ED Magedson – Founder
Executive Homes Realty43513 Mission Blvd Fremont, Select State/Province USA
Executive Homes Realty Fraud. THEFT OF LARGE AMOUNT of MONEY. Fremont California
Doing business with the Sabeh family? Check this review out. You will be glad you did. Lets see here. Drive by the office. Seems legit. Check out the website. Again seems legit. Ask a few local references. They check out okay.
We all know not to judge a book by its cover. Everyone in Fremont knows or knows of the Sabeh family and their interaction with "high-end real estate," especially in the Mission San Jose area. What they don't know is what goes on behind the honest front that has been put up by Joseph SR his wife Linda and their son Joseph JR. The Sabeh family has indeed helped people sell their homes, however after seeing that money their greed has led them to establish a Ponzi Scheme. That's right PONZI SCHEME!
Both husband and wife have lured their clients to "lend them money" on interest. Since they are reputable as being honest people in the immediate area, many individuals give in to the kind sweet words said by Joseph and Linda. They claim they will pay interest on the loan however they continue to issue bad checks that bounce on a regular basis. When the time comes to an end and the end of a promissory note they simply create another note or ask for an extension and say they a in the middle of closing some BIG DEALS.
So what's the big deal? Well when these people are borrowing HUNDREDS OF THOUSANDS of dollars from people and not returning phone calls, going against their word, they prove themselves to be UNETHICAL IMMORAL and FRAUDULENT.
Sadly, Joe SR has passed away, however Linda is still in contract with these loans. She's honest though right ? Surely she will pay right? FALSE. Linda has been dodging calls left and right and plays the card that she is in a sad and depressed place. While this is sad and we understand her and give condolences, business is still business. Joseph SR cared about his image, both son and wife are now destroying that, as they continue the games of this PONZI SCHEME.
Joseph JR has taken over his dads business. He is a ethical business man right? If he can take over $20 million of real estate listings he will pay off a few million of his parents loan also right? FALSE. Joseph JR has taken the monetary assets of his deceased father but has NOT taken responsibility to pay off his father and mothers debt. ALL MONEY THAT WAS BORROWED WAS THROUGH EXECUTIVE HOMES REALTY CLIENTS. It seems like he has incorporated the business after his dads death and has cleared his fathers bank accounts. Now he has also claimed he knows about all debts but is not responsible. He also changed all listings into his name after his fathers death. IF JUNIOR IS TAKING HIS FATHERS PROFIT WHY CAN'T HE TAKE THE LOSSES ?
Because this is clearly a PONZI SCHEME. Joseph SR had a few TRIPLE BYPASS surgeries. His health was at risk, he and his wife have lured in many people to give them money which goes straight to Joseph junior. Linda refuses to pay any monthly interest nor does she mention any hope of returning money. These people have a great name in society but everyone should know about the REALITY OF THE SABEH FAMILY. THEY ARE CROOKS!
Linda will answer all phone calls at Executive homes realty but she will dodge the calls off the Ponzi scheme victims.
Joseph JR will sell you a beautiful expensive home. However he WILL NOT OWN UP TO THE DEBTS OWED BY HIS MOTHER AND FATHER TO THE CLIENTS OF EXECUTIVE HOMES REALTY.
They've now hired a lawyer, however the case is clear cut. PONZI SCHEME. TAKING MONEY FROM INNOCENT PEOPLE WITH SIGNING A PROMISSORY NOTE, BUT NOT RETURNING IT. Saying they will pay interest then GIVE FRAUDULENT CHEKS THAT BOUNCE.
DO NOT LEND THEM ANY MONEY. DO NOT DO BUSINESS WITH THEM, THEY WILL LURE YOU INTO THEIR PONZI SCHEME AND STEAL FROM YOU.
IF YOU ARE VICTIM OF THIS PLEASE CONTACT THE FREMONT POLICE DEPARTMENT. THERE IS AN OPEN INVESTIGATION GOING ON. THE FBI IS ALSO GOING TO LOOK INTO THIS MATTER.
LET'S DO FAIR BUSINESS PEOPLE. DISHONESTY IS COWARDLY. JUSTICE SHALL BE SERVED.
This report was posted on Ripoff Report on 06/07/2013 06:13 PM and is a permanent record located here: http://www.ripoffreport.com/r/Executive-Homes-Realty/Fremont-Select-StateProvince-94539/Executive-Homes-Realty-Fraud-THEFT-OF-LARGE-AMOUNT-of-MONEY-Fremont-California-1057393. 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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