Redemptionman
Well-Known Member
- Jurisdiction
- Louisiana
I have a question regarding LLCs and unscrupulous owner operators who do bad business deals. (well good for them I guess) So, I am not sure how this scheme works per say, but lets an LLC owner has a million dollar home. The list this house under an residential address trust, the name of the trustee changes every year or so. I believe this trust operates at lets say 1-2 percent for the listed trusted agent and the house listed under it. The LLC owner has one company which already declared bankruptcy and dissolved due to multiple civil cases filled against the business. This person starts another business of course an LLC and proceeds to initiate another contract scamming another person out of $60k in cash for the purpose of building them a house. The work of course never gets completed and through information and belief the money went towards (LLC owners) his house. The people who were scammed of course will sue the LLC for breach and not completing the contract. Maybe some states would lock up LLC owners who did these type of contracts knowing they would never finish the job? I am not sure but it does look like a loop hole to protect a this scammers house which they couldn't afford to begin with. I think there is a whole network of these type of Trustee scams which protect houses and keep these idiots in them with short sales and by clouding the title in a ongoing spider web of decent and deception.
Personally, I know I research every person I do business with and will not transfer any money till I get an assurance that they will complete the job. I will also not do business with anyone who is not licensed and bonded. Is there any recourse? anyway to lock this person up? there is nothing truly free in this world and this is shady. What do you all feel like can be done or should be done for surely society pays when a persons hard owned money is scammed and the scammer lives high on the hog if you will.
Personally, I know I research every person I do business with and will not transfer any money till I get an assurance that they will complete the job. I will also not do business with anyone who is not licensed and bonded. Is there any recourse? anyway to lock this person up? there is nothing truly free in this world and this is shady. What do you all feel like can be done or should be done for surely society pays when a persons hard owned money is scammed and the scammer lives high on the hog if you will.