Because of these ongoing costs, we have determined selling the Ranch is in the best interest of the Receivership Estate. But you know, at the other side, I actually, just, didnt want to make him feel so bad because he did invest a lot of his money and he really believed in this endeavor. DAVID DAI: You know what, we are immigrants, and we thought in America, we cannot imagine this happen to us. The Court took into account the Receivers concerns and recommendations, as well as those of the other interested parties. KEN DONNEY: You hear me, Tom? As a result, investors will NOT receive back the full amount they invested from the Receivership Estate. I want my money back.. And how it left me feeling so confused. Maybe I have the charisma. Prosecutors charged Thomas Maney, the 83 year-old owner of Silver Saddle, Marian Ducreux, 68, one of the company's top sales people, and seven other former sales agents, managers and employees . Each investor who submitted a challenge has been contacted by mail and email explaining the Receivers review and determination of their challenge. We rolled down our windows and we smelled the petrichor. The list is sorted by investor account number, which number was included in the Preliminary Claim Determination letters that were mailed to each investor. Thomas Maney and the companies running these investments (the Defendants) were sued by the California Department of Financial Protection and Innovation (DFPI) in 2019. Before moving to Marian's current city of Corona, CA, Marian lived in California City CA and Downey CA. We have reached a Final Determination of Claims, which can be accessed through this link Final Determination of Claimsor found in the documents section of this webpage. Or send via email to info@regulatoryresolutions.com, with Silver Saddle in the subject line of the email. It had rained the night before, and the air tasted clean and cold. While we have heard from a number of Galileo Investors (who are coordinating with Antonio Garcia and Carlos Novelo, and their United Owner Investors, Inc.) objecting to the sale of the Ranch, the investors do NOT hold an interest in the Ranch property. JAMES KIM: That and because now we're turning to go into Silver Saddle. TOM MANEY: That's a requirement of you coming to the ranch. The investment was called LandBanking Plus or The Galileo Project and offered interests in a roughly 1,000-acre parcel of raw desert land in Kern County. feeding westchester mobile food truck schedule. Investors will have 90 days to cash the checks. EMILY GUERIN: How was Ben acting before the tour? If the Motion is granted, the Receiver will be able to start the distribution process. To check the status of this licensee, visit Financial Services and Mortgage Lending Licensees Search. And that's going to be at least a 90 minute tour. Also, inclusion of the prospective intervenors as parties would enlarge the issues in the case because many of the approximately 3,000 investors have disparate opinions regarding disposition of the receivership estate. A full copy of the Courts Minute Order is available in the Documents section of this webpage. TOM MANEY: Cus, you know, were taking a very hard look at everything that were doing to make sure that we can eliminate as much of these problems as youre mentioning. Many of those consumers ended up spending tens of thousands of dollars on land they were made to believe would be worth much more in the near future. The Galileo Project property is listed for $919,746. He didnt give up. As we have noted repeatedly, calculating the Final Claim Determination amounts does NOT mean investors will receive those amounts. Most of the investors speak English as a second language. And, I wanted it to be true. JAMES KIM: Um, lets meet him at the lobby. EMILY GUERIN: It wasnt a tragedy that occurred. If your mailing address has changed, please email your new address to info@regulatoryresolutions.com with the subject line SILVER SADDLE W-2 ADDRESS CHANGE. If you did not opt out of electronic delivery, you can access your W-2 through the Insperity Premier website. TOM MANEY: I, I don't know if that's true or not. This car is no good. Share your feedback. Right? He spent a free weekend there in 2017, and ended up forking over $30,000 for a confusing, desert-land investment product. And I think thats part of how this thing has been happening for 60 years. I'm talking to you right now. EMILY GIUERIN: And they blamed their salespeople, too. Their signatures were both on page 21, just centimeters apart. Accounting records indicate the defendants deliberately comingled investor funds to make them difficult to trace. We just don't do it. TOM MANEY: We never had any, any problems. Based on an independent appraisal prepared for the Galileo Project Land, the Receiver believes the price is more than fair and reasonable. It's been many, many years since we saw this much snow in our mountains. Although the sale closed as scheduled, High Plains Mesa Holdings filed a Notice of Appeal of the Courts Order authorizing the sale. September 24, 2020 Ranch and Galileo Project Property Update. Notice to Investors re Claim Determinations (Mar. EMILY GUERIN: But Marian did write it. The listing is available here: https://www.loopnet.com/Listing/Rutgers-Rd-Kennedy-Blvd-California-City-CA/20743529/. As the Receiver mentioned in his last update, the same proposed buyer who offered $2,100,000 for the Ranch also offered $900,000 for the Galileo Project vacant land. I treated you right and now you are telling people I lied. Silver Saddle Ranch and Club sits at the foot of Galileo Hill the same spot where Nat Mendelsohns salespeople took potential clients and told them to imagine a beautiful new city. For the five-month period of September 2019 to March 2020, water, electricity, labor, and insurance costs for the Ranch was approximately $230,000. EMILY GUERIN: Um, do you see how I have my left arm up? $10.20 shipping. EMILY GUERIN: My takeaway is that either they really don't know what the sales people are saying, or they're totally bullshitting us. I know thats what hes wanted this whole time. . Each investor will get a pro rata share of the distribution: Investor A will receive $20 (20% of the distribution), Investor B will receive $50 (50% of the distribution) and Investor C will receive $30 (30% of the distribution). What if I was wrong? We saw the cottonwoods and sycamores that crowd the shore of Lake Maney. It was actually a little baffling how welcoming they were, given what we were there to do and what we were about to ask them. Im seeking help to everyone can help me. EMILY GUERIN: I know its kind of weird, but Kens little pep-talk did help. Should the Court order the sale to go forward, the Receiver intends to recommend to the Court that the sale proceeds be used to fund an investor distribution. The Receiver selected Kidder Mathews as the real estate brokers to market the Ranch property, and the listing went active on May 8, 2020. Because of these ongoing costs, we determined selling the Ranch is in the best interest of the Receivership Estate. A telephonic hearing has been set for August 27, 2020 at 9:00 a.m. to allow for full briefing on the matter. The individual expressed a concern that he did not have a full and fair opportunity to pursue an offer which he provided to the broker. So he moved in your horse power and in norco planning a little bit of millions of other upgrades. EMILY GUERIN: Really, so you think he's just kind of bullshitting me? It wasnt. Edward Bronstein died in March 2020 while officers were forcibly taking a blood sample after his detention. But she convinced him. Maybe Tom and his sales agents tried to make people feel this way. They acknowledged that there could be problems at Silver Saddle. The day after filing the Notice of Appeal, High Plains Mesa Holdings and High Plains Mesa Management filed for bankruptcy. We have received emails and letters from a small number of investors (who appear to be coordinating with Antonio Garcia and Carlos Novelo, and their United Owner Investors, Inc.) objecting to the sale of the Ranch. how old is daniel ashville louisy; nueces river public access; micropore tape pore size And we, we, some of the primary documents we translated into their languages. March 9, 2022 Motion to Approve Sale of Galileo Project Land Filed. TOM MANEY: Series of different companies, actually. The Galileo Project land is presently encumbered by roughly 1,700 fractional interests provided to the Galileo investors. If you are an investor and you agree that the claim determination prepared by the Receiver is correct, you do not need to do anything. EMILY GUERIN: But we knew they knew that wasnt true. At that time, you must provide copies (please do NOT send original documents) of all the information and documents supporting your challenge, for example bank statements and the front and back of cancelled checks. A copy of the listing brochure is posted in the documents section. In that case, the U.S. Attorneys Office in 1977 secured a final judgment against Maneys previous employer, Great Western Cities, to enforce an order to pay nearly $4 million to purchasers following illegal land sales, also in California City. At the same time the Receiver accepted an offer to purchase the Silver Saddle Ranch, he accepted an offer to purchase the Galileo Project Land. Oh, that's great stuff right there. Oh, gee, I would love to get him on the witness stand in federal court. chandrika tandon and indra nooyi Facebook gurunanda diffuser instructions Twitter petronas offshore malaysia Instagram burning dove symbolism death YouTube riverdale neighborhood portland, oregon Pinterest. Now the California Attorney General has accused nine of these sellers with crimes.accused nine of these sellers with crimes. The Court said that the Receiver can continue to collect funds for the Receivership Estate, but the stay may affect the timing of a distribution to investors. In my podcast California city, I told the story of a small town in the Mojave Desert where, for more than six decades, salesmen have been selling nearly worthless desert land to unsuspecting people. I have nothing planned Um, but at that time, though, he didn't tell me about, it was an investment thing. is kikiam good for dogs is kikiam good for dogs is kikiam good for dogs The Receiver will reply to any objections and the Court will rule. Each sale is alleged to be a separate violation. EMILY GUERIN: I feel like maybe theyre not as bad as I thought they were. Post comments: . The criminal case continues and, as a result, the Court has extended the stay in the receivership case until at least the next status conference which it scheduled for September 15, 2023. Now I'm locked in. We know that . Afterwards, I went back and I read all the transcripts of all the interviews Id done with people who bought into Silver Saddle. But of course, like everything in this story, its more complicated. EMILY GUERIN: So do you think that he's making this up? '../imgs/USA.png' ?> //= $_COOKIE['currency'] == 'CAD . October 16, 2019 Preliminary Injunction, Asset Freeze, and Confirmation of Receiver Order Issued by San Diego Superior Court. The young dad, fresh out of jail, with only $1,000 in the bank and a fussy baby in his arms. Insperity, the payroll provider, will issue W-2s to former employees by January 31, 2020 via either U.S. mail or electronic delivery. And they talk about it as if its run by the mob. She was Tom and I was me. Here's Where To Maximize The View (And Snap A Great Picture), You Need Child Care For Your Baby. DBO also filed a motion for preliminary injunction to stop these additional corporate defendants from collecting money related to the Galileo Project. Today, put a dollar value on the trustworthy reporting you rely on all year long. Now I'm starting to get nervous. James bought cigarettes, and I hit up the only coffee shop in California City: the McDonalds. It's like, we're, you know, Hispanics are more than 50% of the population in California. View Marian Ducreux's profile on LinkedIn, the world's largest professional community. The DBO previously issued a Desist and Refrain Order on June 18, 2019, that directed Maney, Silver Saddle and the other business entities to stop offering or selling investments in the desert property. used kompact kamp mini mate for sale. EMILY GUERIN: You dont, you dont think so? Did he believe what his salespeople were saying? I knew his wife, Sharon, was an abstract painter. Importantly, the Receiver intends to request the Court authorize that the Galileo Project vacant land be conveyed with a clear title and free of the Galileo Project investors fractional interests. The Final Determination of Investor Claims will be used to calculate the pro rata share of any distribution ordered by the Court. B. Gordon and Exhibits, https://www.loopnet.com/Listing/20751-Aristotle-Dr-California-City-CA/19775266/, https://www.loopnet.com/Listing/Rutgers-Rd-Kennedy-Blvd-California-City-CA/20743529/. Last year, the Receiver sought the Courts permission to approve the sale of land owned by Receivership Defendant High Plains Mesa Holdings, LP, for $4,100,000. You never know. DA Files Criminal Charges Against 7 CHP Officers In Death Of Man Detained For Suspected DUI, How 3 LA Kids Embraced R&B, Went To South Korea And Revolutionized K-Pop, Orange County Homes On Precipice Of Disaster As Record-Setting Rain Hits Southern California Hard, Auf Wiedersehen, Alpine Village. Or ostracized. MICHAEL VIERNES: My name is Michael Viernes, and I'm from Union City, and I happened to go, went, I went to Side Saddle Ranch about a year ago if I'm not mistaken. EMILY GUERIN: Like decades in the future? The Court granted the Receivers request on June 11, 2021. Hes brilliant as to his ideas and how he structures things. Its not. Great Family Events like Night Swims and Family Fun Day with a DJ. Project Land filed we have noted repeatedly, calculating the Final Claim Determination amounts does mean! 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