All Forum Posts by: Arthur Crum

I understand your frustration with the current freeze on redemptions/distributions. We provided you accurate information on the current 1U Amendment to the SEC on our Redemption and Distribution Program. You have been provided the information and actual link to the 1U Amendment, but you still mischaracterize it within your post to this thread in your comment “the board voted to cancel all distributions”. Although I can understand you may just be using your own verbiage of the current freeze, but we have provided you the exact 1U Amendment and it is actually posted openly in this thread. We also provided you the actual link to the SEC submission.

We have held monthly (if not more) RADD REIT Update calls where our CEO has explained the timing and reasoning of the freeze, has answered questions and concerns, and the actions moving forward. We understand some investors may not open or read the email invitations for these calls, so we have addressed a more effective process to ensure no investor is left without know about the monthly update calls.

Additionally, I am aware that our Investor Relations Representative immediately reached out to you after your Better Business Bureau submission to ensure you understood and if you had any questions. Today you emailed Investor Relations asking us to make an exception in exchange for you to remove your reviews. 

Please direct any additional questions you may have to Investor Relations. If you have an approved request to withdrawal your investment, it remains approved and will be implemented appropriately when the Board of Directors lifts the freeze.

Thank you very much

You keep towing that company line @Brent Mendenhall. Know this, I will get my money back. It's only a matter of time before that debt comes due and I promise you, I will collect.   

Quote from @Barbara Radke:

I'm thinking the reason they are now saying "July 1" is to buy them more time on any type of a "redemption". June 30th is the deadline to ask for a January, 2025 disbursement, it is obvious why they chose July 1 as this enables them to not have to do any type of payout for another year!

 Yeah it's pretty apparent they aren't providing investors any money back. Apparently the withdraws that were slated for January of 2024 never went out either and then they immediately froze all withdraws. I'm sure there are a lot of people out there that will loose much more. I'm sure glad I didn't invest more than I did.  

Jay, I think in a post-covid world people have so emboldened they think they can do whatever they want and face no legal consequences. The whole RAD situation seems eerily similar to the Ponzi scheme run by "The Cashflow King' himself, Matthew Motil who was just charged by the SEC in 2023 for stealing over $11 million. Lets not forget SBF and the entire FTX collapse and the list certainly goes on. Did they ever really intend to pay their investors back? I'm interested to hear from other investors what their thoughts are on the matter? I think it's only a matter of time before the truth is revealed.  

Jay, my cousin is an attorney and he is simply looking at the contract for me. I dont care if its a dollar, if someone steals from me im comming for them. 

Quote from @Dan Jennings:

I just put $10k with them.  They seem legit but I am curious to see the real returns.

 Good luck getting your money back. They just put a lock on investor withdrawals April 1st, 2024 and lost their BBB accreditation due to the whole debacle. The January 2024 withdraws were never disbursed. I tried to withdraw my $5k after two years and was told withdrawals were on freeze until they decide otherwise. 

It appears you may know something I don't. I'm not an attorney myself but I do have one combing through the fine print of the contract at the moment. Looks like a lot of investors who were slated to receive funds on January 1st 2024 never received them and then they promptly put a lock on the "redemption program" February 1st. We shall see how things unfold but it doesn't look good.  

Hello,

I Just wanted to give everyone a quick update on the RAD Diversified scandal that is currently unfolding. As of April 1, 2024, RAD Diversified (a REIT), has officially put a freeze on withdrawing any and all funds from the REIT. If I had to speculate, I would say they are facing some serious liquidity issues. Interestingly enough, I came across an article in the Philidelphia Inquirer that raised concerns about the REIT two years ago. It's pretty much spot on. Looks like your classic Ponzi scheme. It would appear good ole Dutch has been using new investor funds to pay liquidations i.e. robbing Peter to pay Paul. I guess the well has run dry.

I myself was duped into investing $5000 (unaccredited) into the fund and will now no longer be able to liquidate any portion of my shares. The URL provided above will take you to official statement that RAD has provided to the SEC. Personally, I doubt its authenticity, but that's the direct information I was provided with from Alexander Prock, as of one hour ago. I also know that RAD's accreditation with the BBB has been revoked due to the massive influx of similar complaints that have been pouring in since the official statement was released on April 1st, 2024.

I would strongly advise ALL BP members to stay far away from this scam. I highly doubt I will ever see my money again. I would sincerely hope that the SEC has begun looking into this and/or the FBI. And, by the way, Dutch Mendenhall the CEO of RAD, has been a member of the BP community now for several years so feel free to chime in bud. Below is a copy of the SEC statement. It really makes me sick that these scam artists run rampant while the SEC does absolutely nothing to combat the issues. Anyway, please feel free to do your own due diligence but it looks like we all got got.

"On April 1, 2024, the board of directors (the “Board") of RAD Diversified REIT, Inc. (the "Company”) decided, in accordance with the terms of its Share Redemption Program, to continue the temporary freeze of the Company’s redemption program. The Company will not process any pending requests that have not been redeemed as of February 1, 2024 nor will it accept any redemption requests after April 1, 2024. Pending redemption requests will remain in queue until the Company recommences the redemption program. The Board intends to reassess this decision to determine whether to recommence the redemption program or to continue to pause the redemption program no later than July 1, 2024."