Entries Tagged as 'REIT'

League Investors Join Forces

March 17th, 2014 · 2 Comments · League REIT Updates, REIT

rolands.lakis / Foter / CC BY League investors are getting together to fight. So far the monitor PWC and the investors’ lawyer Faskens has not had any good news at all about recovery of the $370,000,000 taken from 4200 investors that are victims. They are breaking out of the shame and guilt and working together […]

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Did I Kill League REIT?

February 1st, 2014 · 16 Comments · League REIT Updates, REIT, SLAPP suit defense

Foter / Public Domain Mark 1.0 Tim Kiladze of the Globe & Mail has been writing about League. Earlier this year he stopped short of calling them a Ponzi while stating that LISI staff told him they could only fund investor redemptions by finding new investors to invest. It takes a brave journalist to continue […]

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License to Steal

September 9th, 2013 · 2 Comments · Property Management, REIT

I’m disappointed. It turns out that for a few thousand bucks, a few hours of lawyer work, some flashy clothes, glib smile and a fancy office, you too will be able to trick some people entirely legally, take their RRSP money, waste it on tenuous schemes and walk away with impunity. I would think that […]

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Real Estate – Belief Not Required

August 19th, 2013 · No Comments · Property Management, REIT

Real Estate is not rocket science. The most valuable asset you have when figuring out real estate is a calculator. If the numbers and the premise do not add up, the business plan is finished. You’re not in this for your health, you’re in this to make some dough. Belief = Scam If the people […]

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League Also Suing Gateway Property Management

July 8th, 2013 · No Comments · League REIT Updates, REIT

I have a lot of trouble reconciling the public side of League with the side that likes to sue. It’s not really the land of milk, honey and unicorns. It’s lawyer land, where every time League gets butthurt they rush off to B.C. Supreme court to file a claim. Hopefully for investors they get a […]

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