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TMG Ventures Tony Schwartz Investor Alert.

Tony Schwartz who runs TMG Ventures

has been ripping off investors by putting out materials to victims that state “Your investments are not in any way at risk due to our changes”.  Tony Schwartz has repeatedly promised to repay the victims and has never followed through.

TMG Ventures, INC. states on LinkedIn.com

“Invest into pre-foreclosure real estate throughout US.  Assist investors in attaining high yields by investing into properties that were facing foreclosure.”

The Oregonian states,

“The Oregon Department of Consumer and Business Services issued a cease-and-desist order and assessed $250,000 in fines against Anthony “Tony” Schwartz and two businesses he controlled for selling interests in foreclosed homes he seized in a complex foreclosure-rescue operation.

Schwartz, who owned REI Exchange LLC and TMG Ventures Inc. in the Portland area, raised nearly $850,000 by convincing buyers to purchase fractional interests in real estate “land trusts” from the sale of homes seized from owners unable to repay their loans. Schwartz, who was not licensed to sell securities, falsely represented that the unusual, unsecured investments were safe. In addition to the fines, Schwartz is prohibited from raising capital, formally or informally, from other individuals for use or investment on their behalf.

“I urge homeowners facing foreclosure to be careful when seeking assistance,” said David Tatman, administrator of DCBS’ Division of Finance and Corporate Securities.

According to Tatman, Schwartz lent money to struggling homeowners, some facing imminent foreclosure. In exchange for the home’s title, Schwartz made payments on behalf of the homeowner but would take the home when the homeowner failed to repay the loan. Schwartz claimed the right to seize and sell a house and then pocket significant equity.”

We advise everyone to stay away from TMG Ventures Tony Schwartz and to contact us here if you have been victimized and/or have any information about him.

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