Entries Tagged as 'REIT'

Caught Again! Proxy Trickery At Partner’s REIT

July 6th, 2014 · 14 Comments · Partner's REIT Updates, REIT

EDIT: Actually this entire post is wrong. I made a mistake. It happens I missed the news that Orange Capital withdrew all their nominees for Trustees. I have no idea why they did so after going to court and winning the right to put those nominees forward, but there you have it. I apologize for […]

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League Investors Join Forces

March 17th, 2014 · 6 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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