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Report: #1475720

Complaint Review: Realty Shares Inc Investments and Alexis De Belloy - San Francisco California

  • Submitted:
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  • Reported By: Jim — Boston United States
  • Author Confirmed What's this?
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  • Realty Shares Inc Investments and Alexis De Belloy 525 Market Street, Suite 2800 San Francisco, California United States

Realty Shares Inc Investments and Alexis De Belloy Realty Shares has robbed thousands of investors through false information, mishandling of investments San Francisco California

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After investing with Realty Shares online platform in early 2017, I shortly realized an increasing higher level of loan defaults and non-payments of interest by Realty Shares from its sponsors.  The defaults had reached 67% by the 4th quarter of 2018. 

At this time, Realty Shares stated it was no longer taking on new investments.  Then payments stopped altogether for a default rate of 95%+.   They also laid off or fired all staff and left thousands of investors no way to get answers or find out about the principle they had invested in Realty Shares properties. 

I along with many investors demanded the acting CEO, Alexis de Belloy to return emails or phone inquiries.  He never did, not even 5 months later.  A company attorney insead contacted some investors and stated investment money will be reurned, however this has not happened either. 

Essentially, Realty Shares, Alexis de Belloy and any other officers or directors have defrauded its invetsors of 300 - 400 Million and they have gone into hiding.  Upon further investigation of my own, I have uncovered properties were marketed and sold with very misleading loan to value ratios and the worth of most properties is far less than in value than the invetsment loan provided. 

 Realty Shares has closed but you should be very wary of any business dealings in the future from Mr de Belloy or other directors or officers from this defuct company.  

This report was posted on Ripoff Report on 03/21/2019 06:10 AM and is a permanent record located here: https://www.ripoffreport.com/report/realty-shares-investments/san-francisco-california-1475720. 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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