On November 6, 2020, the Court held a hearing on the Receivers Motion to Approve Sale of the Silver Saddle Ranch and Club. The day after filing the Notice of Appeal, High Plains Mesa Holdings and High Plains Mesa Management filed for bankruptcy. Did we Debbie? And said he immediately got a weird vibe from Silver Saddle. EMILY GUERIN: Oh wait, you know what, can I actually buy a mug? MICHAEL VIERNES: My name is Michael Viernes, and I'm from Union City, and I happened to go, went, I went to Side Saddle Ranch about a year ago if I'm not mistaken. We will update again after September 15, 2023 status hearing or before if events merit. The home health nurse who had to choose between paying Silver Saddle and buying chicken, eggs and milk. The Court determined that the Receiver had shown it was necessary to sell the Ranch, given the ongoing maintenance costs and the limited funds remaining to pay them. marian ducreux silver saddle chennai to trichy distance and time. Marian Ducreux Real Estate Broker at Silver Saddle Ranch B. Gordon and Exhibits, https://www.loopnet.com/Listing/20751-Aristotle-Dr-California-City-CA/19775266/, https://www.loopnet.com/Listing/Rutgers-Rd-Kennedy-Blvd-California-City-CA/20743529/. Once the Court has approved and issued the Order of Final Determination of Claims and First Interim Distribution, the Receiver will make a first distribution. August 5, 2020 Cancellation of August 19 Hearing on Receivers Motion to Approve Sale of Silver Saddle Ranch and Club. EMILY GUERIN: What do you mean she's an independent contractor? Will Orange County's Fledgling Clean Power Agency Survive? Importantly, the Receiver intends to request the Court authorize that the Galileo Project vacant land be conveyed with a clear title and free of the Galileo Project investors fractional interests. Call (334) 382-3819 to book an appointment or to hear more But much of the land they bought is nearly worthless. used kompact kamp mini mate for sale. We saw the cottonwoods and sycamores that crowd the shore of Lake Maney. MICHAEL VIERNES: It usually never floods here. I knew Tom was there during the Federal Trade Commission's investigation. The trees that line the shore of Lake Maney, which is named after Silver Saddles long-time owner, Tom Maney, are home to flocks of migrating birds. The Court will hear the Motion in a telephonic hearing on March 19 at 9:00 a.m. Because whenever I asked about it, they wouldn't talk. EMILY GUERIN: Dude, I'm telling you. Now, the California Department of Business Oversight has accused the company of Plus, Ben becomes part of Silver Saddle's sales machine. DEBBIE NICASTRO: I'll tell you right now. EMILY GUERIN: Really, so you think he's just kind of bullshitting me? The sale is set to close in 60 days. 9, 2021), Receiver's Motion for Proposed Distribution to Investors (Feb. 8, 2021), Receiver's 3rd Interim Status Report (Jan. 14, 2021), Minute Order Granting Receivers Motion to Approve Sale of Ranch (Nov. 6, 2020), Receiver's 2nd Motion to Approve Sale of Ranch (Oct. 13, 2020), Receiver's 2nd Interim Status Report (Sept. 15, 2020), Silver Saddle Resort Sales Brochure (August 24, 2020), Galileo Parcels Sales Brochure (August 24, 2020), Receiver's Ex Parte Appl'n for Order Cancelling Escrows (Aug. 5, 2020), Preliminary Injunction re Accelerated Assets; SS Purchco; and Pahrump Valley Real Estate Co. (July 24, 2020), Minute Order re Motion to Intervene and for Preliminary Injunction (July 24, 2020), Moody Decl. EMILY GUERIN: How'd you find out about it? So he moved in your horse power and in norco planning a little bit of millions of other upgrades. TOM MANEY: And I'm looking at pictures of the ranch right now from a helicopter. Tom never raised his voice. The local news you read here every day is crafted for you, but right now, we need your help to keep it going. The agency accused Silver Saddle, Maney, Ducreux and other defendants of securities fraud and selling unqualified securities. But they werent to blame. The Motion was opposed by Defendant Accelerated Assets and Defendant Thomas Maney. As a result, the properties continue to be marketed and listed through our real estate broker. A sale will eliminate substantial ongoing expenses. Silver Saddle Ranch and Club sits at the foot of Galileo Hill the same spot where Nat Mendelsohns salespeople took potential clients and told them to imagine a beautiful new city. Tom Maney. The guys from Solid, who were L.A. originals. But you know, at the other side, I actually, just, didnt want to make him feel so bad because he did invest a lot of his money and he really believed in this endeavor. We saw the model homes in that weird half-built neighborhood. The Receiver determined that it is necessary to reopen the sales process and allow all interested parties to present their best and final offers. I went through with it because, at that point in my life, it was just easier to say yes than to say no. From the posts over time and based on my own research into the issue, there are several things that are apparent: 1. As such, the Receiver accepted the offer and will soon seek Court authority to sell the Galileo Project land. We can't hold those in power accountable and uplift voices from the community without your partnership. Each investor who submitted a challenge has been contacted by mail and email explaining the Receivers review and determination of their challenge. Many were young couples and hard-working immigrants looking to build a better future. A copy of the listing brochure is posted in the documents section. Forever. We want to make sure no one else is harmed and to recapture as much of the investors money as possible.. As the Receiver mentioned in his last update, the same proposed buyer who offered $2,100,000 for the Ranch also offered $900,000 for the Galileo Project vacant land. The hearing originally set for August 19, 2020 on the Receivers motion to approve the sale of real property owned by Silver Saddle Ranch & Club, Inc. has been taken off calendar. The listing is available here: https://www.loopnet.com/Listing/20751-Aristotle-Dr-California-City-CA/19775266/. You know, I mean, I, its, its the way I live my life. I think they deliberately confused him with their sales pitch. plants vs zombies can't connect to ea servers ps4; carpet fibers in lungs; bourbon display ideas; macomb county morgue death; drag my wedding controversy; vice governor in pampanga; louise pentland . The Receiver has filed a Motion to Approve the Sale of the Ranch and an Application to Shorten the Time for a Hearing, asking the Court to hear the Receivers Motion to Approve the Sale of the Ranch on July 16, 2020 at 8:30 a.m. via CourtCall. Clifford J. Reynolds of Pasco, Washington; Marian G. Ducreux of Corona, California; and Wayne A. Pedersen of Sequim, Washington are identified as relief defendants who allegedly received ill-gotten gains from the scheme. EMILY GUERIN: They can eliminate as much of these problems as Im mentioning. While many individuals have requested refunds, whether refunds will be issued depends on the outcome of the case and will be an issue for the DBO and the Court to resolve. She was Tom and I was me. The Receiver selected Kidder Mathews as the real estate brokers to market the Ranch property, and the listing went active on May 8, 2020. TOM MANEY: I'm saying they may not. The Receiver will use proceeds from the sale to pay expenses of the Receivership Estate and provide a first distribution to Silver Saddle investors. EMILY GUERIN: Michael is kind of like Bens big brother. 11 months later, we split up. To check the status of this licensee, visit Financial Services and Mortgage Lending Licensees Search. It's the majority, actually. EMILY GUERIN: But Marian did write it. The multi-family homes were red tagged by authorities late Wednesday. Oh my god, I want to do this. how to rotate a video in onedrive; waterford news and star deaths; vincent jackson funeral We just don't do it. The Vietnamese refugee who trusted Californias laws would protect him from scams. While we have carefully considered the concerns raised by these investors, they do not have legal standing to object to the sale of the Ranch. EMILY GUERIN: Michael sat through the sales pitch and thought to himself, these people are liars. So afterwards, he pulled Ben aside, and he kind of reprimanded him. SilverSaddle Marian is on Facebook. EMILY GUERIN: Okay, but is Silver Saddle bound by that FTC judgment? January 17, 2020 W-2s for Former Employees. In addition to Maney, Silver Saddle Ranch & Club, Inc.; Silver Saddle Commercial Development, LP; and the Galileo Commercial Property Owners Association, Inc. are named as defendants. My palms were all clammy on my microphone. On September 28, the Receiver agreed to a sales price of $2,100,000 for the Ranch. But thats the level of fear that people have when they talk about it. Based on an independent appraisal prepared for the Galileo Project Land, the Receiver believes the price is more than fair and reasonable. I dont know where to go. Huskisson Recycling and Waste Depot. Each investor will, however, receive a part of the proceeds from the sale proportionate to the money he or she paid for the property, as described in the recently distributed Claim Determination letters. The property was split into 4,000 fractionalized interests to sell to investors. Because of these ongoing costs, we determined selling the Ranch is in the best interest of the Receivership Estate. EMILY GUERIN: When I got inside, Michael offered me cold water, Jameson, coke or Nescaf. How else could something this bad have gone on for so long? Sometimes Marian goes by various nicknames including Marian G Ducreux, Marian Galang Ducreux, Marian G Tajo, Marian Ducreuex and Marian G Ducreaux. In other words, Investor A provided 20%, Investor B provided 50%, and Investor C provided 30% of the total investment. Doubt everything that I had learned, which was a lot. It's good to see you. TOM MANEY: Well, she's an independent contractor. Just another site who dismissed justice sajjad ali shah; jackson high school soccer; do military jets leave contrails EMILY GUERIN: So many people told me they felt like Silver Saddle had scammed them. Share your feedback. Silver Saddle Commercial Development, LP, et al. 'active' : 'js-change-currency' ?> //= plugin_dir_url( __FILE__ ) . Or ostracized. He didnt give up. Family Says Mental Health System Failed Their Son, A Los Angeles Family Seeks Answers And Accountability After Black Mom Dies In Childbirth. We only received 43 challenges and examined each of these challenges carefully. As we previously reported, even though operating expenses have been reduced, maintaining the Silver Saddle Ranch and Club (Ranch) continues to drain the limited resources of the Receivership Estate. Which is how he ended up ensnaring his friends. For the latest national news from NPR and our live radio broadcast, visit LAist.com/radio. As such, while we have carefully considered the concerns raised by these investors, they do not have legal standing to object to the sale. $5.60 shipping. He was wearing a short sleeve polo shirt, and I think I saw a tattoo peeking out on his right arm. Great Family Events like Night Swims and Family Fun Day with a DJ. st lawrence county police blotter; how soon after gallbladder surgery can i get a tattoo; taurus horoscope today and tomorrow; grubhub acquisition multiple The Ranch is listed for $1,874,500. For the five-month period of September 2019 to March 2020, water, electricity, labor, and insurance costs for the Ranch was approximately $230,000. Based on everything Ive learned about Silver Saddle, from dozens of people who visited or bought in, I do think Silver Saddle took advantage of him. Starting in 2011, Maney and the other defendants allegedly targeted unsophisticated investors in ethnic communities through supermarket raffles and social media. Any investor who challenged the claim determination and disagrees with the Receivers final determination may submit an objection to the Court within 14 days of the filing of the Receivers Notice of Final Claim Determination and Proposed Distribution. EMILY GUERIN: We actually had some at the Best Western, but thank you. Its an open secret. Importantly, the Receiver intends to request the Court authorize that the Galileo Project vacant land be conveyed with a clear title and free of the Galileo Project investors fractional interests. So I said sure. TOM MANEY: That's a requirement of you coming to the ranch. But we say long term. The Court also determined that the Receiver had shown the current offer was fair and reasonable. Or was he just trying to make as much money as he could, the only way he knew how? EMILY GUERIN: A lot of people had told me about these kind of wild claims that the real estate agents make during the sales pitch. The Attorney Generals office didnt immediately respond to a request for comment. The Receiver also filed a Response to the Motion to Intervene filed by Antonio Garcia and Carlos Novelo. I was still sweaty. In my podcast California City, I told the story of a small town in the Mojave Desert where, for more than six decades, salespeople have been peddling nearly worthless desert land to unsuspecting people. The host and a team of producers worked hard to make the podcast sound its best, and this transcript cant capture all the voices, emotion, intonation and atmosphere in the original audio. is kikiam good for dogs is kikiam good for dogs is kikiam good for dogs As a result, Investor A has a claim for $200, Investor B has a claim for $500, and Investor C has a claim for $300. The letters explained how to challenge the Preliminary Determination if an investor felt the determination was incorrect. JUNE SUGASAWARA: We thought it was a golden opportunity and we were going to make millions off of it. As explained below, if you disagree with the Receivers determination you must contact the Receivers office by mail or email on or before April 8, 2022. Afterwards, I went back and I read all the transcripts of all the interviews Id done with people who bought into Silver Saddle. JAMES KIM: Just looks like a Western film with the white clouds and the slightly rainy clouds in the sky. I know thats what hes wanted this whole time. This car is no good. For decades, real estate developers have sold a dream here: if you buy land now, youll be rich one day. At that time, the Receiver will also file a Notice of Final Determination of Claims with the Court. The escrows for the Ranch and Galileo Project property have been cancelled. The defendants used high-pressure sales tactics and false information to sell the investments. Oh, that's great stuff right there. We will provide an update if the trial date changes. Marian has 1 job listed on their profile. The Top 5 newsletter catches you up with LAs top 5 stories in just 3 minutes. He didn't just stop with us. TOM MANEY: I just think thats a terrible thing to say. Wed obsessed about this interview for days. It was actually a little baffling how welcoming they were, given what we were there to do and what we were about to ask them. About the Licensee status. is robin roberts married to amber laign . The last 5 digits of the account number represent the investors unit number. Its not. Now I'm locked in. Investor payments will be made by check. 2 connections . Retee 46, 4220 kofja Loka (04) 513 85 21, (041) 335-841 On April 15, 2022, the Court held a hearing on the Receivers Motion to Approve the Sale of the Galileo Project Land. I asked him if he felt like he was complicit. KEN DONNEY: You hear me, Tom? The lowest water bill was $4,339 for mid-March 2020 to mid-April 2020. And lets assume the receivership has $100 to distribute to the investors. Please continue to check the Receivers website for periodic updates. On May 25, 2022, the California Attorney Generals Office filed criminal charges against a number of people in connection with the Silver Saddle Commercial Development-Galileo Project. Marian G. Ducreux; Clifford J. Reynolds; and 13, 2020), Amendment to Complaint Adding SS Purchco, Kvassay, Huebner (Feb. 5, 2020), Amendment to Complaint Adding Kelly Maney (Dec. 5, 2019), Amendment to Complaint Adding Maria Rosales (Dec. 5, 2019), Temporary Restraining Order (Sept. 24, 2019), Motion to Approve the Sale of the Galileo Project Land, Declaration of Cornelia J. He was shocked to hear the news of the criminal charges. July 10, 2020 Offer to Purchase Silver Saddle Ranch and Club. EMILY GUERIN: This is my colleague James. On March 4, 2022, the Receiver filed a Motion to Approve the Sale of the Galileo Project Land. 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