I was lured into investing on an investment property with Lloyd Segal and Sam Sadat. I met Lloyd through his "so called" California foreclosure institute workshops. I didn't have the fee to pay for his class, so as I dug into my pocket after the first free teaser workshop "which is nothing but hype" I didn't have the $300 fee to pay and so I was shocked at the way he reached for my $243 cash that I had on me! He took that and did not provide me with a receipt. So from there I attended his weekend "foreclosure institue" and the whole thing seems very legit when you're new and green to this real estate business, then after watching him really closely I realized the guy is a fraud. Too bad I googled his name "after" I had already given them 20K for partnering on a property! Ater that it was one misrepresentation after another. He gives himself and his partner "sam sadat" shares of every property they purchase with unsuspecting innocent students who have no clue on what's happening, plus they charge them all kinds of fees for rehabbing the property, managing it, creating an LLC. They never supplied me with any paper trail on anything, all they gave me was a spread sheet with their own numbers plugged in and as soon as I hesitated to sign a 37 page contract that pretty much stated I had NO rights to this property they immediately kicked me out of the partnership without my consent and mailed me my check back and this was all after they had refinanced this property and so they didn't need my money any more. At this point they'd be taking over my share as well as the 20% share that they had already given to themselves without investing a penny out of their own pocket. It took them 6 weeks to let me know where and what my money was invested on, who the partners were and what the terms where going to be. You see they tell you one thing but wait until the very last minute where you're under a lot of pressure to sign something and that is when they switch all terms on you! After I looked up Lloyd Segal on Google that's when I realized that this was the reason why he had his law license taken away from him. He was convicted of credit card fraud, bankruptcy fraud, bad checks and all kinds of stuff... but he's an X lawyer / weasel, who knows the law and always walks that fine line without getting caught. As soon as some one like myself protests to his crooked ways of conduct he immediately serves them with a cease and deseas letter and uses his attorney scare tactics to scare them away and eventually walk away from their rights. Then he moves on to his next victim. I really wish some one would investigate these guys and stop them from doing this to innocent unassuming investors. I'm willing to provide all emails, paper work, agreements to any one who is willing to bust these two crooks.