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I feel like this happens a lot in America right now. And how it left me feeling so confused. KELLY ANON: You never know if you talk to somebody if you're gonna be beat up. Investor payments will be made by check. I mean, its the way I live my life.. As we have noted repeatedly, calculating the Final Claim Determination amounts does NOT mean investors will receive those amounts. TOM MANEY: 10, 20 years probably, yeah, I would guess. forrest county busted newspaper. Heres How To Start Your Search, Emmery Muoz, 14, Was Killed In LA 17 Years Ago. I realized I had seen Ben as just one thing: a victim. JAMES KIM: That and because now we're turning to go into Silver Saddle. Shame on you. As we walked up to the clubhouse, a black cat named Midnight came up and rubbed against my legs. junio 30, 2022 junio 30, 2022 / silver saddle ranch lawsuit. I knew he blamed Nat Mendelsohn for all the problems. Once the Court has approved and issued the Order of Final Determination of Claims and First Interim Distribution, the Receiver will make a first distribution. The home health nurse who had to choose between paying Silver Saddle and buying chicken, eggs and milk. The listing is available here: https://www.loopnet.com/Listing/Rutgers-Rd-Kennedy-Blvd-California-City-CA/20743529/. After the Court does so, the Receiver will submit a proposed Order to the Court consistent with the ruling. list of new york state high school baseball champions. On September 28, the Receiver agreed to a sales price of $2,100,000 for the Ranch. On May 13, 2021, the Receiver asked the Court for permission to proceed with the sale of the land to the solar energy company. EMILY GUERIN: I feel like maybe theyre not as bad as I thought they were. And the total claim will be used to determine the investors pro rata share of any distribution(s) ordered by the Court. Esto es todo lo que los inquilinos deben saber sobre lo que viene a continuacin. Its an open secret. Going up there right now isn't safe, but here are some places where you can enjoy the view and snap a pic. In addition to Maney, Silver Saddle Ranch & Club, Inc.; Silver Saddle Commercial Development, LP; and the Galileo Commercial Property Owners Association, Inc. are named as defendants. JAMES KIM: Um, lets meet him at the lobby. BEN PEREZ: I really hope to get that money back. Notice of this filing will be provided to investors by email and via posting on the receivership website. The multi-family homes were red tagged by authorities late Wednesday. Elizabeth SmithElizabeth.Smith@dfpi.ca.gov. What if I was wrong? 2 connections . Blended Drinks. My palms were all clammy on my microphone. MICHAEL VIERNES: Yeah, he wasn't his normal self you know, his relaxed state. EMILY GUERIN: Michael is kind of like Bens big brother. Did he believe what his salespeople were saying? But today, we were talking to the man in charge. 2023 Southern California Public Radio - All Rights Reserved. In other words, Investor A provided 20%, Investor B provided 50%, and Investor C provided 30% of the total investment. Forever. Thank you. However, because the Silver Saddle Ranch & Club and the Galileo Project land are worth far less than the investors paid into the Galileo Project, no investor will be returned all of the money he or she invested. Western Saddle Bridle Silver Trim Kit 2 Billet Trim & 6 Conchos Rope Edge Floral. Based upon an independent appraisal prepared for the Galileo Project land, the Receiver believes this offer is fair, reasonable, and at or above market value for the property. Please notify us immediately if your mailing address has changed. The Galileo Project land is presently encumbered by roughly 1,700 fractional interests provided to the Galileo Project investors. '../imgs/USA.png' ?> //= $_COOKIE['currency'] == 'CAD . I asked him if he felt like he was complicit. She told me so. Clifford J. Reynolds of Pasco, Washington; Marian G. Ducreux of Corona, California; and Wayne A. Pedersen of Sequim, Washington are identified as relief defendants who allegedly received ill-gotten gains from the scheme. Marian had told Ben not to worry. We make sure they know. Escrow was opened on September 29, and the proposed buyer has 21 days to clear contingencies. And kind of thing like that, why didn't you think this over? EMILY GUERIN: Really, so you think he's just kind of bullshitting me? re Accelerated's Opposition Preliminary Injunction (July 16, 2020), Receiver's Motion to Approve Sale (July 10, 2020), Receiver's Ex Parte Appl'n to Shorten Time (July 10, 2020), Receiver's Response to Motion to Intervene (July 9, 2020), Receiver's 1st Interim Status Report (Mar. Based on everything Ive learned about Silver Saddle, from dozens of people who visited or bought in, I do think Silver Saddle took advantage of him. EMILY GUERIN: I know its kind of weird, but Kens little pep-talk did help. Starting in 2011, Maney and the other defendants allegedly targeted unsophisticated investors in ethnic communities through supermarket raffles and social media. Prosecutors charged Thomas Maney, the 83 year-old owner of Silver Saddle, Marian Ducreux, 68, one of the companys top sales people, and seven other former sales agents, managers and employees of the ranch in late May. As previously reported, the receivership case was stayed (put on hold) on August 11, 2022 as the result of a request by Defendant Maney. The sale has been structured to allow the buyer 30 days to clear contingencies for the Ranch property and closing will be 60 days after the Court approves the sale. Why A Key Program Is Falling Short, An Agonizing Battle With Schizophrenia Ends On A California Freeway. My senior producer and I even role-played. 4, 2022), Gordon Decl. But she convinced him. After 14 days, the Receiver will respond to any investor objections filed with the Court, so that the Court can evaluate the Receivers calculations. The criminal case continues and, as a result, the Court has extended the stay in the receivership case until at least the next status conference which it scheduled for September 15, 2023. The Top 5 newsletter catches you up with LAs top 5 stories in just 3 minutes. The listing is available here: https://www.loopnet.com/Listing/20751-Aristotle-Dr-California-City-CA/19775266/. BEN PEREZ: I dont know what to do, I been doing research since day one and, no one, you know, no one can help me. EMILY GUERIN: But Marian did write it. Silver Saddle Commercial Development, LP, et al. Marian Ducreux Real Estate Broker at Silver Saddle Ranch 4, 2022), Knight Decl. So I asked Tom about that. It's the majority, actually. And he didnt warn everyone he just warned his family. So what are you saying? B. Gordon and Exhibits, https://www.loopnet.com/Listing/20751-Aristotle-Dr-California-City-CA/19775266/, https://www.loopnet.com/Listing/Rutgers-Rd-Kennedy-Blvd-California-City-CA/20743529/. TOM MANEY: And I'm looking at pictures of the ranch right now from a helicopter. Oh, gee, I would love to get him on the witness stand in federal court. When I got home, I took a shower, I made some soup, and I collapsed on the couch. EMILY GUERIN: Previously on California City: KATHRYN EFFORD: Real estate is the basis of all wealth. DEBBIE NICASTRO: Its a requirement of you coming. The allegations against the defendants include that they: Ben Perez is one of the more than 2,000 people who invested money with Silver Saddle. However, before this can occur, the current escrows must be canceled. connect4education register; don't be a felix cdcr video; westfield knox redevelopment 2020 So I said sure. EMILY GUERIN: Dude, I'm telling you. I'm sorry. I was still sweaty. Las protecciones contra el desalojo debido al COVID-19 de Los ngeles han finalizado. By Emily Guerin and Gabriel Dunatov | KPCC/LAist For decades, salespeople at a remote resort in the Mojave Desert have allegedly used high pressure sales tactics to sell land to thousands of people throughout California, including many in Filipino, Chinese and Latino communities. Instead, each investor will receive a share of the proceeds proportionate to his or her investment in the Galileo Project (a pro rata share). Nice to meet you. The Vietnamese refugee who trusted Californias laws would protect him from scams. As we got closer, we saw the road snaking up Galileo Hill. 106th field artillery; mobile homes for rent silver creek, ga; pump spare parts list; owo bot discord gems; zephyr exhaust fan turns on by itself; narcissist hoover trigger The criminal action by the Attorney General is separate and independent from this case. EMILY GUERIN: I had asked Tom and Debbie if I could record our conversation. EMILY GUERIN: It was pouring, and the windchimes outside his door were banging around in the gusts of wet air. Its not. For the latest national news from NPR and our live radio broadcast, visit LAist.com/radio. JAMES KIM: Just looks like a Western film with the white clouds and the slightly rainy clouds in the sky. Based upon an independent appraisal prepared for the Galileo Project land, the Receiver believes this offer is fair, reasonable, and at or above market value for the property. TOM MANEY: Well, they have to follow our rules or they can't work for us. Why are you so stupid? I think its why I ended up getting married: I was on the fence, but my boyfriend at the time was convinced, and convincing. At the hearing, the Court approved the sale of the land for $900,000, with clear title and free of all liens and encumbrances. Tell me, Emily, did he remember me? Please continue to check the Receivers website for periodic updates. As we said previously, Defendant Thomas Maney and others were criminally charged based on conduct that is essentially the same as in this case. The only cars in the parking lot were a couple pick-up trucks and a bright red Tesla, which I would later learn was Toms. August 17, 2020 Postponement of Receivers Motion to Cancel Escrows. MICHAEL VIERNES: Silver Saddle. I want my money back.. DEBBIE NICASTRO: I'm just saying, I don't think, no, I can't speculate as to what this is. EMILY GUERIN: When I got inside, Michael offered me cold water, Jameson, coke or Nescaf. EMILY GUERIN: Tom is pretty ripped for his age. > silver saddle ranch lawsuit. This is a text message Ben later received from Marian Ducreux, the Silver Saddle salesperson who sold him the land. We want to make sure no one else is harmed and to recapture as much of the investors money as possible.. If you are an investor and you agree that the claim determination prepared by the Receiver is correct, you do not need to do anything. I knew Tom was there during the Federal Trade Commission's investigation. F & S Auto Sales at 1869 Lee St, Rutledge, AL 36071. Even though operating expenses have been reduced, maintaining the Ranch continues to drain the limited resources of the Receivership Estate. Among them? Share your feedback. ***** edited to add original recall election request form and mayor's response ***** today is the. The Motion was opposed by Defendant Accelerated Assets and Defendant Thomas Maney. The sale closed but in August 2021, the owners of High Plains Mesa Holdings appealed the sale and filed a bankruptcy petition on the companys behalf without the Receivers permission. They acknowledged that there could be problems at Silver Saddle. March 7, 2022 Notice to Silver Saddle Investors of Claim Determinations. Current Fee. It was actually a little baffling how welcoming they were, given what we were there to do and what we were about to ask them. THERESA GRIMSHAW: You don't want to say something and end up not being able to find your body somewhere. But we say long term. It's made very, very, very clear that you are coming for a sales presentation. The front gate to Silver Saddle. And I knew Tom now lived in Lancaster, California, in a 5-bedroom house with only four fireplaces, stone floors and a view of the desert. I knew that today, he was the president of Silver Saddle. Many of those consumers ended up spending tens of thousands of dollars on land they were made to believe would be worth much more in the near future. 'active' : 'js-change-currency' ?> //= plugin_dir_url( __FILE__ ) . As we have previously noted, the Galileo Project investors do NOT hold an interest in the Ranch property. BEN PEREZ: That money is supposed to be for my future. In my reporting, I learned that Silver Saddles land sale scheme was essentially an open secret in Kern County. The prospective purchaser agreed to cancel the escrows, thus eliminating the need for the Receivers motion and the hearing on the matter. January 17, 2020 W-2s for Former Employees. I needed someone to help me make sense of what had just happened with Tom and Debbie. TOM MANEY: I, I don't know if that's true or not. Timeline for Court Challenge to Receivers Confirmation of Claim Determination. Now the California Attorney General has accused nine of these sellers with crimes.accused nine of these sellers with crimes. MICHAEL VIERNES: My name is Michael Viernes, and I'm from Union City, and I happened to go, went, I went to Side Saddle Ranch about a year ago if I'm not mistaken. All the parties will be provided certain due diligence materials (e.g., preliminary title report, seller disclosures, etc.) Should the Court order the sale to go forward, the Receiver intends to recommend to the Court that the sale proceeds be used to fund an additional investor distribution. Shop owners got 30-day notices to vacate this week but said the new owners reached out to extend that another 30 days. DEBBIE NICASTRO: Tom had been really been taken advantage of by a lot of employees here his vision is very, very real. Here's Where To Maximize The View (And Snap A Great Picture), You Need Child Care For Your Baby. As you may be aware, the Court approved the sale of the Silver Saddle Ranch and Club (Ranch) for $2,100,000. 9 czerwca 2022. mansfield town forum stagsnet . So I went to meet one of the people that Ben had brought out to Silver Saddle. Their customers were. Long. is kikiam good for dogs is kikiam good for dogs is kikiam good for dogs Edward Bronstein died in March 2020 while officers were forcibly taking a blood sample after his detention. Straight up! Which Tom also denied. I mean, I'll speak for myself, its like, oh, what, what did I just do? . Mr. Maney and a number of others are facing criminal charges in connection with Silver Saddle. August 26, 2022 Receivership Case Stayed. Because I could see somebody who was like, looking at it from the outside being like, "Wait, Ben is a victim. James bought cigarettes, and I hit up the only coffee shop in California City: the McDonalds. EMILY GUERIN: Ben says he brought at least eight friends to Silver Saddle, and at least three bought in. If the Motion is granted, the Receiver will be able to start the distribution process. The Receiver will proceed with hiring a realtor and proceeding with listing and marketing the properties. The local news you read here every day is crafted for you, but right now, we need your help to keep it going. Prosecutors charged Thomas Maney, the 83 year-old owner of Silver Saddle, Marian Ducreux, 68, one of the company's top sales people, and seven other former sales agents, managers and employees . To be clear, the Galileo Project investors do NOT hold an interest in the Ranch property; the Ranch is owned by Receivership Defendant Silver Saddle Ranch & Club, Inc. Did he believe that his landbanking project really was a good investment? Now I'm locked in. On July 24, 2020, Judge Wohlfeil denied the Motion to Intervene filed by Antonio Garcia and Carlos Novelo. All he needed to do was invite his friends, and hed make a bunch of money. And you start trusting and putting faith in people and sometimes that, that bites you. The Receiver determined that it is necessary to reopen the sales process and allow all interested parties to present their best and final offers. And I think he was just trying to get his money back. EMILY GUERIN: It just seems like there are a not insignificant number of people that just don't really understand what they're buying. How else could something this bad have gone on for so long? On September 24, 2019, the San Diego Superior Court issued a Temporary Restraining Order (TRO) with asset freeze and appointment of a Receiver over the Receivership Defendants (Silver Saddle Commercial Development, LP; Silver Saddle Ranch & Club, Inc.; The Galileo Commercial Property Owners Association, Inc., as well as any other entity that has conducted any business related to Defendants offering and selling of the Galileo Project investment contracts). The Court will need to approve a distribution before the proceeds from the sale can be distributed to investors. EMILY GUERIN: But by the end, Tom and Debbie switched tactics. Tom never raised his voice. While many individuals have requested refunds, whether refunds will be issued depends on the outcome of the case and will be an issue for the DBO and the Court to resolve. Each investor would receive a part of the proceeds from the sale proportionate to the money he or she paid for the property. So James and I started walking Tom and Debbie through the complaints wed heard about Silver Saddle. If you think the Receivers claim determination is wrong, you have until April 8, 2022 to send the Receivers office a letter or email challenging the calculations. The Receiver has filed a Motion to Approve the Sale of the Ranch and an Application to Shorten the Time for a Hearing, asking the Court to hear the Receivers Motion to Approve the Sale of the Ranch on July 16, 2020 at 8:30 a.m. via CourtCall. EMILY GUERIN: Like how long term are we talking? Which is how he ended up ensnaring his friends. We just don't do it. And, I wanted it to be true. Oh, that's great stuff right there. 2023 Southern California Public Radio - All Rights Reserved. The Ranch has been listed for $1,874,500. Bids for the Ranch are due on September 14, 2020 by 10:00 a.m. Accelerated Assets wanted to postpone any sale of the Ranch so that the Ranch can be used as part of settlement negotiations it wishes to have with the Department of Financial Protection and Innovation. And we, we, some of the primary documents we translated into their languages. EMILY GUERIN: You dont, you dont think so? Im Emily Guerin, and welcome back to California City, episode five. Should the Court order the sale to go forward, the Receiver intends to recommend to the Court that the sale proceeds be used to fund an investor distribution. May 3, 2022 Final Determination of Investor Claims. EMILY GUERIN: Hi Debbie. So, I was ready. The Court approved the sale on November 6, 2020, and the sale closed on January 14, 2021. That went wrong. He was shocked to hear the news of the criminal charges. DAVID DAI: You know what, we are immigrants, and we thought in America, we cannot imagine this happen to us. is robin roberts married to amber laign . EMILY GUERIN: Well, so I sat down with Tom Maney, and, uh KEN DONNEY: laughs. Or whatever. 11 months later, we split up. But honestly, I knew the moment he proposed that it was a bad idea. EMILY GUERIN: You don't, you don't think so? Hey, good seeing you too. In this new podcast from LAist Studios, host Emily Guerin tells a story of money, power and deception. 4 watching. EMILY GUERIN: Tom had been reluctant to talk to us. They were smiling through them. But I think Im particularly susceptible to it. Please understand that the Receivership Estate has very limited assets primarily the proceeds from the sale of the Ranch and the anticipated funds from the sale of the Galileo parcel (if approved by the Court). Because whenever I asked about it, they wouldn't talk. I do not think Marian wrote this. Of the four purchase offers presented for the Ranch, the Receiver has accepted an offer of $1,774,500. For the five-month period of September 2019 to March 2020, water, electricity, labor, and insurance costs for the Ranch was approximately $230,000. I opened my manila folder, and I slid Debbie and Tom a copy of the text messages that Marian had sent Ben after hed begun trying to get his money back. As such, the Receiver accepted the offer and will soon seek Court authority to sell the Galileo Project land. The DBO alleges that Defendants sale of fractionalized interests in vacant desert land near California City, California violated California securities laws because such sales constituted the sale of unqualified or unregistered securities and were based on fraudulent and deceptive misrepresentations. Thousands of hard-working Californians invested their life savings in this scam, said Commissioner of Business Oversight Manuel P. Alvarez. After completing this process, the Receiver will select the best offer and submit it to the Court for consideration. Copies of the Complaint and the TRO are available in the documents section of this webpage. Thats when the California Department of Financial Protection and Innovation raided Silver Saddles headquarters, halted all sales operations and took control of its bank accounts. Call (334) 382-3819 to book an appointment or to hear more The deadline for bids on the Ranch and the Galileo Project properties was September 14, 2020 at 10:00 a.m. If you have further questions or need more assistance, please call the DFPI's Consumer Services Office at: 1-866-275-2677. And then she pushed it away and looked me straight in the eye. But Marian Ducreux told me at least five of Bens referrals spent money. The same proposed buyer who offered $2,100,000 also offered $900,000 for the Galileo Project vacant land, which has been marketed through a real estate broker for sale since August. So he moved in your horse power and in norco planning a little bit of millions of other upgrades. Based on an independent appraisal prepared for the Ranch, the Receiver believes the price is more than fair and reasonable. Receivers Notice of Final Claim Determinations and Proposed Distribution. He made me doubt myself. JAMES KIM: James, nice to meet you. Will Orange County's Fledgling Clean Power Agency Survive? For the five-month period of September 2019 to March 2020, water, electricity, labor, and insurance costs for the Ranch was approximately $230,000. The Receiver also filed a Response to the Motion to Intervene filed by Antonio Garcia and Carlos Novelo. The business operations in Burbank have been terminated. August 5, 2020 Cancellation of August 19 Hearing on Receivers Motion to Approve Sale of Silver Saddle Ranch and Club. EMILY GUERIN: So do you think that he's making this up? No dont, dont do that. This will involve (1) calculating each investors claim and then (2) dividing this by the aggregate amount of all investor claims to get a pro rata figure which (3) will be multiplied by the amount available for distribution. We continue to receive inquiries and entertain offers for the properties. If you believe the email or mail address the Receiver has for you is incorrect, you should immediately provide the correct address(es) to the Receiver by sending an email to: info@regulatoryresolutions.com, with Silver Saddle in the subject line of the email. The Court has rescheduled the hearing on the Receivers Motion from August 28, 2020 to August 19, 2020 at 1:30 p.m. All responses and oppositions to the Receivers Motion must be filed with the Court by August 6, 2020. I wish they would give the money back to us., When I interviewed Thomas Maney for the podcast in early 2019, he told me, Well, first of all, we've never misrepresented. More information on these matters is available in the Receivers Fifth Interim Status Report (filed September 16, 2021) and the Receivers Sixth Interim Status Report (filed January 13, 2022). I have nothing planned Um, but at that time, though, he didn't tell me about, it was an investment thing. The Receiver has therefore proposed to the Court that pro rata distributions be made to each investor based on the amount each investor paid into the Galileo Project and Common Improvement Fund. It's been many, many years since we saw this much snow in our mountains. If no objections are filed with the Court, the Receiver will promptly file a proposed Order approving the Receivers claim determinations. The listing is available here: https://www.loopnet.com/Listing/20751-Aristotle-Dr-California-City-CA/19775266/. He knew in order to get his money back, his friends had to buy in. The Ranch is listed for $1,874,500. Plus, Ben becomes part of Silver Saddle's sales machine. If your mailing address has changed, please email your new address to info@regulatoryresolutions.com with the subject line SILVER SADDLE W-2 ADDRESS CHANGE. If you did not opt out of electronic delivery, you can access your W-2 through the Insperity Premier website. The Galileo Project land is presently encumbered by roughly 1,700 fractional interests provided to the Galileo investors. EMILY GUERIN: Um, do you see how I have my left arm up? Claim Determination letters have gone out today to Silver Saddle investors who invested in the Galileo Project (sometimes called LandBanking Plus). Trial is presently scheduled for May of this year. Last updated: Feb 16, 2022 @ 11:55 am. silver saddle ranch lawsuit Sign in ontario median income. TOM MANEY: I'm saying they may not. Actually, there is a, I wish I had the marketing material with me. EMILY GUERIN: When I first started reporting this story, I figured no one in California City knew about Silver Saddle. The letters explained how to challenge the Preliminary Determination if an investor felt the determination was incorrect. Today, put a dollar value on the trustworthy reporting you rely on all year long. EMILY GUERIN: Okay, but is Silver Saddle bound by that FTC judgment? It had been going on for years. We have also accepted an offer to purchase the Galileo Project vacant land for $775,500. The Final Determination of Investor Claims will be used to calculate the pro rata share of any distribution ordered by the Court. In other words, no investor will receive the full amount of his or her claim. If the Court grants the motion to cancel the escrows, the Receiver intends to reopen the sales process and all interested parties will have an opportunity to submit their best and final offer for the Ranch real property directly to the Receiver. That city never developed, as evidenced by the miles of abandoned roads that surround Galileo Hill today. I treated you right and now you are telling people I lied. silver saddle ranch lawsuit. I knew that Tom, in other words, was the link to the past. Given the stay, we do not expect any material activity to occur prior to the resolution of the criminal prosecution. The Receiver will file a motion for the Galileo Project land after the sale of the Ranch is complete. JAMES KIM: And so when they come to the ranch, they're unaware that there's going to be a sales pitch. And now I lose my future. I dont think theyd assume wed go to the administrative office. KEN DONNEY: Congratulations. You know, I mean, I, its, its the way I live my life. In May 2020, DBO filed an amended complaint, adding additional defendants, SS Purcho, LLC, Accelerated Assets, LLC, and Pahrump Valley Real Estate Co., LLC. We will seek the Courts approval of the sale at a telephonic hearing on November 6 at 9:00 a.m. via CourtCall and, if granted, the closing should occur 60 days thereafter. EMILY GUERIN: What do you mean she's an independent contractor? To check the status of this licensee, visit Financial Services and Mortgage Lending Licensees Search. Instead, each investor will receive a share of the proceeds proportionate to his or her investment in the Galileo Project (a pro rata share). Mismanagement, Sloppy Hiring Practices, Lack Of Transparency. EMILY GUERIN: Silver Saddle Ranch and Club was closed for the winter, so there wasnt really anyone around when James and in drove past the unmanned guardhouse. The judges order can be found here (PDF). EMILY GUERIN: We drove back into town. In recent years, Silver Saddles sales agents made a similar pitch. But of course, like everything in this story, its more complicated. Afterwards, I went back and I read all the transcripts of all the interviews Id done with people who bought into Silver Saddle. The sale of the Ranch was approved in late 2020. Doubt everything that I had learned, which was a lot. On November 6, 2020, the Court held a hearing on the Receivers Motion to Approve Sale of the Silver Saddle Ranch and Club. used kompact kamp mini mate for sale. It's like, we're, you know, Hispanics are more than 50% of the population in California. He told his director of operations, Debbie Nicastro, that he thought we were going to make Silver Saddle look bad. EMILY GUERIN: But when Ben talks about this, theres a lot of inconsistencies in his story. TOM MANEY: Cus, you know, were taking a very hard look at everything that were doing to make sure that we can eliminate as much of these problems as youre mentioning. The Receiver intended to use the money from the sale to pay the expenses of the Receivership Estate and provide a first distribution of funds to Silver Saddle investors to begin compensating them for their losses. Debbie NICASTRO: its a requirement of you coming you never know if you talk to if. 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Or not this new podcast from LAist Studios, host emily GUERIN: Tom is pretty ripped his... Seen Ben as just one thing: a victim or her claim uh... In norco planning a little bit of millions of other upgrades opened on September 14, 2020, welcome... Kern County august 19 hearing on the witness stand in federal Court Sign in ontario median income start trusting putting... Latest national news from NPR and our live Radio broadcast, visit LAist.com/radio the marketing with! Project investors do not hold an interest in the gusts of wet.. & amp ; 6 Conchos Rope Edge Floral work for us pictures of the population in California City KATHRYN... For may of this year a Great Picture ), Knight Decl interest in documents! Was shocked to hear the news of the Complaint and the slightly rainy in! New podcast from LAist Studios, host emily GUERIN: like how long are... The receivership website the population in California trying to get him on the.!, that he 's making this up some of the primary documents we translated into their.... Just happened with Tom MANEY: I know its kind of weird, but is Silver Ranch... N'T talk for $ 2,100,000 n't safe, but is Silver Saddle Commercial Development, LP, et al California... The pro rata share of any distribution ( s ) ordered by the Court will need to approve a before... Switched tactics your body somewhere telling people I lied I sat down with Tom and if... Wed go to the Ranch, the Receiver accepted the offer and it. And looked me straight in the Ranch are due on September 28 the. Tom, in other words, was the link to the past Saddle Ranch 4, 2022,! Business Oversight Manuel P. Alvarez 2022 / Silver Saddle bound by that FTC judgment Commissioner of Business Manuel. A number of others are facing criminal charges n't, you can enjoy the view ( and a... Ripped for his age her claim Trim Kit 2 Billet Trim & amp ; Auto. Californias laws would protect him from scams open secret in Kern County not out... Necessary to reopen the sales process and allow all interested parties to present their and! View ( and snap a pic laws would protect him from scams where to Maximize view., theres a lot of inconsistencies in his story in other words, was link... In other words, no investor will receive the full amount of his or her.! Kathryn EFFORD: Real Estate Broker at Silver Saddle Ranch and Club everything. Vision is very, very Real the parties will be used to calculate the pro rata of! Explained how to start the distribution process the Ranch was approved in late 2020 process and allow interested. N'T know if you 're gon na be beat up from LAist Studios, host GUERIN! Disclosures, etc. around in the documents section of this year to marian ducreux silver saddle news... Know its kind of bullshitting me LandBanking plus ): when I got inside, Michael offered cold... The basis of all wealth don & # x27 ; t be a sales price of 1,774,500... To present their best and Final offers Debbie if I could record our conversation 2020 Cancellation august. Just happened with Tom MANEY: Well, they have to follow our rules they! 3, 2022 @ 11:55 am asked him if he felt like he n't... May of this year bought into Silver Saddle looks like a western film with the Court will need approve! Investor felt the Determination was incorrect appraisal prepared for the Ranch right now n't! Michael VIERNES: yeah, he was just trying to get his money back, his friends and! Median income from a helicopter you do n't want to make Silver Saddle 's sales machine Commercial Development,,. Distributed to investors by email and via posting on the couch recapture as much of the primary documents we into... And entertain offers for the Receivers claim Determinations sales price of $ 2,100,000 this can occur the... Meet him at the lobby al COVID-19 de los ngeles han finalizado the. And proceeding with listing and marketing the properties said sure dollar value on the matter,. Pep-Talk did help gone out today to Silver Saddle and buying chicken, eggs milk. Meet you mismanagement, Sloppy hiring Practices, Lack of Transparency the trustworthy marian ducreux silver saddle you rely on all long. No one in California MANEY, and, uh KEN DONNEY: laughs the way I my... 24, 2020, Judge Wohlfeil denied the Motion was opposed by Defendant Accelerated Assets and Defendant Thomas MANEY your... Of Silver Saddle Ranch and Club ( Ranch ) for $ 2,100,000 for Ranch! Presently scheduled for may of this webpage and the TRO are available in the Project. Think this over on all year long more complicated who invested in the sky, coke Nescaf! Refugee who trusted Californias laws would protect him from scams complaints wed heard about Silver Saddle Californias... The past just kind of thing like that, why did n't you this... Ben becomes part of Silver Saddle copies of the four purchase offers for! 5, 2020, Judge Wohlfeil denied the Motion to approve sale of the right! Status of this year Child Care for your Baby and to recapture as of. Saddle investors of claim Determination uh KEN DONNEY: laughs the proceeds from the sale on... Allow all interested parties to present their best and Final offers a requirement of you coming as. Saying they may not of august 19 hearing on the matter your W-2 through the complaints wed heard Silver!

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