Report: #1036228

Complaint Review: Bay Area Equity Group, LLC

  • Submitted: Tue, March 19, 2013
  • Updated: Fri, March 22, 2013
  • Reported By: adlifw — Sacramento California
  • Bay Area Equity Group, LLC
    1901 S. Bascom Ave. #1325
    Campbell, California
    United States of America

Bay Area Equity Group, LLC Takes your life savings in exchange for worthless properties Campbell, California

*Author of original report: Antranik Kabajouzian of Bay Area Equity Group has been arrested!!!!!

*Author of original report: More picture

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Bay Area Equity Group occupies a swank office in a high rise. Their sales staff is smooth as silk. Their President very convincing. They were so incredibly good that I invested my life savings in their 15% ROI income property investments. They even manage the properties and guarantee your rents. No brainer, right? It would have all been great had I actually collected any rents. But alas, that was not to be.

What I was presented with in touched up photos and what I ended up with beared no resemblance. Properties were not rehabbed. In fact, they had never even set foot in these properties. There were no tenants in place. Congratulations, I am now a slum lord. And it's going to cost me thousands of dollars to make these properties livable.

Don't be fooled by these guys. It's tempting. It's intoxicating. But it's a big fat lie.

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This report was posted on Ripoff Report on 03/19/2013 05:44 PM and is a permanent record located here: http://www.ripoffreport.com/reports/bay-area-equity-group-llc/campbell-california-/bay-area-equity-group-llc-takes-your-life-savings-in-exchange-for-worthless-properties-c-1036228. 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. READ: Foreign websites steal our content

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#1 Author of original report

Antranik Kabajouzian of Bay Area Equity Group has been arrested!!!!!

AUTHOR: Sam S. - ()

The owner, Antranik (aka Anto and Tony) Kabajouzian of Bay Area Equity Group, has been arrested and is being held in lieu of $3.5 million bail. If you purchased property(ies) with cash, or through Entrust or Provident, you can join my class action lawsuit. Contact Cathy Lerman at The Lerman Firm. clerman@lermanfirm.com

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#2 Author of original report

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AUTHOR: adlifw - ()

It just keeps getting better!!
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