Romspen Investor Fraud Victims Who Feel They Have Been Defrauded By Romspen May Be Entitled Compensation
ATTENTION ROMSPEN INVESTOR FRAUD VICTIMS! Are you a senior citizen who invested their pension or retirement savings with a fund controlled by Romspen Investment Corporation? Do you want answers for the following questions:
- Why has Romspen deprived you your full investor redemption payments for nearly half a decade?
- Why are Romspen executives are sitting high on the hog? Yet, Romspen hasn’t paid you your full investor redemptions in over 5 years?
- Romspen’s financial filings with the Canadian government show Romspen has had an 8% profit every year since 2019. Yet, they won’t pay you your full investor redemptions?
- Why is Romspen using your investment to fund projects that do not create revenue?
- How much money is Romspen paying it’s managers in bonuses and commissions?
Well, MFI-Miami.com wants to help Romspen investor fraud victims get their money back. MFI-Miami.com is matching victims with consumer advocate attorneys in both the U.S. and Canada to bring litigation against Romspen. Why? So, elderly Romspen investors can get answers and get their life savings back.
How Romspen is Scammed Senior Citizen Investors
Romspen Investment Corporation’s financial house of cards could soon collapse!Canadian and American retirees are always prowling the internet for ways to enhance their fixed incomes. Retirees are old school and believe real estate is a safe investment even after experiencing the financial crisis of 2008.
So, they look for companies that promise big returns on real estate. Soon they find the slick packaging from Toronto-based Romspen with promises of big payoffs.
Long story short, Romspen and their partners get these inexperienced investors all excited over the promise of big returns. The seniors fall for it and then throw their life savings at Romspen.
Unfortunately and unbeknownst to grandma and grandpa, Romspen on the surface appears to be a Ponzi scheme. However, it’s a little more complicated as to why Romspen fails to pay their investor redemptions.
Romspen’s current business model relies heavily on a steady flow of fresh flow of investor cash. This is because they need to pay investor redemptions to previous commercial loan investors. Yes, we know, it’s sounds like a Ponzi scheme.
The reason for this is pretty easy. The majority of the loans made by Romspen have gone into default due to the company’s “Loan-To-Own” scheme. As a result, the vast majority of their defaulted loans get tied up in endless litigation. Thus, not generating revenue for Romspen and Romspen investors not getting paid.
Romspen Investors Are Extremely Aggravated
It’s no surprise that Romspen investors are getting aggravated with Romspen executives. Investors haven’t received a full redemption payment since April of 2020.
It’s highly unlikely Romspen investors will see any full investor redemption payments anytime soon. Romspen Investment Corporation leadership knew what the post-Covid commercial real estate market was going to look like.
Yet, they still solicited senior citizen investors with slick and enticing sales pitches to pay investors from previous projects. Is it a Ponzi scheme? Well, that’s for the courts to decide.
Are you a senior citizen who feels you have been duped into investing with Romspen? Do you feel you you have defrauded by Romspen? Then, contact us today by going to our contact page.
Check Out These Government Websites If You Feel You Are A Victim Of Investment Fraud By Romspen
How To File A Complaint In Canada:
Contact The Canadian Investment Regulatory Organization (CIRO) At 1.877.442.4322 For More Information. You Can Also Email Them At complaints@mfda.ca
If That Doesn’t Work, Contact Finance Minister Dominic LeBlanc:
You Can Also Contact His Office On Parliament Hill At 613-992-1020 Or His Office At His New Brunswick Office at 506-533-5700.
If All Else Fails, Contact Opposition Leader Pierre Poilievre’s Office In Ottawa:
Email: Pierre.Poilievre@parl.gc.ca
Call His Office At 613.992.2772 (Parliament Hill) or 613.692.3331.
If You Are An American Citizen. Contact These Federal Agencies:
You Can File A Complaint With The Securities And Exchange Commission By Clicking Here.
Also, You Can File A Complaint With The Federal Trade Commission By Clicking Here
In Addition, You Can File A Complaint With FINRA By Clicking Here
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