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Updated almost 3 years ago on . Most recent reply

User Stats

25
Posts
2
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Travis D.
  • Wholesaler
  • Montclair, NJ
2
Votes |
25
Posts

Richard Roop Ponzi

Travis D.
  • Wholesaler
  • Montclair, NJ
Posted

Good Afternoon,

I'm looking to see if anyone can provide any help or direction.  I just learned today Richard Roop and his company were shut down by the State of Colorado last year for alleged Ponzi scheme and securities charges.  I have a note on a property he owned/owns and it's coming due in 2 weeks.   After numerous attempts to contact he and his company and receiving no response I eventually searched and found out what is going on. 

My question is can anyone provide any advice on where I go from here to see if I have any chance of getting any portion of the note proceeds I'm due. It was held in a Self Directed IRA if it matter. Should I contact a Colorado attorney as that is where he and the property are? Does anyone have a referral to someone if so? I'm sick to my stomach over this now and trying to decide what to do next. Any direction is greatly appreciated! TY!

Most Popular Reply

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23,418
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13,508
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

@RIchard Roop Public record recorded documents don’t get scrubbed/removed.....unless there was some fraud/error in the original document. 

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