ED Magedson – Founder
I had basically the same problems with this crooked investment.
Robert Shemin & My 1st House with Ron Hillman comingled funds they took from us & many other people & invested in a Biloxi investment. The bad thing is the Las Vegas authorities don't seem to want to do anything about it even though it was done in a mass seminar approach affecting many, many people with their fraud. Anthony Cuttuli was allowed to steal hundreds of dollars from many people as well in connection with this & nothing was done to him. What's up with the authorities in Vegas?
As for the investment, Shemin & My 1st House marketed this as a turn key, lease option investment with parties bringing in TONS of people to pay above market rents & eventually own. We were empty 7?? months of the 1st year. I know the economy didn't help but what was told to me in the seminar to entice me to buy was all lies also & that's fraud.
Many people are hurt due to this :-(
This report was posted on Ripoff Report on 07/15/2010 12:31 PM and is a permanent record located here: http://www.ripoffreport.com/reports/robert-shemin/internet/robert-shemin-my-first-house-internet-623504. 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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