Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 13 years ago on . Most recent reply

User Stats

41
Posts
4
Votes
David M.
  • Investor
  • Colton, CA
4
Votes |
41
Posts

FBI raids Scottsdale financial firm - Remington Capital

David M.
  • Investor
  • Colton, CA
Posted

Its about time!

http://www.azcentral.com/arizonarepublic/business/articles/2011/03/16/20110316biz-fbiraid0316.html

Most Popular Reply

User Stats

782
Posts
415
Votes
Darryl Dahlen
  • Commercial Loan Officer
  • Southern Maine, ME
415
Votes |
782
Posts
Darryl Dahlen
  • Commercial Loan Officer
  • Southern Maine, ME
Replied

I've seen LOIs from RFG/RC issued on projects that little to no hope of funding where the upfront fees were substantial.

No experienced or reputable broker would ever send a loan to Remington or BlueStone.

You feed on unexperienced brokers and desperate borrowers and only serve to make my job harder as an honest broker. I can't even count how many time over the years I've worked with clients who've spent thousands with your firm only to be turned down when they never should have been engaged to begin with.

People used to make up false deals just to see if you would issues an LOI and almost without fail you would. Pathetic.

I'm glad the FBI and SEC are finally going after folks like you. The day you go out of business won't come soon enough.

Loading replies...