Bert Whalen sentenced in multi-million dollar real estate Ponzi scheme

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Russell BrazilBusiness Member
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Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
1y

Well that certainly is a positive. It's unfortunate that Clayton Morris seems like he will never be brought to justice. Perhaps it's a negative reflection on the fact that fame and celebrity often in this country give individuals free reign to commit crimes with out penalty of consequence. 

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    1y

    why do you think Morris got away with it.. he pocketed millions and for sure knew what was going on. ???? 

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  • Russell BrazilBusiness Member
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    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    1y

    Well that certainly is a positive. It's unfortunate that Clayton Morris seems like he will never be brought to justice. Perhaps it's a negative reflection on the fact that fame and celebrity often in this country give individuals free reign to commit crimes with out penalty of consequence. 

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  • Joe S.Pro Member
    Investor · San Antonio · Member since 2020 · 3k+ posts · 3k+ votes
    1y
    Quote from @Russell Brazil:

    Well that certainly is a positive. It's unfortunate that Clayton Morris seems like he will never be brought to justice. Perhaps it's a negative reflection on the fact that fame and celebrity often in this country give individuals free reign to commit crimes with out penalty of consequence. 

     Good point. On the other hand, sometimes fame and celebrity can get somebody singled out to be harassed when they would not possibly have been at had they not been a high profile individual.. IMO

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  • Steve K.
    Realtor · Boulder, CO · Member since 2016 · 3k+ posts · 5k+ votes
    1y
    Quote from @Tony Cook:

    I'm a reporter at the Indianapolis Star who has covered the Clayton Morris and Bert Whalen saga over the years. Here's the latest: Bert Whalen was sentenced Tuesday to more than 3 years in prison.

    Good for you for covering this story. A friend of mine bought some houses from them that he thought were occupied and running smoothly because rent checks always came through on time. Once the news came out, he flew to Indy to check on the properties and found out they were actually vacant, unoccupied and had never been remodeled like he had been told that they were. They were rundown and unlivable. Luckily the market had moved in his favor so he was able to sell and didn’t lose that much money. But he did take a loss that set his family back quite a bit, caused a lot of stress in his marriage, prevented them from being able to buy the new home his wife wanted with the right number of bedrooms for his kids, set him back years in saving for retirement and buying investment properties that could have made him money instead of losing money, etc. And he’s an electrician not someone who can lose money like that and not feel it. 
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  • Gregory SchwartzBusiness Member
    Rental Property Investor · College Station, TX · Member since 2016 · 1k+ posts · 1k+ votes
    1y

    As long as there is real estate, there will be scammers. You'd think with all the information out there that it would be harder to pull the wool over people's eyes. But I guess not. Glad to see some justice.

    The next round of scams will be people raising money for new deals but then using those new funds to bail out previous deals—be it flippers who can't sell or apartment investors facing refinance rates and decompressing CAP rates.

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  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
    1y

    Bert looks like he's wearing those pants in the "your boss doesn't know how to use technology" memes...

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