- Report: #316491
Report - Rebuttal - Arbitrate
Complaint Review: Vernon Matthews Jr
Vernon Matthews Jr524 Flintlock Street Chesapeake, Virginia U.S.A.
Vernon Matthews Jr Pastor scheming church members, family and anyone who will fall for his lie out of thoursands of dollars in a fake Real Estate Investments Chesapeake, Virginia Beach, Norfolk Virginia
*Consumer Comment: This Guy Redeems the Bonds & CDs and Harvests Profits --For Himself
I invested $75,000 in his company Quality Investors, Inc for the purchase of homes in run down neighborhoods that he would fix up and resale for a profit. I was told that I would receive 20% of each home he resold. After not receiving any funds on homes he purchased, I began to investigate and I asked around to find out that he had several investors who'd given him large sums of money with the sames promises made to them as myself.
I purchased 2 homes from Bishop in Hampton, VA he had purchased the homes for 30-40 thousand dollars a piece, after he fixed them up, the houses appraised for 130 thousand dollars, I purchased one home for 130 thousand dollars and the other for 95 thousand dollars, these homes were for him to put renters in. I was told that he was going to turn them into apartments, that was a lie, he had no intention on fixing up the homes he turned them into rooming houses where drug dealers and addicts could rent a room for no less than 190 a week. I have threatened to have Bishop arrested to get my money back. If anyone has any advice on how to pursue this matter please respond.
This report was posted on Ripoff Report on 03/10/2008 11:32 AM and is a permanent record located here: http://www.ripoffreport.com/r/Vernon-Matthews-Jr/Chesapeake-Virginia-23325/Vernon-Matthews-Jr-Pastor-scheming-church-members-family-and-anyone-who-will-fall-for-his-316491. 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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