Archive for the ‘Charter Capital’ Category

read it here first, maybe . . .

Sunday, January 23rd, 2011

We started wondering about Triple Investments, Charter Properties in Sausalito, Scott Dixon, John Lundy, Joe Giraudo and Peter Kerman in November 2009.

While trying to save a friend’s home through the non-profit and its workshop for , an associate delivered papers to Charter Properties offices in Sausalito (image right taken November 2009 by D.A. Levy).

Nothing was apparent in viewing their offices through walls of glass, but there seemed to be questionable behind-the-scenes maneuvering by the principals of Triple Investments, Charter Properties and Lecale Investments. We were questioning the sale of a prime piece of Tiburon property . . . and its sale price, which was staggeringly low.

We are digging to resurrect our notes from November 2009 and early 2010 to see if anything makes sense.

Our first post was questioning the activities of various employees of these companies and of Lecale. These companies have just “hosted” the FBI in their offices at 2300 Bridgeway in Sausalito while the FBI burrowed through boxes of files.

Years ago, Lewis Long, an architect who worked for Desmond Muirhead Architects on a sinking barge in Sausalito, repeatedly said: “What goes around comes around,” which was his Southern black translation of “As ye reap so shall ye sow.”

And maybe that is coming about now for the companies mentioned in the top paragraph. Check www.MarinFamilyAction.com. They just might feret out Marin’s white collar thieves in this mortgage mess and have just filed a report with the District Attorney on one questionable group. “Insider trading” seems to have a lot as to who gets what.

From one of our earlier posts: “Want a duplex in Tiburon worth about $2.5 million for less than $1 million? Might be on the market soon due to lies and subterfuge. I’m serious. This all sounds nuts. Actually, it is nuts. But it is also true.”

On January 21, 2011, Carolyn Said of The San Francisco Chronicle reported:

Foreclosure auctions take place every weekday on the steps of courthouses throughout California . Now the FBI is investigating whether some real estate speculators are illegally rigging bids for these sales.

"Last week, the FBI conducted interviews and executed search warrants through the entire Bay Area as part of a long-term investigation of anti-competitive practices at trustee sales of foreclosed homes," said bureau spokeswoman Julie Sohn.

The probe is shaking up the tight-knit world of investors who bid at these auctions. The issue, sources say, is that some participants allegedly pay others to refrain from bidding on certain properties to keep their prices low.

Such bid-rigging violates the federal Sherman Antitrust Act and can carry a maximum penalty of 10 years in prison and a $1 million fine. That maximum can be increased to twice the perpetrator’s gain or twice the victim’s loss.

"There have always been rumors of collusion at the courthouse steps," said Sean O’Toole of ForeclosureRadar.com, a Discovery Bay company that provides detailed information on properties sold at the auctions. At a typical auction, many investors clutch clipboards with printouts from his website.

"If you have a small crowd of guys that talk to each other every day, it’s natural for them to say, ‘Why are we bidding each other up? Let’s just buy this and work it out afterward.’ " O’Toole said. But when he speaks to real estate clubs and others, O’Toole said, "I am very clear. I say: ‘This is illegal. Don’t do it.’ "

Most properties revert to lenders at courthouse-step auctions, which are the final step in California’s foreclosure process, but about 20 percent get sold to outside investors.

More on this issue as it affects Marin, Sonoma, Napa counties . . . and here and here, as these companies have directly affected Marin County families.

The full article:

Mit kohlenstoff https://ghostwritinghilfe.com zu kohlenstoffdioxid umgesetzt