- Report: #1528887
Complaint Review: MasterTech Financial John A House - Rancho Santa Fe California
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MasterTech Financial John A House
6119 La Granada Suite C Rancho Santa Fe, 92067 California, United States
Web:
mastertechfinancial.com
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MasterTech Financial John A House Coyote Financial John Albert House Misrepresented Dangerous Investments as Safe and Liquid!! ABSOLUTE SCAM Rancho Santa Fe California
John Albert House of MasterTech Financial began counseling our mother on the finances after our father passed away. He convinced her to sell our incredibly valuable and appreciating Presidio Heights San Francisco Home so that he could invest the millions in high commission Prudential annuities and the Griffin/Peakstone dangerou REIT, which he told us from the outset were both safe and liquid. I am one of my mothers financial advisors and asked him again and again about the liquidity and safety of the investments and he assured us that they were. We are finding out four years later now that all of his investments are down (they have performed poorly pretty much the whole time) does he finally admit that we can't sell anything until certain quarterly dates and that we can only sell a small portion of the investments (he has not told us how much yet). He invested almost $3m of our family estate as well as our mothers entire IRA in this garbage, and when confronted he claims to have told me about the risks and liquidity which is an absolute lie my right hand to God, he is an absolute liar, schemer, fraudster, pretends to be more successful than he is, and begs for clients via his mailchimp subscriber list that he signed us up for without our consent. Do not let John Albert House anywhere near your investments if you value them. Our family is deep in the much with this guy and we may not be able to get out. Our mother now only has a few years to live on unless we can liquidate these horrid investments.
