DST Fraud By United Realty & Jacob Frydman

For investors investing directly in TICs, DSTs and 1031 Exchanges

DST Fraud By United Realty & Jacob Frydman

Postby frydmanfrauds » Sun Sep 06, 2015 11:27 pm

Aside from destroying shareholders in his United Realty Trust Inc., Jacob Frydman has now been blatantly stealing from his DST investors through his United Realty Funds Management LLC

READ the United Realty Trust 10Q filed on 8-14-15 on page 15, (or section 12) which Frydman shows how he STOLE ONE MILLION FOUR HUNDRED and EIGHTY NINE THOUSAND DOLLARS.

http://www.sec.gov/Archives/edgar/data/1536256/000138713115002551/urt-10q_063015.htm

Prior to Acquisition Closing, we had advanced $550,000 in cash, or the Initial Deposit, to United Realty Funds Management, LLC, or Funds Management, an entity wholly owned and controlled by Jacob Frydman, our chairman and chief executive officer, to allow it to make a deposit required by the purchase and sale agreement entered into on April 13, 2015, or the PSA, between Highwoods Realty Limited Partnership, or the Highwoods Seller, and Funds Management pursuant to which Funds Management had the right to acquire the property located at 799 Hanes Mall Boulevard, Winston-Salem, NC, or the Hanes Property, for $15.3 million. On July 23, 2015, Funds Management assigned its rights and obligations under the PSA to UR Hanes, DST, or Hanes DST, a Delaware statutory trust sponsored and controlled by Funds Management, such that Hanes DST would pay $16.3 million for the Hanes Property. The $1.0 million difference between the purchase price for Funds Management and Hanes DST represents the $1.0 million fee for assigning Hanes DST its rights and obligations under the PSA that Funds Management is entitled to receive in connection with the transaction that has not yet been paid, or the Assignment Fee. The Assignment Fee will be fully earned and payable by Hanes DST at the Acquisition Closing. In addition, an acquisition fee of $489,000 will be due to Funds Management at the Acquisition Closing.

The broker conned into this transaction was from John Arthur Doane http://www.detwilerfenton.com/

DONT FORGET YOU HAVE BEEN FOREWARNED ABOUT JACOB FRYDMAN - DO YOUR HOMEWORK, LOOK AT THE HUNDREDS OF LAWSUITS AGAINST HIM RELATED TO FRAUD

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Re: DST Fraud By United Realty & Jacob Frydman

Postby frydmanfrauds » Sun Sep 06, 2015 11:30 pm

THIS IS THE FRAUDMAN - JACOB FRYDMAN

Minus a few pounds as he has been changing his look recently

BEWARE

Jacob Frydman united realty trust_fraud -.jpg
Jacob Frydman united realty trust_fraud -.jpg (65.37 KiB) Viewed 1583 times

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