- Report: #1418397
Complaint Review: Maier Realty & Trust - California
Reported By:
Vance -
Edmond, Oklahoma, United States
Submitted:
Updated:
-
Author Confirmed
Why?
Maier Realty & Trust
California, United States
Web:
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Maier Realty & Trust Internet / Investment Fraud California
I invested $5,000 with Mr. Maier approximately 8 years ago, and have not received a single penny of my money back. After requests for specific details I was stonewalled, deflected, and Mr. Maier has essentially discontinued all communication.
3 Updates & Rebuttals
Vance
Edmond,Oklahoma,
United States
Working Toward a Solution
#2Author of original report
Tue, January 02, 2018
I am in contact with Mr. Maier, and we are working toward a mutually beneficial solution. I will provide further updates as available.
Richard
Crescent City,California,
United States
Libelous Allegations And Complete Misrepresentation of the Facts
#3REBUTTAL Owner of company
Sat, December 23, 2017
Attaching Promissory Note signed by Mr. Bush disputing his wrongful claims:
Richard
Crescent City,California,
United States
Libelous Allegations And Complete Misrepresentation of the Facts
#4REBUTTAL Owner of company
Fri, December 22, 2017
Mr. Bush signed a Promissory Note on July 18, 2010 agreeing to the terrms of the note. It is not in default. His claims are not only uwarranted but completely inaccurate. (Copy of Note Attached). He has never been either stonedwalled, deflected or unable to reach my office.
EMAIL date: 12/22/2017 in response to Mr. Bush direct contact after claiming he was unable to contact me:
Mr. Bush,
You previously agreed to the terms of a personal note in the mount of $5,000 dated October 25, 2010. That note in not in default.
The terms of that note clearly state that “principal and interest payable in installments based upon the proceeds generated from the business interests of Maker, when generated…” . That note was crested in perpetuity to demonstrate my good will in attempting to personally repay obligation of the Maier Group Inc, something I lawfully did not need to do by-the-way. As such, it is therefore not in default.
You have also been informed previously that due to the size of the total in losses including those of my own and the number of unsecured creditors totaling 63 at the time, repayments when possible could only be made from the net profits (proceeds) and would be applied by servicing the oldest accounts first down to the newest. To date 9 have been repaid reducing the number to 54 creditors remaining on the list. As you entered into partnership with the now defunct Maier Group Inc., effective on 7/18/2010, that places you currently at # 52 on the remaining list. The only impediment to servicing these debts any sooner has been the lack of available investment capital.
Additionally, you have been advised by previous emails that quarterly financial reports are available to anyone requesting one. You must however send me a request for one and I am happy to send one whenever I receive your request. I am attaching the most recent report ending this quarter for you which happens to be an annual financial report for 2017.
Although The Maier Group Inc original website no longer exists since the company went out of business 7 years ago, the new home for the business website is displayed below. It was setup in the fall of 2010 for the sole purpose of creating new business after the termination of Maier Group and can easily be found by any search engine. Obviously your email shows you have in fact had that contact available to you. My email, physical address and phone number have never changed .
This should address your concerns and answer your questions. I might also suggest you might wish to update those entities you have elected to copy in, so there is no misrepresentation on your part of the material facts in the repayment terms of the Promissory Note you agreed to..
Best personal regards,
RCMaier
