Matt Motil Cleveland Private Money

[Kyle Collette]

Hi all, has anyone else here loaned money to Matt Motil in Cleveland? We have a note coming due on May 1, but haven’t received April payment and have not heard from him in a probably 2 months. Just seeing if anyone has another way to get in contact with him. Thanks

[Jay Hinrichs]

Originally posted by @James Wise:

Originally posted by @Kayla V.:

I also lent money to Matt back in February of 2020. He was paying until February of 2021, but that's when he went dark. He won't respond to any of my messages. 

He sent out a mass email with all investors bcc'd at the end of March that claimed he was going to start selling properties to service the debt, which made me hold on getting a lawyer involved. But I haven't heard anything yet and this thread is making me think it may be time. 

 Sorry to hear about that Kayla. In a situation such as yours, the smartest move is to lawyer asap. You want to get in there and try to recoup as much of your damages as possible as soon as you possibly can. 

In the majority of fraud or Ponzi Scheme cases the common theme seems to be that the money is mostly gone, and whatever is left runs out before a large portion of the victims are made whole.

JIm,  you know this guy  Dr. Motil has a pretty impressive resume' I can see where folks would lend to him  .. I wonder if you had a little robbing peter to pay Paul going on and the eviction moratorium and non payment of rent upset the apple cart.. JUST  spitting in the wind on that one. 

One thing is for sure certain Ghosting lenders/ investors is about the worse thing you can do as a sponsor even if your communications are bad news.. You need to communicate ..