United Realty Trust Lawsuits

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United Realty Trust Lawsuits

Postby United Realty Trust » Sat Sep 06, 2014 12:17 am

Do you belive in United Realty Trust ? http://www.unitedrealtytrust.com
Ask Yourself why the CEO Jacob Frydman http://en.wikipedia.org/wiki/Jacob_Frydman(aka Jake the Snake ) has dozens of lawsuits against him for fraud and stealing.

Dozens of litigations many many with Fraud. Makes you wonder whats next. Madoff ????
Jake Frydman hires Architects, Contractors, Electricians, and Plumbers etc, for his house he calls Ledge Rock and then sues them all ...... Why? to scare them and not to pay them. Read these litigations and you will be in shock!

As a master in LITIGATION the con man Jake the Snake mobster wanna be Frydman aka Jacob Frydman has so many liens against him because he sues, loses in court and then still fights. the liens he may ultimately settle as a way to get a discount. But the records show it all. From the smallest few hundred dollars to the larger ones where he screws lawyers and lawfirms that represent him.

He hires lawyers, leases copy machines, gets Internet service, hires executives and employees (dozens of them) and SCREWS them ALL. READ the lawsuits.

There are probably hundreds more in arbitration but just have your lawyer get you a copy of these lawsuits and weep for those that their money is gone already.
THE PARTIAL LIST (when you read them highlight the word FRAUD

    Atlantic Concrete Foundation Inc. v. White Acre Equities LLC., 1406/2013 (N.Y. Sup. Ct. Apr. 2014)
    APF FIRE PROTECTION v. LEDGEROCK Docket No. 6641/2013
    VINEYARD AVENUE v. LEDGEROCK, LLC., Docket 3493/2011
    Parker Note v Parker Ave et al (NY State County of Dutchess INDEX NO. 2012 3020)
    EVUNP V Frydman (INDEX NO. 650841/2014)
    Frydman, Jacob v. Nasi Seed Investors I LP, 8759 (Del. Ch. July 30, 2013)
    TRAVELERS INDEMNITY V JACOB FRYDMAN and WHITE ACRE EQUITIES, LLC, Index No.: 2010-2802
    DJZV Holdings LLC v Jacob Frydman (Index No. 654346/2013)
    WA Route 9, LLC v. PAF Capital LLC, 651688/2012
    Kiphart Richard P v. Frydman, Jacob, 2012-L-010840
    Capital One, N.A. v. Surrey Equities, (Frydman) 1:11-cv-01798 (S.D.N.Y. Mar. 15, 2011)
    Capital One, N.A. v. Frydman 1:11-cv-02231 (S.D.N.Y. Mar. 31, 2011)
    Capital One, N.A. v. White Acre Equities, LLC 1:11-cv-02231
    Andrew Sutton v. Lambdastar Infrastructure Partners LLC et Al. 653453/2011 also Arbitration (AAA) case no. 13 116 0303110
    Barnes & Thornburg LLP v. Jacob A. Frydman, 108532/2010
    Guttman, Jack v. Diamond, Warren, 650592/2010 (N.Y. Sup. Ct. June 11, 2010)
    Peckar & Abramson, P.C. v. Lyford Holdings, LTD., (Frydman) 100005/2009 (N.Y. Sup. Ct. Jan 02, 2009)
    700 North Delaware, LLC (Frydman) v. Weinstein, 2:07-cv-02252 (E.D. Pa. Jun 04, 2007)
    Savoy Senior Housing Corp (Frydman) v. TRBC Ministries, LLC. 1:08-cv-08874 (S.D.N.Y.Oct 16, 2008)
    General Electric Capital Corp. v. Frydman and Company, 05100709/2005
    ROSENMAN & COLIN, LLP v. FRYDMAN, JACOB A., Docket No. 604674/1998 (NY Sup. Ct. Sept 1998)
    BDO SEIDMAN, LLP v. FRYDMAN & CO., Docket No. 603077/1998 (NY Sup.Ct. June 1997)
    SHELDON FELDMAN v. JACOB A. FRYDMAN, Docket No. 1986-1407 (OH. SUP. Ct. Aug. 1986)
    NYS Department of Taxation and Finance v. Lambdastar Infrastructure Partners LLC, Docket No. 3124659
    NYC Department of Finance v. Lambdastar Infrastructure Partners LLC, Docket No. 2619560
    TELCO ASSOCIATES, Member & on Behalf of 636 ELEVENTH V WHITE ACRE CAPITAL, /Jacob Frydman 04601349 NY Sup Ct.
    LEDGEROCK, LLC v. ADVANCED RADIANT DESIGN INC, Docket No. 11649/2010
    LEDGEROCK, LLC v. AMERICAN ARCHITCTURAL INC., Docket No. 7979/2010 (NY Sup. Ct. Oct 2010)
    FRYDMAN AND COMPANY v. AAA AUTO CARRIERS Docket No. 603924/2001 (NY Sup Ct. Aug. 2001)
    FRYDMAN AND COMPANY v. CORBETT TOWING Docket No. 124043/2001
    FRYDMAN AND CO. v. CREDIT SUISSE FIRST BOSTON, Docket No. 605549/1998 (N.Y. Sup. Ct. Nov. 1998)
    Lo-Temp, Inc. V Jacob Frydman, d/b/a Jacob Frydman TV Enterprises Index No.26386/95
    Kenneth Sustin v. Jacob A. Frydman
    STEPHEN J. FEIN, V JACOB A. FRYDMAN, SCQ 2089/98
    U.S.A. v. Best GC, Inc., et al
    Ganfer & Shore V Frydman (AAA Case No. 13194174011)
    Philips Credit Co v. Frydman, Jacob, 1987-042915-CA-01 (Fla. Cir. Ct. Oct. 01, 1987)
    Willis Trevor v. Pier House Motel Inc., 1988-042078-CA-01 (Fla. Cir. Ct. Oct. 05, 1988)
    Federal Savings v. Frydman, 9:94-mc-00011 (E.D.N.Y. Jan 25, 1994)
    Sunny Isle Dvlmt, Corp. v. Frydman, Jacob, 602854/1997 (N.Y. Sup. Ct. June 04, 1997)
    Doral Money Inc. v. Savoy at Staten Island LP., 602854/2003 (N.Y. Sup. Ct. Sept. 10, 2003)
    Home Design Services v. Lake Diamond Association, (Frydman) 5:03-cv-00347 (M.D. Fla.
    Central States, et al v. Joseph Feldman, et al., 1:90-cv-01920 (N.D. III. Mar. 06, 1990)
    Savoy Senior Housing Corp (Frydman) v. TRBC Ministries, LLC., 1:08-cv-08874 (S.D.N.Y. Oct 16, 2008)
    JC Studios Brooklyn II, LLC, (Jacob Frydman) v. Chase Home Finance LLC, 115626/2010 (N.Y. Sup. Ct. Dec. 02, 2010)
    Bank of America, N.A. v. J.C.S. Realty, LLC, 30596/2010
    Diamond, Scott v. Tunnel Associates, LLC 156600/2012 (N.Y. Sup. Ct. June 24, 2012)
    Kiphart Richard P v. Frydman, Jacob, 2012-L-010840 (III. Cir. Ct. Sept. 24, 2012)

Just ask any lawyer to do a search on Lexisnexis

Frydman knows how to use LLC's and corporations to hide his fraud and deception, but some (Dozens) we can still uncover in these lawsuits.

Jake has screwed dozens of banks and lenders (yes on many properties he bought and they took back, NOT disclosed in his SEC documents)

AND THE LIST GOES ON AND ON AND ON......................................

The world will see who Jake really is when he is in Jail.

http://www.marketwired.com/press-release/paf-capital-sues-for-fraud-1673348.htm

http://jacobfrydmanfraud.weebly.com/blog/jacob-frydman-real-estate-fraud

http://www.ebosswatch.com/Company/Reviews/United-Realty-Trust/1397280050/0

http://www.investmentnews.com/article/20130530/FREE/130539991/questions-raised-about-broker-dealers-financial-health#

http://www.leagle.com/decision/19941365872FSupp493_11298.xml/CENTRAL%20STATES%20PENSION%20FUND%20v.%20FELDMAN

http://finance.yahoo.com/news/paf-capital-sues-fraud-222200609.html

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Re: United Realty Trust Lawsuits

Postby United Realty Trust » Fri Sep 12, 2014 11:20 pm

This is the Filing the REIT just filed. This means that NONE of the money raised is going to real estate. It means he took out loans, preffered loans, and outside investors (NOT THE REIT) to buy the property, and put in a few dollars from the REIT.

So you ask WHERE IS THE money Jake Frydman raises???????????

He pays it to his other companies.

United Realty Capital, United Realty Advisors, and all the other United Realty Companies he can suck cash from.

READ AND UNDERSTAND THE FINANCIALS OF THIS COMPANY

PLEASE PROTECT YOURSELF FROM FRAUD

Closing costs were approximately $669,700, prepaid expenses and escrows were approximately $196,000 and fees paid to the Advisor were approximately $248,000. Closing costs included $362,000 in supplemental transaction-based advisory fees for financing and equity placement paid to United Realty Partners, LLC (“URP”), an entity controlled and indirectly owned by the Company’s chief executive officer and secretary. We funded the acquisition as follows: (i) $10.3 million with a new first mortgage loan secured by the property; (ii) cash from our OP of approximately $3.2 million; and (iii) a $2.1 million preferred loan from a third party. The 10-year preferred loan yields a preferred return of 15% per annum, compounded monthly (increasing to 24% per annum upon the occurrence of certain events of default) and requires monthly distributions to the preferred lender. The property-holding entity must redeem the preferred loan by June 6, 2024, and has the right to do so at any time upon 30 days prior written notice. Additionally, the lender of the preferred loan may require the OP to redeem the preferred loan at any time after April 21, 2015 upon 30 days prior written notice. The cash from the OP included $1.7 million in proceeds from the OP’s issuance to two third parties of an aggregate of 17 class MB units (the “MB Units”) of limited partnership interest. The OP issued 12 MB Units to one of the two investors in consideration for a capital contribution of $1.2 million. Such 12 MB Units must be redeemed by the Company in November 2014 for $1.32 million. The OP issued five MB Units to the other investor in consideration for a capital contribution of $500,000. Such five MB Units entitle the holder thereof to an annualized preferred return of 10% on the amount of the capital contribution, and must be redeemed by the Company in May 2015.

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Re: United Realty Trust Lawsuits

Postby frydmanfrauds » Fri Sep 11, 2015 9:31 pm

DISCLOSING FRAUD IN ITS LATEST 10Q


Commencing in January 2014 and continuing through May 2015, the Company exceeded the authority granted to it under its charter when it advanced funds to the Advisor and its affiliates. During May 2015, our management identified a material weakness in our entity level controls and procedures related to making these advances to affiliated entities during the period from January 2014 through May 2015. Accordingly, management reevaluated its previous conclusions on the effectiveness of our entity level controls and procedures as of each reporting period during the year ended December 31, 2014 and determined that this material weakness had also existed as of those dates. As discussed in Note 10 to the consolidated financial statements, following the identification of this material weakness in May 2015, the Advisor and its affiliates and the Company took steps such that the Company is no longer advancing funds to the Advisor and its affiliates.


THE 5th CFO CATCHES JACOB FRYDMAN, REPORTS IT, THEN GETS FIRED
Read more: http://www.getfilings.com/sec-filings/150520/United-Realty-Trust-Inc_10-Q/#a_015

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