All Forum Posts by: David Kanarek

The SEC, Homeland Security who are investigating, 3 lawsuits with many more to come and by the way, you know who also disagrees with you? Everyone with half a brain.

Note to anyone thinking about working with this imbecile. Check his legal history. You will find some fascinating information about his previous dealings. My advice. Do not work with people who defend criminals especially when they do NOT have the facts on their side. And are just ignorant, uninformed talking heads. Check the facts with someone who is not a criminal sympathezier !! Ask where they went to law school to pontificate as if they had a clue of what they were talking about.

And above all, and most importantly stay clear of fraud defenders; it is only a matter of time this creep defends other's suspicious activity (including his own?) and that we will all be writing blogs about him.

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btw, are you the same Jay Hinrichs of "TRUE "WHOLESALE HOUSES" that was sued by the STATE OF OREGON-DEPARTMENT OF CONSUMER AND BUSINESS SERVICES DIVISION OF FINANCE AND CORPORATE SECURITIES?

If so, perhaps you could tell all of us what that was about.....

Here are the details:

Quote from @Kristi K.:

Quote from @David Kanarek:

Quote from @Jay Hinrichs:

Quote from @David Kanarek:

I can not believe that I actually have to explain this:

He continued to publicize, search out and NOT disclose any of the difficulties his business was in. He also did not disclose that he had already 3 days before suspended payments. He is in a lot of trouble, and the fact that you don't see this as wrong, immoral and probably illegal is a clear indication that you are not impartial. Why do you think the SEC is investigating this if it was all perfectly legitimate? If you are working for Norada, you should publicly declare that. In any case STOP BLAMING INVESTORS FOR THE WRONG DOING OF OTHERS !

Quote from @Jay Hinrichs:

Quote from @Chris Seveney:

Quote from @David Kanarek:

I was made aware this weekend by one of the investors on our Facebook group that Marco Santarelli on June 18th, 2024, held a "web seminar" again soliciting investors. This would be 2 days before he announced in his June 20th email (which I believe you have) that he was suspending payments to hundreds of investors because of financial problems.He did not disclose anywhere in the webinar (48 hours before the email) the difficulties that his business was experiencing which was laid out in the email 2 days later. This would appear a blatant disregard for disclosing to would be new Investors information that would have been needed to make an informed investment decision.Perhaps you already have this YouTube video. I was sent the link yesterday and here it is:https://m.youtube.com/watch?v=8QPipxwcGMg&feature=youtu.be

Dave

I watched some of this and what caught me by surprise not knowing much about Norada is:

1. he was upfront that only like 6% of his portfolio is in real estate. Were investors aware of this?

2. He mentions the risk involved in this, and that is it very high risk.

3. He also mentioned he sent out some financials but did not have cashflow statements from his book keeper and he would have those shortly. There is the potential (again depending on how often he does his books) - that he literally did not know there were concerns on the cash side of things.

I went and reviewed a webinar from August 2023 where he noted he got out of a lot of real estate investing and investing in five categories: Ecommerce 33%, educational masterminds 55% (and lists them), broadway musical and very minor in real estate and crypto. He also mentioned he never did miss a payment during this webinar.

Has anyone asked When did you realize there were issues? Was there a PPM as part of this offering? I have not heard anyone comment whether there was a PPM?

My last question based on above is, curious is, is this worth continuing discussion here on BP? This is not a real estate fund.

As all of this Norada notes flush's out its very clear to me the investors really did not understand the risks and that the risks were pointed out but investor greed for return over rode the risks.. now that these highly risky business's are not working its got to be the sponsor who is at fault and the poor investor was duped.. This is nothing more than disgruntled investors not taking personal responsibility for their choice of investment .. This is no different than picking a high risk stock and the stock goes bust.. Or those that leverage bit coin at the wrong time and lost hundreds of thousands on that play.. and for sure character assassination on the internet is not going to right the ship crazy

I do not work for Norada I have never met Marko.. my points are that you folks simply did not do enough due diligence up front and were blinded by the high returns and clearly did not understand the risks of unsecured notes/Junk bonds.. Its known as the greed factor.. U only post your versions of this that supports your narrative...

Give Marco my best.

You are as dishonest, disingenuous and corrupt as he is. At least he has the excuse of pocketing millions. What do you get out of this? Your lack of empathy and defensive of this disgusting behavior make me want to vomit.

SHAME ON YOU FOR NOT CONDEMNING THIS OUTRAGEOUS BEHAVIOR AND YOUR COWARDICE !!

Get help David. The kids on your Facebook profile need you to stay rational and provide for them. You are losing it my man. Jay is only telling you the truth and it hurts but it will get better with time.

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How dare you mention my children as you continue to defend the indefensible !!

Take note everyone considering working with Jay Hinrichs of BrokerLake Oswego OR Summerlin, NV
This is clearly someone who either does not know right from wrong or even worse, does know but defends wrongdoing and his lack of any kind of moral base doesn't allow himself to criticize bad behavior. Do you really want to work with or listen to that kind of a misguided business person? I wouldn't trust him to sell my dog's house 🏠

I call on anyone who has had a negative experience with Jay to please post about your travails with him or his business we can all be forewarned of what he is capable of doing
Quote from @Kristi K.:

Quote from @David Kanarek:

Quote from @Jay Hinrichs:

Quote from @David Kanarek:

I can not believe that I actually have to explain this:

Quote from @Chris Seveney:

Quote from @David Kanarek:

Dave

I watched some of this and what caught me by surprise not knowing much about Norada is:

1. he was upfront that only like 6% of his portfolio is in real estate. Were investors aware of this?

2. He mentions the risk involved in this, and that is it very high risk.

Has anyone asked When did you realize there were issues? Was there a PPM as part of this offering? I have not heard anyone comment whether there was a PPM?

My last question based on above is, curious is, is this worth continuing discussion here on BP? This is not a real estate fund.

Give Marco my best.

SHAME ON YOU FOR NOT CONDEMNING THIS OUTRAGEOUS BEHAVIOR AND YOUR COWARDICE !!

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Quote from @Jay Hinrichs:

Quote from @David Kanarek:

I can not believe that I actually have to explain this:

Quote from @Chris Seveney:

Quote from @David Kanarek:

Dave

I watched some of this and what caught me by surprise not knowing much about Norada is:

1. he was upfront that only like 6% of his portfolio is in real estate. Were investors aware of this?

2. He mentions the risk involved in this, and that is it very high risk.

Has anyone asked When did you realize there were issues? Was there a PPM as part of this offering? I have not heard anyone comment whether there was a PPM?

My last question based on above is, curious is, is this worth continuing discussion here on BP? This is not a real estate fund.

Give Marco my best.

SHAME ON YOU FOR NOT CONDEMNING THIS OUTRAGEOUS BEHAVIOR AND YOUR COWARDICE !!

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Quote from @David Kanarek: do you not agree that he has a legal obligation to disclose financial problems to investors?

Quote from @David Kanarek: where does it say he suspended payments 3 days ago?

Quote from @David Kanarek:

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Quote from @David Kanarek: do you not agree that he has a legal obligation to disclose financial problems to investors?

Quote from @David Kanarek: where does it say he suspended payments 3 days ago?

Quote from @David Kanarek:

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Where does it say that his business is having issues?

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Quote from @David Kanarek: where does it say he suspended payments 3 days ago?

Quote from @David Kanarek:

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Quote from @David Kanarek:

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All Forum Posts by: David Kanarek

David Kanarek has started 2 posts and replied 65 times.

Post: Beware of Norada Capital: Caveat Emptor My Fellow Small Investors !!!

Post: Norada real estate

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Post: Norada real estate