All Forum Posts by: Carlos Ptriawan

Norada is one of the largest and successful turn key Brokers in the US.. so equity in the company is probably a very good thing while they shore up whatever it is they need to shore up.

I have a feeling that liquidation is just around the corner. There are going to more and more of these coming down the pike as interest rates continue to stay high. Life is on easy street when rates are 2% or I.O. Now, it's time to pay the piper. Curious, are the executives suspending their salaries too?

These syndications are a scam. I've been saying this for years.

Norada Capital is not strictly a syndication, but rather was selling high yield non-collateralized promissory notes, guaranteed only by their private company for which they give no financial description of what the company does or how it makes money on their website (Marco does describe the business some in an article below). Other than listing a slew of defunct, bankrupt, former American corporations whose trademarks are now collectively owned by a single E commerce company, which itself I think filed for bankruptcy or a re-organization per wall street journal last year, sorry -Firewall

Retail Ecommerce Ventures, Buyer of Moribund Brands, Hires Advisers for Its Own Struggles

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

By Soma Biswas and Andrew ScurriaUpdated March 2, 2023 10:10 pm ET|WSJ PRO

another article from Silver law group,

Retail Ecommerce Ventures (REV)

"The business model of Retail Ecommerce Ventures (REV) is to buy the rights to a bankrupt brick and mortar retail business’s intellectual property and relaunch the brands as online-only ecommerce brands. According to their website, the company’s holdings include RadioShack, Pier 1, Stein Mart, Linens-N-Things, and Modell’s Sporting Goods.

To raise capital, Retail Ecommerce Ventures turned to retail investors across the country. REV Co-founders Alex Mehr, a founder of the dating app Zoosk, and Tai Lopez, a self-help author, advertised heavily on YouTube and made media appearances, including on CNBC.

According to investors Silver Law Group has spoken to, REV claimed investors could earn up to 25% annual return by investing in the company’s unregistered private placements.

REV claims to have raised over $260 million. By late 2022, investors stopped receiving payments and were solicited for more money to help them avoid bankruptcy.

In early 2023, retailer Tuesday Morning filed for Chapter 11 bankruptcy, which was only months after REV purchased a controlling stake in the company for $35 million. Many of REV’s brand websites appear to have limited or outdated merchandise for sale, and some sites look like they haven’t been updated regularly. In December, 2021 REV claimed it would be relaunching RadioShack as a cryptocurrency exchange. Currently there’s nothing about cryptocurrency on the site."

so looks like REV paying investors/feeder fund like Norada 25%, Norada paying note investors 12-15%, Pyramids are great real estate but not good investments. REV defaulted to investors late 2022, sounds like Norada heavily invested in them from Norada's website listing all the exact same companies owned only by REV, below is article from Marco, pitching somewhat frantically in August '23, How he will.

Special Offer -- 17% Interest Promissory Notes (for a limited time) | PREI 442 – Passive Real Estate Investing

This is starting to sound like the plot of that movie "The Producers" with Gene Wilder.

I like Marco and have spoken and had drinks with him over the years quite a few times.

Decent bloke and pretty straight shooter.

Some guy going to jail pretty soon.

Also disagree with this.. I am in the same industry as Marco and his company has sold a lot of my clients that I fund properties I mean a lot.. Cant we just say an investment that is having issues instead of going right to the guy is going to jail ?? Although this investment appears to be quite different then marketing investment houses.

i was invested in one legit REIT back in 2018 that only promised 8% and all assets are secured by 100% single family, not even an apartment.

The FBI and SEC raided their office back in 2020. It was declared a Ponzi after some very smart investors are united together and gave evidence to law enforcement.

Funny we got our investment back 97% up to this day because the asset is the single family and the value keeps rising.

Now we have so so-called real estate company that re-invested investor money into another high-leverage business (outside real estate), if that's not a scam or high-leverage ponzi I don't know what that is. The business yield that high is just impossible to make.

Carlos I love your posts most of them are over my head when you do your deep dives into certain subjects .. But again having some personal knowledge of Marco and his real estate operation over the last 2 decades.. maybe a failed investment if it does not work out?.. but a pre meditated scam or ponzi.. NOPE I simply do not believe that is the case personally..

lol it has nothing to do with my post..

but in my younger ages, I saw this movie too many times, Real estate builder / lender committed suicide or they were fleeing to GuangDong province in China to hide after their real estate project gone foreclosure after some interest rate changes (kinda like the same story of our own McAfeee) ......

this kind of event from the 1980s has the same final destination lol lol

even when I am invested these days I remember these movies.....

unfortunatly the GFC caused many a suicide I knew two personally.

We had one suicide this year after a builder defaulted

0 Votes

Nashville, Tennessee

Quote from @Engelo Rumora:

Quote from @Jay Hinrichs:

Quote from @Engelo Rumora:

Quote from @Michael P.:

If only it was that easy amigo.

Bitcoin Jesus renounced us citizenship in 2014.

Didn't pay $200m in taxes I believe for 2012 (While still a citizen).

Interpol just picked him up in Spain not too long ago.

So you gotta do the fraud after you renounce your residency in order to run and have better chance of not getting dragged back to US soil hehe

well Clayton Morris just took off with the 4 to 5 mil he made selling fake houses in indy and other places.. well houses existed they just forgot to rehab them.

Good luck finding me in Croatia mate

My ex's dad who sold his financial advisory firm in 2006 to AXA Asia Pacific for $300m told me "If you're going to go to jail, don't go for $5m, go for $500m" hahaha

Basically you said that 5 years in jail is okay if you can keep 500mil in the bank considering everything :)

Don’t take it seriously is only a joke lol

1 Vote

Nashville, Tennessee

Quote from @John Clark:

You buy notes paying 12 to 16 percent and you are “disappointed” when the enterprise crashes and burns?

Credit card receivables are much more clear cut.

Yeah lol

Before I joined biggerpockets I thought people know that any investment with return above 11 percent is super high risk …

But then I realized I am minority …

I grew up with bank owners fleeing to China after interest rate hike and when I said bank owner it is literallly bank owner….

And folks that wanna 20 %yield you could invest to Turkey bond lol albeit with their currency going lower

0 Votes

Nashville, Tennessee

Quote from @V.G Jason:

Quote from @Jay Hinrichs:

Quote from @V.G Jason:

Quote from @Jay Hinrichs:

Quote from @Carlos Ptriawan:

Quote from @Jay Hinrichs:

Quote from @Carlos Ptriawan:

Quote from @Jay Hinrichs:

Quote from @Engelo Rumora:

Quote from @Paul Azad:

Quote from @Calvin Thomas:

Quote from @Jay Hinrichs:

Norada is one of the largest and successful turn key Brokers in the US.. so equity in the company is probably a very good thing while they shore up whatever it is they need to shore up.

These syndications are a scam. I've been saying this for years.

Retail Ecommerce Ventures, Buyer of Moribund Brands, Hires Advisers for Its Own Struggles

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

By Soma Biswas and Andrew ScurriaUpdated March 2, 2023 10:10 pm ET|WSJ PRO

another article from Silver law group,

Retail Ecommerce Ventures (REV)

According to investors Silver Law Group has spoken to, REV claimed investors could earn up to 25% annual return by investing in the company’s unregistered private placements.

REV claims to have raised over $260 million. By late 2022, investors stopped receiving payments and were solicited for more money to help them avoid bankruptcy.

I like Marco and have spoken and had drinks with him over the years quite a few times.

Decent bloke and pretty straight shooter.

Some guy going to jail pretty soon.

i was invested in one legit REIT back in 2018 that only promised 8% and all assets are secured by 100% single family, not even an apartment.

The FBI and SEC raided their office back in 2020. It was declared a Ponzi after some very smart investors are united together and gave evidence to law enforcement.

Funny we got our investment back 97% up to this day because the asset is the single family and the value keeps rising.

From what it looks like Carlos ain't wrong though. As much folks here love Marco and stuff, bad things can happen to anyone.

I don't know Marco, but for his sake I hope he comes out above water on this simply because of the amount of investors that are getting royally ****ed.

But just cause see someone on business transactions doesn't mean all is good in the hood. I don't care who someone is or who they think they are, it's in the times of the biggest despair it'll show there true character.

It is a failed investment if it doesn't work out. It's beyond that if he kept investments open until this minute prior to announcing a halt in payments. That is the difference.

The convertible equity play is just garbage. It means trouble has been brewing, and he did nothing to help his investors steer from it besides cap investments, especially since the underlying investment has been failing for 6 months+. As for the recent investors, he walked them right into it. That's beyond predatory, that's literally an act of fraudulent behavior.

I know we got Lame suckering folks out here, but Marco's name is on the wall despite longevity if he's on this kind of choo choo train too. Forget reputation, the aforementioned longevity it means nothing when you screw people over.

With that said, investors got to do their diligence. Just reading back what all these investments are, this is a top down payment pyramid scheme with a known and fraudulent Youtube star from the yesteryears at the top of the food chain. Shame on yall for getting in, and shame on an investment firm buying into this.

If it's truly been bust since end of 2022, let's seen audit of the books. Whose the say the new investors is what's been preserving the notes payable from Jan 24-fwd. I'm speculating here, not accusing. But I'd love to see it. If I'm a betting man I'm saying the 2024 investors is what's kept it going till June24.

I get your point of view and the post abut taking funds 2 weeks before stopping was posted after I made my comments.. so I agree I dont like the looks of that as well.. my main point is I dont think its a pre meditated scam .. Just like I dont think Open Door Capital is premeditated scam.. Just deals that are not working.. I see these pretty much the same.. ODC brought in pref equity thereby diluting their investors yet keeping their fees going.. so what about that ? its quite amazing the amount of these deals that are going south this year.. I for one did not know that all these GPs who probably trianed under gurus were doing all this short term financing that juiced day one returns anad now finds themselves in trouble.. amazing really.

I agree with all this. I don't think Norada capital programs were premediated scams, I think REV was but that's beyond the point.

Norada was hoping a rate cut in March or May to solve the headwinds going into 2024, it just hasn't materialized. That and/or restructuring of REV, the underlying investment. Given how this is playing out, they are dangling their final straws. I am fully suspecting and speculating they were fully aware of these issues at the end of 2023, and rather than acting then they are acting now. And the problem with that is they took investments between then and there, and that to me is the difference between fraudulent behavior and risk management.

ODC is not a scam, it's just a pied piper who was all luck no skill from their historical success. ODC is literally why I went into active investments at the RE level at the end of 2022. Homie is trash at this. The other syndication I invested in gave 180 answers from ODC, and were way ahead of the curve. It's my fault for investing in ODC, but I took the lesson and looked underneath the hood and enjoy the active investments now.

Misdirecting investor funds to a ponzi scheme like REV is another ponzi in itself

1 Vote

Nashville, Tennessee

Quote from @Jay Hinrichs:

Quote from @Carlos Ptriawan:

Quote from @Jay Hinrichs:

Quote from @Carlos Ptriawan:

Quote from @Jay Hinrichs:

Quote from @Engelo Rumora:

Quote from @Paul Azad:

Quote from @Calvin Thomas:

Quote from @Jay Hinrichs:

Norada is one of the largest and successful turn key Brokers in the US.. so equity in the company is probably a very good thing while they shore up whatever it is they need to shore up.

These syndications are a scam. I've been saying this for years.

Retail Ecommerce Ventures, Buyer of Moribund Brands, Hires Advisers for Its Own Struggles

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

By Soma Biswas and Andrew ScurriaUpdated March 2, 2023 10:10 pm ET|WSJ PRO

another article from Silver law group,

Retail Ecommerce Ventures (REV)

According to investors Silver Law Group has spoken to, REV claimed investors could earn up to 25% annual return by investing in the company’s unregistered private placements.

REV claims to have raised over $260 million. By late 2022, investors stopped receiving payments and were solicited for more money to help them avoid bankruptcy.

I like Marco and have spoken and had drinks with him over the years quite a few times.

Decent bloke and pretty straight shooter.

Some guy going to jail pretty soon.

i was invested in one legit REIT back in 2018 that only promised 8% and all assets are secured by 100% single family, not even an apartment.

The FBI and SEC raided their office back in 2020. It was declared a Ponzi after some very smart investors are united together and gave evidence to law enforcement.

Funny we got our investment back 97% up to this day because the asset is the single family and the value keeps rising.

lol it has nothing to do with my post..

this kind of event from the 1980s has the same final destination lol lol

even when I am invested these days I remember these movies.....

0 Votes

Nashville, Tennessee

Quote from @Engelo Rumora:

Quote from @Carlos Ptriawan:

Quote from @Chris Seveney:

Quote from @Nate Marshall:

Quote from @Dwaine Beck:

@Chris Seveney

Their notes and turnkey real estate business are separate entities. I did view their financials in January of this year they looked good to me. I'm not sure what the economic conditions are.

Bernie Madoff's

paperwork looked good as well.

I would not go to any extent to call it a ponzi scheme because of a paused distribution. There are many reasons why people will pause distributions and many companies go through times where they need to do what is best. I have no data on this but I would bet most of these offerings are not scams in any way shape or form. There is also a big difference from someone who has been doing this for 20 years and someone who started during covid (btw i do not know this sponsor but have heard they have been around a very long time). lets not jump to conclusions

in all practical matters, anyone promising s more than 13% is almost operating in practice like a ponzi.

For Lane to issue a 16% dividend, he has to increase rent by 20-25% every year. Is it possible? not possible.

And for Norada to keep giving investors 12-14% annualized, they need home appreciation to be running 18% and above. Is it possible? not possible. Either his flipper going for foreclosure, or as lender, his LTV is rising to above 100%. Do Note that even aggressive bridge lenders only promise 8% return to investors in the current environment.

Carlos,

For example, I could comfortably pay 15% annually and maybe even higher.

It's very hands on and very active involvement and consists of doing deals...

Can turn $200,000 - $300,000 over every 2-3 months doing turnkey or even quicker "wholetaling".

Picking up deals lately at 30-40 cents on the dollar.

Ramped up in-house acquisitions as wholesalers suck big time.

List on the MLS for rookie flippers to purchase at 50-60 cents on the dollar and Bobs your uncle lol

Problem with me is the OPM.

It's a responsibility and an obligation and a commitment.

I treat OPM tighter than my own ehhh

I love the saying "If I pay you, then I can F@$# you".

My mission in life is to stop getting "paid" as much as possible.

The next on my list of elimination are investors/buyers.

They are still paying me, thus are still F@$%ing me hehe

Sorry for the brashness lol

right, that works when the rate is ultra-low, real estate valuation going uo, equity investor and debt makes money. The Good thing is you do that with your money lol

but the moment the central bank change course, equity is wiped out and debt investor is having asset that's higher than the loan itself...

I started seeing these days even conservative debt fund got hit and every week comes with new surprise.

1 Vote

Nashville, Tennessee

Quote from @Michael P.:

Quote from @Carlos Ptriawan:

Quote from @Jay Hinrichs:

Quote from @Engelo Rumora:

Quote from @Paul Azad:

Quote from @Calvin Thomas:

Quote from @Jay Hinrichs:

Norada is one of the largest and successful turn key Brokers in the US.. so equity in the company is probably a very good thing while they shore up whatever it is they need to shore up.

These syndications are a scam. I've been saying this for years.

Retail Ecommerce Ventures, Buyer of Moribund Brands, Hires Advisers for Its Own Struggles

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

By Soma Biswas and Andrew ScurriaUpdated March 2, 2023 10:10 pm ET|WSJ PRO

another article from Silver law group,

Retail Ecommerce Ventures (REV)

According to investors Silver Law Group has spoken to, REV claimed investors could earn up to 25% annual return by investing in the company’s unregistered private placements.

REV claims to have raised over $260 million. By late 2022, investors stopped receiving payments and were solicited for more money to help them avoid bankruptcy.

I like Marco and have spoken and had drinks with him over the years quite a few times.

Decent bloke and pretty straight shooter.

Some guy going to jail pretty soon.

Why jail? What has Marco done wrong exactly? The investors signed up for this with full disclosure and knowledge that a negative outcome may happen.

You read his post :

so looks like REV paying investors/feeder fund like Norada 25%, Norada paying note investors 12-15%

the fun started here...

0 Votes

Nashville, Tennessee

Quote from @Jay Hinrichs:

Quote from @Carlos Ptriawan:

Quote from @Jay Hinrichs:

Quote from @Engelo Rumora:

Quote from @Paul Azad:

Quote from @Calvin Thomas:

Quote from @Jay Hinrichs:

Norada is one of the largest and successful turn key Brokers in the US.. so equity in the company is probably a very good thing while they shore up whatever it is they need to shore up.

These syndications are a scam. I've been saying this for years.

Retail Ecommerce Ventures, Buyer of Moribund Brands, Hires Advisers for Its Own Struggles

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

By Soma Biswas and Andrew ScurriaUpdated March 2, 2023 10:10 pm ET|WSJ PRO

another article from Silver law group,

Retail Ecommerce Ventures (REV)

According to investors Silver Law Group has spoken to, REV claimed investors could earn up to 25% annual return by investing in the company’s unregistered private placements.

REV claims to have raised over $260 million. By late 2022, investors stopped receiving payments and were solicited for more money to help them avoid bankruptcy.

I like Marco and have spoken and had drinks with him over the years quite a few times.

Decent bloke and pretty straight shooter.

Some guy going to jail pretty soon.

i was invested in one legit REIT back in 2018 that only promised 8% and all assets are secured by 100% single family, not even an apartment.

The FBI and SEC raided their office back in 2020. It was declared a Ponzi after some very smart investors are united together and gave evidence to law enforcement.

Funny we got our investment back 97% up to this day because the asset is the single family and the value keeps rising.

0 Votes

Nashville, Tennessee

Quote from @Jay Hinrichs:

Quote from @Carlos Ptriawan:

Quote from @Chris Seveney:

Quote from @Nate Marshall:

Quote from @Dwaine Beck:

Bernie Madoff's

paperwork looked good as well.

in all practical matters, anyone promising s more than 13% is almost operating in practice like a ponzi.

For Lane to issue a 16% dividend, he has to increase rent by 20-25% every year. Is it possible? not possible.

carlos I disagree with you on this many of us create more than 13% returns and have been for years.

that can work temporarily with the fed rate running at 0 rate but the moment the wave changes we would see equity being wiped out.

The 13% is not sustainable. If Norada re-invest to 25% dividend this is just high-leverage ponzi over high-leverage ponzi.

0 Votes

Nashville, Tennessee

Quote from @Jay Hinrichs:

Quote from @Engelo Rumora:

Quote from @Paul Azad:

Quote from @Calvin Thomas:

Quote from @Jay Hinrichs:

Norada is one of the largest and successful turn key Brokers in the US.. so equity in the company is probably a very good thing while they shore up whatever it is they need to shore up.

These syndications are a scam. I've been saying this for years.

Retail Ecommerce Ventures, Buyer of Moribund Brands, Hires Advisers for Its Own Struggles

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

By Soma Biswas and Andrew ScurriaUpdated March 2, 2023 10:10 pm ET|WSJ PRO

another article from Silver law group,

Retail Ecommerce Ventures (REV)

According to investors Silver Law Group has spoken to, REV claimed investors could earn up to 25% annual return by investing in the company’s unregistered private placements.

REV claims to have raised over $260 million. By late 2022, investors stopped receiving payments and were solicited for more money to help them avoid bankruptcy.

I like Marco and have spoken and had drinks with him over the years quite a few times.

Decent bloke and pretty straight shooter.

Some guy going to jail pretty soon.

0 Votes

Nashville, Tennessee

All Forum Posts by: Carlos Ptriawan

Carlos Ptriawan has started 84 posts and replied 7083 times.

Post: Norada Capital Management suspending payments

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

Retail Ecommerce Ventures (REV)

Post: Norada Capital Management suspending payments

Post: Norada Capital Management suspending payments

Post: Norada Capital Management suspending payments

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

Retail Ecommerce Ventures (REV)

Post: Norada Capital Management suspending payments

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

Retail Ecommerce Ventures (REV)

Post: Norada Capital Management suspending payments

Post: Norada Capital Management suspending payments

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

Retail Ecommerce Ventures (REV)

Post: Norada Capital Management suspending payments

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

Retail Ecommerce Ventures (REV)

Post: Norada Capital Management suspending payments

Post: Norada Capital Management suspending payments

The retail venture behind RadioShack, Pier 1 Imports and other online brands has hired restructuring lawyers, according to people familiar with the matter

Retail Ecommerce Ventures (REV)