- Report: #265601
Complaint Review: Upfunding Up Funding - Huntington Beach California
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Upfunding Up Funding
Huntington Beach, California, U.S.A.
Phone:
714-849-3822
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Upfunding Duanne Heppner Unlimited funding for real estate Huntington Beach California
This a version of the Prime Bank Scheme with Duane being the front so the SEC does not come down on the other players. They say they can buy any property by reserving the equity in the property and getting a "trader" to make money with the equity in the property and will close in 6 to 12 months at full price. They will never close, and have not closed, on a property and will never give you another name or phone number for any one in the process except for Dr. Don, Cerah, Richard, Kevin, and they are all in on the scam with Duane. Their are no "TRADERS"
Just before your deal is to close the "traders" will go on vacation, change their appetite, or find a reason for the deal not to close. They use vacation as the reason but can not keep the process correct and that is how we caught them in a lie about the process and the story fell apart within 4 hours from their. They are doing so many of these they do not remember what they said and when they said it. 2 weeks after our deal went south Duane called us to requested patience.
All paper work you get from Duane is so bad that you rewrite it and by you doing that they are not legally liable. You also rewrite it to protect your source, but just in case it was written by a 4th grader. Dr. Don who is no stranger to the SEC is now where to be scene on the paperwork.
You get the seller of a large property owner to sign the Purchase Agreement with you that you assign to an LLC and the Seller provides an appraisal that usually costs them $2000+ All the paper work is now in your name and you send off the Purchase Agreement and Appraisal and Authorization Agreements to be "TRADED"
It does not get traded but they use the Purchase Agreement and the Appraisal to convince individual investors they are doing milliion dollar deals and here are the appraisals of our properties and the purchase agreements that we used to buy them. If you check on a property the transaction "just has not been registered yet"
They do a classic Ponzi scheme to get money from investors by paying a few a 50% return on their money but only if they fooled another into giving them money.
You do not break laws but enable them to run the PONZI scam and they do not break laws until the money from the investors disappears. Guess who else would disappear at that point.
Adam
Savage, Minnesota
U.S.A.
Just before your deal is to close the "traders" will go on vacation, change their appetite, or find a reason for the deal not to close. They use vacation as the reason but can not keep the process correct and that is how we caught them in a lie about the process and the story fell apart within 4 hours from their. They are doing so many of these they do not remember what they said and when they said it. 2 weeks after our deal went south Duane called us to requested patience.
All paper work you get from Duane is so bad that you rewrite it and by you doing that they are not legally liable. You also rewrite it to protect your source, but just in case it was written by a 4th grader. Dr. Don who is no stranger to the SEC is now where to be scene on the paperwork.
You get the seller of a large property owner to sign the Purchase Agreement with you that you assign to an LLC and the Seller provides an appraisal that usually costs them $2000+ All the paper work is now in your name and you send off the Purchase Agreement and Appraisal and Authorization Agreements to be "TRADED"
It does not get traded but they use the Purchase Agreement and the Appraisal to convince individual investors they are doing milliion dollar deals and here are the appraisals of our properties and the purchase agreements that we used to buy them. If you check on a property the transaction "just has not been registered yet"
They do a classic Ponzi scheme to get money from investors by paying a few a 50% return on their money but only if they fooled another into giving them money.
You do not break laws but enable them to run the PONZI scam and they do not break laws until the money from the investors disappears. Guess who else would disappear at that point.
Adam
Savage, Minnesota
U.S.A.
