• Report: #261388

Complaint Review: Hilton Head Properties, By Chase Douglas Fonteno

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  • Submitted: Tue, July 17, 2007
  • Updated: Fri, November 02, 2012

  • Reported By:hurst Texas
Hilton Head Properties, By Chase Douglas Fonteno
1401 Elm Street, Suite 3800 Dallas, Texas U.S.A.

Hilton Head Properties, By Chase Douglas Fonteno Defaulted On Debt of $47,500, Commission for $945,000 investment, On which they are also In default Dallas Texas

*UPDATE EX-employee responds: HHP & Chase Fonteno Win $7Mil against Michael Davis for false statements on RipOffReport

*UPDATE EX-employee responds: FACT: Jury awards to Fonteno / HHP over $2.4mil against Amardeep and McGyver

*Consumer Comment: I agree that Chase Douglas Fonteno is very dishonest, money laundering.etc.....

*UPDATE EX-employee responds: The Prior Two 'ex-employee' statements are 'not true' and both by Patricia Rios - a disgruntled employee

*UPDATE EX-employee responds: Fonteno is a con man

*UPDATE EX-employee responds: All this bad news is more than likely all true.

*UPDATE Employee: Hilton Head Properties scammed by Investors trying to hide $1mil cash??? or attempting fraud???

*UPDATE Employee: Hilton Head Properties scammed by Investors trying to hide $1mil cash??? or attempting fraud???

*UPDATE Employee: Hilton Head Properties scammed by Investors trying to hide $1mil cash??? or attempting fraud???

*UPDATE Employee: Hilton Head Properties scammed by Investors trying to hide $1mil cash??? or attempting fraud???

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This company definately belongs in the highest catagory of Rip off in my opinion as they have defaulted on a legal debt of $47,500 owed to me for commission for which I took a 7 month note, and they still defaulted. The commission was for a $945,000 investment, from their largest investor, that I help them secure, on which of course they have also defaulted. I smell fraud, and would discourage anyone from lending them a penny.

The CEO, Chase Douglas Fonteno, an EX CONVICT, tends to talk very highly of himself as he is the son of a former commissioner of harris county, TX, and is member of The Billionaire Boys Club and The phoenix Foundation which in my opinion are just cover ups he uses to Rip people off and live off's OPM, OTHER PEOPLE's MONEY.

He promises so much, and delivers nothing. Do not beleive anything he tells you.He is going down so I wouldn't say think twice before doing business with him, becuase that will be stupid, JUST RUN IN THE OTHER DIRECTION.

I'm planning on taking him to court, so if you have been cheated in any way by him, contact me, so we can sue his a** in the court together

Amardeep
hurst, Texas
U.S.A.

This report was posted on Ripoff Report on 07/17/2007 10:51 AM and is a permanent record located here: http://www.ripoffreport.com/r/Hilton-Head-Properties-By-Chase-Douglas-Fonteno/Dallas-Texas-75202/Hilton-Head-Properties-By-Chase-Douglas-Fonteno-Defaulted-On-Debt-of-47500-Commission-261388. 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.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

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#1 UPDATE EX-employee responds

HHP & Chase Fonteno Win $7Mil against Michael Davis for false statements on RipOffReport

AUTHOR: MWatson - (USA)

All reports prior to this posting, written about HHP and Fonteno on this site are fake and were written by Michael Davis - a former employee terminated for embezzlement - court records provide in this posting.  Michael Davis, a disgruntled employee who was caught embezzling from Hilton Head Properties (proven below with court records) did between Oct/2008 and Oct/2009 write everyone of the ripoffreports on this site during that time - under various other people's names.  This was proven in court.  They are not true.


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' the slander, libel, dispargment and other things Michael Davis did to the company and Mr Fonteno, including writing numberous false reports on the rip-off report.  All of this was disclosed at court and Mr Fonteno and the company won almost $8million in damages 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.   He 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 that was just weeks out of Federal Prison for loan fraud.


You can also go to the Dallas County website 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 it to try to damage a company by making false statements that cannot be removed.

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

And certainly - they are expecting more postings by Mr Davis 'as other people again', now that all his postings are being responded to by me.  I volunteered to post the facts.  All the prior postings on here are just words without any facts - till now.  Check out the facts by doing research in the courts and copies of the petitions and court orders are on hilton head's website.

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#2 UPDATE EX-employee responds

FACT: Jury awards to Fonteno / HHP over $2.4mil against Amardeep and McGyver

AUTHOR: Mark Watson - (USA)

Well... Now we know the truth.   A Jury on July 17, 2009 awarded Mr Fonteno and Hilton Head over $2.4 million in damages against Amardeep and McGyver Finance.  Don't take my word for it.  Google search for 'Fonteno McGyver Jury' and you will get all the news, which has links back to court documents to prove it.  The Court Case is Dallas County 134th District Court, Cause Number # DC-07-02527   HHP vs McGyver..

And...  The reports that followed the initial report - which were by "sage", "angel" and "The Big Boss" ( in addition to other ripoff reports posted against HHP and Fonteno) - are all fakes.  They "are" reports filed by Michael R. Davis usiing various fake names of 'real current and former employees, clients, investors, etc.   Mr Davis is a former employee that was caught embezzling from the company.   And all this is proven in two suits against Mr Davis that awarded over $8mil in damages to Mr Fonteno & HHP.  See below.

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' the slander, libel, dispargment and other things Michael Davis did to the company and Mr Fonteno, including writing numberous false reports on the rip-off report.  All of this was disclosed at court and Mr Fonteno and the company won almost $8million in damages 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 doing a Google Search 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.   He 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 that was just weeks out of Federal Prison for loan fraud.

You can also go to the Dallas County website 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 it to try to damage a company by making false statements that cannot be removed.

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 - they are expecting more postings by Mr Davis 'as other people again', now that all his postings are being responded to by me.  I volunteered to post the facts.  All the prior postings on here are just words without any facts - till now.  Check out the facts by doing research in the courts and copies of the petitions and court orders are on hilton head's website.

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#3 Consumer Comment

I agree that Chase Douglas Fonteno is very dishonest, money laundering.etc.....

AUTHOR: The Big Boss - (U.S.A.)

Yes Chase Douglas Fonteno owes me 9100.00 dollars,he scammed me saying that he owned condos on Antione and Desoto, Houston Tx, not true they were not own by him they were condemed properties that was not disclosed he placed them for sale on ebay fraudgently and stated he had free and clear titles another untrue statement. please lets put this individual back behind bars were he belongs, stealing and defrauding honest hard working people out of (THEIR HARD EARNED FUNDS)
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#4 UPDATE EX-employee responds

The Prior Two 'ex-employee' statements are 'not true' and both by Patricia Rios - a disgruntled employee

AUTHOR: Accounting101 - (U.S.A.)

I am also a former employee of Hilton Head Properties, but was laid off because of the economy. And being involved in the accounting and having first hand knowledge of the company - can state with definition: The two prior statements by 'a disgruntled employee' are the same employee (I am use to the wording she uses everyday and she repeats herself in the two reports). And the other report on here about Mr Fonteno - is also the same employee. Patricia Rios ! Now she can have her name on here. Just because she makes statements on here - does not mean they are true. If they were true - wouldn't she state her name instead of hiding it? So she could be sued and taken before a Judge to have the Judge decide if she is to be punished for lying or not?

Can you imagine what she will do to the next employer she gets hired by? I feel sorry for them already. Maybe they will read this and will have better knowledge.

Everyone in the company knew - when she was being fired - she was going to be vindictive. Guess she proved she is who she is. We heard daily how she did personal attacks on her neighbor over her issues with them. We just did not know the manner she would do so. Now we know.

As to the facts? The Hummer (H3 - the small one) was purchased by the company and is 'not' stolen. And is used by many of the staff to check out property, transport signs and other items to properties and pick up partners and associates from the airport. (and wouldn't you think a 'stolen Hummer' parked in 'valet parking' everyday at a major building would be easy to find - if it was stolen?)

I have had both: contact with the few investors (they only have 5) related to the company and all know Mr Fonteno well. As to 'ponzi' scheme - hmmm... all money goes directly into real estate, deeds filed and all. And they have never raised much money - wonder how you run a ponzi scheme like that. Big word used by Patricia to make it look true. Doesn't mean it is.

As to firing employees vs them leaving. Mr Fonteno does not do most of the hiring or firing. However, due to the current economy - he has had to do reductions and there were "both" terminations and employees "leaving". What is new about that in this country right now? Get over it Patricia.

As to Mr Fonteno being a crook - he had a securities violation for not properly providing disclosure on a project back in 1993 because he did not know how to do it correctly. Not exactly a new issue. And boy is he well versed in securities now. And in fact he tells 'Everyone" ! He does not want anyone to 'not know' and find out later. He tell employees (from secretaries to executives) 'before' he hires them. Tells people he is friends with, charities he helps, investors and anyone he feels should know. And - since that date - he has taken two of his own companies public and help many others as well. His mistake for lack of knowledge caused him to have considerable training and knowledge after that - and now is paid by companies for business advice to prepare them in handling securities. Plus - he now uses his in-house attorney and several outside attorneys to review everything he does - specifically securities. So - good news Patricia - how about giving 'full disclosure' onstead of spashy headlines?

"Chase" is the name he has had since elementary school - not exactly a name to hide behind since he has used it for over 30 years. Mr Fonteno is allowed to live anywhere he desires. His 'residency' is in Houston and spends a little less than 1/2 his time in Dallas.

As to investors - Mr Fonteno has not sought to 'raise any' investor capital in quite some time - I would know - I handled accounting and saw every dime transfer in and out. The same 5 investors have been involved with the company now for over 4 years. You would think if he was stealing - they would not invest anymore wouldn't you?

I know when I was leaving - he was about to do a securities offering, but he has securities attorneys laying it out and I am curious how would you steal investors capital if the offering is filed with the proper securities agencies and all fumds are monitored for proper use? That would land anyone in jail immediately.

Again - ridiculous statements by Patricia to attack Mr Fonteno for termination.

The company has amassed quite long list of homes, mortgages and multi-family properties over the last 5 years.

And what does Mr Fonteno get from it. Actually - pays himself less than he paid me. Seriously. He lives very inexpensively and is focused on building a profitable company. He will get paid someday after it is much larger than it is today. He is 'not' the kind of guy that seeks 'cash today'.

The company did experience some slow downs and tight cash times a few months back - but seems to be better now. And I was terminated due to the current financial environment. I have a new job. And I like it. But I will tell you now. If Mr Fonteno offered me my old job back because the economy was better for the company - I would take it in a moments notice.

Nice guy - always friendly with all employees. But he would not put up with gossip or one employee bad mouthing another. That was Patricia. And she came and went when ever she pleased. No employee I know disagreed with her firing.

Not sure this will even be posted - but - here it is. I was a bit shocked to see yet another posting by Patricia and just felt someone should tell the other side.
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#5 UPDATE EX-employee responds

Fonteno is a con man

AUTHOR: Angel - (U.S.A.)

Hilton Head Properties and it's many associated companies are one huge ponzi scheme. Chase spends 98% of investors money on himself and whores. He is currently diving around town in a stolen Hummer or was at least at the time I left the company. Every employee quits though Chase, which is a fake name so that he can try to hide, tells everyone he has fired his employees they all leave him once they see he is a crook. He has cameras set all over the office to watch for the feds when they come in so he can run and hide like the coward he is. He has defraud numerous investors. He thinks he is a smart man but when I was there all the employees, customers and investors were laughing at him. He sleeps in his office many nights afraid to leave, that he might be arrested. He is in violation of his probation from Houston by living in Dallas, stealing a vehicle, never paying IRS taxes. Yes he has stolen the tax money deducted from mine and all the employees paychecks for his personal expenses. Do not invest with this man or his company, he will steal your money, you were never see a return, unless he can sucker someone else into investing in his scams. Do now buy a house from this man, he owns nothing. Do not sale your house to this man, he will never pay you. Do not work for this man, your name will be tarnished and you will never be paid. Run from Fonteno he will land you in prison along with himself.
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#6 UPDATE EX-employee responds

All this bad news is more than likely all true.

AUTHOR: Sage - (U.S.A.)

After working there for 8 weeks I got a really odd feeling that thinngs were amiss. The simple reality is the company has run out of money and is dying. The executives have all abandoned the company, Chase continues to ponzi good investors money after bad, and the company's demise is imminent.
The man who wrote the rebuttal, Dan Peavy - Gone. The VP Damon Nelson - long gone for months now. The man in charge, Chase... well read the most recent post and draw your own conclusions.
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#7 UPDATE Employee

Hilton Head Properties scammed by Investors trying to hide $1mil cash??? or attempting fraud???

AUTHOR: Rebuttal - Paul Parker Cso Hilton Head Properties - (U.S.A.)

My name is Paul Parker. I am an executive with Hilton Head Properties and several subsidiaries and I have first-hand knowledge of the actions of Mr David Gill (real name is Armadeep Gill), related to the item he posted on this site from the day he arrived with a dufflebag of $1mil cash.

Mr Gill approached Hilton Head Properties in late 2006 attempting to find out what the company owed to other investors that was expected to come due in the next month or so. It appears he was seeking to purchase debt so he could re-negotiate it for a high interest or possibly to attempt to take control of Hilton Head Properties. And in that effort, he did begin discussions with the company's largest investor without advising the company he was doing so. In an attempt to purchase the investors debt, he advised our President he intended to seek a board seat as well as one for Ms Katie Maan in exchange for renegotiating the debt he was going to purchase. When it was advised to him that contracts with our investors preventing our investors from selling any' company debt without Board approval, Mr Gill decided he wanted to invest in the company.

In the process of such actions, it became obvious Mr Gill worked for some unknown' individual named Prem Maan, who we were never allowed to talk to yet it appeared Mr Prem Maan was the true investor and Ms Katie Maan (real name is Kawaldeep Maan) was his daughter. All are natives of India.

The company allowed Mr Gill to have access to company information, after signing a non-disclosure agreement, to determine if he wanted to invest. Mr Gill advised he was well versed in business matters and was a qualified investor handling many millions of dollars for Mr Prem Maan. And he appeared to be fairly' knowledgeable. Therein, Mr Gill began a process of attempting to dictate what' HHP was going to give him and at what price. Due to several projects that HHP had at the time that they wanted to move forward on due to considerable profit involved, HHP and Mr Gill did come to some terms for an investment of $1,250,000 in exchange for $1,900,000 in debt payable to their newly formed company MacGyver Finance, LP, and approximately $1mil in equity in various projects HHP owned and equity in HHP. Much of that debt would be paid to Gill and Maan July, 2007, 7 months after the investment by HHP. Helluva of a profit for Gill and Maan but good deal for HHP as they had even more profit to earn from the projects

However, even though HHP provided all the loan docs, equity in projects and some equity in HHP MacGyver NEVER fully paid for the purchase. Further the money they did pay, was $950,000 in cash in a duffle bag, still owing $300,000 Feb/2007 for their purchase'. Mr Gill wanted someone else to sign at the bank for the deposit - not wanting his name to be related to the cash. Mr Fonteno refused - stating the company does not deal in "cash" and required a check or cashiers check - Mr Gill refused.

After discussing the issue for days with attorneys, IRS, Homeland Security and other entities, HHP took the cash but Gill still refused to sign anything related to cash' by HHP's bank. So HHP's officers signed it (that included me) and therein HHP filed a cash transaction document with the Federal Gov't identifying Gill and Maan as investing large amounts of cash'. But MacGyver never provided the balance of the purchase even as of this date.

Now some of the investments that HHP owns are paying off Gill and Maan are demanding their full' profit on investments they have not paid for HHP refused and sought to be fair' and reduce their percentage by the percentage they did not pay for. MacGyver/Gill and Maan acknowledged they had the funds to finish paying, but decided to use it elsewhere and wanted their full profit share. Funny also Gill contacted HHP and advised them that MacGyver was not going to give the rest of the funds they owed right then maybe later? But he did have money that he wanted to invest in the projects that HHP was to fund with the money Gill/MacGyver/Maan already owed for an additional' share of profit. Isn't that like double-dipping on profit, and not even paying for one of the dips to force the other dip? So HHP decided to sue, seeking a judge to determine what HHP's proper liability to Gill, Maan and MacGyver should be due to their breach of contract.

It is interesting how Mr Gill states on this website on July 17, 2007 that he intends to sue HHP/Mr Fonteno', and fails to mention that HHP had already filed suit in March/2007 - suing Gill, Maan and MacGyver for fraud, breach of contract and more. That suit is filed in Dallas County, Texas 134th District Court under Cause No. 07-02537. You can access it at: http://courts.dallascounty.org/Search.aspx Then enter in case number DC07-02537.

Mr Gill also states "contact me so we can sue his a** off" - but he... doesn't provide anyone any contact info. to reach him to do that... I don't think he really wants anyone to know how to reach him.

In July,2007 when the notes HHP would owe to MacGyver (if they paid for them) came due and of which Gill, Maan and MacGyver are in the lawsuit HHP filed over, instead of properly addressing it with the Judge, Gill did this posting on RipOff Report interesting.

Gill also failed to mention HHP put up a considerable amount of cash of their own to secure various projects planned with the MacGyver funds that MacGyver never paid (even though MacGyver was given the assets for such non-paid funds), and as a result HHP Lost over $200,000 by MacGyver's actions. And an estimated $2.3 million in lost profits tied to those projects that were not realized by HHP due to MacGyver's actions. Was this done by them intentionally? To seek control of HHP? Can't prove it but it appears suspicious how these guys work.

HHP is now having serious issues as to where the cash' came from and if HHP has any liability and is this cash is being parked with HHP to hide it??? Why carry around that much cash??? In a duffel bag?
Almost a $1 million ???

To date Gill and Maan and MacGyver have refused to produce most' of the discovery requested in the case and even failed to show up at depositions. HHP's attorney in July filed a Motion with the Court to demand Gill, Maan and MacGyver produce discovery. Trial is set for early October.

Hilton Head's President Chase Fonteno has built over 30 companies and assist charities regularly since mid-1985. In 1993 he owned a large investment brokerage firm, unknown to himself and without intent, he violated a technicality of the state securities law. That technical violation, related to corporate loans by individual investors that became classified as securities' and if' classified as securities, was considered fraud for not properly documenting it. Mr Fonteno agreed to a probation for such securities violation and agreed to pay all cost related to such actions. Mr Fonteno is the son of Commissioner Jim Fonteno, a well known politician in the Houston area. Hilton Head has purchased millions of dollars of single family and multi-family properties since I started with the firm in 2005. Mr Fonteno was the founder of the company, which has over 30 employees and he has a reputation with employees and investors as a hard worker and someone that is always fair and respectful. Further, he always seeks to allow everyone involved in a project (employees, investors and related parties) to always have full knowledge of all aspects of whatever project or action is being contemplated.

Hilton Head Properties is a real estate investment company that acquires seriously distressed property at deep discounts, turns the property around and either holds for long term investment or resells for a profit. Hilton Head has an excellent report with the Better Business Bureau and is listed with Dun & Bradstreet.

The Phoenix Foundation, I have personally seen and helped Mr Fonteno build that charity and know he has had HHP invest over $40,000 into that project. Mr Fonteno does not get paid for it, never will. It is his passion to help women and children that are in battered Women/Children's shelters obtain short term homes at nice apartment projects, making use of the apartments vacancy factor for good, allowing them to get on their feet and also providing them free computers and free internet access to help them find a job, a new life and be able to contact family members.

It is unfortunate that Mr Gill would post such a one sided, biased and untruthful statement on this site but that is the beautiful part of living in America - everyone has an opinion and they are allowed to express it, and I appreciate the site allowing me to provide a rebuttal with facts attached' - for readers to check out themselves.

Oh.. and just for legal purposes - while I directly saw the majority of the actions stated here - to deal with any slander issue - these are my opinions.

Respectfully,

Paul Parker
Chief Strategy Officer
Hilton Head Properties, Inc.
www.hiltonheadproperties.net
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#8 UPDATE Employee

Hilton Head Properties scammed by Investors trying to hide $1mil cash??? or attempting fraud???

AUTHOR: Rebuttal - Paul Parker Cso Hilton Head Properties - (U.S.A.)

My name is Paul Parker. I am an executive with Hilton Head Properties and several subsidiaries and I have first-hand knowledge of the actions of Mr David Gill (real name is Armadeep Gill), related to the item he posted on this site from the day he arrived with a dufflebag of $1mil cash.

Mr Gill approached Hilton Head Properties in late 2006 attempting to find out what the company owed to other investors that was expected to come due in the next month or so. It appears he was seeking to purchase debt so he could re-negotiate it for a high interest or possibly to attempt to take control of Hilton Head Properties. And in that effort, he did begin discussions with the company's largest investor without advising the company he was doing so. In an attempt to purchase the investors debt, he advised our President he intended to seek a board seat as well as one for Ms Katie Maan in exchange for renegotiating the debt he was going to purchase. When it was advised to him that contracts with our investors preventing our investors from selling any' company debt without Board approval, Mr Gill decided he wanted to invest in the company.

In the process of such actions, it became obvious Mr Gill worked for some unknown' individual named Prem Maan, who we were never allowed to talk to yet it appeared Mr Prem Maan was the true investor and Ms Katie Maan (real name is Kawaldeep Maan) was his daughter. All are natives of India.

The company allowed Mr Gill to have access to company information, after signing a non-disclosure agreement, to determine if he wanted to invest. Mr Gill advised he was well versed in business matters and was a qualified investor handling many millions of dollars for Mr Prem Maan. And he appeared to be fairly' knowledgeable. Therein, Mr Gill began a process of attempting to dictate what' HHP was going to give him and at what price. Due to several projects that HHP had at the time that they wanted to move forward on due to considerable profit involved, HHP and Mr Gill did come to some terms for an investment of $1,250,000 in exchange for $1,900,000 in debt payable to their newly formed company MacGyver Finance, LP, and approximately $1mil in equity in various projects HHP owned and equity in HHP. Much of that debt would be paid to Gill and Maan July, 2007, 7 months after the investment by HHP. Helluva of a profit for Gill and Maan but good deal for HHP as they had even more profit to earn from the projects

However, even though HHP provided all the loan docs, equity in projects and some equity in HHP MacGyver NEVER fully paid for the purchase. Further the money they did pay, was $950,000 in cash in a duffle bag, still owing $300,000 Feb/2007 for their purchase'. Mr Gill wanted someone else to sign at the bank for the deposit - not wanting his name to be related to the cash. Mr Fonteno refused - stating the company does not deal in "cash" and required a check or cashiers check - Mr Gill refused.

After discussing the issue for days with attorneys, IRS, Homeland Security and other entities, HHP took the cash but Gill still refused to sign anything related to cash' by HHP's bank. So HHP's officers signed it (that included me) and therein HHP filed a cash transaction document with the Federal Gov't identifying Gill and Maan as investing large amounts of cash'. But MacGyver never provided the balance of the purchase even as of this date.

Now some of the investments that HHP owns are paying off Gill and Maan are demanding their full' profit on investments they have not paid for HHP refused and sought to be fair' and reduce their percentage by the percentage they did not pay for. MacGyver/Gill and Maan acknowledged they had the funds to finish paying, but decided to use it elsewhere and wanted their full profit share. Funny also Gill contacted HHP and advised them that MacGyver was not going to give the rest of the funds they owed right then maybe later? But he did have money that he wanted to invest in the projects that HHP was to fund with the money Gill/MacGyver/Maan already owed for an additional' share of profit. Isn't that like double-dipping on profit, and not even paying for one of the dips to force the other dip? So HHP decided to sue, seeking a judge to determine what HHP's proper liability to Gill, Maan and MacGyver should be due to their breach of contract.

It is interesting how Mr Gill states on this website on July 17, 2007 that he intends to sue HHP/Mr Fonteno', and fails to mention that HHP had already filed suit in March/2007 - suing Gill, Maan and MacGyver for fraud, breach of contract and more. That suit is filed in Dallas County, Texas 134th District Court under Cause No. 07-02537. You can access it at: http://courts.dallascounty.org/Search.aspx Then enter in case number DC07-02537.

Mr Gill also states "contact me so we can sue his a** off" - but he... doesn't provide anyone any contact info. to reach him to do that... I don't think he really wants anyone to know how to reach him.

In July,2007 when the notes HHP would owe to MacGyver (if they paid for them) came due and of which Gill, Maan and MacGyver are in the lawsuit HHP filed over, instead of properly addressing it with the Judge, Gill did this posting on RipOff Report interesting.

Gill also failed to mention HHP put up a considerable amount of cash of their own to secure various projects planned with the MacGyver funds that MacGyver never paid (even though MacGyver was given the assets for such non-paid funds), and as a result HHP Lost over $200,000 by MacGyver's actions. And an estimated $2.3 million in lost profits tied to those projects that were not realized by HHP due to MacGyver's actions. Was this done by them intentionally? To seek control of HHP? Can't prove it but it appears suspicious how these guys work.

HHP is now having serious issues as to where the cash' came from and if HHP has any liability and is this cash is being parked with HHP to hide it??? Why carry around that much cash??? In a duffel bag?
Almost a $1 million ???

To date Gill and Maan and MacGyver have refused to produce most' of the discovery requested in the case and even failed to show up at depositions. HHP's attorney in July filed a Motion with the Court to demand Gill, Maan and MacGyver produce discovery. Trial is set for early October.

Hilton Head's President Chase Fonteno has built over 30 companies and assist charities regularly since mid-1985. In 1993 he owned a large investment brokerage firm, unknown to himself and without intent, he violated a technicality of the state securities law. That technical violation, related to corporate loans by individual investors that became classified as securities' and if' classified as securities, was considered fraud for not properly documenting it. Mr Fonteno agreed to a probation for such securities violation and agreed to pay all cost related to such actions. Mr Fonteno is the son of Commissioner Jim Fonteno, a well known politician in the Houston area. Hilton Head has purchased millions of dollars of single family and multi-family properties since I started with the firm in 2005. Mr Fonteno was the founder of the company, which has over 30 employees and he has a reputation with employees and investors as a hard worker and someone that is always fair and respectful. Further, he always seeks to allow everyone involved in a project (employees, investors and related parties) to always have full knowledge of all aspects of whatever project or action is being contemplated.

Hilton Head Properties is a real estate investment company that acquires seriously distressed property at deep discounts, turns the property around and either holds for long term investment or resells for a profit. Hilton Head has an excellent report with the Better Business Bureau and is listed with Dun & Bradstreet.

The Phoenix Foundation, I have personally seen and helped Mr Fonteno build that charity and know he has had HHP invest over $40,000 into that project. Mr Fonteno does not get paid for it, never will. It is his passion to help women and children that are in battered Women/Children's shelters obtain short term homes at nice apartment projects, making use of the apartments vacancy factor for good, allowing them to get on their feet and also providing them free computers and free internet access to help them find a job, a new life and be able to contact family members.

It is unfortunate that Mr Gill would post such a one sided, biased and untruthful statement on this site but that is the beautiful part of living in America - everyone has an opinion and they are allowed to express it, and I appreciate the site allowing me to provide a rebuttal with facts attached' - for readers to check out themselves.

Oh.. and just for legal purposes - while I directly saw the majority of the actions stated here - to deal with any slander issue - these are my opinions.

Respectfully,

Paul Parker
Chief Strategy Officer
Hilton Head Properties, Inc.
www.hiltonheadproperties.net
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#9 UPDATE Employee

Hilton Head Properties scammed by Investors trying to hide $1mil cash??? or attempting fraud???

AUTHOR: Rebuttal - Paul Parker Cso Hilton Head Properties - (U.S.A.)

My name is Paul Parker. I am an executive with Hilton Head Properties and several subsidiaries and I have first-hand knowledge of the actions of Mr David Gill (real name is Armadeep Gill), related to the item he posted on this site from the day he arrived with a dufflebag of $1mil cash.

Mr Gill approached Hilton Head Properties in late 2006 attempting to find out what the company owed to other investors that was expected to come due in the next month or so. It appears he was seeking to purchase debt so he could re-negotiate it for a high interest or possibly to attempt to take control of Hilton Head Properties. And in that effort, he did begin discussions with the company's largest investor without advising the company he was doing so. In an attempt to purchase the investors debt, he advised our President he intended to seek a board seat as well as one for Ms Katie Maan in exchange for renegotiating the debt he was going to purchase. When it was advised to him that contracts with our investors preventing our investors from selling any' company debt without Board approval, Mr Gill decided he wanted to invest in the company.

In the process of such actions, it became obvious Mr Gill worked for some unknown' individual named Prem Maan, who we were never allowed to talk to yet it appeared Mr Prem Maan was the true investor and Ms Katie Maan (real name is Kawaldeep Maan) was his daughter. All are natives of India.

The company allowed Mr Gill to have access to company information, after signing a non-disclosure agreement, to determine if he wanted to invest. Mr Gill advised he was well versed in business matters and was a qualified investor handling many millions of dollars for Mr Prem Maan. And he appeared to be fairly' knowledgeable. Therein, Mr Gill began a process of attempting to dictate what' HHP was going to give him and at what price. Due to several projects that HHP had at the time that they wanted to move forward on due to considerable profit involved, HHP and Mr Gill did come to some terms for an investment of $1,250,000 in exchange for $1,900,000 in debt payable to their newly formed company MacGyver Finance, LP, and approximately $1mil in equity in various projects HHP owned and equity in HHP. Much of that debt would be paid to Gill and Maan July, 2007, 7 months after the investment by HHP. Helluva of a profit for Gill and Maan but good deal for HHP as they had even more profit to earn from the projects

However, even though HHP provided all the loan docs, equity in projects and some equity in HHP MacGyver NEVER fully paid for the purchase. Further the money they did pay, was $950,000 in cash in a duffle bag, still owing $300,000 Feb/2007 for their purchase'. Mr Gill wanted someone else to sign at the bank for the deposit - not wanting his name to be related to the cash. Mr Fonteno refused - stating the company does not deal in "cash" and required a check or cashiers check - Mr Gill refused.

After discussing the issue for days with attorneys, IRS, Homeland Security and other entities, HHP took the cash but Gill still refused to sign anything related to cash' by HHP's bank. So HHP's officers signed it (that included me) and therein HHP filed a cash transaction document with the Federal Gov't identifying Gill and Maan as investing large amounts of cash'. But MacGyver never provided the balance of the purchase even as of this date.

Now some of the investments that HHP owns are paying off Gill and Maan are demanding their full' profit on investments they have not paid for HHP refused and sought to be fair' and reduce their percentage by the percentage they did not pay for. MacGyver/Gill and Maan acknowledged they had the funds to finish paying, but decided to use it elsewhere and wanted their full profit share. Funny also Gill contacted HHP and advised them that MacGyver was not going to give the rest of the funds they owed right then maybe later? But he did have money that he wanted to invest in the projects that HHP was to fund with the money Gill/MacGyver/Maan already owed for an additional' share of profit. Isn't that like double-dipping on profit, and not even paying for one of the dips to force the other dip? So HHP decided to sue, seeking a judge to determine what HHP's proper liability to Gill, Maan and MacGyver should be due to their breach of contract.

It is interesting how Mr Gill states on this website on July 17, 2007 that he intends to sue HHP/Mr Fonteno', and fails to mention that HHP had already filed suit in March/2007 - suing Gill, Maan and MacGyver for fraud, breach of contract and more. That suit is filed in Dallas County, Texas 134th District Court under Cause No. 07-02537. You can access it at: http://courts.dallascounty.org/Search.aspx Then enter in case number DC07-02537.

Mr Gill also states "contact me so we can sue his a** off" - but he... doesn't provide anyone any contact info. to reach him to do that... I don't think he really wants anyone to know how to reach him.

In July,2007 when the notes HHP would owe to MacGyver (if they paid for them) came due and of which Gill, Maan and MacGyver are in the lawsuit HHP filed over, instead of properly addressing it with the Judge, Gill did this posting on RipOff Report interesting.

Gill also failed to mention HHP put up a considerable amount of cash of their own to secure various projects planned with the MacGyver funds that MacGyver never paid (even though MacGyver was given the assets for such non-paid funds), and as a result HHP Lost over $200,000 by MacGyver's actions. And an estimated $2.3 million in lost profits tied to those projects that were not realized by HHP due to MacGyver's actions. Was this done by them intentionally? To seek control of HHP? Can't prove it but it appears suspicious how these guys work.

HHP is now having serious issues as to where the cash' came from and if HHP has any liability and is this cash is being parked with HHP to hide it??? Why carry around that much cash??? In a duffel bag?
Almost a $1 million ???

To date Gill and Maan and MacGyver have refused to produce most' of the discovery requested in the case and even failed to show up at depositions. HHP's attorney in July filed a Motion with the Court to demand Gill, Maan and MacGyver produce discovery. Trial is set for early October.

Hilton Head's President Chase Fonteno has built over 30 companies and assist charities regularly since mid-1985. In 1993 he owned a large investment brokerage firm, unknown to himself and without intent, he violated a technicality of the state securities law. That technical violation, related to corporate loans by individual investors that became classified as securities' and if' classified as securities, was considered fraud for not properly documenting it. Mr Fonteno agreed to a probation for such securities violation and agreed to pay all cost related to such actions. Mr Fonteno is the son of Commissioner Jim Fonteno, a well known politician in the Houston area. Hilton Head has purchased millions of dollars of single family and multi-family properties since I started with the firm in 2005. Mr Fonteno was the founder of the company, which has over 30 employees and he has a reputation with employees and investors as a hard worker and someone that is always fair and respectful. Further, he always seeks to allow everyone involved in a project (employees, investors and related parties) to always have full knowledge of all aspects of whatever project or action is being contemplated.

Hilton Head Properties is a real estate investment company that acquires seriously distressed property at deep discounts, turns the property around and either holds for long term investment or resells for a profit. Hilton Head has an excellent report with the Better Business Bureau and is listed with Dun & Bradstreet.

The Phoenix Foundation, I have personally seen and helped Mr Fonteno build that charity and know he has had HHP invest over $40,000 into that project. Mr Fonteno does not get paid for it, never will. It is his passion to help women and children that are in battered Women/Children's shelters obtain short term homes at nice apartment projects, making use of the apartments vacancy factor for good, allowing them to get on their feet and also providing them free computers and free internet access to help them find a job, a new life and be able to contact family members.

It is unfortunate that Mr Gill would post such a one sided, biased and untruthful statement on this site but that is the beautiful part of living in America - everyone has an opinion and they are allowed to express it, and I appreciate the site allowing me to provide a rebuttal with facts attached' - for readers to check out themselves.

Oh.. and just for legal purposes - while I directly saw the majority of the actions stated here - to deal with any slander issue - these are my opinions.

Respectfully,

Paul Parker
Chief Strategy Officer
Hilton Head Properties, Inc.
www.hiltonheadproperties.net
Respond to this report!
What's this?

#10 UPDATE Employee

Hilton Head Properties scammed by Investors trying to hide $1mil cash??? or attempting fraud???

AUTHOR: Rebuttal - Paul Parker Cso Hilton Head Properties - (U.S.A.)

My name is Paul Parker. I am an executive with Hilton Head Properties and several subsidiaries and I have first-hand knowledge of the actions of Mr David Gill (real name is Armadeep Gill), related to the item he posted on this site from the day he arrived with a dufflebag of $1mil cash.

Mr Gill approached Hilton Head Properties in late 2006 attempting to find out what the company owed to other investors that was expected to come due in the next month or so. It appears he was seeking to purchase debt so he could re-negotiate it for a high interest or possibly to attempt to take control of Hilton Head Properties. And in that effort, he did begin discussions with the company's largest investor without advising the company he was doing so. In an attempt to purchase the investors debt, he advised our President he intended to seek a board seat as well as one for Ms Katie Maan in exchange for renegotiating the debt he was going to purchase. When it was advised to him that contracts with our investors preventing our investors from selling any' company debt without Board approval, Mr Gill decided he wanted to invest in the company.

In the process of such actions, it became obvious Mr Gill worked for some unknown' individual named Prem Maan, who we were never allowed to talk to yet it appeared Mr Prem Maan was the true investor and Ms Katie Maan (real name is Kawaldeep Maan) was his daughter. All are natives of India.

The company allowed Mr Gill to have access to company information, after signing a non-disclosure agreement, to determine if he wanted to invest. Mr Gill advised he was well versed in business matters and was a qualified investor handling many millions of dollars for Mr Prem Maan. And he appeared to be fairly' knowledgeable. Therein, Mr Gill began a process of attempting to dictate what' HHP was going to give him and at what price. Due to several projects that HHP had at the time that they wanted to move forward on due to considerable profit involved, HHP and Mr Gill did come to some terms for an investment of $1,250,000 in exchange for $1,900,000 in debt payable to their newly formed company MacGyver Finance, LP, and approximately $1mil in equity in various projects HHP owned and equity in HHP. Much of that debt would be paid to Gill and Maan July, 2007, 7 months after the investment by HHP. Helluva of a profit for Gill and Maan but good deal for HHP as they had even more profit to earn from the projects

However, even though HHP provided all the loan docs, equity in projects and some equity in HHP MacGyver NEVER fully paid for the purchase. Further the money they did pay, was $950,000 in cash in a duffle bag, still owing $300,000 Feb/2007 for their purchase'. Mr Gill wanted someone else to sign at the bank for the deposit - not wanting his name to be related to the cash. Mr Fonteno refused - stating the company does not deal in "cash" and required a check or cashiers check - Mr Gill refused.

After discussing the issue for days with attorneys, IRS, Homeland Security and other entities, HHP took the cash but Gill still refused to sign anything related to cash' by HHP's bank. So HHP's officers signed it (that included me) and therein HHP filed a cash transaction document with the Federal Gov't identifying Gill and Maan as investing large amounts of cash'. But MacGyver never provided the balance of the purchase even as of this date.

Now some of the investments that HHP owns are paying off Gill and Maan are demanding their full' profit on investments they have not paid for HHP refused and sought to be fair' and reduce their percentage by the percentage they did not pay for. MacGyver/Gill and Maan acknowledged they had the funds to finish paying, but decided to use it elsewhere and wanted their full profit share. Funny also Gill contacted HHP and advised them that MacGyver was not going to give the rest of the funds they owed right then maybe later? But he did have money that he wanted to invest in the projects that HHP was to fund with the money Gill/MacGyver/Maan already owed for an additional' share of profit. Isn't that like double-dipping on profit, and not even paying for one of the dips to force the other dip? So HHP decided to sue, seeking a judge to determine what HHP's proper liability to Gill, Maan and MacGyver should be due to their breach of contract.

It is interesting how Mr Gill states on this website on July 17, 2007 that he intends to sue HHP/Mr Fonteno', and fails to mention that HHP had already filed suit in March/2007 - suing Gill, Maan and MacGyver for fraud, breach of contract and more. That suit is filed in Dallas County, Texas 134th District Court under Cause No. 07-02537. You can access it at: http://courts.dallascounty.org/Search.aspx Then enter in case number DC07-02537.

Mr Gill also states "contact me so we can sue his a** off" - but he... doesn't provide anyone any contact info. to reach him to do that... I don't think he really wants anyone to know how to reach him.

In July,2007 when the notes HHP would owe to MacGyver (if they paid for them) came due and of which Gill, Maan and MacGyver are in the lawsuit HHP filed over, instead of properly addressing it with the Judge, Gill did this posting on RipOff Report interesting.

Gill also failed to mention HHP put up a considerable amount of cash of their own to secure various projects planned with the MacGyver funds that MacGyver never paid (even though MacGyver was given the assets for such non-paid funds), and as a result HHP Lost over $200,000 by MacGyver's actions. And an estimated $2.3 million in lost profits tied to those projects that were not realized by HHP due to MacGyver's actions. Was this done by them intentionally? To seek control of HHP? Can't prove it but it appears suspicious how these guys work.

HHP is now having serious issues as to where the cash' came from and if HHP has any liability and is this cash is being parked with HHP to hide it??? Why carry around that much cash??? In a duffel bag?
Almost a $1 million ???

To date Gill and Maan and MacGyver have refused to produce most' of the discovery requested in the case and even failed to show up at depositions. HHP's attorney in July filed a Motion with the Court to demand Gill, Maan and MacGyver produce discovery. Trial is set for early October.

Hilton Head's President Chase Fonteno has built over 30 companies and assist charities regularly since mid-1985. In 1993 he owned a large investment brokerage firm, unknown to himself and without intent, he violated a technicality of the state securities law. That technical violation, related to corporate loans by individual investors that became classified as securities' and if' classified as securities, was considered fraud for not properly documenting it. Mr Fonteno agreed to a probation for such securities violation and agreed to pay all cost related to such actions. Mr Fonteno is the son of Commissioner Jim Fonteno, a well known politician in the Houston area. Hilton Head has purchased millions of dollars of single family and multi-family properties since I started with the firm in 2005. Mr Fonteno was the founder of the company, which has over 30 employees and he has a reputation with employees and investors as a hard worker and someone that is always fair and respectful. Further, he always seeks to allow everyone involved in a project (employees, investors and related parties) to always have full knowledge of all aspects of whatever project or action is being contemplated.

Hilton Head Properties is a real estate investment company that acquires seriously distressed property at deep discounts, turns the property around and either holds for long term investment or resells for a profit. Hilton Head has an excellent report with the Better Business Bureau and is listed with Dun & Bradstreet.

The Phoenix Foundation, I have personally seen and helped Mr Fonteno build that charity and know he has had HHP invest over $40,000 into that project. Mr Fonteno does not get paid for it, never will. It is his passion to help women and children that are in battered Women/Children's shelters obtain short term homes at nice apartment projects, making use of the apartments vacancy factor for good, allowing them to get on their feet and also providing them free computers and free internet access to help them find a job, a new life and be able to contact family members.

It is unfortunate that Mr Gill would post such a one sided, biased and untruthful statement on this site but that is the beautiful part of living in America - everyone has an opinion and they are allowed to express it, and I appreciate the site allowing me to provide a rebuttal with facts attached' - for readers to check out themselves.

Oh.. and just for legal purposes - while I directly saw the majority of the actions stated here - to deal with any slander issue - these are my opinions.

Respectfully,

Paul Parker
Chief Strategy Officer
Hilton Head Properties, Inc.
www.hiltonheadproperties.net
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