Tag Archives: investor

Whole Bakers’ Bread And Butter Is Fraud

Whole Bakers owner, Patricia “Patty” Stewart, was sentenced yesterday to the statutory maximum of 60 months in federal prison for running an investment fraud scheme. The scheme defrauded investors, including elderly Texas citizens, of more than $2 million. According to documents filed in the case, from December 2005 through May 2010, Stewart, who owned and [...]

YachtOne Fraudster Pleads Guilty To Yacht-Investment Scam

On January 6, 2012, Alton Milton pleaded guilty to wire fraud in connection with a yacht-investment scam and could face between 27 and 33 months in prison with three years of supervised release and ordered to pay over $886,000 in resitution. Milton admitted the details of his crime before the Judge last week. In approximately [...]

I Was Scammed Out of Money as an Investor in a Company. – Vicki

“Dear Steve, I invested in a company, that in the beginning, was doing well for just starting out. That is until the CEO became greedy and made changes and decisions to the detriment of the company. I resigned and the agreement (signed by all shareholders) was that I would be paid in 4 payments, quarterly [...]

My Husband is a Builder and a Stock Market Investor. Do We Qualify for Debt Assistance? – Shannb

“Dear Steve, My husband has been self employed for 15 years as a builder and other among other things. For the past year he has just been an investor in the stock market. Building has not been a good trade for a while. We have taken a large loss and have high debt the debt [...]

The Banks Won’t Refinance the Investment Rental Properties I Bought Using Credit Cards. – Kyle

Kyle “Dear Steve, Quit my job to do real estate investing. Was doing well, but then banks changed lending laws and I couldn’t refinance the houses I had. I bought them using credit cards. I was able to sell one of them, but on top of living on my savings and no income, things depleted [...]