All Forum Posts by: Cheryl A.

I have not heard of any, nor have I tried to.   My guess is between the current climate of both loosening the reigns around private offerings, the reduced restrictions on businesses, and the general reduction of agency autonomy, any SEC complaints are falling on deaf ears.

Additionally, the optics of these cases will not warrant adequate political attention to get regulators attention.  First, most syndicators have not raised meaningful capital, at least meaningful in a business world. Second, the investor base is both not broad enough, typically, nor a sympathetic crowd to the average American.  Most are accredited, and even if you are not and in a 506(b) offering, the fact that someone has $25k/$50k, etc to invest is more than most Americans. 

I am glad I saw your post @Cheryl A. 

@Cheryl A. I am thankful I saw your post. I was looking at an offering by Blake Capital Group which is the Get To Know You Fund. Imagine, 2.35x Equity Multiple, NO FEES of any kind, ALL profits go to you, 4-8% Cash on Cash (CoC), Monthly distributions, 21+% Internal Rate of Return (IRR), 3-5 Year Hold Period, $25,000 minimum investment. Currently there are 3 assets in the portfolio (one of the lead co-sponsors in one of the assets has a good track record) - I don't know about the rest. Anyway, as tempted as I am to invest, I am now more skeptical after reading your post, because it just seems too good to be true? I am an LP in one of their offerings but what keeps me at ease is that the major sponsor is a reputable one.

The link below contains a report submitted to law enforcement on Blake Capital, currently reporting "46% historical IRRs," $1.6 billion in "total capitalization," and 1,867 fully cycled units (https://blakecapitalgroup.com/our-portfolio/). Now compare this claim, made at the exact same time with pages 4-5 of this "55% historical IRR" and where Blake Capital, in a document investors will rely upon, claims to own 33 properties and 6,436 units. Classic usage of accounting language without the scrutiny of audited financial statements--not to mention 9 points of discrepency in a "historical" number.

Here is the link to the report and addendums sent in 2024 to law enforcement.  

https://app.box.com/s/4sedcgxd2eqou5ugizjspk406zbp75aa

I have absolutely personally nothing against Mr. Djurici (also at https://qccapitalgroup.com/team/), or for that matter his two partners Joe Fairless (https://qccapitalgroup.com/team/), and Chris Salerno (https://qccapitalgroup.com/team/), because I was them....  

There is an active lawsuit against Mr Djuric in Harris County. It seems small-patato. Based on his claim of net-worth above 100M, it is strange that it has reached the lawsuit level.

https://setexasrecord.com/stories/666762037-court-activity-o...

 online defamation for what? I received one once and sent it to my attorney. This person (not Blake capital) was trying to bully me (wrong move). I was thinking - go ahead and sue, when discovery comes into play and they have to testify under oath (for example were they raising money properly and how were they managing money) - many will not want to answer that question while on the stand.