Weekend January 23 2022
SA CPA Terry Cleveland and Attorney James Hale are being sued over their faied New Opportunities Real Estate Investment.
The project involved extending loans to owners of property.. The owner was supposed to pay the difference in his actual note and the new interest rate to New Opportunities.
Frankly I have read the story twice and still do not understand the business purpose.
Apparently no liens were filed on the properties to establish collateral.
An SA Attorney and a Federal Bankrutpcy Trustee have both filed suits. Claims that this is A Ponzi Scheme are also being made..
Comments