• Report: #628841

Complaint Review: Collective wealth properties

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  • Submitted: Tue, August 03, 2010
  • Updated: Tue, August 03, 2010

  • Reported By: backatcha — Glendora California United States of America
Collective wealth properties
14400 Valerio st van nuys, California United States of America

Collective wealth properties Terry Taylor, Johnathan Khorsandi, Phil Kim, Phillip Kim Real estate Investors stole money and blame others van nuys, California

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Terry Taylor, Phil Kim, and Johnathan khorsandi, of collective wealth properties, illegally sold properties, made deals with banks, and forged documents all at the expense of investors involved with them in 4 properties in the Southern California region.


Terry is the ring leader of the bunch. He uses his old age to his advantage, making people feel sorry for him. Ironicall, with all the bad this guy has done, he is studying to become a minister. He, and his partner Johnathan khorsandi, forged documents to state that he was the managing partner of investments he wasn't even a part of. Furthermore, he convinced investors to take a substantial loss on a property instead of saving the investment by declaring bankruptcy and restructuring. Since the forclosure, its been found that he had a side agreement with the bank to make more money without sharing with the others involved. [continued below]....

..... Also, He illegally sold a property and took the funds from closing and divided it up with people that never invested in that property. He blames everything on others and it has caught up to him.


I dont really need to say much about Phil Kim. Just look up his old company, officetronics, to see what this guy is all about.


This report was posted on Ripoff Report on 08/03/2010 11:39 PM and is a permanent record located here: http://www.ripoffreport.com/r/Collective-wealth-properties/van-nuys-California-90024/Collective-wealth-properties-Terry-Taylor-Johnathan-Khorsandi-Phil-Kim-Phillip-Kim-Real-628841. 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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