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Report: #785500

Complaint Review: Charles William Petty - Internet

  • Submitted:
  • Updated:
  • Reported By: RR — Roseville California United States of America
  • Author Not Confirmed What's this?
  • Why?
  • Charles William Petty 801 Mall Parkway Suite 101-106 Internet United States of America

Charles William Petty - Virtual Properties Worldwide Charles Petty and Virtual Properties Worldwide tout private investments backed by mortgages on real property that they DON'T OWN!, Internet

*Author of original report: SEC has obtained a default judgement

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I entered into a short-term (90 day) private note with Mr. Petty and Virtual Properties Worldwide last November 2010. The loan was supposed to be secured by real property. The balance plus interest was due back in 90 days. Shortly after entering into the agreement I inquired as to when I would get a copy of the recorded deed.  At this time his Client Services Coordinator, Tony Brown, was still responding to me. His last correspondence to me came in early December when he promised I should get the deed within 1 week. 

After that my emails stopped being returned and the phone number would always go to voice mail. I've tried multiple ways to contact Tony Brown, Charles Petty and Virtual Properties Worldwide but I cannot reach anybody and their websites are also no longer up.

I was contacted in February 2011 by the SEC saying that they are pursuing a case against Charles Petty and his companies and that in March they had filed a motion for entry of default judgement but have not heard anything since even when I have inquired.  

If anybody has had any success in locating Charles in order to file suit against him, I'd love to know more!

This report was posted on Ripoff Report on 10/06/2011 10:53 AM and is a permanent record located here: https://www.ripoffreport.com/reports/charles-william-petty/internet/charles-william-petty-virtual-properties-worldwide-charles-petty-and-virtual-properties-785500. 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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#1 Author of original report

SEC has obtained a default judgement

AUTHOR: RR - (United States of America)

POSTED: Thursday, October 06, 2011

We have obtained a default judgment against Mr. Petty.  He has not paid any part of the judgment.  We have moved for contempt against him and the Court has scheduled a hearing for November 22. 

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