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Report: #550527

Complaint Review: Broker Jean R. Pierre-Paul is a Crook - Premier Realty And Investment Group Inc - Miami Florida

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  • Reported By: Mike — Miami Florida United States of America
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  • Broker Jean R. Pierre-Paul is a Crook - Premier Realty And Investment Group Inc 8410 NE 1 Place Miami, Florida United States of America

Broker Jean R. Pierre-Paul is a Crook - Premier Realty And Investment Group Inc Federal Crime, jrloan@bellsouth.net Miami, Florida

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I was looking for a house to rent, so I decided to walk into a realty office by the name of Premier Realty & Investment Group. When i entered i was approached by broker-Realtor Jean R. Pierre-Paul. He decided to show me a few houses, after seeing a couple of them, he asked me if i would be interested in making money, i said sure. He told me that he wanted to buy a $700,000 house, and he wanted to put my name on the note (mortgage) and on the title, and if i would agree to it he would give me $12,000.
I told him i don't qualify for more than $250,000, so he said he got his own in house mortgage broker, who was also his friend, and who can fraudulently make me approve. So when i asked him whats the purpose, so he explained to me that how after the closing (After I purchase it for $700,000), I would then re-sell the house to his other friend for the $900,000. And he explained how he would get another of his friend's that's an appraiser to screw up the appraisal, and appraise it for $900,000. And they would share the $200,000 profit.
He explained to me he did it several times in his past with other what he termed as "straw buyers." And explained how he would pay me between $12,000-$18,000 every time i do it.
He told me how its not illegal, and this and that, but explicitly demanded that I NOT tell anyone about it.
I decided to consult with my cousin who's a Realtor in Atlanta, he told me how its a federal crime, and he told me not to get involved in those type of adventures, because its defrauding federal financial institutions. And I can spend time in federal prison. With everything that's going on now, thank god i didn't go through with it.

This report was posted on Ripoff Report on 01/06/2010 05:50 PM and is a permanent record located here: https://www.ripoffreport.com/reports/broker-jean-r-pierre-paul-is-a-crook-premier-realty-and-investment-group-inc/miami-florida-33138/broker-jean-r-pierre-paul-is-a-crook-premier-realty-and-investment-group-inc-federal-550527. 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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