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Mincom Realty SystemKen
Mincom Realty SystemKen Thompson, President Of Mincom Realty System - Ken Thomspon scam Real Estate Appraisal and Fraudulent Investment Financing u
13th of Sep, 2011 by User317575
would like to submit a story to your scam Report.


The matter has to do with a Real Estate Appraisal fraud and investment that is being done by Ken Thompson, President and a Real Estate Broker of Mincom Realty system Inc. 755165 Ontario Inc. with its Head Office based in Peterborough. His home on the lake just out side Peterborough where I have been and seen where evey ones money is sitting andy one want to know how to get there I will tell you hotmail. ca


I feel quite strong about this story and which I hope will shut him and end his ways of bullsh*t well as raise a few eye-brow with respect to this person is blatant and fraudulent activity do this to people on a daily.


The manner in which this fraud is being committed, would be under the disguise or claim that he's a licensed accredited appraiser (AACI) with the Ontario Association of the Appraisal Institute of Canada and with him being a Real Estate you would tend to automatically believe him. I had My lawyer and his lawyer put all the paper work together and I had to pay for that as well. this do some times so no big deal. It all the other stuff he dose.


He would also make claim that he could provide construction financing for any size development project in Canada or internationally with a minimum amount of paper work required as opposed to a traditional lender such as a bank, and

could provide financing within 48 to 72 hours.


He would however require that an appraisal fees be paid up-front by cash or money order to him personaly and must be couriered to his office in Peterborough via Purolator.


I needed $250,000 construction loan short term. We had it all laid out with lawyers and all. With 3 payout over a scheduled time line. His appraisal fee charge are exuberant $10,000 to him and then a percentage of what he lends you so 5% of 250,000 right off the top such as in my case. So what ever part of doing business. I bought the land and stated building the homes with my money. When I got done to the stage of the first draw that was laid out and signed he said to me no your not far enough alone I showed him the documents and he just said no.


So I went to my lawyer and told him he said well there was nothing nhe could do but fire off a letter and then go back and forth and we then sit and then he could just take the properties at some point because he has lots of money and that’s what this guy is like get it half done and take the property from you. So I found other money and continued so he could pay me mine. put he only gave me 10,000 at a time and charged me $ 900 to do this every time. So as you will see

after about 8 time asking him for money this adds up and slowed down the project a lot . So after three 3/4 the through I ran into a cash problem and he did not care. I had to fine another lender . This was more time. and more fees.

I did fine the right guy but by then I was screwed and to sell them at a loss and lost all my money $180,000 So If anyone want to help me get him email me you will see it at the top of this below is some one that had this done to him as well



The project in question had to do with the propose development of the Buccaneer Island Adventure Theme Park and Hotel Resort www.buccaneerislandadventure.com


However, upon returning to Canada, and having become very suspicious of his behavior, I decided to look into his credentials as claimed. It was discovered upon contacting the Ontario Association of the Appraisal Institute of Canada, that he was licensed in 1992, but left in 1994 and has not been an active member since, and is prohibited from providing any form of real estate appraisal services in Canada or any other country for that matter, and thus would be invalid or of no merit.


However as a means of ensuring that this type of practice by this individual become exposed, I would like to submit this story to scam Report.com to fully expose this individual fraudulent business practice which I'm sure consist of a long list of individual who have been taken by Mr. Ken Thompson.


I would like to thank you in advance for your time and indulgence in this matter and hope that you will yeild to this warning and not become another victim of fraud by Ken Thompson.


In the event that you are the victim of this person fraudelent buisness practice. Please contact the following Law Enforcement Agency contact below to file a formal report. Thank you.


Corporal: Mona Eichmann, Royal Canadian Mounted Police(RCMP)
Commercial Crime Division




Tel:(905)876-9647



Fax:(905)876-9757



[email protected]

Sincerely,


Bobcaygeon

&

Yusuf



Whitby, Ontario Canada

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