I invested into a property with a long term friend. I'm based in Los Angeles the property was in San Fran. I put 60,000 up to secure a property and my money went into escrow
and secured the house. I am an interior designer California general contractor
and I had been hired on two previous houses to do the design. When this new oppitunity came up I was offered to join the investment group . I did and I put 60 into an escrow account as mentioned. The 60 was meant to be returned within 30 nor later than 60
days with 15 percent commission. The partner his named in Ruben flipped the house by bringing in a buyer. It seems what they do is the property doesn't go in any of the partners names they make a deal with the buyer and the new buyer then gives a kick back
or an amount up and above the original sales price to Ruben. Something went amiss and the new buyer buys the place and my 60 was released to the seller. However the new buyer who had a deal with Ruben never paid him and also I never got my 60 back. Ruben tells
me he and the partners are in a law suit with the new buyer and it's only a matter of time before they settle at which time I then will get my money back. However, I've asked Ruben many times to identify who the seller is and who the new buyer is and to send
me the paper work showing the law suit. I've not received them . Ruben is a middle man and not rich makes his dollar from doing flipper deals . What do you think ?