Since when are advertisers “partners” that are involved in operations? Regardless of your contract, you knew GCS was inappropriately paying affiliates upfront out of the clients fees that were supposed to be placed into trust funds. This is a violation of California Real Estate law, and even if you and ML didn’t agree with the law, did not give you liberty to ignore DRE regulations nor did it give you the right to assure the company was compliant when you personally knew GCS’ advance fee agreement was not approved by the DRE and why it was not approved based on the letters I was shown in January 2009.

What you need to understand is that I am not posting information on this issue to be malicious. I am posting information because ML Implode, et al refuse to come clean on this issue and notify the public of the issues concerning GCS. Your endorsements are still accessible on Google and on the ML Forums. Although Andelman quietly removed GCS from his trusted firm list, there is no information posted regarding CA DRE and CA Bar actions against the company excluding a comment on Andelman’s blog not too long ago that actually defended the company.

I’m not saying anything that is not true and cannot be confirmed through publicly available emails and/or be supported through records of prior communication which I will be more than happy to email to Moe.

Randall, you have been telling me I was wrong about the company from jump street. Even after the CA DRE D & R Order and Accusation. The reality is that I should have stuck my neck out further earlier because it might have saved borrowers from being scammed. Just this week, I received a tip from a GCS client who has found the same people she worked at another modification company at GCS’ most recent location. I am not done checking out the company, but the reality is that the industry has become predatory and as soon as one company and website closes, another opens.

Now, if I claim that a “Watch Dog” organization promoted a company despite significant red flags and that organization did not notify the public that significant compliance issues had arisen, and I state that the actions of said organization were contrary to the public’s interest, am I defaming the company by bringing this to the public’s attention?

As to the article, I agree it should not have been published or continue to have been published once the issue was no longer germane. Although the article was initially published prematurely so that it could be viewed by an ML employee, you did personally review the final article before it was published. What I did not understand when I wrote the article(s) was the concept of fair and balanced journalism.

But that brings us to the question of what is appropriate and what isn’t. Is it appropriate to publish negative information about legally compliant companies for the “good of the public” while knowingly promoting a company that, according to CA BAR and CA DRE standards, was not compliant? Is it appropriate to continue to campaign against the legally compliant company (or companies) after the issue is mute while the non-legally compliant company continues to operate under the radar? From an ethical perspective, it seems wrong to me.

Regardless, just because ML Implode chose to defend the article does not obligate me to go along with ML’s advertising decisions nor does it obligate me to look the other way.

You have made a variety of posts and comments against Curt Melone et al now that the money has been shut off. Where was your concern when the money was flowing?

1. At what point did you become aware that there were irregularities?

2. Once you were aware of the irregularities, why did you not warn the public who may have relied on your earlier endorsement?

As far as this site goes, Moe can delete any comment I have made or refuse to publish any comment. But Moe is also the only person and media source who put his neck on the line to notify the public and has been doing so for months despite retaliation and character attacks that were launched on other blogs.

But you do bring up a good point, and that is that in order to protect Moe, I should provide him with all the documentation and email correspondence, and PMs for CYA purposes.

Moe… Krista did this to MLI… published something she should not of (http://s3.amazonaws.com/iehi-img-mli/article/penobscot-20081008/complaint.pdf)… be careful… that faux pas cost tens of thousands!

Loose canons!!!

Forgive me, but my “free speech” was not worth thousands of borrowers getting ripped off to finance a defense. Especially when the “free speech” damaged the reputations of legally compliant businesses and inaccurately impacted an important issue. What I mistakenly thought was protecting taxpayers actually cost the taxpayers billions.

You, Aaron Krowne, Andelman, Steve Dibert at MFI Miami, and I know the lengths I went to in order to stop all of you from promoting illegal modification companies. I saw this coming in January 2009 (which is when I advised you and Aaron of serious compliance issues involving GCS), but all of you willfully promoted the company and made assurances that the company was compliant. Even worse, Aaron had the cojones to suggest that I was not a “team player” for pointing out the compliance issues that were as plain as the nose on your face.

Now you have the cojones to claim that ML Implode dropped GCS because you were only paid on 9 files when your account submitted 95 files??? Perhaps you should put down the rocks glass because you just revealed that ML Implode got paid when mods leads were SUBMITTED, not when they were closed. Otherwise, the discrepancy would not have been so obvious. If you were paid on COMPLETED mods, your accounting would not have so, how shall we say, precise?

You have a DRE license, and I know I have been a broken record about how client funds could NOT be disbursed until the funds were earned, i.e. completing the work. But you and everyone else didn’t care about the law. You KNEW you could NOT be compensated, nor could any affiliate, until the work was done. But that apparently didn’t matter when the checks were rolling in from your “partner”.

When I found out that referral fees (or paid leads as you were calling it) were being disbursed from borrower’s funds BEFORE the work was complete, I was appalled. I even told all of you that the business model unnecessarily increased the costs of the service through unearned referral fees.

But you know what all of you really cared about? You cared about the long tall green. So take your “watch dog” spiel and stick it where it is appropriate. Even now, you are only speaking out of bitterness due to getting beat out of close to a $100k (according to your prior comment on this site).

$20 M in losses did not occur overnight which means that you had you hand in the pot long before things went sour for you to know that. But your buddies aren’t just into loan modifications, and also have their hand in investments. ML Implode also had their hands in bulk REO. But you don’t have the back bone to speak up on this.

It is only a matter of time until the investments go south, and you better believe that this is a whole other level of crime you don’t want to be caught in. I highly suggest you contact the regulators and make a deal while you still can. If you think I’ve been aggressive in exposing this scam involving all of you, wait until I get the email from someone making $60,000 a year that lost their retirement account. I’ve already received information from someone who lost 6 figures, and I armed them for bear to go to the FTC.

As far as I am concerned, all of you are responsible and should be held legally accountable for defrauding the public.

I still get emails from a GCS client (and alias companies) and they are all saying the same thing. Yet there is still not one word out of ML Implode or Andelman, nor an honest word out of Steve at MFI Miami. Just because GCS paid you and you didn’t steal the money directly from clients, doesn’t change the fact that you are all a bunch of crooks who chose to look the other way for money.

Daniele, it would be extremely helpful if you would provide information on your case to serve as motivation to others to seek their legal remedies.

Sorry… I don’t think I was fired… it was a mutual parting of the ways… traffic at the Implode-O-Meter has gone from 100k to 12k per month… it’s over, yes?

In regards to ‘strong arming’ lenders, MLI “morals” has paid and supported over $50k in legal fees defending all of our rights to free speech and privacy… MLI’s standards are still to this moment next to sainthood… our content or integrity cannot be questioned in my books. My personal knowledge of ACS at the time of our promotions showed an impeccable record of client satisfaction.

The ‘Meter was paid for advertising by GCS, and we did stop advertising when we discovered accounting irregularities… (one account submitted 95 mods… we were paid on 9). DOH!

Yes I am older than 50… and yes, my personal conversations and beliefs put ACS in my good books.

So whoever you are… you’re just plain full of shit, yes?

And Green Credit Solutions, Guardian Credit Services, Curtis Melone, and Christopher Fox have STILL taken what I estimate at 20 million dollars from people with a very small success rate for loan modifications.

I really like the response from this (anon) poster… the facts must be hitting some MAJOR nerves! If that post is from Chris Fox or Curt Melone, could you tell us what your next step is?

[NOTE to readers: Curt has emailed me before and miss-spelled "untill" in the same fashion... I think it's really him]

Christopher (Chris) Fox does not own 6 Via Corsica, Monarch Beach… he is a renter. Those seeking more info can always contact me: randallmarquis@gmail.com

I believe the facts of Green Credit Solutions and Guardian Credit Services are going to follow these guys around until people have been paid what’s owed.

I’m quite confident there will be more headlines coming soon.

If you click that link above for the Broker, you’ll see a little notation on his record that says “R-4422.” That’s the recovery action. And all you need is a Judgement.

On the other hand, if anyone out there actually has retained an Attorney, I would be interested in them finding out what the California Bar Assoc. did with the funds in the seized bank accounts!!! There must be SOMETHING left!

Me? I’m waiting for an ‘Open House’ event at 6 Via Corsica, Monarch Beach CA (the house that Chris Fox rents)… there may be some files and stuff laying around there, huh? [Here we come Chris!]