• Report: #334458
Complaint Review:

Pike Real Estate Mortgage And Development; Pike Consulting Inc.; LP Holdings Inc.; Thomas Lee Pike

  • Submitted: Fri, May 23, 2008
  • Updated: Fri, May 23, 2008

  • Reported By:Burbank California
Pike Real Estate Mortgage And Development; Pike Consulting Inc.; LP Holdings Inc.; Thomas Lee Pike
2256 Baywater Lane Rancho Cordova, California U.S.A.
  • Phone: 916-635-2902
  • Web:
  • Category: Realtors

Pike Real Estate Mortgage And Development; Pike Consulting Inc.; LP Holdings Inc.; Thomas Lee Pike Thomas Lee Pike reneged on his fraudulent investment contracts and disappeared. Rancho Cordova California

REBUTTAL BOX™ | Respond to this Report! | Consumer Comment

What's this?
Corporate Advocacy Program

Show customers why they should trust your business over your competitors...

What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

Set the record straight:
Arbitration Program

SEO Reputation Management at its best!

I met Thomas Pike initially in May of 2006. He had been posting real estate investment ads on Craigslist and I submitted my information through his website. At that time, he propositioned me with an 18% return investment. However, I didn't move forward on it. I contacted him again in May of 2007 and he offered me an accelerated rate of return, as I explained to him that I wouldn't be able to part with the money for a full year.

I invested with him on 3 separate occasions. The first was on 6/28/07 in the amount of $5,000 by cashier's check scheduled for a 10% return in 12 days. The second investment was done by personal check on 6/30/07 in the amount of $4,500 and it was scheduled for an 18% return in 4 months. Thomas then rolled both investments into one note that stipulated an 18% return on $10,000 in 4 months it was dated 7/10/07.

Finally, on 10/29/07, he requested that I send funds in the amount of $1,700 by Western Union to close sale of a property, and he stated that I would be returned $2,400 in 20 days. I performed the transfer as requested and was assured of my return.

To this day, I have not received a single dollar of the promised $11,800 (due 11/10/07) or the $2,400 (due 11/17/07). I have been repeatedly placated by Mr. Pike and given empty promises about future payments. Upon further investigation, I have been hard pressed to find indication of any real estate investing being done by Mr. Pike (which is the stated purpose on the promissory notes).

Further, he told me in November of 2007 that the property in relation to the $1,700 payment had closed on our end but that he couldn't pay me just yet. I found out through research that the property had not changed hands at all, but still belonged to the original owner. I have also uncovered a substantial body of information regarding his business dealings, the vast majority of which point to very unscrupulous activities.

I sent Mr. Pike a letter requesting a return of principal and interest on 11/10/07 and he stated via a phone conversation that he received the letter on 12/1/07 his main business address is a PO Box and he is having his mail forwarded. We also spoke at length by phone on 12/7/07 and he stated that he would most likely be able to pay me before the end of the year (2007).

I have sent him a number of e-mails in regards to the funds, but have yet to get an exact date on which I can expect payment. I last spoke to Thomas in January of this year. His business numbers have subsequently been disconnected. He has been sued numerous times for failing to perform on contracts and has been ordered to cease and desist his practices by more than one governmental agency. Remember the adage, if it sounds too good to be true, it is...

Burbank, California

This report was posted on Ripoff Report on 05/23/2008 09:53 AM and is a permanent record located here: http://www.ripoffreport.com/reports/pike-real-estate-mortgage-and-development-pike-consulting-inc-lp-holdings-inc-thomas-lee-pike/rancho-cordova-california-95670/pike-real-estate-mortgage-and-development-pike-consulting-inc-lp-holdings-inc-thomas-334458. 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

Click Here to read other Ripoff Reports on Pike Real Estate Mortgage And Development; Pike Consulting Inc.; LP Holdings Inc.; Thomas Lee Pike

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?