caveat here – I haven’t done an investigation of Point Center specifically, so I’m speaking generally here about how some funds went “bad”.  I’m a hard money lender myself – well a poorly capitalized one these days – on the east coast – and although I’ve spent a lot of the last few years in bankruptcy, and other, courts, I’m not a lawyer. My... [Read more...]

Michael asked for an actual plan from his manager: Click Here

In a January 18, 2010 letter Dan Harkey talks about stopping Lloyd Charton’s harassing communications.  Dan Harkey states: “At that point we can return to the job of delivering the maximum capital possible back to you.” So, Dan Harkey is now taking a hiatus from “delivering the maximum capital possible back to you.”? What Dan is saying is that he is unable to effectively do his job right... [Read more...]

Judy spoke with the Dep. of Corporations, and more: Click Here

Some time ago I sent a formal complaint about my failed Point Center Financial IRA investments to the Department of Corporations. Last week, I received a call from the D.O.C. acknowledging receipt of my complaint.  The D.O.C. representative said they were not at liberty to discuss either details or status with me, because the Point Center Financial case is still an open and ongoing investigation,... [Read more...]

Bob advises you to demand cash flow statements: Click Here

With the close of 2009, all investors in NFL should receive by April 30, 2010 a complete set of 2009 financial statements (income statement, balance sheet, AND statement of cash flows), assuming NFL/PCH are abiding by the law. Distribution of the complete financial statements is required by California Corporations Code section 17106(c)(1). NFL investors – mark April 30 on your calendar, and if... [Read more...]

Matt is a broker who understands commission incentives: Click Here

Dan makes money whether you do or don’t.  There is no incentive to Dan for your investments to perform well (except that his ponziesque dynasty is soon coming to an end thanks to his own shortsightedness).  Please note there are fundamental valuations which help true real estate professionals understand where the market is headed and why.  In fact, it is fairly common sense and easy for most... [Read more...]