Paragon Investors Of Santa Monica - Scammed by Andrew Broeren and Paragon
This guy Andrew Broeren marketed USA properties for sale with 3 year rental guarantees so that the owner has income even if the properties were not rented out. Then, as soon as he had sold all his properties, he shut down the company that issued the guarantees so none of the property owners could collect the rental guarantee money. So we are left with properties that we paid above market price for, and no rental guarantee. What a scam. Surely selling properties with guarantees attached in the knowledge that you have no intention of honouring those guarantees is illegal? Avoid this person and Paragon or whatever he calls his next scam operation.
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