REMOVAL_OF_RECEIVER

#54 Guest

/ #54 Removal of Receiver

2013-07-31 01:46

I received an email from one of the previous Financial Advisers at Western Financial Planning also in favor of removing the Receiver.

I have been reviewing the legal paperwork sent to me by the Receiver. So Western Financial bought cheap land and sold it to us at high prices and then retained the over payment of $80 million as profit and leaving me about 6-8% of what I invested IF I'm lucky to get it back. It seems to me that Western and it's representatives/advisers knew how much the land cost and how much we, the GPs, paid for the land. My next question is that in the email sent to us requesting letters to remove the Receiver (from those who sold us the partnerships)- is this okay? I believe only those without a conflict of interest should be addressing the GPs. I am withdrawing my request to remove the receivership and will be investigating whether any former employee/adviser of Western Financial should be contacting us, the victims.