• Report: #1068875

Complaint Review: American Dreamworks Realty

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  • Submitted: Sun, July 21, 2013
  • Updated: Wed, May 14, 2014

  • Reported By: Anonymous — Sacramento California
American Dreamworks Realty
3775 North Freeway Blvd. Ste. 101 Sacramento, California USA

American Dreamworks Realty Edward Cathcart, UWIN, United Wealth Investors Network Edward Cathcart conspired in an illegal dual agency relationship to extort money from me. Sacramento California

*REBUTTAL Individual responds: "Guilty Until Proven Innocent?"

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Ed Cathcart with American DreamWorks Realty conspired in a Real Estate Fix and Flip project forcing me into selling out at a huge loss to his illegal dual agency client through intimidation and threats.  I have as many as 5 DRE Violations to file against him.  

One of Ed Cathcart partners is James Leis of UWIN (United Wealth Investors Network in the North Natomas area of Sacramento, CA. James Leis is also an Advisory Board Member of Renatus Education.  

James (Jazz) W. Dexter, the Director of Operations for UWIN gives fraudulent Testimonials to potential Renatus Education Students in order to sell them real estate education for huge commissions.

Together, these 3 crooks lure & target unknowing victims into their group with Real Estate Education, only to partner in deals with them, then manipulating the deals and using unlicensed construction contractors in order to fill their pockets which hurt real estate investors. [continued below]....

.....  The new members wind up leaving the group, absorbing the loss as their only alternative is to pay attorney's fees in order to fight them.

The opportunity to scam and rip people off is just too irresistable for these people to pass up.  Don't be their next victim.  

 

 


This report was posted on Ripoff Report on 07/21/2013 11:47 AM and is a permanent record located here: http://www.ripoffreport.com/r/American-Dreamworks-Realty/Sacramento-California-95834/American-Dreamworks-Realty-Edward-Cathcart-UWIN-United-Wealth-Investors-Network-Edward-1068875. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
0Author 0Consumer 1Employee/Owner
Updates & Rebuttals

#1 REBUTTAL Individual responds

"Guilty Until Proven Innocent?"

AUTHOR: James - ()

If you're reading this page, you're most likely checking out UWIN and/or one or more of the parties named here, James Leis, Edward Cathcart, or myself, James "Jazz" Dexter. I have done the same 'due diligence' on many organizations in recent years.

I ask only that you not go away with the assumption that "where there's smoke there's fire." I'd like to set the record straight.

First, the individual who has chosen to post these vicious and libelous accusations anonymously is Charlotte Marlene Kyle, a Director of the California Licensed General Contractor, Lincoln Creek Builders, License Number 910885. In mid-2012, Ms. Kyle and I agreed to enter into a partnership to purchase, fix and resell for a profit, a single-family home in Sacramento, and split the profits equally.

My mistake was in proceeding into this arrangement without a signed written agreement. Although I knew better, time to close the deal was short, and Ms. Kyle seemed trustworthy at the time. We went ahead with the deal, she acquired title to the property in the name of her contracting company, Lincoln Creek Builders. 

To make a long story short, this property was acquired for $93,500, renovated according to the bid that Ms. Kyle put together at the outset showing costs, including contingencies, of $24,500 and then it was sold for $175,000. Yet, at the completion, Ms. Kyle maintained that there was NO PROFIT to be split! Really?? And she has the audacity to call me a fraud?

If there was no profit, then why not?? She represents herself as a licensed contractor, how could she possibly not make a profit with those numbers? Either her bid was outrageously low to start with (oops, her mistake?) or she proceeded to hide the profit by funneling it to her partner via outrageous fees and charges (she actually admitted this at one point). Although I asked for a copy of the accounting, my request was denied.

During the renovation period I continually requested completion of our written partnership agreement, and every time a draft was prepared, she refused to sign, citing changes that she wanted, but could never seem to find the time to commit to paper. In short, she strung me along.

Yet, in good faith, I continued working on the project, investing more than 600 hours in the project. I'm a man of my word. When I finally realized that she intended to cut me out without any compensation, I took the only recourse I had by filing a lien on the property. 

I filed a claim with the Labor Commission, believing that since I was promised compensation for my participation on the project, and no compensation was forthcoming, I could only claim that I was an employee of their company. There was no written contract as to a partnership, and since I was following their directions and using their vehicle and tools on the job, I could never be considered an independent contractor under the law. 

Ms. Kyle argued in the hearing that I was never an employee, that we had a "verbal partnership" agreement. I argued that there is no such thing in real estate--all agreements must be in writing to be enforceable. Without an agreement, and barring independent contractorship, employee status was the only other alternative, as I saw it. The hearing officer didn't agree with me. He ruled that I hadn't established my case for employment.

As evidence of the childish vindictiveness of Ms. Kyle, she thought she would rub some salt in my "wound" by sending, by certified letter, return receipt requested, a copy of the Labor Commission decision, with a happy-face sticky note attached. Really? Yeah.

Based on the above, Ms. Kyle has manufactured claims of several illegal activities on my part, and those of my associates. She has resorted to this venue because she hasn't been able to get any of the authorities to pay any attention to her fantastic rantings. If she had any proof of her ridiculous allegations, wouldn't we be behind bars? Fraud, blackmail and extortion? Really?

Just for the record, UWIN has no employees, and I have never been given the title of Director of Operations by anyone other than Ms. Kyle in this "report". I receive no compensation from UWIN, nor do I work in any capacity other than as a volunteer member of this organization formed to support fellow students of real estate investment.

Anyone whe has been invited by me to our meetings and who has had the opportunity to evaluate UWIN and our business model will readily testify that I have never "lured" them with "false testimonies" in the group.

Nor have I ever "stolen" anyone's commissions (not possible within our structure), manipulated people into making decisions against their own best interests or attended a class that promoted doing so. Such activities are stupid and counterproductive to what we're trying to accomplish. We're working to build a cohesive community of like-minded investors, because by doing so, everyone benefits. Too bad Ms. Kyle doesn't understand that.

What's truly sad in this scenario is that an individual with an ax to grind can make up the most fantastic and outrageous accusations and post them on the Internet as a permanent* blot on our organization, our careers and reputations, with the apparent intent to damage our legitimate business operations. Who's extorting whom?

What has happened to "innocent until proven guilty"? In this case we're deemed guilty without a shred of proof! Picture yourself in my shoes. What would you do? All I can do is challenge Ms. Kyle to bring her so-called proof to the authorities and make her case. The fact is that she can't. There is no proof of any wrong-doing whatsoever! 

So, if you're here checking us out, I invite you to come to our office, attend a meeting or one of our monthly workshops and learn what we're about. Leave your cash, credit cards and checkbook at home--we don't send people to the back of the room to sign up for anything. Judge for yourself if we're for real, honest and aboveboard. 

By the way, I've limited my response here to the part of Ms. Kyle's diatribe aimed at me directly. However, I want to mention that my associates, James and Edward, and the many participants in UWIN are some of the finest and most ethical people I've had the good fortune to meet and do business with. Again, come meet them and judge for yourself.

If you have any questions or want more information, call me directly at 916-343-0401.

*By the way, in case you were unaware, this website states that they will never remove a complaint, even if the original author requests them to do so.  

 

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