Www.businesscashevent.com, And Www.commercialcareer.com And Www.commercialcareerxe.com Scott & Kellene Bishop Buyer Beware, these people take your money, fill your ears with fluff and deliver nothing. Provo Utah

Kellene Bishop, a scammer who ran a course called Commercial Career, now runs Preparednesspro.com.

She recently wrote a despicable blog about the hard money world and the loan commitment fees involved.

THIS CRAZY PIG DID THE SAME EXACT THING AND MORE WITH HER COMMERCIAL CAREER COURSE. SHE TOOK HUGE RETAINER FEES THAT THE HARD MONEY PEOPLE COULD ONLY DREAM OF AND DIDN'T HAVE ANY SOURSES TO FUND THE LOANS!

She then claimed bankruptcy for over TWO MILLION DOLLARS!

Look at what the slob wrote:

Many years ago I frequently rubbed elbows with the hard-money world of commercial lending.  As an expert educator in the world of commercial finance, I simply could not have a functioning knowledge of the industry without being exposed to what was known as hard-money lending.  Hard-money loans typically come with some steep prices.  The first fee one would usually have to pay is an application fee. This particular fee is required simply for the privilege of having your funding request considered. Many such fees are non-refundable and would be as much as 1% to 3% of the value of the loan request.  After your project is given a preliminary approval you may then be required to pay a commitment fee.  This fee is anticipatory of the underwriting, inspection, legal, and appraisal costs that may or may not be necessary to process your funding request.  Regardless of what the anticipated costs really are on a project, commitment fees are typically another 1-3% of the total value of a funding request and to add insult to injury, they are usually non-refundable as well.  Then, assuming that all goes well during the processing of your hard money loan, just before closing you will get your written approval. However, in many instances you will be required to pay a funding fee which is essentially more money that you had to put up to show them your level of commitment to the funding. (Irrelevant of the fact that your other monies should have already clearly conveyed such a commitment previously.) This fee can be a mere $10,000-$50,000 or it can be greater.  In most instances this fee is refunded immediately upon the funding of your deal, but its still cash that youve got to come up with just to get your deal done. (Are you tired yet?)  Then, upon the closing and funding of your loan, you will be assessed approximately 15-22 points of the loan amount, plus an interest rate as high as 30 percent!  Are you worn out and horrified yet? 

THIS IS EXACTLY WHAT KELLENE THE SLOB DID!!!!!!!!!!!!!!!!

She then claimed bankruptcy for over 2 million dollars after she got sued by hundreds of clients!

STAY AWAY FROM THIS INSANE PIG!!!!!!!!!!!!!!!!!!!!

Here are some questions from the form from the lawfirm that represented former clients of the slob:

14. Did you do any business or have any contacts with the following:
0 Kellene Bishop
0 Scott Bishop
0 Blue Screen Marketing LLC
0 Beehive Commercial
0 Beehive Commercial Lending
0 Servicing Division
0 CFS Association

When___________________________________________________________
Where___________________________________________________________
Describe it________________________________________________________
Any witnesses_____________________________________________________
Any documents to show what happened________________________________
_______________________________________________________________________

15. Did you ever submit loan applications to the affiliates of Commercial Career and pay large application fees? (or have your clients pay them)?

0 Yes 
0 No
Who did you submit it to?____________________________________________ Describe the deal/Explain what happened_______________________________

How much loan application fee was paid?_______________________________

Were you told that you were submitting to a direct lender or a loan broker?__________________________________________________________

1
17. Is there anything else you know about the following people or entities?

Kellene Bishop___________________________________________________

Scott Bishop_____________________________________________________

Blue Screen Marketing LLC_________________________________________

Beehive Commercial_______________________________________________

Beehive Commercial Lending_______________________________________

Servicing Division_________________________________________________

CFS Association_________________________________________________
______________________________________________________________________________________________________________________________________________

Kellene Bishop is a criminal. I took her one of her courses in 2008 where she pitched herself as being a financial guru. She has now filed bankruptcy for 2 million dollars and she lives in a house worth less than two hundred thousand dollars!

If only Gene Simmons knew what kind of snake oil salesman this woman is.

Kellene Bishop has been getting retainer fees for her fraudulent loans. She has probably made as much hosing people as Marie Osmond has made in royalties from "I'm a little bit Country and a little bit Rock and Roll".

Stay away from this woman!

This article from The Wall Street Journal mirrors what the Bishops taught their students to do. However, their students were unaware that the Bishops had fake loan programs.

___________________________________________________________________


The Federal Bureau of Investigation and securities regulators in California and Pennsylvania are probing a Philadelphia-based loan broker over allegations that more than 100 prospective borrowers lost millions of dollars through a practice in which the firm collected upfront fees for real-estate development but didn't find any funding.

Authorities say they are trying to determine whether Remington Financial Group Inc. and a related firm, BlueStone Real Estate Capital, accepted fees without seriously trying to obtain financing for clients.



"We have been made aware of the allegations and we are looking into the matter," says Special Agent Jerri Williams in the FBI's Philadelphia division.

California's Department of Corporations is investigating Remington and BlueStone, and also is looking into LandBridge Equity LLC, a land-investment company based in Washington, D.C., according to a person familiar with the matter. Jack Kemp, the former U.S. Housing and Urban Development secretary and vice-presidential candidate, is a senior adviser and director of LandBridge.

Remington is named as a defendant in six civil lawsuits filed in California's Superior Court that allege the company conducted an "advance fee scheme" by collecting nonrefundable fees from would-be borrowers with "no intention of providing the financing." The company has denied the plaintiffs' allegations.

Former San Diego Acting Mayor Ed Struiksma says he paid Remington $25,000 in fees, and received no financing from the company for land he wanted to buy for a housing development. A Toronto developer, Greg Heller, says he paid Remington $20,000 and didn't secure financing for a hotel project in Egypt. Both men say the soured deals cost them much more in penalties and delays.

Andrew Bogdanoff, Remington's founder and chairman, says he isn't familiar with either deal, but that dissatisfied clients could seek arbitration under their agreements with the company.

MORE See the desist and refrain order filed by the California Department of Corporations against Remington Financial Group Inc.

On its Web site, BlueStone lists LandBridge, which also employs Mr. Kemp's son, James, as a "specialty partner." Mr. Kemp's Washington consulting firm, Kemp Partners, has referred business to both Remington and BlueStone in exchange for fees, according to Mr. Bogdanoff. The referrals led to about $400 million to $500 million in deals, according to Matthew McManus, BlueStone's chairman.

The chairmen of Remington and BlueStone deny any wrongdoing and say they weren't aware of any probes of the companies. James Kemp, who also is a principal at Kemp Partners, said his father was unavailable for comment, and "our policy is that we don't talk about the contractual agreements" with clients.

Regulators say it is generally legal for loan brokers to charge upfront fees, but it is illegal to take fees but not seriously pursue financing.

Several companies say they have had good experiences dealing with Remington and BlueStone. Bart Blatstein, chief executive of Tower Investments Inc. in Philadelphia, says the head of BlueStone helped him obtain $75.8 million in financing for a student housing complex. A spokeswoman for CNL Financial Group Inc. in Orlando says Remington provided mortgage brokerage services for a $170.5 million refinancing of its headquarters in 2006.

In interviews, the chairmen of BlueStone and Remington gave conflicting accounts of the relationship between the two firms, which share the same Philadelphia office. Mr. McManus, chairman of BlueStone, said BlueStone is "100% separate, 100% owned by me" and was formed with former Remington employees. Mr. Bogdanoff said BlueStone is "a wholly owned subsidiary of Remington." An attorney for both companies later said Mr. McManus was correct.

On its recently created Web site to generate business in India, Remington described itself as "one of America's top investment banking companies." But Mr. Bogdanoff, who works in Remington's Scottsdale, Ariz., office, says it is "not a big company," and the Web site claim is not "an accurate statement."

Mr. Bogdanoff says Remington has a three-stage process for helping clients finance projects. Remington charges $5,000 to $10,000 for initial due diligence that includes an "in depth" analysis of the project, he says. In the second phase, clients pay further due-diligence fees of generally $15,000 and also pay for an on-site inspection.

He says clients progress to "phase two" only if "we're all comfortable that this thing makes sense." He says that only about "15 to 20%" of the clients end up closing deals. "We wish they all closed," he says. "We make our money on closings."

Thomas Neece, who conducted site visits as an independent contractor for Remington last year, says he recommended about eight projects for funding, and isn't aware of any that received it. "They would just string people along," he says, adding, "Clients would call me back months and months later saying they never got funding."

Mr. Bogdanoff says he wasn't familiar with Mr. Neece's cases, and says Mr. Neece is "certainly not one of our regulars."

Several Remington clients say that after paying upfront fees and being told they had reached phase two, their discussions with Remington inexplicably collapsed. As a result, they say they lost the fees and either never completed the projects or were forced to pay penalties for missing deadlines.

Mr. Struiksma, a former acting mayor and city councilman of San Diego, says he lost $500,000 in February trying to keep a housing-development project alive after talks with Remington suddenly fell apart.

Mr. Struiksma, a 60-year-old developer who now lives in Orange County, Calif., says an Illinois broker referred him to Remington. He applied for $14.8 million to buy 565 acres for a housing development outside Modesto, Calif. On Oct. 16, 2007, Remington sent him a letter advising him of "our lender's interest to provide financing" and asking Mr. Struiksma to wire $10,000 for due diligence, which he did.

Remington has been under a "desist and refrain order" from offering financing in California since 2003 after it failed to provide as much as $3 million in funding to an investor who had paid an advance fee of $15,000. Mr. Bogdanoff says Remington didn't stop doing business in California until about three months ago.

In November, Mr. Struiksma says, he wired Remington an additional $15,000, which he says Remington told him it needed to "lock up" the deal. He also paid for Mr. Neece to do a site visit -- which Remington's Web site describes as a final step before closing. Mr. Neece recommended the project to Remington.

But Mr. Struiksma says by January, "suddenly we were no longer getting our calls returned." Mr. Bogdanoff says he wasn't familiar with the case, but that it isn't unusual for additional concerns about a project to crop up prior to financing. He says positive site inspections are a "major component" of approval, but not the only factor. Mr. Struiksma says the project continues to languish while he searches for funding.

Mr. Heller, vice president of Sea Sun Capital Corp. in Toronto, says he applied to Remington for $2 million to complete an addition and landscaping at the Sea Sun Resort & Hotel in Dahab, Egypt, on the Red Sea. He says Remington told him it had Middle Eastern investors interested in the project. He paid $20,000 in upfront fees, and nearly $3,000 for Mr. Neece to travel to Egypt in April 2007.

Mr. Neece recommended funding. Mr. Heller says that after the site visit, Remington "wouldn't return phone calls." He says when he finally reached someone at Remington, he was told, "We're having a tough time selling this."

Mr. Heller says he had to find a short-term lender at "exorbitant" rates for the project, which was recently completed, when talks with Remington fell through. He also says he had to give a roughly $1.5 million equity interest in the project to a lender because Remington's failure to provide funding caused him to miss a financing deadline.

Write to Jennifer Levitz at jennifer.levitz@wsj.com and Steve Stecklow at steve.stecklow@wsj.com

This was from one of Bishop's star pupils:


I was given your name as someone that I can report a fraud incident to. I am a Commercial Mortgage Broker and have taken a class taught by Scott and Kellene Bishop of Commercial Career and Beehive Commercial. They considered me one of their top referral sources and I entrusted them with my entire pipeline of business. In the last 18 months I sent them over $200,000,000 in business all of which they said they could approve and close. They presented themselves as Underwriters with Decision Making authority and were direct with Hedge Funds on Wall Street none of which was true.

To Underwrite and Approve these loans they required that my clients pay large Up-Front Retainer Fees (Good Faith Deposits). Their contracts state that the fees are non-refundable however, they told each of my clients that they do not ask for fees unless they are confident that they can close the loan. Hearing this, my clients entered into a contract with the Bishops and paid their money.

My clients paid $250,000 in Up-Front Fees only have their loans turned down after months of promises to close their loans. I can give you the names and numbers of all of these clients. I know of at least another $500,000 that was taken in the same manor from other clients. In addition to this, the Bishops charged close to 300 people on average $8,000 each to take their course on Commercial Lending and how to charge up-front fees and send all of our loans through them. In my estimation, the Bishops have netted over $2,000,000 in profit from this scheme and to date have not closed a single commercial loan and have not returned any fees.

I am not asking for fee that I paid to take their course to be returned. I am asking that the $750,000 that was fraudulently taken from our clients be returned.

Here are the facts:

Consumers were defrauded by the Bishops and Commercial Career.
The Bishops made promises to perform and collected obscene amounts of money and did not perform the service that there were paid to do.
The Bishops have refused any an all attempts to return even a percentage of the fees they collected.
The Bishops are residents of Utah but have committed these acts across the entire nation.

I know that I am not the only person to report this issue to your department but if you would like more individuals like myself to come forward I can make that happen.

Please let me know what needs to be done to insure that no more consumers are hurt by Commercial Career and Scott and Kellene Bishop.

Kellene Bishop offered a "no questions asked money back guarantee" to her "students". She turned around and sent out a 20-page questionnaire out to her "graduates" when they asked for refunds and denied almost all of them.

Disgruntled graduates have filled out this questionnaire from the Bander Law Firm for the big suit:



Commercial Career Questionnaire


Name:____________________
Date:_____________________


1. How did you hear about Commercial Career?
0 Word of mouth
Who___________________________________
When__________________________________
0 Internet
Did you search for a training course or did you receive a solicitation or email?
________________________________________________________________________________________________________________________________
0 Mail Ad
0 Fax
0 Magazine/newspaper ads

Please provide the original or copies if available

2. Do you have any copies of the website (or other document) promising that if you took the course you would make $750,000 in the first 12 months of taking the course? If so please provide any such copies to us.

3. Did you attend a free commercial loan workshop?
When___________________________________
Where___________________________________
With whom________________________________
What happened at the workshop?
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________(attach extra pages if needed)


4. Describe all contacts you had with Commercial Career from the first contact to the last. (Please put your description in chronological order.)
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

5. What services or products have you bought from Commercial Career?
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________


Do you have receipts or other documents to prove what you bought? (Cancelled checks, credit card statements, Receipts for the hotel, airplane or car rental for the trip)
________________________________________________________________________________________________________________________________________________________________________________________________

6. Please provide copies of all course materials or anything else you received during events and seminars by Commercial Career.

7. Did you attend any other events such as Reunions?_________________
Where___________________________________________________________
When____________________________________________________________
With whom_______________________________________________________
What happened there_______________________________________________

8. Why did you sign up for the Commercial Career course? Did you really believe you would make $750,000 in the first year after the course? If so, what made you believe that promise?
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

9. What did you do after the course to make the $750,000 as promised?
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

What documents do you have to show what you did?
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

10. Please describe your education from High School and up.
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

11. Please describe your work experience (focused on the mortgage business, both residential and commercial. Do not give every job since high school. Only those related to real estate, running your own business, and the mortgage industry)
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

12. Did you buy any forms from Commercial Career? (Such as the fee agreement to be used with your future clients?)
________________________________________________________________________________________________________________________________________________________________________________________________









13. Specifically list all the promises that were made to you:
What was promised________________________________________________
Who said it_______________________________________________________
When was it said to you_____________________________________________
Any witnesses____________________________________________________
Any documents to prove it was made___________________________________
________________________________________________________________________________________________________________________________

14. Did you do any business or have any contacts with the following:
0 Kellene Bishop
0 Scott Bishop
0 Blue Screen Marketing LLC
0 Beehive Commercial
0 Beehive Commercial Lending
0 Servicing Division
0 CFS Association

When___________________________________________________________
Where___________________________________________________________
Describe it________________________________________________________
Any witnesses_____________________________________________________
Any documents to show what happened________________________________
_______________________________________________________________________

15. Did you ever submit loan applications to the affiliates of Commercial Career and pay large application fees? (or have your clients pay them)?
0 Yes
0 No
Who did you submit it to?____________________________________________ Describe the deal/Explain what happened_______________________________

How much loan application fee was paid?_______________________________

Were you told that you were submitting to a direct lender or a loan broker?__________________________________________________________

16. Did you ever hear about someone named Kent Sullivan doing a $150 million deal because of the Commercial Career course? _______________

When____________________________________________________________ Who said it_______________________________________________________ Where__________________________________________________________ Other details______________________________________________________


17. Is there anything else you know about the following people or entities?

Kellene Bishop___________________________________________________


Scott Bishop_____________________________________________________


Blue Screen Marketing LLC_________________________________________


Beehive Commercial_______________________________________________


Beehive Commercial Lending_______________________________________


Servicing Division_________________________________________________


CFS Association_________________________________________________
______________________________________________________________________________________________________________________________________________

18. Is there anything else you would like to tell us?
_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

June 10, 2008

RE: Commercial Career

After exhaustive legal research we have determined that a class action is not appropriate in this case. However, we have determined that we can file individual claims in a single lawsuit in Los Angeles Superior Court.

Many of you have expressed interest in the lawsuit and were hoping to just be class claimants. Some of you have signed retainer agreements to be class claimants. However, as stated, we will just be proceeding as individual claims.

Hence, if you wish for our firm to represent your claim please sign the enclosed retainer agreement and complete the questionnaire if you have not already done so. Also, please send us whatever documentation you have about this transaction.

We intend to file this lawsuit on June 27, 2008. Hence, hence please return the signed retainer agreement the completed questionnaire and any documentation that you may have so that we receive it by June 26, 2008, by 3 p.m. Los Angeles time. If we receive the retainer and other documents after that time we will require a $400 cost deposit, as there will be additional costs with each new filing.

Please feel free to inquire with us on any aspect of these matters.

If you know any one else who has done business with Commercial Career and may have been harmed, please feel free to pass on this email to that person.

*Also, please note that we are using two email addresses due to difficulties Bander Law Firm LLP has experienced with yahoo.com in sending out emails. Please reply to both addresses to ensure that we receive your response.

Sincerely,

CATHE L. CARAWAY-HOWARD