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Nicholas Torgerson Sued in Florida After Following Fidelity Land Trust and Others

According to information sent in by a tipster (send in your tips here) another domino has fallen in the efforts to stop the ridiculous land trust efforts being sold in Florida to protect homes from foreclosure.

On July 22, 2013 I wrote this article about how players in the Fidelity Land Trust scam had allegedly sucked in a willing participant, Nicholas Torgerson.

It seems the Florida Attorney General office isn’t playing around when dealing with the land trust scheme.

Attorney General Pam Bondi’s office has sued a company that allegedly preyed on distressed homeowners by defrauding them out of thousands of dollars in a mortgage relief scam. According to the complaint, Whitestone Capital Trust, LLC, Become the Bank, LLC, and Nicholas Torgerson violated Florida’s consumer protection laws by charging homeowners up-front fees and falsely misrepresenting that the defendants would cancel or void the homeowners’ mortgage.

The complaint alleges that the company charged thousands of dollars in advanced fees and misled distressed property owners by claiming that the company would work with them to help them regain the equity in their homes by permanently cancelling or voiding their mortgages. However, the company allegedly acquired titles to the distressed owners’ homes and pocketed the advance fees without providing the promised relief. The homeowners continued to remain liable for payments on the mortgage and note they believed to have been voided.

Torgerson is said to be a resident of Parkland, Florida and he was named in the previous article as assisting Paul Gallenbeck and others to try to continue the Fidelity Land Trust business after they had been shutdown by court order.

You can read the full complaint filed, here.

Nicholas Torgerson Sued in Florida After Following Fidelity Land Trust and Others
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Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • ed

    Save your breath Torgerson you moron. If you are so fuckin smart how come you can’t spell accusations ( not acquisitions asshole) ???

  • G Man

    Hey Ed we all know that this is all is ran by Robert J Vitale & owner of scam headquarters located at 4337 Sea Grape Dr, Lauderdale By The Sea, FL 33308. What happened to Rico???? http://www.sec.gov/News/PressRelease/Detail/PressRelease/1365171575058#.Ug6mG233MXg will give the public a better back round on Robert. He still needs to pay for his Hartford Law Group, The Hartford Land Trust Company, LLC, The Cambridge Land Trust & Incentive Auto Group,
    crimes??? The feds still let him scam the public waiting for sentencing joke. He’s got the best lawyers from suckers like the people in your article! Watch out public this crew will be trying to scam you from the jail! Hey Rob don’t drop any soap buddy

    • ed

      Another article about these scam artists in the Palm Beach Post yesterday. It is abundantly clear that Larry Diodato, Ed Cherry and Paul Gallenbeck brought in this idiot Torgerson to establish a “back door” to continue on with their land trust scam when their Fidelity Land Trust scam got busted. Problem is, the AG was all over it. Good to see the AG is unrelenting against these scumbags. They belong in jail (back in jail in the case of Larry Diodato).
      http://blogs.palmbeachpost.com/realtime/2013/08/16/homeowners-detail-land-trust-schemes-say-they%E2%80%99re-out-thousands-of-dollars/

      • Torgerson

        This is Torgerson to set the record straight, my Corporate Trustee Firm opened for business June 19th, 2012, more than 3 months before Fidelity was sued by the attorney general. I recommend doing your research before you make false acquisitions. As far as idiot goes, I graduated at the top of my class from a prominent Mechanically Engineering School, again nothing but garbage coming from your mouth!

  • ed

    Did you think an Attorney General injunction would stop Larry Diodato, Ed Cherry and crew ? Cmon now. Cherry has had more charges filed against him by the Fl AG that he laughs this stuff off. Larry Diodato has been charged with felonies in two states thus far. They just change the name on the door and keep rolling merrily along. Sure the AG caught up with this idiot Torgerson who was clearly operating the “fallback” land trust operation after Fidelity Land Trust got shut down but they are STILL operating ! What I find comical is that Larry Diodato is walking around telling anyone who will listen that he had NOTHING to do with the land trust scheme of Fidelity Land Trust when in his deposition, he CLEARLY admits to the AG that he is a 51% owner of Fidelity Land Trust Partners who owns Fidelity Land Trust AND that his scam debt elimination operation, August Belmont and Co (formerly The Center For Legal Justice) was not selling the land trust scam to consumers when ALL evidence shows otherwise. This scumbag, as well as Ed Cherry, is a natural born con man who does not know anything else other than making money off the backs of desperate consumers badly in need of help. I suggest you read the deposition of Larry Diodato in this case as it verifies his incredible stupidity when confronted with the facts by the AG. It is cringe worthy.

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