- Report: #505203
Complaint Review: Paul H. Rosenthal - Rancho Santa Margarita California
Reported By:
Cynthia -
Foothill Ranch, California, USA
Submitted:
Updated:
-
Author Not Confirmed
Why?
Paul H. Rosenthal
6 Santa Teresa Rancho Santa Margarita, 92688 California, United States of America
Phone:
9495840023
Web:
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Paul H. Rosenthal Con-Man/Thief! Tax-Lien Payoff Investment Scam/Fraud! Rancho Santa Margarita, California
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Everyone Beware of Paul Rosenthal! He has scammed and stolen from many people tens of thousands of dollars in a Tax Lien Investment scam impersonating a Brokerage Firm called First Fidelity Brokerage Services LLC located at 1400 Wilshire Blvd, Santa Monica, CA! Paul Rosenthal is a liar and has caused tremendous pain and heartache to many innocent victims he has stolen from!
Around three months ago, Paul Rosenthal befriended me and many others and approached me with an investment where he asked me to invest with him on two different property tax lien deals. One property was located in Thousand Oaks, CA and the other in Newport Beach, CA. He stated that he had done many of these with his investment broker, Mr. Chuck Shimmer, from First Fidelity Brokerage Services, LLC located up in Santa Monica. Paul Rosenthal claimed that he had done many of these with this person and completely guaranteed that we would make our money back. Many of us who have been duped and defrauded found out everything was a lie.
He is used First Fidelity Bank's letterhead and logo to type out these agreements and represent himself as this fake brokerage firm. First Fidelity Bank in OK has been contacted and an investigation by their fraud department has been started. They conduct NO business in the State of California nor do they offer brokerage services. Again, all a lie by Paul Rosenthal.
Copy of Agreement:
INVESTMENT AGREEMENT
File Number 7384jad
6/15/09
Paul Rosenthal and Cindy Ponce agree to be equal partners on a "hard money" tax lien payoff
investment for the sum of $8,48634 in which Paul Rosenthal will put up half the amount the sum of $4,243.17 and Cindy Ponce will put in the other haJf of $4,243.17. The tax lien payoff is for property located at the below address:
Address 4350 Ridge Route Rd. City, Thousand Oaks State Ca.
It is estimated that the joint parties will be paid back the principal sum of $8,48634 plus $6,180.00 for this investment to total $14,66634 on or before September 16th 2009. This will be paid by equal cash payment or cashers check $7,333.17 one in the name of Cindy Ponce and one in the name Paul Rosenthal. If the exact payoff amount varies,the exact proceeds will be split equally between the two parties.
It is also agreed upon that both Paul Rosenthal and Cindy Ponce will hold each other harmless on all amounts if said investments should not payout for any reason this is for both principle and or proceed amounts.
Agreed upon by Investor two
~Chuck Shimmer VP Investment Banking received :Paul Rosenthal the sum of $8,48634 on JunI /2009 in Cash
~-Chuck Shimmer VP Investment Bankinv. JunI /2009
First Fidelity Brokerage Services LLC Phone: 800-864-51311400 Wilshire Boulevard Santa Monica, CA 90403
What is very sad, is Paul knew my family is struggling financially with this economy and I have two sons we are trying to put through in college, and most recently, I was let go from my place of employment. He preys on those that believe he can help them with stories of his own marriage and child and family which is all lies.
Many banks, i.e. Bank of America, Chase, Wells Fargo, etc. all have him on high fraud alert as he has also defrauded many banks out of money. He caused an ex-business partner (who was very legit) to loose her business she had worked so hard for, her home, and now she is a single mom with three children with debt in the thousands because of what Paul Rosenthal has caused her.
Many people have come forward and there is a full investigation. DO NOT DO BUSINESS with Paul Rosenthal. Anyone in the auto industry knows him. BEWARE! He will steal from you and defraud you for thousands of dollars!
Contact the OC Sheriffs at (949) 425-1800 and reference Case #09-183086 if you have been defrauded by this man! The more people that come forward, the more evidence the authorities will have to put this man behind bars for a very long time!
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2 Updates & Rebuttals
DonnaGirl
Las Vegas,Nevada,
United States of America
Onboard tours
#2Consumer Comment
Sat, April 28, 2012
Tom Schmitt is his name [email protected] is his email.
Dont let what happened to us to happen to the unknowing people who book tours with him and give him their credit card numbers !!!!
Onboard is a Texas company they probably have not idea who whom they hired
JasonNShirly
Odessa,Texas,
United States of America
Onboard Tours Las Vegas
#3Consumer Comment
Sat, April 28, 2012
The CEO is a Tom Schmitt [email protected]
We must all let him know what kind of man that he has in charge in Vegas.
The CEO is in Texas is probably out of the loop.
