• Report: #745435

Complaint Review: Chris Germain Piping Rock Partners

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  • Submitted: Sat, June 25, 2011
  • Updated: Wed, April 18, 2012

  • Reported By: Milton — Kansas City Kansas United States of America
Chris Germain Piping Rock Partners
3053 Fillmore Street San Francisco, California United States of America

Chris Germain Piping Rock Partners Swindlers, Liars, Shysters Fraudulent Real Estate Deals, Predatory Sales Practices, Dishonest San Francisco, California


*General Comment: Total Falsehoods!

*Consumer Comment: "Milton" Doesn't Exist, and Neither Does This Story

*Consumer Comment: Who is the Heck is Milton?

*Consumer Comment: Duplicitous

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If you are looking to invest in real estate or need to do a 1031 exchange stay far away from Piping Rock Partners and especially Christopher Germain the president of the company.  They will promise you the rosiest of scenarios with the lowest cost but unfortunately after the documents are signed and the check is cashed you find out it was anything but true. These guys leverage real estate using over 90% debt, through first and second mortgages. They show you how good the revenue stream is and the dividends youll earn so that the debt seems inconsequential. Well Im here to tell you its nothing like Chris Germain says it is.

The property I bought a share of was a complete bust, but his presentation was that this was the deal of a life time. All the generous revenue I was going to make never materialized. When I questioned him he gave me every song in the book until he wouldnt even take my calls. I cant begin to tell you how many thousands of dollars I had to come up with so I dont lose my investment. The other partners in this property are also disillusioned and angry.

I did a 1031 exchange. I had done very well on my own in real estate and this is my retirement nest egg. My wife and I are losing sleep wondering if well have anything left. I cant even sell my share although Chris made it sound like it wouldnt be a problem with his contacts and sources if I wanted to sell down the road. He babbled something about the bad market whenever I brought it up.

They say a fish stinks from the head well this must be true for Piping Rock Partners.  They tout their decades of experience which is laughable. They have a few guys and they added up each persons  years in real estate investments. Heck if there was an office of 50 one year rookies they could say they had 50 years of real estate experience! If this report spares one person from the financial problems and the anxiety about losing your retirement nest egg to a shyster then it is worth it. Chris has a Wall St. background, maybe Bernie Madoff was his mentor. Im sure Bernie would be proud
of him.

This report was posted on Ripoff Report on 06/25/2011 06:26 PM and is a permanent record located here: 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 Consumer Comment


AUTHOR: Legal Notice to John Doe a/k/a Milt - (United States of America)

A lawsuit has been commenced against you.  The claims made against you in this case arise from your anonymous post on the Ripoff Report website that is referred to on the Ripoff Report website as Report No. 745435.  The lawsuit has been filed in the Superior Court of California, County of San Francisco, and has been assigned the civil action file number CGC-12-519872.  The plaintiffs in the lawsuit (Plaintiffs) are the company and the individual whom you name specifically in Report No. 745435.  The Plaintiffs are attempting to uncover your true identity through various discovery requests sent to non-parties.

 On April 11, 2012, Plaintiffs obtained an order from the San Francisco Superior Court granting them permission immediately to issue subpoenas to certain non-party website operators in order to uncover your true identity.

On April 13, 2012, the trial court in the case issued a Commission to Take Deposition Outside California to the Clerk of the Superior Court of Maricopa County, Arizona requesting that the Clerk of the Superior Court of Maricopa County, Arizona issue a subpoena to the Custodian of Records of Xcentric Ventures L.L.C. d/b/a Ripoff Report to cause such Custodian of Records to appear for a deposition and to produce the following documents:

1. All postings, together with corresponding URLs and screen shots, made by Defendant John Doe No. 1 a/k/a Milton upon the Ripoff Report website hosted or operated by Xcentric Ventures, LLC d/b/a Ripoff Riport ( concerning, relating to or mentioning either or both of the Plaintiffs (each such posting, a Posting, and collectively, the Postings).
2. All subscriber, poster, or member information and details for the individual or individuals using the posting identity Milton on the Ripoff Report website, specifically including Report No. 745435.  The information requested includes, but is not limited to: first name; last name; usernames and aliases; passwords; email addresses; home and work addresses; zip code; and home, work, and cellular telephone numbers.
3. Any and all records pertaining to user login information for the individual or individuals using the posting identity Milton on the Ripoff Report website, specifically including Report No. 745435.  The information requested includes, but is not limited to: all remote IP addresses with corresponding dates and times logged by your system on each occurrence of the account being accessed, together with a description and log of the activity conducted each time the account was accessed, and remote IP address, date and time logged by your system when the account was created and all other information pertaining to the account in the custody of Xcentric Ventures LLC d/b/a Ripoff Report.
4. All documents referring to, reflecting, or evidencing Defendant John Doe No. 1 a/k/a Miltons true identity.
5. For each Posting (as defined in item 1 above): (1) the number of page views of such Posting each day since the Posting was first published, along with a list of the service providers from which such page views originated and the total number page views attributable to each such service provider; and (2) a list of all internet sites and hosts that referred traffic to such Posting since the Posting was first published, along with the number of such referrals made by each such site/host on each date and, in those cases where the referring site/host is a search engine, a list of all organic search terms used to reach such Posting.

On April 16, 2012, the Plaintiffs filed an Application for Issuance of Subpoena in Foreign Action with the Superior Court of Maricopa County, State of Arizona. This matter has been given the case number CV2012-006741. The subpoena requested by Plaintiffs seeks for Xcentric Ventures L.L.C. to produce the requested documents numbered 1 through 5 above no later than 9:30 a.m. on May 10, 2012, at Sherman & Howard LLP, 201 East Washington Street, Suite 800, Phoenix, Arizona 85004-2327.  This subpoena has been issued and shall be served on Xcentric Ventures L.L.C.  Unless you move to quash the subpoena, Xcentric Ventures L.L.C. may produce the documents requested by the Plaintiff.  You may wish to consult an attorney to advise you about the foregoing.


Counsel for Plaintiff may be reached at:

Jonathan Ball
Ball Law Corporation
One Market, Spear Tower, 36th Floor
San Francisco, CA 94105
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#2 General Comment

Total Falsehoods!

AUTHOR: REIT Whore - (United States of America)

Isn't it SIMPLY AMAZING that these "complaints" come in just this very moment when government and industry regulators are clamping down on a certian Long Island "Investment" <chuckle> firm? The complaints themselves are infantile in and of themselves, and rest assured they are merely the reflection of the character of the person who wrote them.

The person who writes these "complaints" is merely cowering in fear of the lifestyle that awaits: No more expensive nail wraps, no more Porsches, no more dermatology visits, no more vacations, no more expensive restaurants, no more North Shore lifestyle. All of it, up in smoke. And thousands of investors welfare with it.

Complain all you want, honey. It's all over. You're all finished.

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#3 Consumer Comment

"Milton" Doesn't Exist, and Neither Does This Story

AUTHOR: Fabulist Fictionalist - (United States of America)

Milton is an anonymous scribe who posted this story under an alias.  The actual Milton doesn't exist, and of course, neither does the story.

In reality, this fiction
 is the direct result of recently announced regulatory action against certain non-traded REITs, and a transparent personal attack on the investor advocates who precipitated it.  The facts regarding these allegations are now being reported publicly by the New York Times, the Wall Street Journal, Bloomberg, Kiplingers, Investment News and the Philadelphia Enquirer, among others.  

The facts regarding FINRA's investigation into the sale and promotion of non-traded REITs can be read here:

The facts regarding FINRA's specific allegations of fraudulent sales of "Apple REITs" can be read here:
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#4 Consumer Comment

Who is the Heck is Milton?

AUTHOR: Gefilte Fish - (United States of America)

Who is this Milton?? I think he is an UnMensch.

 The guy tried to call you a cheat, but he wound up calling you something that sounds more like a mollusk (shyster)!  Is he lying and blaspheming the yiddish language?? 
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#5 Consumer Comment


AUTHOR: Standard Fiduciary - (United States of America)

Creative!  Too bad there's not a shred of truth in it.

In reality, this story is completely contrived, and it's obviously related to revelations that led to recent regulatory action against certain publicly-registered, non-traded REITs.
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