• Report:  #1528886

Complaint Review: John Albert House - Rancho Santa Fe CA

Reported By:

John Albert House
6119 La Granada C 2151 Rancho Santa Fe, 92067 CA, United States

Mr. House and Mastertech Financial convinced our family to sell our SF home and invest $3m dollars in what he called liquid and safe annuities and REITs (the Griffin Peakstone private REIT and Prudential Annuities). This was in 2019. He informed us that these were high liquid low risk, when in reality they were just the opposite. They are high commission investments, high risk and illiquid. All 5 of the investments he got us into are down and have done poorly, including Griffin trying to secretly stop paying out a promised quarterly $13k dividend which we found out three quarters later. He did not disclose his commissions nor any penalties for selling early. When we finally have the call asking him to sell is when he reveals that only a small portion can be sold at certain quarterly dates and he has not told us how much we can sell. This man is an absolute liar and scammer. DEAL WITH JOHN ALBERT HOUSE AT YOUR OWN RISK

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