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Another lawsuit against William Gale, Esteban Soto, Larry Webman, Randy Yablon, Murray Linder, Properties of Costa Rica, Inc., Paragon Properties of Costa Rica, LLC, Property Sales of CR, Inc. and Premier Realty Sales of Costa Rica, S.A.
I study financial fraud of all kinds.
You can see the 255 US banks that have gone under since 2008 in the USA on the Wall Street Journal page which is here http://s.wsj.net/public/resources/documents/info-Failed_Banks-sort.html
And you think the FDIC with a negative $8 billion will help? http://libertymaven.com/2009/11/25/fdic-officially-goes-bankrupt/8148/
Or see http://www.dailypaul.com/node/109115
Our whole country is imploding and our dollars are worth less every day.
Post edited by Moderator to remove a four letter word.
More negatives news for Paragon customers
Oginsky et al v. Paragon Properties of Costa Rica, LLC et al
Website URL: http://dockets.justia.com/docket/court-flsdce/case_no-1:2010cv21720/case_id-358277/
Case Number: 1:2010cv21720
Filed: May 26, 2010Court: Florida Southern District Court
Office: Miami OfficeNature of Suit: Other Statutes – Racketeer Influenced and Corrupt Organizations
Cause: 18:1961 Racketeering (RICO) ActWebsite URL: http://www.justnews.com/news/23687158/detail.html
Real Estate Company Sued Over ‘Paradise Lost’
Plaintiffs Claim Company Took Thousands, Never Delivered DevelopmentPOSTED: Wednesday, May 26, 2010
UPDATED: 10:19 am EDT May 27, 2010
Paragon Properties
HOLLYWOOD, Fla. — A Hollywood real estate company faces a class-action lawsuit brought by investors who claimed they were scammed.Paragon Properties promised pristine property and upscale homes in Costa Rica to its customers, but years after the company took their money, buyers said they still have nothing to show for it.
The website of Paragon Properties of Costa Rica offers exciting lands of opportunity in Costa Rica at wholesale prices. The site lists Bill Gale as the company chairman.
“I thought this was going to be a great opportunity to have a little piece of paradise,” Lorraine Fox said.
Fox said the promise of a quality home on a big lot with a spectacular view convinced her to put down $100,000 in deposits for four lots in one of the fancy subdivisions Paragon told her it was going to build. They even flew her to Costa Rica four years ago to see where she would be spending her retirement.
“I’m devastated. I know that my dream of paradise is gone. I’m out all that money,” Fox said.
Records show that Paragon Properties of Costa Rica is facing several civil lawsuits from unhappy investors. The Better Business Bureau gives the company an F rating based on consumer complaints, and on Wednesday, a federal class-action lawsuit was filed on behalf of nine investors who called Paragon’s promises a Ponzi scheme.
“There are people who have lost their retirement savings,” Local 10’s Roger Lohse said to Gale.
“That’s not my fault. Excuse me,” Gale said.
Gale claimed his project fell victim to the slumping real estate market. He said all the deposit money was used to build roads and water systems, the infrastructure of the project, and that now, he cannot get a bank loan to finish the work.
“When it’s dead, when it’s finished, OK, call me what you want. Until I finish or until I die, one way or the other, we keep trying to get the findings,” Gale said.
But Fox is not buying Paragon’s line again. She is searching for an attorney in the hope that one day she will be able to recover some of what she calls “paradise lost.”
“I hope I do. I don’t want to sound negative. I hope I do, but I just feel like something went wrong a long time ago and this was never meant to be,” Fox said.
Gale said he has already refunded $16 million to unhappy investors and claimed the company has tried reach out to its 900 or so buyers to let them know about the financial problems.
Copyright 2010 by Post-Newsweek Stations. All rights reserved. This material may not be published, broadcast, rewritten or redistributed
Website URL: http://www.ripoffreport.com/offshore-scams/paragon-properties-o/paragon-properties-of-costa-ri-2e869.htm
Report: PARAGON PROPERTIES OF COSTA RICA
Reported By: Malcolm (Owings Mills Maryland)
United States of America
PARAGON PROPERTIES OF COSTA RICA Bill Gale, David Valentine, Charles Nuenstein Esq Scam Artisit & Slime Hollywood, FloridaPARAGON PROPERTIES OF COSTA RICA
2035 Harding St
Hollywood Florida 33020
United States of America
Phone: 954-922-7410
Web Address: http://www.paracr.comCategory: offshore scams
Submitted: Sunday, May 30, 2010
Posted: Sunday, May 30, 2010I have read many reports about the outrageous conduct surrounding Paragon Properties of Costa Rica, but I had to come and see for myself. Since January of this year I started to become overly concerned with the lack of updates on the progress of construction in the community “Playa del Sol” where I put down my deposit of $35k. I contacted Paragon Properties and spoke several times to David Valentine who assured me that the worst was behind them and that they were moving forward with this project. I informed him that I would be going to Costa Rica in May to see the property for myself.
Again I informed him that I would be traveling there in which he stated he would be there in Costa Rica. I was scheduled to meet him to walk my property and to see what progress has been made over the past 3 1/2 years. When I called to confirm our meeting in May he was already gone and a message that the office would not re-open until June 1st, 2010. I was told by him previously that there Costa Rica Office was now located in one of the 3 Model homes that were originally built.
Well to my surprise when I got here to Costa Rica of May 27th I was not able to touch bases again with David Valentine. I rented a car and on Friday May 28th I drove out to Parrita where the Model homes were built. Oh and guess what – there was no office setup in any of the Models that were built. There were locals living in the properties with close lines strung across the grounds. The driveways were either falling apart or nothing at all had been done to them since their original construction.
The Paragon Property Signs were falling to pieces. In other words it looks like they completely pulled out and ran with our money. We need to seriously get together and collectively make them pay. Many of us have a lot of money invested in this project.
ANother complaint filed against Paragon and Bill GAle
Reported By: Mellor (Jupiter Florida)
Paragon Properties of Costa Rica, LLC William Gale Failure to Return Escrow Funds Hollywood, Florida
Paragon Properties of Costa Rica, LLC
2035 Harding Street Ste. 201
Hollywood Florida 33020
United States of America
Phone: 954-925-1153Category: Bait-and-Switch
Submitted: Monday, May 10, 2010
Posted: Monday, May 10, 2010
Bill Gale has not returned any of my phone calls for the past 6 weeks. The Escrow Funds held by Attny Charles Neustein have not been returned and my contracts for both properties have now expired. I am 90 yrs old and live on a fixed income. Mr. Gale should be stopped!!!Yet another serious complaint filed by “betty and peter” against Paragon Properties
http://www.complaintsboard.com/complaints/paragon-properties-c334621.html
Posted: 2010-04-27 by betty and peter
costa rica scamWe too bought property in 2006, and were made promises that infrastructures would be in within a couple of years.
In 2008 we actually went to the Paragon office in Hollywood FL and spoke with Bill Gale. He gave us a packet of plans for homes that could be built.The last time we spoke with anyone was in Feb of 09. We went down in March of 09 and saw 3 model homes in Parrita. We went to MIramar where we bought and there was only a partial road!!!
Anyone know what is going on? We want our money back!!! I am filing a complaint with the attorney generals office in FL.
HELP!!!
Yet another serious complaint filed against Paragon Properties of Costa Rica S.A., William Gale and Esteban Soto
Does anyone know if these people are still selling land in Costa Rica?
The list of people “ripped off” by Paragon Properties of Costa Rica gets longer every week.
Report: PARAGON PROPERTIES OF COSTA RICA
Reported By: Mellor (Jupiter Florida)
United States of America
PARAGON PROPERTIES OF COSTA RICA PREMIER REALTY SALES OF COSTA RICA FAILURE TO RETUN ESCROW FUNDS HOLLYWOOD, Florida
…Category: Bait-and-Switch
Submitted: Friday, April 23, 2010
Posted: Friday, April 23, 2010IN APRIL OF 2005 A DEPOSIT FOR $25,000 WAS RECEIVED BY NEUSTEIN FOR PARAGON AS THE COMPAY’S ESCROW AGENT. tHE CONTRACT WAS FOR LT #4 THE GABLES IN PARITA. THE CONTRACT WAS FOR 60 MOS. THE CONTRACT HAS EXPIRED. I AM 90 YRS. OLD AND HAVE SENT MY REQUEST FOR THE RETUN OF MY FUNDS WITH NO ANSWER. UPON CALLING THE OFFICE FOR 2 WKS., DAVID VALENTINE, WHO SAYS HE WAS HIRED TO COMPLETE THE INFRASTRUCTURE ONCE THE FUNDING CAME IN , INFORMED ME THAT MR. GALE WAS NOT AVAILABLE BUT HAS RECEIVED ALL MY MESSAGES.
TO MAKE MATTERS WORSE, I HAVE ANOTHER CONTRACT REACHING EXPIRATION ON 5/5/10 FOR THE SAME BUT FOR LOT #70 THE GABLES IN PARITA.
HAS ANYONE BEGUN A LAWSUIT?? JOE, DELRAY BCH., FLORIDA
From
http://www.complaintsboard.com/complaints/fraud-c319110.html
Posted: 2010-03-08 by Dennis J. Calcaterra
Fraud
Complaint Rating: 0 % with 0 votes
I have purchased 2 properties from Paragon Properties of Costa Rica located in Hollywood, FL. I purchased these properties almost 5 years ago and was told that the first property in Heights of Pacifica, Phase 3 would be ready for building within 18 months. I have a deed that shows that I could build a home for $58.00 a square foot. About 2 years ago I 2was sent this beautiful brochure showing all these beautiful homes. Since then I’ve made 3 trips to view my properties and everything is at a stand still. Most of the personnel that were with the company in Florida, namely Lyle Wexler and Kenny Gold are long departed for all kinds of ridiculous reasons and the few that are remaining are very evasive to any questions. The way I see it, I’m out $55, 000.00 and these con men could care less. For what its worth I think anyone and all who read this should ban together and file a class action suit freezing any and all their assets before they disappear. Feel free to contact me should you read this.If you put in the Court Case number B-09-064238 at http://www2.miami-dadeclerk.com/cjis/CaseSearch.aspx you will see that a misdemeanour case of resisting an officer of the law without violence was filed against William Alan Gale on 29th October 2009
What’s that all about?
Broward County Case Number: CACE09058841
State Reporting Number: 062009CA058841AXXXCE
Court Type: Civil Division – Circuit Court
Case Type: Contract Indebtedness
Incident Date: N/A
Filing Date: 10/29/2009
Court Location: Central Courthouse
Case Status: Pending
Magistrate ID / Name: N/A
Judge ID / Name: 12 Weinstein, Peter M.Style: Louis J Weinstein Plaintiff vs. William Gale, et al Defendant
There is yet another new Paragon Properties Ripp Off report http://www.ripoffreport.com/reports/0/386/RipOff0386638.htm
Looking forward to the day when Paragon will be ParaGONE!
Paragon Properties Of Costa Rica Fraudulant Contracts for sale of land in Costa Rica for which there are no filings concerning the solicitation and sales made of such properties in the United States , and specifically, in the State of Florida. Hollywood Florida
My story is very similar to all the others I have read on this site. In essence, I purchased a 1 hectare site of land from Paragon Properties for a $39,000 deposit against Agreement for Deed dated January 24th, 2007. In this agreement for deed, Item# 3 states that Infrastructure for Roads and Electricity will be in place within 24 months from date of agreement ( More on this later ).
Subsequently, I decided to pay off the balance of the purchase price on the land so as to have clear and full title to it as soon as possible. As agreed, I made a payment of $11,250 in March, 2007, a second payment of an additional $11,250 in July, 2007, and a final payment of $10,250 in September, 2007. Therefore, my property was paid off in total as of September, 2007 for a total of $72,250.
During the course of all the above negotiations and payments, Paragon Properties assured me that it would take approximately 6-8 weeks for me to receive full deed to my property. However, over a year later, due to their lies, procrastination,, and possibly, downright fraud ( i.e. If ,in fact, Paragon Properties has never filed for solicitation and sales made of my property in the United States, and specifically, in the State of Florida, this is criminally fraudulant activity.), I have still received no deed to my property.
A secondary, although just as important issue, is Section #3 of my Agreement For Deed with Paragon Properties. This section states that the ‘Infrastructure for roads and electricity will be in place within 24 months from the date of this agreement…’. In fact, neither roads nor electrical work have even commenced as of October 31, 2008. This means that unless Paragon Properties can accomplish the Herculean task of initiating and completing both projects within 3 months, they are in Breach of Contract in regard to my Agreement for Deed with them.
I would like to contact any and all the other people who I have read on this site concerning Paragon Properties.
Harly
Florence, Massachusetts
U.S.A.I have to agree with all my heart with Scott on this especially when I read Jay this morning say “A lot of real estate agents wish that we would promote the country more. Note some of the reader letters. But our first obligation is to readers in general and to tell the truth as best we can. Otherwise we would lose your trust.”
Although few do these days, surely a journalist has an obligation to tell the truth without stooping to making outrageous claims and coming up with no evidence whatsoever to back up those claims otherwise they will lose the trust of their readers.
With this episode AmCostaRica has lost my trust and my respect.
I am assuming that you will be writing more about this Scott???????
Trevors architect guy says that even he has not seen Trevor Chilton for a few weeks now so I am guessing here that if the architect has not seen the guy that signs his paychecks and does not know where Trevor is theres a problem here
Does anyone know if Trevor has left the country?
Where would he go?
The “high” wages can’t help much … In the news this morning:
@@@@@@@@@@@@@@@@@
Fuerza Pública officers get small raise in their base salaries
An agreement between the security and financial arms of the government will give Fuerza Pública police officers, regardless of grade, 8,000 colons more per month in their base pay. That’s $15.39.
The raise also points out the low pay that police receive. A teniente de policía will get 172,500 colons, about $332 a month. All other lower ranks make less.
Some 10,939 policemen are benefiting by the pay raise.
The pay raise puts police in the financial neighborhood of receptionists and similar civilian workers, according to the minimum salaries published by the Ministerio de Trabajo. Both types of workers can make more with overtime.
Fernando Berrocal, minister of Gobernación, Policía y Securidad Pública, said the raises were made possible by tightening the budget in his ministry.
The Ministerio de Hacienda, the budget agency, will give the security ministry a 17 percent raise for 2008 allowing the hiring of 700 police officers more, officials said.
