Sometime in 2007 I loaned Mr. Peter Desantiago, doing business as Westend Properties, 9343 tech center dr. Sacramento,Ca.one loan in amount of 45k secured by a property located in Yuma street Aurora,Colorado, and another for 50k secured by his home residence on Everboom st. Sacramento,Ca. He operated his buisness under the name of Westend Properties to defraud investors of large amounts of money.
Pretending to use the money to repair and sell these properties he waited for the proper time to commit fraud. When he got the first loan for 45K he was doing interest only payment on time,but once he got the second loan for 50k putting his home residence as collateral he stopped making payments on interest on both loans. When confronted about the monthly payments he gave the the ran around stating "The secretary quit" "I'l pay you next week, next month, maybe in July, maybe at the end of the year" and when asked for the money back his stated "suit me"
When I receive a letter from the county of colorado stating that the Yuma property was foreclosing I asked him why he had let the propery go and if he had done any repairs to it he stated "very little", and "the value of homes went" down and "I could not sell." I indicated to him that what he had done in essence was a dishonest act defrauding investors like he was doing. I am still waiting for Mr Peter Desantiago to repay my principle and interest from my loans to him.
Ezequiel ****
fairfield, California
U.S.A.