• Report: #1036228

Complaint Review: Bay Area Equity Group, LLC

  • Submitted: Tue, March 19, 2013
  • Updated: Fri, March 22, 2013

  • Reported By: adlifw — Sacramento California
Bay Area Equity Group, LLC
1901 S. Bascom Ave. #1325 Campbell, California United States of America

Bay Area Equity Group, LLC Takes your life savings in exchange for worthless properties Campbell, California

*Author of original report: Antranik Kabajouzian of Bay Area Equity Group has been arrested!!!!!

*Author of original report: More picture

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Bay Area Equity Group occupies a swank office in a high rise. Their sales staff is smooth as silk. Their President very convincing. They were so incredibly good that I invested my life savings in their 15% ROI income property investments. They even manage the properties and guarantee your rents. No brainer, right? It would have all been great had I actually collected any rents. But alas, that was not to be.

What I was presented with in touched up photos and what I ended up with beared no resemblance. Properties were not rehabbed. In fact, they had never even set foot in these properties. There were no tenants in place. Congratulations, I am now a slum lord. And it's going to cost me thousands of dollars to make these properties livable.

Don't be fooled by these guys. It's tempting. It's intoxicating. But it's a big fat lie.


This report was posted on Ripoff Report on 03/19/2013 05:44 PM and is a permanent record located here: http://www.ripoffreport.com/r/Bay-Area-Equity-Group-LLC/Campbell-California-/Bay-Area-Equity-Group-LLC-Takes-your-life-savings-in-exchange-for-worthless-properties-C-1036228. 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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#1 Author of original report

Antranik Kabajouzian of Bay Area Equity Group has been arrested!!!!!

AUTHOR: Sam S. - ()

The owner, Antranik (aka Anto and Tony) Kabajouzian of Bay Area Equity Group, has been arrested and is being held in lieu of $3.5 million bail. If you purchased property(ies) with cash, or through Entrust or Provident, you can join my class action lawsuit. Contact Cathy Lerman at The Lerman Firm. clerman@lermanfirm.com

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#2 Author of original report

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AUTHOR: adlifw - ()

It just keeps getting better!!
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