• Report: #624399
Complaint Review:

SOBA Recovery Center

  • Submitted: Sun, July 18, 2010
  • Updated: Thu, February 14, 2013

  • Reported By: will — malibu California United States of America
SOBA Recovery Center
22669 Pacific Coast Highway Malibu, California United States of America

SOBA Recovery Center Malbiu Recovery Center, Clubsoba, Greg Hanley, David Kaiser Embezzelment, Fraud, Lied, Cheated, Inpatient Treatment a scam, Outpatient treatment detoxing without a license, Admissions director a drun with many DUIs, Read St. Louis Dispatch January 6, 2000 Malibu, California

*REBUTTAL Owner of company: not even a client

*Consumer Comment: HUH?

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St. Louis Post-Dispatch

St. Louis Post-Dispatch

January 6, 2000


Author: Tim Bryant

Of The Post-Dispatch

Page: A9

Index Terms:




Estimated printed pages: 1

Article Text:

The one-time head of Corporate Mortgage Services Inc., a defunct mortgage broker formerly based in Des Peres, was arrested Wednesday and faces charges that he misdirected more than $760,000 in loan money for his own use.

A federal indictment accuses David A. Kaiser, president of Corporate Mortgage Services, of wire fraud and interstate transportation of stolen property. The U.S. attorney's office unsealed an indictment Wednesday, just hours after FBI agents arrested Kaiser at his home in New York City. [continued below]....

Kaiser is scheduled to appear next Wednesday in U.S. District Court in St. Louis.

A grand jury here returned the indictment on Dec. 9. Its six counts allege that Kaiser, 36, carried out the fraud in late 1995 and early 1996.

Corporate Mortgage originated home loans and sold them to other financial institutions, including LaSalle Talman Home Mortgage of Norridge, Ill., the indictment states.

Typically, LaSalle! would wire money to Texas Commerce Bank in Houston to buy loans from Corporate Mortgage. But Kaiser altered the transfer instructions and had money sent to Corporate Mortgage's account at Truman Bank in St. Louis County, the indictment charges.

The money allegedly was used to pay corporate expenses, Kaiser's own debts and those of his troubled Internet provider, Basic Network Inc.

Basic Network shut down in 1996, after a merger with another Internet provider in St. Louis was called off.

Copyright 2000 St. Louis Post-Dispatch
Record Number: 0001060206 

This report was posted on Ripoff Report on 07/18/2010 09:04 AM and is a permanent record located here: http://www.ripoffreport.com/reports/soba-recovery-center/malibu-california-93065/soba-recovery-center-malbiu-recovery-center-clubsoba-greg-hanley-david-kaiser-embezzelm-624399. 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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Updates & Rebuttals

#1 REBUTTAL Owner of company

not even a client

AUTHOR: ghanley - (United States of America)

Never heard of the person that posted this and was never a client at my center with this name.
  David Kaiser doesn't work here and we are not a mortgage company.  I suppose that anyone that did anything wrong in their life should be persecuted for it for ever.
  David when he worked with me was a very credible person and did an excellent job at providing information to potential clients and their family that they need to make a decision regarding their treatment.  He is chosen another career path and I wish him the best.  He was an asset to my company when he was here and had a true passion for helping people
 This was written to optimize a search engine and again is a weak attempt to by a sick person at another treatment center who has a grudge with him. 
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#2 Consumer Comment


AUTHOR: Stacey - (U.S.A.)

This article is 10 years old!!! What rip off are you reporting?
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