• Report: #550527

Complaint Review: Broker Jean R. Pierre-Paul is a Crook - Premier Realty And Investment Group Inc

  • Submitted: Wed, January 06, 2010
  • Updated: Wed, January 06, 2010

  • Reported By: Mike — Miami Florida United States of America
Broker Jean R. Pierre-Paul is a Crook - Premier Realty And Investment Group Inc
8410 NE 1 Place Miami, Florida United States of America

Broker Jean R. Pierre-Paul is a Crook - Premier Realty And Investment Group Inc Federal Crime, jrloan@bellsouth.net Miami, Florida

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I was looking for a house to rent, so I decided to walk into a realty office by the name of Premier Realty & Investment Group. When i entered i was approached by broker-Realtor Jean R. Pierre-Paul. He decided to show me a few houses, after seeing a couple of them, he asked me if i would be interested in making money, i said sure. He told me that he wanted to buy a $700,000 house, and he wanted to put my name on the note (mortgage) and on the title, and if i would agree to it he would give me $12,000.
I told him i don't qualify for more than $250,000, so he said he got his own in house mortgage broker, who was also his friend, and who can fraudulently make me approve. So when i asked him whats the purpose, so he explained to me that how after the closing (After I purchase it for $700,000), I would then re-sell the house to his other friend for the $900,000. And he explained how he would get another of his friend's that's an appraiser to screw up the appraisal, and appraise it for $900,000. And they would share the $200,000 profit.
He explained to me he did it several times in his past with other what he termed as "straw buyers." And explained how he would pay me between $12,000-$18,000 every time i do it.
He told me how its not illegal, and this and that, but explicitly demanded that I NOT tell anyone about it.
I decided to consult with my cousin who's a Realtor in Atlanta, he told me how its a federal crime, and he told me not to get involved in those type of adventures, because its defrauding federal financial institutions. And I can spend time in federal prison. With everything that's going on now, thank god i didn't go through with it.


This report was posted on Ripoff Report on 01/06/2010 05:50 PM and is a permanent record located here: http://www.ripoffreport.com/r/Broker-Jean-R-Pierre-Paul-is-a-Crook-Premier-Realty-And-Investment-Group-Inc/Miami-Florida-33138/Broker-Jean-R-Pierre-Paul-is-a-Crook-Premier-Realty-And-Investment-Group-Inc-Federal-550527. 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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