Posts tagged ‘tenant in common fraud law firm’
DBSI Executives Indicted.
Are you still trying to recover from financial losses as a result of investments made in DBSI products? If so, The White Law Group may be able to help you recover your losses.
According to a press release from the US Attorney’s Office of Idaho the CEO of DBSI, Inc., Douglas Swenson, and three top executives, including his two sons, were recently indicted on 83 counts “for conspiracy to commit securities fraud, wire fraud, mail fraud, and interstate transportation of stolen property.”
The press release states that “the defendants publicly represented that DBSI was a profitable company and had a net worth in excess of $105 million,” when in actuality “DBSI’s real estate and non-real estate business activities were universally unprofitable.”
DBSI is an Idaho-based real estate company that was founded in 1979. The company has been under investigation since 2008. DBSI investments were comprised mostly of risky tenant-in-common (TICs) and private placements offerings in commercial real estate.
“Master Lease” was one particular problematic DBSI product. According to the press release, “Master Lease” “was loosing approximately $3 million dollars a month.” In addition, “the defendants are also charged with defrauding investors of approximately $89 million from a 2008 notes offering.”
The attorneys at The White Law Group continue to investigate potential FINRA arbitration against the brokerage firms that sold DBSI products. A list of brokerage firms that sold DBSI products is available here.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of DBSI products, please contact the REIT fraud attorneys of The White Law Group at 312-238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.
Recovery of BNI Equity Real Estate Investment Losses
Have you suffered investment losses in a BNI Equities, LLC, BNI Notes, or BNI tenant in common (or TIC) investment? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration.
The White Law Group is investigating potential securities fraud claims involving broker-dealers’ improper recommendation that investors purchase risky tenant-in-common and real estate investments, including real estate investments offered by BNI.
Real estate private placement investments typically pay a high commission – often as much as 10% (which often explains the stockbroker’s motivation in recommending the investment to the investor).
The White Law Group has handled many FINRA arbitrations involving TIC and other real estate investments and have found that in many cases the broker-dealers that recommended these investments failed to perform the necessary due diligence on the investments prior to recommending them for sale to their clients. The brokerage firms also often failed to determine whether the investments were appropriate for the client in light of the client’s age, investment experience, net worth, and investment objectives.
Structured real estate investments can involve high risks and liquidity problems and in many cases brokerage firms misrepresent these risks and instead focus on the income stream that is promised (and sometimes guaranteed) by these investments. It is this income stream that often made these real estate investments appealing to retired investors who sought income during retirement, but who also didn’t realize the risks involved with these investments.
If you have questions about a BNI real estate investment you purchased through a financial professional or broker-dealer, please call The White Law Group’s Chicago office at 312/238-9650 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.
Recovery of American Investment Exchange Investment Losses
Have you suffered investment losses in an American Investment Exchange tenant in common or co-ownerships real estate investment? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration.
The White Law Group is investigating potential securities fraud claims involving broker-dealers’ improper recommendation that investors purchase risky tenant-in-common (or TIC) investments, including American Investment Exchange TICs.
TICs and other co-ownership real estate investments typically pay a high commission – often as much as 10% (which often explains the stockbroker’s motivation in recommending the investment to the investor).
The White Law Group has handled many FINRA arbitrations involving TIC and co-ownership real estate investments and have found that in many cases the broker-dealers that recommended these investments failed to perform the necessary due diligence on the investments prior to recommending them for sale to their clients.
These types of real estate investments can involve high risks and liquidity problems and in many cases brokerage firms misrepresent these risks and instead focus on the income stream that is promised (and sometimes guaranteed) by the investments. It is this income stream that often made these real estate investments appealing to retired investors who sought income during retirement, but who also didn’t realize the risks involved.
If you have questions about a TIC investment you purchased through a financial professional or broker-dealer, please call The White Law Group’s Chicago office at 312/238-9650 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.
Recovery of Triple Net TIC Losses
Have you suffered investment losses in a Triple Net TIC investment? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration.
The White Law Group is investigating potential securities fraud claims against the broker-dealers that improperly or unsuitably recommended tenant in common (TIC) investments to its clients.
A TIC investment is when a property is sold to multiple investors who then own fractional interests in the property as co-owners. The co-owners enjoy his/her share of the “pro rata” share of the net income (or expenses), appreciation, and share of the proceeds at the sale of the property. Tenants in common investors are not involved in the day to day management of the property but do retain certain other rights regarding the management of the property.
Due to the relatively high interest or dividend offered by TICs, retired investors are often attracted to these products. Unfortunately, TICs are generally unsuitable for retired or income seeking investors. First, the investments themselves are unsuitably risky because they are entirely dependent on the performance of the underlying real estate properties and the overall health of the real estate market. Additionally, TIC investments are generally illiquid, severely limiting the investors’ ability to access their funds should the need arise.
TICs typically pay a high commission – often as much as 10% (which often explains the stockbroker’s motivation in recommending the TIC investment to the investor).
The White Law Group’s investigation into the improper sales of TICs to investors includes, but is not limited to, recommendations to invest in the TICs offered by the following sponsors: DBSI, Cabot Investment Properties, Argus Realty, Covington Realty Partners, Evergreen Realty Group, FOR 1031, and Triple Net Properties (NNN).
To determine whether you may be able to recover investment losses incurred as a result of your purchase of a risky TIC investment, please contact The White Law Group at 312-238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.
Recovery of Evergreen TIC Losses
Have you suffered investment losses in an Evergreen TIC investment? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration.
The White Law Group is investigating potential securities fraud claims against the broker-dealers that improperly or unsuitably recommended tenant in common (TIC) investments to its clients.
A TIC investment is when a property is sold to multiple investors who then own fractional interests in the property as co-owners. The co-owners enjoy his/her share of the “pro rata” share of the net income (or expenses), appreciation, and share of the proceeds at the sale of the property. Tenants in common investors are not involved in the day to day management of the property but do retain certain other rights regarding the management of the property.
Due to the relatively high interest or dividend offered by TICs, retired investors are often attracted to these products. Unfortunately, TICs are generally unsuitable for retired or income seeking investors. First, the investments themselves are unsuitably risky because they are entirely dependent on the performance of the underlying real estate properties and the overall health of the real estate market. Additionally, TIC investments are generally illiquid, severely limiting the investors’ ability to access their funds should the need arise.
TICs typically pay a high commission – often as much as 10% (which often explains the stockbroker’s motivation in recommending the TIC investment to the investor).
The White Law Group’s investigation into the improper sales of TICs to investors includes, but is not limited to, recommendations to invest in the TICs offered by the following sponsors: DBSI, Cabot Investment Properties, Argus Realty, Covington Realty Partners, Evergreen Realty Group, FOR 1031, and Triple Net Properties (NNN).
To determine whether you may be able to recover investment losses incurred as a result of your purchase of a risky TIC investment, please contact The White Law Group at 312-238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.