• Report: #469130

Complaint Review: Douglas Fonteno And Hilton Head Properties

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  • Submitted: Mon, July 13, 2009
  • Updated: Tue, November 27, 2012

  • Reported By:Dallas Texas
Douglas Fonteno And Hilton Head Properties
400 N St Paul, # 1400 Dallas, Texas U.S.A.
  • Phone: 214-712-9800
  • Web:
  • Category: Realtors

Douglas Fonteno And Hilton Head Properties You will lose everything Dallas Texas

*UPDATE EX-employee responds: UPDATE EX-employee responds: FACT: Fonteno/HHP prove in court all reports false, win $7+ mil against former emp. Davis who posted all reports after getting caught embezzling from Fonteno and HHP

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I am a former employee of this scam artist, convicted felon, douglas t. "chase" fonteno.......he has an investment company called, www.hiltonhead properties.net. that is far from the truth and here is where it connects to the IRS and Linebarger, Goggan , Blair and Sampson in Dallas.

He has a large number of single family properties in Dallas and Houston and to my knowledge has never paid a single dime of taxes on any of them. He acquires them thru a technique called adverse possession and closes them in his in house title department, with no legal counsel present and all title documents are prepared by doug himself with language to protect him and to take advantage of this that do not speak english or has very little education. There is no regulation on paying the taxes or anytyhing. He currently owes hundreds of thousands of dollars, if not millions in taxes in dallas county alone.

the scheme goes like this-- he had employees called associates or partners (they all quite because he never pays employees, rips them off too, so now he drives around finding vacant houses) find houses that are vacant and he puts a for sale sign in the yard and waits for a call. He then in turn sells the property to them, in house, without any form of clean title. and they put a small down payment, and start making payments. Most clients are low income moinorities and they really don't understand the issues surrounding the property

san antonio district attorney has issued an opinion that there is possible fraud in the procedure and he no longer does business in san antonio, he is terrified of going back to prison.

anyhow-taxes are owed and are never paid. His buyer continues to pay monthly and the tax burden rises and the buyer is unaware until a taxs suit is filed. The Hilton head grorup has no way to ever give a clean title to the client......not ever without paying the taxes as they go.

many clients have filed suits, class action issues against fonteno, but he continues to escape.....the scheme never ends in that the client pays, fonteno doesn't own the property and many times the taxes owed are higher than the note or the value of the property....so his minority client is buying nothing- just paying fonteno to live on ranchero drive and drive his hummer, until it was repoed,now he drives a motorcycle that the finance company has been looking for since 2006....by the way- that ranchero property , there is over 225k in taxes owed on this....
and why is Lineberger so dumb as to let this happen.....well,. fonteno is a clever little con-man.....he forms LLC's with each of his associates and the houses are in different names, alll under fonteno's control.....such as, blue roan, silver west, bright horizons, gatsby, camden, hyde, novo,
and saige properties to name a few....this way it frees hilton head from any tax liability and tax suits, or lawsuits.....suits come into tthe office at n st paul but directed to the LLC's and they have few assets or money ..

and guess what- he doesn't pay payroll taxes either......hundred of dollars owed currently, and the doors are still open, that is unless he doesn't pay rent, and that happens, that is why he was evicted from the elm st address , because he doesn't pay that either.....the Irs NEEDS TO WAKE UP AND SMELL THE COFFEE OR SMELL THE POOP

doug will boast to you that he has started over 40 companies, and not tell you that they are all in debt or have already closed because of his mismanagement.

Fonteno is a convicted felon, for mostly the same type stuff---ponzi, I mean a real ponzi scheme......he takes money from investors, gives them all the same collateral (either those run down s. dallas adverse possession houses he does not have title to or those condemned condos in houston, which are somewhat worthless....they all think they are getting a real prize for their money, but actually fonteno never spends their money where they think it went, but buys cars, pays company payroll, lavish parties and running women like an olympic sprint, he even prints their pornographic pictures in the office leaving the pictures on the color printer for clients to see when they are there....

this guy needs to be stopped before everyone looses everything.....i cannot think of a single employee who left that was paid current, and many investors who put money in the deal, and there was only one deal-----fonteno...

what does it take to put someone out of his misery-----wake up lineberger and IRS.....your inaction is hurting everyone...

ps: oh yes- he still owes the SEC about 135k-----I wonder what investor will pay for that......don't let it be you......

Angel
Dallas, Texas
U.S.A.

This report was posted on Ripoff Report on 07/13/2009 01:31 PM and is a permanent record located here: http://www.ripoffreport.com/r/Douglas-Fonteno-And-Hilton-Head-Properties/Dallas-Texas-75201/Douglas-Fonteno-And-Hilton-Head-Properties-You-will-lose-everything-Dallas-Texas-469130. 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 UPDATE EX-employee responds

UPDATE EX-employee responds: FACT: Fonteno/HHP prove in court all reports false, win $7+ mil against former emp. Davis who posted all reports after getting caught embezzling from Fonteno and HHP

AUTHOR: MWatson - (USA)

FACT: The prior report is fake.  The Report (and many others) were filed by Michael R. Davis (posing as various other people) a former employee that was caught embezzling from the company and found guilty.  In court, they used the ip address for all postings and compared it to Mr Davis's ip address he used to access his email and other accounts.



I am a former employee of the company and can testify to these facts. 



But I don't need to - there is a court case for the embezzlement 'and' one for the slander, libel, dispargment and other things Michael Davis did to the company and to Mr Fonteno and Hilton Head Properties, including writing numberous false reports on the rip-off report, filing false new stories, giving false information to Channel 11 and the Dallas District Attorney to cause a live news broadcast - related property of which Mr Fonteno and the company have no ownership or interest in.



All of this was disclosed at court.  Mr Fonteno and the company won almost $8 million in damages against Michael Davis because of false news releases, websites and postings (like this website, pretending to be former employees, clients, etc.)  (you can find out 'real facts' yourself by searching for 'michael r davis maelstrom' and you will find links directly to the Dallas County Courts. 

Court Case Numbers: DC-09-09666 for the slander, libel...  and DC-09-09868 on the bank fraud.

http://www.hiltonheadproperties.net/legal/michaelrdavis.htm



Michael Davis was found guilty of accessig bank accounts online without authorization, violations of the Texas Wiretap Act related to such bank access and other criminal actions.



If you note - all the reports filed on the ripoff report were written during a very short time period - the same period of which Michael Davis was on his attacks.   The company evidently did not realize they had hired a guy to work in accounting (and had him handle many of their bank account activity directly with the bank) that was just weeks after he was out of Federal Prison for loan fraud (apparently the company did not know that).  



You can also go to the Dallas County website at dallascounty dot org and search for cases with Michael R Davis between 01/01/2008 and 10/10/2010 and you will find both cases, or use the case numbers listed above - so you are getting the information directly from the horses mouth - not just someones website.



The ripoff report is a good site to help people point out issues to protect consumers - but in this case, Michael R Davis used the ripoffreport.com as a tool to damage a company and its boss Mr Chase Fonteno by making false statements to cover his own tracks of embezzlement, fraud and other acts.



This site operates under the guidelines - once posted - it is never 'ever' removed.  (even a judge cannot remove posted information from this website due to an interesting federal law called the 'internet decency act')



You can contect me if you wish.  The attorney that handleded the case for Mr Fonteno and the companies was Kristine Skocpol-Saleh.  Good attorney in Dallas.



And certainly - the company and the attorney are expecting more postings by Mr Davis 'of course - again, posing as other people again', now that all his postings are being responded to.  I volunteered to post the facts.     All the prior postings on here are just words without any facts - till now. 



Don't believe all you read on the internet (even from HHP) 'without checking their basis.  That is the very reason that Hilton Head Properties provided the page on Mr Davis on their website - so you can easily click directly on the court websites and you can also get direct copies of all documents proving their statements.



Check out the facts by doing research in the courts and copies of the petitions, court filings and eventual Court Orders signed by the judge.  Which all are on Hilton Head's website at   http://www.hiltonheadproperties.net/legal/michaelrdavis.htm.   Again - if this link is redacted when this listing is published, you can just do a google search for "michael r davis fraud" and you will find information easily.



Mark
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