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investment fraud

(2008-06-24 10:33:32) 下一个
San Gabriel cith council Albert Huang and Kotai realty agent brought in about 20 small investors into a 57 units apartment building project. Albert Huang is the manager, but he took money from the construction fund into his own pocket, and the construction company seriously delay the progross because Albert Huang did not release the fund to them. Kotai realty agent mislead the investors and take kickback from Albert Huang. They promised the investors the project would be finished within 10 month. now is almost 2 year and 10 month, the project is still not finished. the interest to the bank is $100000 per months. the investors lost all their money. they tried to hire an attorney to sue Albert Huang and Kotai realty agents. but was cheated by the attorney again. the attorney fee hits $70000.00 already for a 3 months period. the court day is March of next year. the attorney kept asking for money, but the investor already can not afford that much. to finish the case the attorney fee maybe hit $400000. even they win the case, they don\'t know if they can get the money back from Albert Huang, becuase he already transfer all his money to some where and someone else. what should these investors do???
plus, we found out that there are other victims of Albert Huang, and he has another 2 court cases going on now.
i told you these because i don\'t want other people to lose their money becuase of these bad people. also, do not vote Albert Huang for San Gabriel city council next year! and don\'t be treated by the real estate agent again. they just want to earn their commision. they don\'t care you lose money on the houses. so please open your eyes!
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