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Where Is Ed Okun: Federal Bureau Of Prisons Inmate Locator Snafu Or Is Ther
2008-04-12 22:56:00 As if the Ed Okun embezzlement case does not have enough stress and heartache for the victims, aka “Train Wreck Victims” who lost their life savings, now a cursory check of the Bureau of Prison’s inmate locater shows the following status dated April 13, 2008 for Ed Okun: “RELEASED” Although this is most likely an oversight, ...
By: deansguide
Realtor?s Marketing Strategy #2: Your Career?s ?Positioning? Is The Why Of
2008-04-10 17:53:00 In the world of best selling books, not unlike real estate, “positioning” a book is the “why” of book marketing. The example given by Dan Poynter of Para Publishing is “If you were writing a cookbook, write one sentence explaining why someone would want to buy yet another cookbook.” If you are a Realtor why ...
By: deansguide
?Hiding in Plain Sight? Spitzer and Okun: Did They Want To Get Caught?
2008-03-25 09:14:00 Reuters.com published this article on March 25, 2008 FoxBusiness.com published this article on March 25, 2008 Did Eliot Spitzer and Ed Okun want to get caught by the authorities? Spitzer held his career killing federal endictment insighting activities in Washington D.C.. The worst place to keep a political secret on the planet is Washington D.C.. In the same ...
By: deansguide
Update: FAQ aka Where Are We Now In The 1031 Tax Group Case?
2008-03-06 01:58:00 In the slow marathon that the 1031 Tax Group case against Ed Okun has become, it is ease to lose sight of where everyone stands. As a reminder, the following is information from the US Bankruptcy Trustee Jerry McHale’s website trustee1031TaxGroup.com. Although this information has been available to the public, for months in some ...
By: deansguide
Realtor Career Evaluation Tool #1: Understand Your Options, Chart Your Dest
2008-02-29 19:36:00 Susan Hanshaw of personal development firm inner architect is publishing a book “Inner Architect: How To Build The Life You Were Designed To Live” devoted to helping Realtors become aware of their challenges, find the courage to confront the idea of change, and take the final step by implementing an intentional plan of ...
By: deansguide
California Victims of 1031 Exchange Rip Offs and Industry Professionals: Yo
2008-02-08 17:29:00 SB 1007 is an attempt to wash away any memory of Mike Machado’s ignorance of the entire 1031 Exchange process, it’s rules, and the unregulated Dodge City atmosphere the industry has operated in (with impunity) to this point in it’s history. If I were a California Qualified Intermediary, investor, or anyone involved in this industry ...
By: deansguide
Wordpress Creator Matt Mullenweg Raises $2.9M In Funding: Blogging Can No L
2008-01-24 07:26:00 Today marks the turning point and trumpets the arrival of the sea change in American media and culture; the revolution begins as the preeminent open source software platform for blogging, Wordpress, creator Matt Mullenweg has received $29.5 million in a series B Funding for his company Automatic. This event validates, legitimizes, and transforms the once ...
By: deansguide
?Devastated Still With No Hope. . .?: Another 1031 Tax Group Victim Needs Y
2008-01-13 01:57:00 The 1031 Tax Group victim’s list continues to get longer and more compelling with the following comment-letter I received this past week. Like Elizabeth and the other victims of the Okun owned 1031 Tax Group, Rudy Lozano is a victim with the type of story we all should be alarmed about hearing. Even worse, ...
By: deansguide
Federally Insured Qualified Intermediaries: ?1031 Regulation Act of 2007? I
2008-01-04 16:48:00 In a shocking and eye opening plea from a long time trusted reader, the following comment was left as a request for publication. In August of 2007, California State Congresswoman Zoe Lofgren (somebody I took to task) introduced a bill designed to remove the possibility of embezzlement in a 1031 Exchange transaction like the ...
By: deansguide
Top 20 deansguide Articles In 2007: Part 1 ?Eclectic And Traffic?
2007-12-29 23:58:00 My blog deansguide began as a suggestive challenge from one of my best friends and mentors Patrick Kitano. Pat made two visionary posits: First the blogisphere will change the face of media as we know it. Second blogging will become “citizen journalism” leading to “radical transparency” and a new connectedness never before seen on ...
By: deansguide
Update: 1031 Tax Group Victim Provides 82 Page Document on US Bank Settleme
2007-12-17 18:27:00 In what can only be described as heartbreaking and compelling, one of the 350 victims of the 1031 Tax Group scandal has provided new information about a eerily similar situation: Donald McGhan’s Southwest Exchange rip off. According to Elizabeth Callanan one of the 350 victims in the ongoing 1031 Tax ...
By: deansguide
Update?Haven Exchange President Dorothy Zink Sets The Record Straight: ?Our
2007-11-29 18:58:00 With this year’s 1031 Tax Group (Ed Okun) and Southwest Exchange (Donald McGhan) disasters fresh in investor’s minds, deansguide has focussed on providing information for investors to consider during their due diligence investigations of this investment strategy. Our recent installment spotlighted Haven Exchange and Union Bank’s “transparency program” aimed at making every step of ...
By: deansguide
Breaking News?US Trustee In 1031 Tax Group Case Answers JPS Capital: ?JPS I
2007-11-28 01:59:00 In response to a recent claim that JPS Capital sent a offer sheet for $148 million to Ed Okun and the US Trustee in charge of managing the settlement for creditors in the 1031 Tax Group case, Trustee Jerry McHale flatly denied such an offer with accompanying documentation was made to him. When told ...
By: deansguide
Sitemeter A Blogger?s ?Bloodhound?: Union Bank of California-Haven Exchange
2007-11-21 21:31:00 Although I have written an article extolling the usefulness of Sitemeter, the fantastic traffic monitoring tool for bloggers, my recent experience with the article “Haven Exchange’s “1031 Transparency”: Will This Model Prevent 1031 Exchange Fraud or Embezzlement In The Future” is a fantastic example of Sitemeter’s utility-value to a blogger. In this article I ...
By: deansguide
JPS Capital?s $148 Million Dollar Committment to Mr. Okun and the Creditor?
2007-11-20 19:05:00 In the continuing saga that is the Ed Okun 1031 Tax Group case, I recently received a link to U.S. Trustee Mr. Jerry McHale’s blog-newsletter which contains the most up to date information on the Okun settlement. In the first paragraph of Mr. McHale’s opening salvo, dated November 18, 2007, into the blogisphere, resides ...
By: deansguide
UPDATE: New York Bankruptcy Court Appointed Trustee Produces First Newslett
2007-11-19 19:34:00 Recently appointed Trustee to the 1031 Tax Group case, Jerry McHale, has produced a newsletter outlining the latest information regarding Ed Okun’s assets, their disposition, and related court matters. The following link, provided by Okun victim Elizabeth Callanan in a comment on deansguide, is a vital source of information for ...
By: deansguide
Haven Exchange?s 1031 ?Transparency?: Will This Model Prevent 1031 Exchange
2007-11-12 15:54:00 Haven Exchange, a Huntington Beach, California based 1031 Exchange services company, claims to have come up with the answer to potential fraud and security issues now plaguing the 1031 industry. Haven describes their new service as “breaking new ground by creating transparency for 1031 Exchange funds.” More to the point, Haven’s transparency program is ...
By: deansguide
The Ultimate O.P.M. Boot Camp for Real Estate Investors: Serious Strategies
2007-11-03 20:04:00 O.P.M. aka Other People’s Money has been the linchpin strategy in America since the beginning of the U.S Banking system. In today’s entrepreneurial landscape, more and more real estate investors are ready and willing to take advantage of the current climate in the real estate market. Unfortunately many of these people are unable to ...
By: deansguide
Down Market Survival Kit Tool #1: Your Positive Attitude Is A Key To Your S
2007-11-01 03:37:00 This wonderful illustration courtesy of http://www.slideshare.net/targe-tseo/positive-attitude-is-every--thing In what is one of the most powerful, yet overlooked, characteristic of success-Positive Attitude remains under-utilized. Don Martin wrote a wonderful and inspirational set of “suggestions” in order to help “Build Positive Attitudes.” I am paraphrasing Don’s thoughts and adding my own to apply to Realtors and the real ...
By: deansguide
Judge Moves to Seize Okun Assets: Confiscated Assets Will Be Liquidated for
2007-10-31 17:50:00 U.S. Bankruptcy Court judge Martin Glenn recently ordered the seizure of assets from 1031 Tax Group owner Ed Okun as the next step in attempting to pay back monies owed to investors aka creditors. According to the Associated Press, this agreement allows the 1031 Tax Group to seize control of it’s owner’s (Okun) assets for ...
By: deansguide
JPS Answers the Bell: Finally Some Good News For Okun Investors, A Lesson f
2007-10-29 16:55:00 Like a bolt out of the blue skies, I received an email that is good news for the investors in the 1031 Tax Group case. I made a mistake and was hasty in reporting that JPS Capital had removed themselves from the 1031 Tax Group settlement. How do I know that I had my ...
By: deansguide
1031 Tax Group Reorganization Plans Stymied: West Oaks Mall Files for Bankr
2007-10-26 02:13:00 A Houston, Texas super mall has just filed for bankruptcy protection in order to guard against foreclosure proceedings. The “rest of the story” as the great Paul Harvey used to say, is that the West Oaks Mall, a 1.1 million sq ft complex, was the centerpiece of Edward Okun’s assets that are now ...
By: deansguide
1031 Tax Group Case Spinning Out of Control: Assets Are Evaporating While I
2007-10-25 16:56:00 It just continues to slowly erode the confidence and hopes that investors have harbored since the day the 1031 Tax Group owned by Ed Okun first declared the money was “missing.” The “It” I speak of is the proposition that investors were going to get their money back. CoStar Group’s Mark Heschmeyer wrote an ...
By: deansguide
?Who Knows What Evil Lurks In The Hearts Of Men?: ?Shadow? Warns Okun Victi
2007-10-20 18:34:00 We encourage comments and stories here at deansguide in an effort to give a voice to everyone who has been effected by the 1031 Exchange disasters of Ed Okun and Donald McGhan. Although we love to hear from people on other subjects, the scandals that have rocked consumers seem to be the focus of ...
By: deansguide
New York Attorney General Andrew Cuomo?s Code of Conduct Plan for Banks: Wh
2007-10-18 22:47:00 The mortgage lending industry is not the only lending niche in trouble these days. With the outrageous 1031 disasters of Ed Okun and Donald McGhan splashed all over the court systems of America, consumers are become distrustful, as a rule of thumb, and weary of any tax strategies or ...
By: deansguide
Realtors, Brokers, and Mortgage Professionals Watch Out: Department of Just
2007-10-12 16:59:00 Sitemeter is a wonderful “bloggers” toy and tool. It allows bloggers to follow their traffic and it gives them an idea of where their readers are coming from via internet service providers and business web sites. During a analytic check yesterday, I noticed that a employee of The Department ...
By: deansguide
1031 Consumer Comments: Will Consumers Ever Feel Safe Risking Their Life Sa
2007-10-09 03:37:00 Although the major news media both print and electronic have ceased to beat the drums for answers to fraud/embezzlement in the 1031 Exchange industry, many consumers remain interested in finding answers to the question: When will it be completely safe to invest your life savings with a Qualified Intermediary performing a 1031 exchange? Will ...
By: deansguide
When a Stranger Calls: Rumors, Innuendos, and Whispers What is Going On Wit
2007-09-30 07:21:00 Search Engine Optimization is a wonderful concept when you become a blogging “citizen journalist.” All that the wonderful Web 2.0 revolution offers an amateur writer like myself is the opportunity to be noticed, read, and contemplated. Obviously I have hit a cord with the people who have been victimized by the Ed Okun 1031 ...
By: deansguide
Does a National Database of 1031 Exchange Professionals, ?Tools?, and Inves
2007-09-26 21:25:00 Last week I asked the question, “Does a National Database of 1031 Exchange Professionals, “Tools”, and Investment Property Listings Make Sense Today?” In that article I took on the idea that was being solicited to me by 1031netex.com’s Michael D. Fox. I pointed out the obvious: the 1031 industry has a black eye from the ...
By: deansguide
Does a National Database of 1031 Exchange Professionals, ?Tools?, and Inves
2007-09-13 03:16:00 It is not often that I am solicited by 1031 exchange companies looking for exposure. Yet every once in awhile somebody in the blogishere contacts me with their version of the latest and greatest. Yesterday just such an animal came knocking on my door. The business model is a online ...
By: deansguide
How To Avoid Embezzlement In A 1031 Exchange Deal: William Exeter?s Due Dil
2007-09-12 02:07:00 I am neither an expert or a current tax/investor looking to complete a 1031 exchange and avoid the nasty capital gains taxes in the process. I am not an attorney, real estate broker, or qualified intermediary professional giving advice or performing 1031 exchanges. I am simply a conduit for information that hopefully will enlighten ...
By: deansguide
?Dodge City? 1031 Tax Group/Ed Okun-Southwest Exchange: Will the 1031 Indus
2007-08-31 17:20:00 The recent spate of 1031 disasters brings back memories of the wild west “Dodge City” days of the 1980’s when Savings and Loans like Lincohn S & L were being looted by crooks like Keating and his brethren. It also reminds one of 1980’s Miami, Florida where retirees soon found themselves trapped in a ...
By: deansguide
Know Your Qualified Intermediary - 1031 Exchanges
2007-06-24 23:26:00 News of two exchange companies mishandling client 1031 funds has been in the news recently and has caused concern among users of the popular tax deferral strategy. The negative actions of a few are overshadowing the success and responsible approach of the many. It is important to note that 1031 Exchanges have been around for over 85 years and were intentionally established by the IRS with clear guidelines allowing taxpayers to defer gain on their investments. Although not representative of the industry as a whole, these cases do highlight the importance of researching the company you choose to process your 1031 Exchange. As with any important decision, know whom you are choosing to do business with. Some questions to ask when researching a potential 1031 company: Will my money be held with a large bank with online viewing of my funds Is the money in a segregated account or mingled with other funds Do disbursements of exchange proceeds require more than one ...
Clients Lose Millions With Qualified Intermediary
2007-05-17 03:05:00 I got an alert on an article today from San Jose, CA. The subject was a Qualified Intermediary that somehow absconded with millions and millions of dollars in clients 1031 exchange funds.Here is a link to the entire article:http://www.mercurynews.-com/ci_5898867?source=rss&n-click_check=1#recent_commThese- are people who have been in business for a long time. It seems almost impossible to believe this can happen, but it shows that you need to know what questions to ask before entrusting your funds to anyone. It comes back to- how do you know what to ask if you don?t know?Shopping for the lowest cost QI is acceptable if you are comparing apples to apples. Here are some basic questions.1. Is my money held in a separate account that you cannot access except for the exchange transaction?2. Are you insured and bonded?3. Do you pay interest on my money while you hold it?4. What assurances do you have in writing that if something happens to your company my money is still intact and not ac... |
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