I too had become acquainted with Dennis through another money making venture. Hadn't talked with him in months and certainly never expected to hear from him. Late June 2011 he called out of the blue and I remembered him. He wondered how things were going for me and I told him not good, that I was getting in deeper trouble financially.
He said he'd thought of me. That he and a few cohorts who did real estate deals together had thought about helping people who were interested in real estate and needed some education and a boost up. Said he had a deal he was closing in a few days if I wanted in. I told him I didn't have the funds. The more he talked the better it sounded. So I said I'd see if I could get a quick loan.
I was barely able to get a loan for $2500 (the minimum he said he'd take) at 29.99% interest! I wired the funds to him. I did have him email me an agreement as to our arrangement. That is all I have for proof. Then I started waiting. He said he hoped to flip it and close in 30 days or so. Meantime I had to make the monthly payments on the loan of course. Eventually I started calling him, always getting his voice mail. He finally called me back. This is mid August. He'd had a crisis going on - said 3 people, very close to him, had died within about a week's time and inconveniently, none lived in state. So he apologized for the delay, that it was all his fault, etc, but as soon as he got back to his office he'd get the ball rolling.
On and on. Excuses, delays, etc., every excuse in the book. Finally in early Sept. I became aware the deal had closed and I should be getting a check from the title company. When I didn't in a reasonable time I called him. He seemed very surprised that I hadn't received it. Said he'd check into it. On and on. Finally, after many non-returned phone calls, he tells me that the title company had someone by my name in it and thru oversight had made out the check and mailed it to her. He said he personally called her and told her it was an error, was not hers and she needed to reimburse the title company ASAP. I got the impression she would be doing that soon so started watching my mail. Still nothing.
He's always been very secretive and not forthcoming with information that I felt privy to know. Finally, he's saying he wants to reimburse my investment for now plus the interest the loan cost me. (In the meantime, through another crisis, I took money from my IRA and paid it off.) He said if it cost me more than $500 to let him know, but that he would add that to my investment and atleast get that back to me. When I ask about the earnings part, he says "one step at a time". If I ask about this other person that supposedly got my check, he gets shady. I point blank asked him if my money really did go to a real estate deal and he said yes. Other than that, he beats around the bush. I can't ever get a straight answer. I'm even beginning to wonder if this is his real name. Besides, a reverse phone search pulls up the address I've posted, but a search thru the assessor's office shows the property belongs to someone else. I suppose he could be renting. I may see if I can call the owners. Could be he made up an address for his company name.
Dec. 7th he said I'd have my money ($3,000) by the time Santa comes. A few days before Christmas I left a message on his voice mail that he'd said that and he only has a few days. He left a message for me on the 23rd that he'd said I'd get my money by the end of the year. As of today, Dec. 30, he's saying he can't get it today (I told him I had urgent needs), but by next week. We're to talk Tues. the 3rd about getting the funds to me. I give him till next Friday. Thing is, if he doesn't come thru by then, I really need to take him to small claims court but must have an accurate physical address and I'm not sure the one I have is correct.
He's tricky. Very friendly. When in a good mood he has an unforgettable laugh. He sounds like a genuinely nice guy, which is how I got in this mess, but I'm not so sure now. He seems shadier all the time, even though he keeps saying things like, "I'd like this resolved as bad as you do." and, "There's nobody that wants this taken care of worse than me" (I said "I do".). Then he says, "I'm not half the scoundrel you think I am." No, Dennis, you're probably twice the scoundrel I think you are.