All Forum Posts by: DJ Arora

 I think sometime it is time. I search few area and there I see Naroda names along with other promissory notes I was looking for to diversify my investments. Naroda were in Money show also as presenter. RADD also show up along in Multifamily investors. Wonder if they were advertising a lot that time when I invested so they pop up everywhere. 

 I also invested in RADD Diversified and RAD America. I am also trying to get my investment back so I can pay my Kids college Fee. I  tried several time to request application to get my money back but never got it. 

DJ

I do agree somewhat with Jay H though as we are not sure if the money is gone. But this is a good time to get through details as to where we are in the process and what is out investment status and prepare for worst, if any. Not sure if we can get our hands on any financials of the company? Don't they have to provide the financial statements to SEC or regulatory authority? Also the question is even if they move the funds to some Equity based fund will their be any monthly returns of interest as promised.

IF we need an attorney what type of attorney will be need in this case? 

Some of the investment I heard Norada was trying to invest in company who sell Event tickets. Not sure how good is that business as my son had made that software in couple weeks to sell School/college tickets online. 

DJ

Paul, 

I heard the Norada team on Money Show platform and few other reputed multifamily vendors. I made some wrong assumptions about vendor due to that platform hoping that platform/Money show team must have done their thorough investigation before putting companies on their platform. At that time, I did some investigation but  as detail I do now. I was told that Norada invest in e-Commerce companies. Some of the name were familiar. They sold me as "Predicable income with promissory Note" . They had 20 companies in their list.  I had downloaded those broachers.  I was coming out of Stock market and wanted to diversify so invested some in Norada and some in Multifamily. I was hoping the interest payment will be helpful in paying my kids college Fee and some passive income to Retirement account. 

So I invested both personally and from my Self directed IRA. I was promised 15% Annum return. The stopped the payment in June. I invested 15-20% of portfolio but that is lot for me.

Keep me updated on any collective action on this investment.

DJ

 Alex - Similar experience with Norada investment!