Complaint Review: PB Enterprises - Albany New York
- PB Enterprises 1531 Central Ave Albany, New York U.S.A.
- Phone: 518-862 9301
- Web:
- Category: Real Estate Services
PB Enterprises - PB Albany ALBANY NY WARNING!!!! Real Estate Scumbags In Albany NY Severely ripoff their "clients" Albany, Troy, Schenectady New York
*Author of original report: Brooklyn MDC here we come!
*Author of original report: Michael Crowley got 2.5 years and...
*Author of original report: Kevin Jr & Kevin Sr finally sentenced -2 years in federal prison. Michael Crowley sentencing on 2/4/2013
*Author of original report: THE GANG IS FINALLY GOING TO BE SENTENCED!
*Author of original report: The rest of the PB Emterprises gang has now been CONVICTED!
*Author of original report: Sentencing scheduled AGAIN - 5/23/11
*Author of original report: Kevin O'Connell is a RAT! He's cooperating w/authorities to keep himself out of prison
*Author of original report: What's Kevin up to these days?
*Author of original report: The real victims are not getting reimbursed
*Consumer Comment: 7/7/2010 Sentencing
*Author of original report: They're going after Michael Crowley and Kevin O'Connell Sr. next!
*Author of original report: JUSTICE HAS BEEN SERVED!
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In feruary of 2004 I saw an TV commercial for PB Enterprises in albany ny. Their website is pbalbany.com
They advertise that they can help you buy real estate with no money down. I called them and set up an appointment. Somehow they get in the middle of a real estate purchase and take money from both sides. Yet, their names never appear on any of the paperwork. The deeds and settlement statements all have the previous owners names on them.
In late feburary they showed me a property. This was a 2 unit 3 story building. They showed me the building and said it was a great property in good condition and would be a great investment. Foolishly, I trusted them 100%.
PB Enterprises had it appraised for $85k (using their own shady appraier), they told the bank I put down 20% and got me a mortgage for $68k ("vice president" kevin O'connell is a mortgage broker). PB Enterprises paid the owners the asking price of $40,000 (which they kept secret from me throught the deal) and then took their profit of $28,000!!!
I fixed the place up and rented out the 1st floor unit. The 2nd floor was already rented at the time of purchase.
A few weeks later I get a letter from code enforcement notifying the new owner (ME!) of the 31 code violations (one being the crumbling foundation) and the "do not occupy" order on the 1st floor unit. I was flabbergasted.
I contacted PB Enterprises. They said ..."We are very sorry to hear about the situation at Oakwood. We usually buy the houses quickly and sometimes dont notice these things. This is espescially true in properties that have tenants in them. Its hard to believe that a house that is occupied has that many violations but I guess its possible."
I fixed all but 3 of the code violations myself. Now PB enterprises is offering to pay for part of the $20k+ foundation repairs that the building needs. They wanted to split it but I said no way!
I'm currently getting estimates for the work. I've heard from 4 different contractors. They all were in the $10k to $30k range. I tried to get a work permit from the city. They told me I have to get a structural engineer to draw up plans before they will issue a permit. I have scheduled an engineer to come look at it on 5/15/04.
I contacted a lawyer and he said it would be very expensive to go after PB Enterprises.
Kevin Oconnell and his fat bald, cohort Mike dragged out the situation as long as they could. I finally had to hire a lawyer to go after them. After many months my lawyer forced them to purchase the property back from me for what I owed on it plus a portion of the money I spent to fix it up. I lost 100's of hours of my own labor though.
If you are thinking of becoming one of PB Enterprises "clients" I would STRONGLY suggest against it!! Check them out on the BBB and you'll see they currently have 2 complaints. I'm sure more will be coming.
D
east greenbush, New York
U.S.A.
This report was posted on Ripoff Report on 06/27/2005 06:38 AM and is a permanent record located here: https://www.ripoffreport.com/reports/pb-enterprises/albany-new-york-12205/pb-enterprises-pb-albany-albany-ny-warning-real-estate-scumbags-in-albany-ny-severel-147615. 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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#12 Author of original report
Brooklyn MDC here we come!
AUTHOR: K - ()
SUBMITTED: Wednesday, March 20, 2013
Kevin M. O'Connell and Michael Crowley are now BOTH in the Brooklyn MDC (Metropolitan Detention Center) federal detention facility. Maybe Daddy O'Connell will soon join them there soon? He's scheduled to start his 2 year incarceration in April of 2013.
Brooklyn MDC doesn't sound like a very nice place to be. They'll NEVER get to go outside.
http://www.gorillaconvict.com/mdc-brooklyn-2/
#11 Author of original report
Michael Crowley got 2.5 years and...
AUTHOR: K - (USA)
SUBMITTED: Wednesday, February 27, 2013
... 3 years supervised release. Plus, he has to pay $2,847,036.54 in restitution to his victims.
He was found guilty on 2 of the 6 charges.
1. Conspiracy to commit mail fraud and bank fraud
2. Bank fraud
Kevin O'Connell got off with a lighter sentence.
#10 Author of original report
Kevin Jr & Kevin Sr finally sentenced -2 years in federal prison. Michael Crowley sentencing on 2/4/2013
AUTHOR: K - (USA)
SUBMITTED: Saturday, February 02, 2013
http://www.timesunion.com/local/article/Father-son-team-get-2-years-in-scam-4243959.php
The sentence is a slap on the wrist compared to what other criminals got for the same exact crimes. Example: Aaron Dare got 8-24 years for committing the same real estate and mortgage frauds in and around Albany. http://www.news10.com/story/8843406/dare-sentenced
Michael Crowley will finally be sentenced on 2/4/2013. He is expected to get more time since he was the mastermind behind the crimes.
Enjoy your time in federal prison scumbags.
#9 Author of original report
THE GANG IS FINALLY GOING TO BE SENTENCED!
AUTHOR: K - (USA)
SUBMITTED: Thursday, August 23, 2012
The sentencing hearing for defendant(s), Michael J Crowley & Kevin O'Connell Jr, has been set for September 19, 2012, 10:30 AM at Albany, U.S. Courthouse, 445 Broadway, Albany, NY 12207 before Judge Norman Mordue
Everyone who was a victim of these dirtbags shhould come to court and watch them get their sentence.
#8 Author of original report
The rest of the PB Emterprises gang has now been CONVICTED!
AUTHOR: K - (USA)
SUBMITTED: Thursday, October 13, 2011
Yup, it's true! Kevin O'Connell Sr. was convicted of conspircay to commit bank and mail fraud. He faces up to 5 years in federal prison, 3 years supervised release to follow his incarceration AND a $250,000 fine.
Read it all here http://www.justice.gov/usao/nyn/news/1442-2837-1911218560.pdf
The other dirtbag, Michael Crowley was convicted of conspiracy to commit mail & bank fraud and one count of bank fraud. He faces 5 years on the conspiracy cconviction and 30 years on the bank fraud conviction! 35 years in prison. Wow, he'll be almost 70 years old when he finally gets out. Karma is a son of a gun.
Read about it here http://www.justice.gov/usao/nyn/news/1281-2514-2001887616.pdf and here
http://mortgagefraudblog.com/ee-assets/my-uploads/Crowley.pdf and here http://mortgagefraudblog.com/perp-walk/item/13738-new_york_man_admits_mortgage_fraud_scam
Kevin Jr. STILL HASN'T BEEN SENTENCED after being convicted more than 2 years ago. That's the kind of "kid gloves treatment" a RAT gets when he helps the government convict his co-conspirators.
Read about it here http://albarchive.merlinone.net/mweb/wmsql.wm.request?oneimage&imageid=14633453 And here http://www.timesunion.com/default/article/Mortgage-fraud-conspirator-faces-prison-1370607.php and here http://www.justice.gov/usao/nyn/news/154-153-956490112.pdf
To everyone who was scammed by these dirtbags, revel in the fact that they'll be in a tiny 4 x 8 prison cell eating crappy food while the best years of their lives passes them by.
#7 Author of original report
Sentencing scheduled AGAIN - 5/23/11
AUTHOR: K - (USA)
SUBMITTED: Monday, May 16, 2011
The times union newspaper recently did a follow up story on the convicted felon Kevin O'Connell. His sentencing has been adjourned 7+ times!
They're comparing Kevin's crimes to those of Aaron Dare, who is currently serving 63 months in federal prison for mortgauge fraud related crimes.
Kevins crimes were commited over a longer time period and involved millions of dollars more than Aaron Dare. Kevin is white and Aaron is black. It'll be interesting to see how the two felons sentences compare.
Heres the link http://www.timesunion.com/default/article/Mortgage-fraud-conspirator-faces-prison-1370607.php
#6 Author of original report
Kevin O'Connell is a RAT! He's cooperating w/authorities to keep himself out of prison
AUTHOR: D - (U.S.A.)
SUBMITTED: Thursday, February 24, 2011
Yup, it's true, Kevin O'Connell is a RAT.
In an effort to keep himself out of prison, he's been working with law enforcement to help convict others that he had illegal dealings with.
Honestly, I'd expect nothing else from Kevin. He's got no morals, integrity or decency.
He was convicted of a felony back in november of 2009. He's been scheduled for sentencing at least 5 times since then. The sentencing always gets postponed. Gee, I wonder why?
HE'S COOPERATING WITH ATHOURITIES!
RAT!
It's now february 2011 and he still hasn't been sentenced. He's out living his life as if he isn't a convicted felon & didn't scam 100's of hard working local people out of 10's of millions of their dollars.
#5 Author of original report
What's Kevin up to these days?
AUTHOR: D - (U.S.A.)
SUBMITTED: Monday, November 15, 2010
Ever wonder what a convicted real estate scamming felon does for money these days?
Wonder no longer... http://www.facebook.com/pages/Albany-NY/All-Star-Construction-of-Albany-Inc/299354061631
He's scamming people with his home improvement business now. If a homeowner knew their smooth talking contractor was a convicted felon about to be sentenced for up to 15 years in federal prison... I doubt they'd hire him! LOL!
#4 Author of original report
The real victims are not getting reimbursed
AUTHOR: D - (U.S.A.)
SUBMITTED: Wednesday, October 27, 2010
Kevins lawyer got the sentencing postponed 3 times. He's due in court in November of 2010 for the sentencing. I do not know the actual date but it is November 2010... unless his lawyer can get it postponed again.
According to the NYS crime victims unit, the local people that Kevin scammed will NOT be getting reimbursed. They say the only real victims are the banks who were defrauded.
The NYS crime victim "advocates" (I use that term very loosely) basically told me that it was my fault for getting scammed. It's my fault that I paid $30k more for a property than it really sold for AND because I still own one of the properties, I'm not a victim at all! It doesn't matter that I paid $30k more than the asking price because smooth talking Kevin made me trust him.
NYS crime victims board says the banks are the only real victims. They also said ...in a "round-about" way that if they allowed me to be reimbursed for the $30k Kevin stole from me, 100's of other local people that kevin scammed, would come out of the woodwork and want reimbursement also! They don't want to open that "can of worms". It's simply easier for them to reimburse the banks for the 5.3 million in defaulted loans, slap Kevin on the wrist, pat themselves on the back for a "job (not so) well done" and move on to the next white collar criminal. Call the NYS crime victims board and ask to be reimbursed. They don't want to hear you. You'll see what I'm saying is 100% true. Justice will not be served in this case.
I can assure you that Kevin O'Connel and PB enterprises (Michael Crowley & Kevin O'Connell Sr.) made a lot more than the 5.3 million dollars they are being prosecuted for. The victims who bought overpriced properties through PB Enterprises but chose to do the right thing AND PAY THEIR MORTGAGE are the people who are being screwed. The banks (who we recently bailed out!) are being reimbursed?! WTF?!!!
I'm a local victim of Kevin O'Connell who got scammed out of at least $30k real dollars but I won't be getting a dime in reimbursement.
#3 Consumer Comment
7/7/2010 Sentencing
AUTHOR: Mtbecknj@hotmail.com - (United States of America)
SUBMITTED: Thursday, July 08, 2010
I've been dying to find out what happened on the 7/7/2010 court date. I hope Kevin gets the max sentence and has to pay everyone back for the money he stole. Has justice been served?????
#2 Author of original report
They're going after Michael Crowley and Kevin O'Connell Sr. next!
AUTHOR: D - (U.S.A.)
SUBMITTED: Sunday, May 23, 2010
Hooray! I applaud the NYS government for prosecuting these scumbags.
Kevin O'Connell will hopefully spend many years in prison for what he's done. I'll be in the courthouse on July 7th 2010. I ncouage any other victims of PB Enterprises and kevin, mike and kevin Sr. to come to the courthouse and read your victims statement.
I can't wait for Mike Crowley and Kevins father to end up under the microscope!
They're ALL scumbags and deserve what they get.
#1 Author of original report
JUSTICE HAS BEEN SERVED!
AUTHOR: D - (U.S.A.)
SUBMITTED: Thursday, March 11, 2010
The heavy hand of justice has smacked Kevin O'Connell right in the face! He finally got caught for what he was doing! Hooray for there is justice in this world.
http://albany.fbi.gov/dojpressrel/pressrel09/alfo11190909.htm
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