Scams, Losses and other Life Challenges

Real Estate Agent with Mark 1 Real Estate Advisors BRE# 1053918

This week, I've talked to several very knowledgeable, very savvy business women who were mortified at the scams, losses and other life challenges that they are faced with.


One friend put a considerable amount of money into a pool of investors to buy property; was promised a great return.  The week, after an FBI investigation, the Realtor/Investor plead guilty to fraud.  Her life savings are down the drain.


Another friend put $100k into an oil and gas venture and another $100k into real estate.  Both went bust.  She's in bankruptcy court now.


Yet another friend invested all her money with a financial planner.  His was a mini-Madoff scam.  He was paying her to bring her wealthy friends to get the great returns that he was promising (and paying). I told her it was illegal, against SEC policy to pay a non-licensed individual for her procuring clients.  She told me firmly that he had been a financial planner for a long time, and I didn't know what I was talking about.     He's in prison now.


It's not just women.  I spoke to an investor (Male) this week who sent $50,000 to acquire a property, all cash.  Again, the FBI was involved.  The money was missing before the FBI shut down the office.


It's understandable why people are hesitant about trusting.  Due diligence is imperative.  These three women trusted others.  Women are relational; if we like someone, we trust them. 

What's the answer?  Start small and build trust?

I asked my mentor what would protect an individual who was working with our company from these scams.  His response?  The customer's money is always in THEIR name, not the company's account.  The property is bought in THEIR name.  And they have hundreds of testimonials from happy customers.


So, I chose to hang my hat with them; I trust their integrity.  If you're here in Orange County, or in La Jolla area, join us.  Wednesday in OC, Thursday in La Jolla.  We'll treat for dinner.  Just go to and register.


The founder of this company began investing in real estate at 21 and retired at 26.  Go to to see his story.  Join us Wednesday in OC, we'll show you a gameplan to become financially free.

Posted by


Cindy Logan

Realtor - Investor - Mentor - Coach - Author - Speaker

Mark1 Real Estate

BRE# 1053918

Nationally Representing Done for You Real Estate USA

949 354-2014

I'm Social!  Click on link below to find me on Social Media


     Facebook Icon     Linked In     Twitter






This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
California Orange County Anaheim
31 Days of May Challenge 2011
real estate scams
bernie madoff
real estate investor education

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900
Get Results Team...Just Call (408) 252-8900! - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

There are plenty of scams out there to go ahead.

May 17, 2011 08:59 PM #1
Cindy Logan
Mark 1 Real Estate Advisors - Huntington Beach, CA

Michelle, it's crazy.  And we just have to do the next thing.  Due diligence, and trust our gut instincts.  I met two of the men connected with these scams and didn't trust them.  Glad I didn't

May 18, 2011 05:30 AM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Cindy Logan

Ask me a question
Spam prevention