Charles Petty, Visionary Property Group LLC KCP financial Group LLC CHARLES PETTY BIG FRAUD PERPETRATOR Lithonia, Georgia
I entered into an arrangement with Charles Petty in Feb 2009 where I invested $25K to be used to finance residential propery repairs of investor houses. The interest rate was attractive, but not in the to good to be true category. It was at a time when the financial markets were locked up due to the AIG debacle.
This was basically a standard real estate investor transaction known in the trade as ' private investor funding ' that a lot of reputable people help investors grow their self directed IRA'S. Within 60 day of my investement I was to be advised by Charles Petty of the property that a second mortgage was to be attached as my investment security. This never happened.
The first interest payment was not made & they told me the check was in the mail. Their phones lines went dead & their e-mails were returned as undeliverable. I have had an attorney send Charles Petty two demand letters that have been ignored.
His mailing address is a fraud. Suite 101 is a UPS store with mailbox rentals. 102, 102 - 106 are other businesses.
I am also persuing other legal actions.
10 Updates & Rebuttals
JAIL TIME . FINALLY
#11Author of original report
Sat, April 16, 2016
4/13/2016 . . . Petty pleads guilty to bank fraud & wire fraud in Federal Court.. 51 months, $202K + restitution / disgorgement, 5 years supervised after release. Total 60 + victims which Petty claims he can pay $125 K immediately. He tried to received maximun leniency almost like the case where a person killed both of his parents & claimed he was an orphan. i.e : 7kids,, plead guilty & cooperating (?. . after being caught by stealing a local police dept's I D/ logo to further his scam ! ), & sick parents & he was now an integeral part of running the family business/ Pest Control. The judge politely pointed out to him that he had largely lived a privileged live & had several college degrees: Duke University among others.
PETTY IN ORANGE
#11Author of original report
Wed, January 27, 2016
From the Duluth , Ga police dept. Petty pleads guilty in Federal Court/ 1/2016. & will be held until sentencing. 3/25/2016 in Judge Batten's court @ 10 a m . Some speculation to 3 + years.
PETTY OUT ON BOND
#11Author of original report
Tue, May 26, 2015
this in today 5/26/2015
Good Afternoon,
I wanted to let you know that we finally arrested Petty on the federal wire fraud case, the judge gave him a bond, he made bond and is out, but I wanted to let you know, yes justice runs slow but we have a great case.
Thanks for all your help
1ZILLA1
NEWNAN,Georgia,
UPDATE
#11Author of original report
Tue, May 13, 2014
Petty was arrested by Dekalb County police department 5/9/2014. He was transported to Gwinnette County, Ga where he had outstanding warrants & also warrants in other jurisdictions. Stay tuned
1ZILLA1
NEWNAN,Georgia,
CALLING ALL PETTY VICTIMS
#11Author of original report
Mon, April 14, 2014
There is finally substantial movement on bringing Petty to task for all his chicanery. Evidently, the Secret Service is coming on board along with other agencies that can bring criminal charges. If you have been victimized by Petty please contact this detective to help prosecution of Petty.
Detective Fran Foster #1122
Duluth Police Department
Criminal Investigations
3276 Buford Highway
Duluth, GA. 30096
678-512-3719 ofc.
678-512-3789 fax.
1ZILLA1
NEWNAN,Georgia,
PETTY UPDATE
#11Author of original report
Fri, March 14, 2014
3/13/2014, Atlanta TV WSB announced that Petty somehow hijacked the Duluth, Georgia, Gwinnette County police department ID/ letterhead & fraudently used it to reduce/write-off $250,000 debt. They went on to mention his previous $318,000 SEC judgment & also that his law license had been terminated, & their FaceBook credit repair service. The police department is trying to locate Petty with warrants. WSB said they are easy to find on th internet, but hard to find in person. They also mentioned that Petty & wife/ Kim promote themselves on FaceBook as the King & Queen of Virtual Real Estate.
1ZILLA1
NEWNAN,Georgia,
PETTY UPDATE
#11Author of original report
Wed, July 10, 2013
By Tony Thomas
GWINNETT COUNTY, Ga. —
Duluth police say their own department is now the victim of an identity theft crime and they are hunting for the suspect.
Investigators said local attorney and businessman Charles Petty created at least two bogus police reports with the Duluth Police Department logo on them. He allegedly used the documents to try and convince the credit bureaus that he was the victim of ID theft. Investigators believe he wanted Experian and others to wipe out more than $250,000 in debt he'd incurred.
Earlier this week, police took out arrest warrants on Petty. Duluth Police Major Don Woodruff called it a very bold crime.
"Anyone who knows anything about police reports if you read this report, it is 100 percent bogus," Woodruff said.
Police tell Channel Two's Gwinnett Bureau Chief Tony Thomas they fear there are many more victims out there because they said since Petty had his Georgia law license terminated, he and his wife have been running two other businesses, including a credit cleaning service.
Investigators said they wondered if Petty had tried the same bogus police reporting for some of his customers.
Online, Petty is very easy to find. He has done several video's claiming he and wife Kim are the "king and queen of virtual real estate."
One video claims investors "will make money in today's economy." Petty told viewers in one interview that his number one tip is "don't let anyone tell you you can't be successful in this real estate market."
But investigators said Petty himself was so broke he resorted to the crime to try to climb out of debt.
"There are fraud reports regarding this individual that go back as 2007," Woodruff said.
Police said they have had no luck tracking Petty down. Thomas also went looking for the Pettys. He visited three businesses and homes where the Pettys have worked or lived, but no one answered at any of the doors. In one business complex, the landlord told Thomas she too was looking for Petty after he skipped out on his lease a few months ago.
"Any idea if he's still around?" Thomas asked Woodruff.
"He probably is, we just can't run him down right now. It's only a matter of time of course," Woodruff replied.
1ZILLA1
NEWNAN,Georgia,
PETTY UPDATE
#11Author of original report
Wed, July 10, 2013
I have received many queries about Petty since my March , 2013 update. It appears he is now operating over social media and scamming & taking people's money for the purpose of obtaining lines of credit, repairing credit, etc. They do not get anything except ignored contact attempts after he gets their money. One person actually suspected he was also using an alias because he recognized his voice. . . and then addressed Petty the scammers as 'Charles ' and he responded !
In my local swindle complaint, the Dekalb County police investigator mishandled thew case to the point the statute of limitations ran out. All this time the investigator rarely answered my periodic e-mails because he wrongly thought the FBI was in on the case also. . . Even though at least once I told him otherwise. I did get a real nice " sorry " from him. White collar crime is seriously underfunded in GA & it appears unless you are well connected - your case will be pretty much inactive.
The SEC told me even though Petty's credit is very low, he & his wife Kim are driving new expensive cars & is living in a 7 BR house with at least 6 kids. . . off other people's money. Apparnetly, their only income is her Mary Kay cash flow and his scam money. He is also dragging his feet turning over financial documents to the SEC. They are trying to determine if he fraudently transferred assets to avoid restitution. He has already used up all the scammed money for his living expensives. . . acording to the SEC attorney. Figuring is was a long shot because of Petty's somewhat minor scammer status compared to the Madoff's & Kevin Trueau types: I e-mailed the American Greed TV show about Petty.
B-e-w-a-r-e is the operative word to be associated with Petty.
1ZILLA1
NEWNAN,Georgia,
USA
PETTY ARRESTED
#11Author of original report
Wed, March 13, 2013
Petty was arrested by the Feds 3/10/2013. I would be more than happy to relay info about the outcome.1zilla1@gmail.com
1ZILLA1
NEWNAN,Georgia,
USA
FEDS ARE INTERESTED
#11Author of original report
Thu, December 02, 2010
In spring of 2010 I was contacted by Securities Exchange Comission regarding Petty. I was interviewed for over an hour, made & signed a declaration & was told after evaluating other persons statements a decision would be made whether to go foreward.
I received ( 11/29/10) a call to testify at a hearing in front of a judge 12/06/10 !
Nothing pleases me more ! I feel KCP is on the threshhold of getting their collective due. Restitution ( for whatever that my be worth ) and jail time may be forthcoming.