Ps I'm all about giving back, so I would be interested in helping out some high school kids for sure, or getting involved with mentoring somehow.

Congratulate them—they now get to file two sets of tax returns and pay the associated taxes for each.Confirm all of this with a lawyer if it bothers you.

Its certainly not "guaranteed return" - thats a word to always stay away from in real estate (in finance or even investing in general)high level - its because HMLs are going to be secured by the real estate, meaning in event of default, the lender can get the property to be made whole - somewhat trust is involved, but thats the main mechanism behind it

Make sure they are just a investor so there are no ulterior motives involved.

While I am not involved - i have read the accusations and whether or not if they are true, that would scare me enough to stay far far away from anything they are associated with. 

If the person managing the synidation does not have a pre-2007/2008 track record, that is not one I would get involved in.

This is the onboarding process.The next issue we came across was "How involved do we want to be with the day-to-day operations?" 

Both times I have contacted the police, and filed a complaint, and nothing ever happened. 

There is a $500 per day penalty, up to $10,000, and imprisonment of up to two years for the WILLFUL failure to file initial or updated timely reports.Where to file the BOIR report?

There is no syndication filings by the company - did you invest in a JV deal?