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California Con Artist Steals $160 Million: Victims Lose Everything

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DavidNazarNews

DavidNazarNews

7 жыл бұрын

No way. How on earth could this happen. This is deplorable and absolutely unbelievable. These hysterical victims explain how a con man stole the life savings of 500 people. And shockingly he has not been prosecuted. Reporter David Nazar has the heartbreaking details of this financial fraud case.

Пікірлер: 493
@ShearF3ar
@ShearF3ar 6 жыл бұрын
Rule one. Don't invest anything youre not prepared to lose.
@scdevon
@scdevon 6 жыл бұрын
There are degrees to investing. I hope you aren't talking about mutual funds held for the long term or retirement investing. A ponzi scheme scammer isn't the same as a Vanguard mutual fund.
@ShearF3ar
@ShearF3ar 6 жыл бұрын
scdevon mutual funds are not guaranteed.
@scdevon
@scdevon 6 жыл бұрын
A mutual fund is practically a "sure thing" compared to this scammer in this video.
@ShearF3ar
@ShearF3ar 6 жыл бұрын
scdevon there is no sure things. That's why investments make money. Risk. Mutual funds are low risk but not guaranteed. Don't invest if you don't wanna lose.
@scdevon
@scdevon 6 жыл бұрын
You want losses? Invest in bank CDs. Guaranteed to lose money to taxes and inflation every year.
@andy.m265
@andy.m265 6 жыл бұрын
Never trust ANY fucker that wears a suit to work, there's an old saying, men in denim built this land, men in suits destroyed it.
@therollsroycetrent9863
@therollsroycetrent9863 6 жыл бұрын
Folks, nothing is called investing. It's called GAMBLING.
@robertnicolas8887
@robertnicolas8887 6 жыл бұрын
The Rolls Royce Trent can tell you are poor . And don't know shit
@firstclass305
@firstclass305 6 жыл бұрын
Robert Nicolas I don’t think it has anything to do with being broke maybe misunderstanding or fear above all from rolls Royce but in essence investments are a form of gambling as in which they have no absolute roi it may pay dividends or it may fall flat granted calling it flat out gambling isn’t fair but knowledgeable or informed wagering would be a better statement.
@robertnicolas8887
@robertnicolas8887 6 жыл бұрын
Cleezy I make a living investing and you are dead wrong. It couldn't be farther from gambling. You can read the company data ... called the Sec filings .
@1kingtv31
@1kingtv31 6 жыл бұрын
The Rolls Royce Trent yess sir
@ivanmontalco5082
@ivanmontalco5082 6 жыл бұрын
This is not even gambling. This is called a scam
@joemunoz1476
@joemunoz1476 6 жыл бұрын
Being ordered to pay (by the court) doesn't necessarily mean he's going to pay..
@TazRulesNY
@TazRulesNY 6 жыл бұрын
“Paid good interest and risk free” A fool and his money are soon departed!
@englishrob2315
@englishrob2315 6 жыл бұрын
I don't trust anyone who says they can make you money... I wouldn't invest in anything that seem to good to be true. If I've got money, it stays where I know what's happening to it. I wouldn't let anyone handle it for me...
@stevemichigan541
@stevemichigan541 6 жыл бұрын
Can't believe how many of these scams are going on. Hundreds. Then offender gets 4 years to 10 years. Rarely higher. Rob a store for few hundred dollars and get 20 year's. ???
@roscoeelcocko1863
@roscoeelcocko1863 3 жыл бұрын
Big criminals get little time. Its called the CRIMINAL JUSTICE SYSTEM. The poor street guy is motivated by hunger while the white collar criminal is motivated by greed. Its a weird system we live under. Listen to a man named Jor dan Max well.
@gthfrest8434
@gthfrest8434 3 жыл бұрын
you're comparing an armed robbery to someone who gave their money willingly? wtf?
@larryiarossi2858
@larryiarossi2858 6 жыл бұрын
People need to spread this all over social media! People who do this to hardworking people is just awful.
@AyeeBroTV
@AyeeBroTV 6 жыл бұрын
For the love of money is the root of all evil
@firstclass305
@firstclass305 6 жыл бұрын
Larry Iarossi and hardworking people foolish enough to be swindled not by a con man but by a man assuring or guaranteeing high returns deserve a wake up call. They see dollar signs and orgasm immediately no good investment firm would EVER guarantee returns but merely cross fingers and guarantee smart investments
@GranTube
@GranTube 6 жыл бұрын
Abraham Alburez you are right to a certain degree but it's really the LACK OF MONEY that is the root of all evil
@christystewart4567
@christystewart4567 6 жыл бұрын
You can search the Internet and find many instances of cons like this. Also Bernie Madoff was a huge story. The problem is people don’t do their homework in these situations because they’ve got dollar signs dancing in front of their eyes.
@brandonmartinez9272
@brandonmartinez9272 6 жыл бұрын
Lmfao sounds like she is feeling some type of way she lost her inheritance...
@n300zx931
@n300zx931 6 жыл бұрын
Brandon Martinez ha, thats where the pain comes from.
@HT-yt5il
@HT-yt5il 6 жыл бұрын
Exactly how I felt. Crocodile tears.
@oneunkown2774
@oneunkown2774 6 жыл бұрын
+1
@primosmith4866
@primosmith4866 6 жыл бұрын
Brandon Martinez you think .Hmmm
@elfinmordant3313
@elfinmordant3313 6 жыл бұрын
Eli Frost You sound jealous.
@Livereater
@Livereater 6 жыл бұрын
Investing is 'educated gambling'. This won't be the last 'Bernie Madoff' type scam.
@DeRothschild
@DeRothschild 6 жыл бұрын
The first women is undoubtedly distraught but not really crying. No tears.
@irmaromo1635
@irmaromo1635 3 ай бұрын
R u sure she is only crying cuz she won't inherite anything or she is in on it
@patrickbrown7491
@patrickbrown7491 6 жыл бұрын
If you hand over your money & get offers high interest etc & nothing in return.You are getting conned,!
@davesmith1574
@davesmith1574 7 жыл бұрын
Can't let a stranger invest your hard earned money.
@dricklorenz9340
@dricklorenz9340 6 жыл бұрын
i have no pity for anyone involved. they're all greedy. And the granddaughter is upset cause she lost her inheritance.
@mrblackalchemist
@mrblackalchemist 6 жыл бұрын
Drick Lorenz exactly lol
@scdevon
@scdevon 6 жыл бұрын
You get what you INSPECT, not what you EXPECT.
@99bits46
@99bits46 6 жыл бұрын
she doesn't give a bit fuck about her grandparents
@GranTube
@GranTube 6 жыл бұрын
But regard inheritance or not, do you want your grandparents to lose their hard earned life savings?
@nicknettel7394
@nicknettel7394 6 жыл бұрын
How is it greed if they work all their life for it. That sounds like honest money, not greed.
@joaosoares3719
@joaosoares3719 6 жыл бұрын
"Good interest" and "risk free"... some people really deserve to have their money stolen...
@Scientist_Albert_Einstein
@Scientist_Albert_Einstein 6 жыл бұрын
That is how humans are tricked, just tell them good words and they fall for the tricks! Haven't you read the book called "The Prince" by Niccolo Machiavelli? Most humans are stupid, why do you think politicians lie all the time and get away with it?
@Jaem-gy1bz
@Jaem-gy1bz 6 жыл бұрын
Talk about about a bad day, i lost $30 from a broken atm machine
@beakt
@beakt 6 жыл бұрын
I don't know. I never have any sympathy for people who fall for this. The guy at 1:19 summed it up: 1. He approached the victims individually. That right there is a red flag. A good rule in life is when someone comes up to you directly and says, "Hey, I got a deal for you!" the answer is "No thanks." People don't make offers to you that are beneficial for you. 2. High interest with zero risk is impossible. If a business has collateral to back investments, then they don't have to pay high interest. 3. They all say they went by what this guy "told" them. You need, as a responsible adult, to protect yourself by ensuring that something someone tells you is true. Verify the ownership of the collateral, and that it isn't already bound to other creditors. Hire an attorney. Make sure that your claim on the collateral is registered so it can't be sold. It's a fundamental aspect of risk management: What is the likelihood he's lying, and what are the consequences if he is? If the consequences are absolutely devastating to you, as it was for these people, then you have to ensure the likelihood he's lying is virtually zero. Keep the above in mind, and it's very unlikely you're going to allow some guy like this to steal all your money.
@simongarlickhousetruckbuil1160
@simongarlickhousetruckbuil1160 6 жыл бұрын
greed is the evil on both sides
@n300zx931
@n300zx931 6 жыл бұрын
Agreed. Well said.
@diegocruise1203
@diegocruise1203 6 жыл бұрын
Well said
@BigRed2
@BigRed2 6 жыл бұрын
n300zx931 Granddaughter wasn’t crying for her grandfather but for herself, she now knows she will get nothing
@roachtoasties
@roachtoasties 6 жыл бұрын
Never, ever, put all your eggs in one basket. A simple saying that would have gone a long ways here. Even if one is gullible to get suckered into this or another scam, if they only lost, lets say, 5% of their life savings, it would hurt but wouldn't ruin them.
@JohnSmith-zn2tx
@JohnSmith-zn2tx 6 жыл бұрын
Somebody who thinks as I do. I see people all the time on American Greed not only give all their money away but then get equity loans on their house and give that away. Stupid greedy people!!
6 жыл бұрын
Very very true roach...
@robertstv8045
@robertstv8045 6 жыл бұрын
Touche. Diversify into 3-4 different investments. Greed by investors allows scamsters to flourish.
@DrumWild
@DrumWild 6 жыл бұрын
*"Diversify yo bonds, nigga!"* --_Wu Tang_
@ShawnLegend
@ShawnLegend 6 жыл бұрын
*Everyone's crying but not a single tear falls!* I stopped watching @ 3:16!
@joemunoz1476
@joemunoz1476 6 жыл бұрын
Shawn Legend I noticed that also.. they went from "crying" to casually talking in .01 seconds.
@shirleyharrison2580
@shirleyharrison2580 6 жыл бұрын
Shawn Legend. The granddaughter wasn't very convincing..
@airmech5083
@airmech5083 6 жыл бұрын
Both sides are greedy they wanted something for nothing
@failurefiend
@failurefiend 6 жыл бұрын
all investments are something for nothing. these people are only as greedy as anyone looking for money
@urielbautista6409
@urielbautista6409 6 жыл бұрын
Air Mech lol so true
@Smiles4UFL
@Smiles4UFL 6 жыл бұрын
Will Rich The older generation are very trusting and nieve to Today’s thievery.
@dancurrythelegend
@dancurrythelegend 6 жыл бұрын
Putting all your Eggs in one basket??? A person in their 80's shouldn't be making investment decisions in most cases. And Boo Freakin Hoo for the women that lost her inheritance. People need to keep an eye on the Elders.
@firstladt8787
@firstladt8787 6 жыл бұрын
Go tell that to Warren Buffet.
@jeffjones8368
@jeffjones8368 6 жыл бұрын
@4:16 "UNREGISTERED NOTES" What does this mean? If these securities were not registered with the SEC, then these people were basically lending money (avg of $320k) to some dude not even subject to audits? Wadda these people think - they're Mark Cuban?
@chazaraydelgadillo8293
@chazaraydelgadillo8293 6 жыл бұрын
This shit only happens to greedy people, Trying to get rich fast and easy.
@firstladt8787
@firstladt8787 6 жыл бұрын
Shut the fuck up
@dmgdoors
@dmgdoors 6 жыл бұрын
don't risk anything you're not willing to lose
@honestopinion8301
@honestopinion8301 6 жыл бұрын
The moral of this story is, if something seems a little too good to be true, then it probably is.
@ellashealthnhappiness5040
@ellashealthnhappiness5040 4 жыл бұрын
*People, who are shaming the victims and calling them stupid:* Intelligence (just like beauty) are something we are born with or without. So it is only due to luck, nothing else. - Also these conartists are so successful, because they target honest, trusting people, who have little knowledge pf the risks. - Stop being a victim shamer.
@Saffrone221
@Saffrone221 6 жыл бұрын
I blame the victim. They are quite greedy to believe they get their return in such a short time. Investments last 3years to a decade
@MrBlink909
@MrBlink909 3 жыл бұрын
God I feel so much better about losing $200 now
@IamWhoIam2023
@IamWhoIam2023 6 жыл бұрын
This is what always happens to greedy people. And they cry at end
@terryglenweaver
@terryglenweaver 6 жыл бұрын
Some people are simply seeking a modest return... Did the guy leave USA?
@markdavids2511
@markdavids2511 6 жыл бұрын
Sadly greed is usually at the bottom of so many scams.
@Lukrafiveman
@Lukrafiveman 6 жыл бұрын
Is ambition now greed to you 9 - 5ers ?
@MrSouthphillyitalian
@MrSouthphillyitalian 6 жыл бұрын
anatoly romanov what ambition?
@Lukrafiveman
@Lukrafiveman 6 жыл бұрын
Ambition to make money? Maybe some you people just hate capitalism so you justify scammer's actions as normal
@coreytaylor6551
@coreytaylor6551 6 жыл бұрын
They aren't homeless or living below the poverty line. Take accountability.
@ellashealthnhappiness5040
@ellashealthnhappiness5040 4 жыл бұрын
Corey Taylor And homeless in America are not raped child brides in Africa. Your comment isn’t helpful.
@someperson2871
@someperson2871 6 жыл бұрын
THIS IS HEARTBREAKING! I cant believe people would do this :(
@eddiecamacho1
@eddiecamacho1 6 жыл бұрын
By reading the comments below I get the feeling of how rare the quality of empathy is , including the thief who can callously walk away with these people's money and leave these people to languish in utter ruin
@soulmanonesexperiences7531
@soulmanonesexperiences7531 6 жыл бұрын
It sems to be the new norm of no empathy. When themself is getting ruined, I am sure the tune will change.
@therealkevindurant1471
@therealkevindurant1471 6 жыл бұрын
It’s funny how he chocked up when he said he has too live of ss checks lol
@davem1212
@davem1212 5 жыл бұрын
Them people won’t see one dime back from him
@jayaybe1
@jayaybe1 6 жыл бұрын
Christ! Rule No.1, NEVER put all your eggs in one basket 2 ) ALWAYS have paperwork assessed by qualified legal professionals before giving over your money.
@phyllisarringtion5354
@phyllisarringtion5354 6 жыл бұрын
"You can't cheat an honest man."- W C Fields
@slavk3600
@slavk3600 6 жыл бұрын
These people have one thing in common,,,,Greed .
@benitoriviera3157
@benitoriviera3157 6 жыл бұрын
Slav K nailed it.
@LACraig621
@LACraig621 6 жыл бұрын
This what happens to greedy ass people.
@quitenerdy1
@quitenerdy1 6 жыл бұрын
New drinking game: Take a shot whenever you see a "don't put all your eggs in one basket" or "if it sounds too good to be true reference in the comment section."
@simplechronology2605
@simplechronology2605 6 жыл бұрын
Two words: due diligence.
@lizh4933
@lizh4933 6 жыл бұрын
Don't put all your eggs in one basket or you will wake up one morning and find out someone has Madoff with your money.
@BMTPotatohead314
@BMTPotatohead314 6 жыл бұрын
we need spiderman
@eraserhead2063
@eraserhead2063 6 жыл бұрын
s d xD I laughed at this because it’s so random lmao
@aminabc9114
@aminabc9114 6 жыл бұрын
Naaaaa they need RAMBO Lol !!!!
@fuckingpresident4126
@fuckingpresident4126 6 жыл бұрын
All the money would be invested outside of the United States and money parked in offshore accounts.
@lockedandloadedsigns4424
@lockedandloadedsigns4424 6 жыл бұрын
Feel bad for the elderly couple; but if this guy hadn't stole their money, the government would've in the end!
6 жыл бұрын
I feel so sorry for senior citizens who get taken for everything that they worked for. They work their entire life and made sure to put money away so they could live comfortably and not be a burden on their kids and some scumbag who doesn't want to work for his own money takes advantage of the elderly. In my book he's right up there with the scumbag pedophiles
@shadowrunner6856
@shadowrunner6856 6 жыл бұрын
Really? Investing and risk free are two words that should have raised a red flag...
@beakt
@beakt 6 жыл бұрын
I have a feeling the hair stylist quit that morning, and no one stepped up.
@billybobhaystraw4067
@billybobhaystraw4067 3 жыл бұрын
Lol I’m dying!😂
@Dasm.
@Dasm. 6 жыл бұрын
Where can I find these risk free investments? 😂😂😂
@punitagarwal6963
@punitagarwal6963 6 жыл бұрын
These are bunch of greedy people's when they lost everything and got scammed then they are crying on front of meida and cameras ,afterall these peoples are the one who wanted fast money ,abnormal interest ,very high returns in very short time.
@waaazupd1948
@waaazupd1948 6 жыл бұрын
This dude ruined ppls lives, he should be in federal prison with all his assets liquidated to pay restitution to those he scammed
@protoolsfanatic7276
@protoolsfanatic7276 6 жыл бұрын
im a little annoyed with the selfish cold hearted comments calling these people greedy,white privalged,ect....how would you feel if at work one day you find out your 401k is wiped clean!!! would it be fair to say you deserved it because your greedy? the victims are not the greedy ones its the asshole who lied to gain off others misery that is who the greedy one.
@jimmyfaustjr7373
@jimmyfaustjr7373 6 жыл бұрын
Scam artists should get the death penalty. They ruin peoples lives.
@willyd.7307
@willyd.7307 6 жыл бұрын
I don't mean to be heartless but those people look like they had good jobs most of their lives yeah they may have worked for the money but part of it is selfishness and greed they wanted more so they put their eggs in a basket and trusted it one person who promised a high interest rate in return in this economy you've got to be a fool to think that you would get the kind of interest rate he was promising the fool and their money has now parted like I said they've had good lives and are well dressed and well fed and probably own their own properties and they're crying about living on Social Security there's people in the world making a lot less and have struggled all their lives if it was minorities no one would have even cared. And if you think giving your money to someone who tells you it's a risk-free investment with a high interest rate of return that's a red flag right there
@firstladt8787
@firstladt8787 6 жыл бұрын
William Deabi Investment isnt greed, its capitalism. It can happen to any investor.
@JamesSmith-jd1do
@JamesSmith-jd1do 6 жыл бұрын
William Deabi lol but that doesn’t mean that they should get ripped off. Wtf man.
@shout4637
@shout4637 3 жыл бұрын
I despise psychopath con artists conning old people out of their life savings! They should get a life sentence or worse! I hope that these people will get justice!!!!!👍👍🍀🍀🍀💙💚💖
@gthfrest8434
@gthfrest8434 3 жыл бұрын
2:05 she's not even crying lol just acting and bringing the "veteran" and helping other people to get more people to emphasize with them haha
@VezeTech
@VezeTech 6 жыл бұрын
Why would you *EVER* invest all your money into *ONE* thing
@dannyluna8989
@dannyluna8989 6 жыл бұрын
That's what happens to people who are MONEY HUNGRY. They want more than what they can have. Realize that the day we die we take NOTHING!!
@jimmyperkins97
@jimmyperkins97 6 жыл бұрын
Jews
@GranTube
@GranTube 6 жыл бұрын
I agree I use to live a crazy life until I became financially struggling now I realize to just be happy with what you have but even then I did not have the greed in me that these people probably do I just like nicer things
@bettybarron1773
@bettybarron1773 2 жыл бұрын
I am a nurse. I have co workers who have been advised to buy Zimbabwe currency no longer in circulation and for every bill they purchase on e bay no less they are supposed to receive 100,000 dollars. I have forwarded your site to them. Maybe they will listen to you. Havenyou heard off this scheme. It initiated in a church.
@ibobeko4309
@ibobeko4309 2 жыл бұрын
Zimbabwe is on a down spiral, who the fuck buys their currency, they had a inflation of 66% in February.
@TheAlchemicalPortal
@TheAlchemicalPortal 4 жыл бұрын
who the hell invests everything in something they know nothing about? wtf
@dennisthemenace5150
@dennisthemenace5150 6 жыл бұрын
Bigger they are the harder they fall.
@ManzugsYT
@ManzugsYT 6 жыл бұрын
They got jewed
@MrSouthphillyitalian
@MrSouthphillyitalian 6 жыл бұрын
ChaosGaming28 lol
@katherinegaughan45
@katherinegaughan45 6 жыл бұрын
ChaosGaming28 jewed? What is that?
@ManzugsYT
@ManzugsYT 6 жыл бұрын
Katherine Gaughan Because Jews are good with money and they can easily scam you so that's the joke saying they got jewed
@ManzugsYT
@ManzugsYT 6 жыл бұрын
soham panda why are you offended it's a joke you sensitive snowflake
@greekguytalks
@greekguytalks 6 жыл бұрын
not that they are good with money.... they are cheap and all they think is money. They are willing to rent out their house and live on the streets knowing they will earn $100 a month extra.
@woodyexplorer
@woodyexplorer 6 жыл бұрын
In many countries selling these kinds of securities e.g. unregistered notes, CDS, is not allowed.
@MenacingRabbit
@MenacingRabbit 3 жыл бұрын
And no one read the SEC forms to look at where the money was being spent?
@Sulfen
@Sulfen 6 жыл бұрын
Never risk more than you can afford to lose. It doesn't matter who you are this applies to you.
@jerryramirez6985
@jerryramirez6985 6 жыл бұрын
Trial and Error. Everyone Goes Through It They Need To Audit Better.
@lynnbaker2336
@lynnbaker2336 Жыл бұрын
Most of these people were already secure for life, but it wasn't enough!
@New-York-Guy-90.
@New-York-Guy-90. 6 жыл бұрын
The Only thing to invest in is real estate is leasing out your property wether that being a house or apartment and or mobile homes and not flipping houses
@GranTube
@GranTube 6 жыл бұрын
Flipping house can make you BIG BUCKS but you really have to know the trade well or it will sink you in the end. I have several houses that are rented out and a lot of people think I am load cuz of it but they don't truly know about this trade is they only see the positive side of things like collecting rent every month without having to work but there is so much behind the curtains they don't see. Like there was once a family that rented one of my houses they were back 3 months in rent I eventually had to kick them out(it was an ugly scene!) but did I give them one more week to move out and look for a new place after giving them a second chance negotiating and I tried to work with them but in the end we can't come to an agreement on them catching up on at least part of the rent so I will let them continue living there I even talked to their new landlord to let them move in after they found a new place to live so in the end they finally had to moved out. After they moved a week later I went inside that house they once occupied to check on it and I saw a refrigerator in an odd spot that shouldn't have been and when I moved it there was a big huge hole in the wall behind it I guess the tenants were really pissed of at me for kicking them out it's not my fault they couldn't pay their rent but they did not care that's how some people are I mean they owed me $3000 what was I suppose to do, let them continue living there? And add to that unless you know how to fix everything or most of that yourself(you will save A LOT of money) you will be spending a lot on materials for your property and hiring all kinds of professionals and experts to perform different kinds of labors and services(gardener, electrician, painter, AC technician, maid service, pest control, plumber and so on) and also anything your former tenant had screwed up or broke whether it's in the interior or exterior of your rental property IT'S ALL ON YOU! And sometimes they will even skip rent and bail on you especially if they owe you too much money they will lie to you and make up some bogus story or tell you they will get paid soon then they are gone and you never see them again especially when there is no written agreement binding them only verbal or if you don't have property management eyeing your rental property for you. One thing I learned about this trade is NEVER rent to anyone that are close to you(especially family members, in laws, and relatives!) PERIOD! They will just take advantage of you like back you on rent for months then hold it against you if you try to kick them out cuz you are "family" this applies to close friends as well. Another important thing I learned is if you rent out your property make sure you got some form of written agreement NEVER VERBAL or else if things go south at the end it will be their words against yours and you won't see your money of course you can threaten them to pay up or you will kick them out but that will only increase the chance of them wanting to destroying the inside of your rental property even the outside as well it will cost you a lot more money to fix so you don't wanna piss them off. Or just get a property management company to look after your rental property they usually charge around 10-20% but it is so worth it you don't have anything worry about no more headaches no more worries only to collect your rent check every month from them and the best part is if things go wrong you don't even have to go after them yourself face to face anymore they do all that for you so you got nothing to worry about anymore. Not to say all tenants are bad a lot of them are good my point is everyone is different so sometimes you run into a bad tenant and never really know them until you are renting to them then they unfold over time and sometimes it's too late often times the nicest looking people/family can cause you the most headaches and chaos and vise versa you really can't tell sometimes. We lost a very close family due to renting one of our properties to him he was very nice and happy in the beginning after he moved in as time went on he paid like just one or two months(one of his checks bounced we got charged a fee for it) then he lied to us about the rest saying he will pay us the rest soon(about $5000) after he get his retirement money in a few months when backed up a few months he owed us already so he eventually moved out after about half a year. So we went over to the house it was completely emptied and cleared out to nothing left and he was long gone we had no idea where he was we never saw him again and my sister tried to get a hold of him through Facebook and e-mails and even tried to go through his daughter to get to him many times but he never responded once and just completely cut all ties with my family. Flipping houses and rental property can bring in good income but just like any business there area lot of risks involved in this trade so be very careful cuz often times what you make of your rental property can easily go not into your pocket but back into you rental property and depending on the size and the amount of damage some times the rent you collect won't even be enough to fix and cover all the damage done by your former tenant so have some savings just incase things go wrong. Just remember don't end up like me I had to learn the hard way there is good financial potential in this trade and know that not all tenants are bad every person is different hope for the best but expect the worst in every tenant and do some research and homework to spare yourself from future regrets because this trade is VERY RISKY! Sorry for such a huge paragraph I just don't want anyone to make the same mistake I did.
@New-York-Guy-90.
@New-York-Guy-90. 6 жыл бұрын
GranTube Iknow what you are saying Ihear you My granddad owns several apartment buildings one near Downtown L.A. one in East Hollywood which kinda the bad side of that place and one above his convenience store and back in his days it was the landlord that had to do everything for his/her property so my granddad my was his apartment’s handyman, plumber, electrician, gardener and so on My dad owns two small houses that he leases out and he is the handyman for both of his properties because in Los Angeles he had a handyman, plumbing, cleaning business and he was a subcontractor and hed have me do the painting since Iam a good painter and hed have me mow the lawn they would have my dad fix various vacate properties around the metropolitan area of Los Angeles and some were bad some were not too bad and here in Fort Worth Texas I told my dad to lease to Military parents because they do not stay for too long lots them are just passing through anybody that I know that has or had a parent in the Military never stayed in one place for too long and theres a joint reserve base near here and since I was in the Military I know of a property management company that finds places for Military families that do not want to live on base And I own a mobile home that I Lease out in the oil fields and the person in charge of the oil field handles everything and I get my check and when I expand my property investments I will be able to fix it myself wether its painting or fixing a wall because Iam an artist and a good carpenter and anything else I will have my dad take care of it but I will never go into flipping houses because thats the riskiest of them all
@snowwhitebeautyful
@snowwhitebeautyful 6 жыл бұрын
To all the idiots calling these people greedy and stupid: you have absolutely no idea about what their motives were. Maybe some of them had family members who were terminally ill, maybe they wanted to help their children who had financial problems. Seems that whoever wants to make money is automatically greedy and bad. And blaming this young girl for caring only about inheritance is bullshit - i have grandparents too and they're my weak spot, I would be heartbroken too. So don't judge people if you don't know their stories.
@AshwinRamdin
@AshwinRamdin 6 жыл бұрын
I think Stephanie is more concern about her inheritance.....
@clockwork365
@clockwork365 6 жыл бұрын
It's 2018 he still hasn't been charged with a crime? Wow!!! This guy really got away with it.
@chloesandrelli7337
@chloesandrelli7337 5 жыл бұрын
... don’t invest your entire life savings in anything if you can’t afford to lose it, like wtf
@DeRothschild
@DeRothschild 6 жыл бұрын
People need to take responsibility for their stupidity. They got scammed and they’re shit out of luck. No they should not be bailed out.
@christopherthorkon3997
@christopherthorkon3997 6 жыл бұрын
I am sorry, but how the hell do you give all your money to man who has no buildings as collateral?? I mean, don't these people check up on this? Why the hell would these people be so foolish as to hand off all their money to an idiot without asking for any definitive proof of his assets and double check on that "proof"? Shit, I would NEVER hand over all of my life savings to ANYONE for ANY FUCKING REASON.
@randybradley4151
@randybradley4151 6 жыл бұрын
Their grand daughter is only crying because she's not getting any money in the will when they croak.
@edydon
@edydon 5 жыл бұрын
Investment Rule 2: Diversify - never trust anything completely. (Rule 1 is live below your means)
@padmasalam5267
@padmasalam5267 6 жыл бұрын
When are these fools going to learn. Folks, keep your moneies in the bank. Interest might not be profitable, but at least your monies are safe. Geez, stop being suckers. So sad
@Alex-ho1nr
@Alex-ho1nr 6 жыл бұрын
inflation makes your monies lose 3 percent of their buying power per year, while you receive at most 2 percent return on keeping it in the bank.
@Angel-jp3vx
@Angel-jp3vx 4 жыл бұрын
But Nobody forced these people to invest. An Investment is a choice people Make. Its free will,whether its a scam or not.
@ravencrow6118
@ravencrow6118 5 жыл бұрын
This isn't funny at all. Even if they are fools there isn't anything to laugh about
@alimohammond6323
@alimohammond6323 6 жыл бұрын
next time u invest your money, make sure the office is at his home with his family, then maybe he won't fucked with your family saving!
@tarekadam9652
@tarekadam9652 6 жыл бұрын
What is this dribble? These people are not convincing. None of them seem genuinely pissed off. None of them are actually crying. So weird.
@neuralismgamingtv4511
@neuralismgamingtv4511 Жыл бұрын
Victims always win that's why other people have chosen to make them into victims without consent or obeying the law.
@michael2305
@michael2305 6 жыл бұрын
If it sounds too good to be true its too good to be true... Happened to my parents as well... they got so hooked they even thought about taking a credit and put the money in... luckily they didn't lose the money...
@markus9641
@markus9641 6 жыл бұрын
This is why you read the Terms of service.
@mrdave2112
@mrdave2112 6 жыл бұрын
How is this illegal? The US government does this exact same thing. At least these people had a choice to give their money away; whereas, the government just takes it by force and threat of violence. Next time just go to Vegas, but buy a nice show ticket before you give all your money away willingly, and then enjoy the show. .
@holiday-td6hx
@holiday-td6hx 6 жыл бұрын
No matter how much money your have.....if you are so greedy as to NOT check out the "investments....then this is what you get for being greedy.
@gunslinger2172
@gunslinger2172 6 жыл бұрын
once again if it sounds too good to be true it generally is as you see these people are old folks soo gaulible no contracts no nothing
@WrittenInFilm
@WrittenInFilm 6 жыл бұрын
Contracts wouldnt even have made a difference, he used bankruptcy to get out of it.
@PropunKla
@PropunKla 6 жыл бұрын
Wait, you handed all your money to someone from where? {Throws out sympathy)
@XZIL_R8ED
@XZIL_R8ED 6 жыл бұрын
Key example why not to be stupid.
@GranTube
@GranTube 6 жыл бұрын
If it walks like a duck, talks like a duck, and sound like a duck well guess what!?!?!?!?!?!? There is a very good chance that it just might BE A DUCK!!!!!!! If something sounds too good be true DON'T LET YOUR GREED KICK IN!!!!!!!!!
@sean7854
@sean7854 6 жыл бұрын
Stupid greedy ass old fucks . They had enough but wanted more. I'm glad they lost it all for being greedy.
@bird718
@bird718 6 жыл бұрын
thats what happens when they don't read the fine print and have lawyers checking stuff over
@geot4647
@geot4647 6 жыл бұрын
Who would invest their whole life savings into anything? I don't see pure victimhood here.
@bdeemter1234
@bdeemter1234 6 жыл бұрын
they only way to loose all your money is to "invest" all your money, im not even 30 yet and I know that.
@davemojarra2666
@davemojarra2666 6 жыл бұрын
Greedy folks are annoying.
@jacksonei
@jacksonei 6 жыл бұрын
If it sounds too good, its a Ponzi! BittttttConnnecccttt!
@chrisprevatt676
@chrisprevatt676 6 жыл бұрын
Risk free high interest investments? A fool and his money are easily parted.
@jpmvidal
@jpmvidal 6 жыл бұрын
Look for Jesus. Whoever believes in Him and obeys Him shall be forever freed from the wickedness of this world.
@erwinkunze4091
@erwinkunze4091 6 жыл бұрын
That’s what happens when you’re greedy and want to become rich over night the easy way... You just become sitting ducks for these shark con-artists who target gullible people, they play on their ambitions and greed.
@Mom_sBasement
@Mom_sBasement 6 жыл бұрын
"Good returns, seemed to be risk free". hahahahahahahahahahahahaha! You can't fix stupid and there's no cure for greed.
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