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FIB - Scams 101

Re: Red flag for me - one simple phrase

Posted By: George Tacknew
Date: Wednesday, January 9, 2008, at 11:59 p.m.(pst)

In Response To: Red flag for me - one simple phrase (Bill, the Roadie)

MILI GROUP IS OPERATED LIKE A CULT.

THEY USE CULT (Methodology and Tactics) to get you to relinquish your
hard earned money (your equity) and stuff you with adjustable rate
'power' option mortgages. The typical member joins and is prodded
to get licensed so they can make money off their own deals (but the
upline makes up to a 30 to 35% cut) on whatever the "new
recruit" does, which is inevitable self-consumption into overpriced
"junk" that Developers cannot sell, overpriced with high commissions
for the upline, because it takes "time" for the sucker to get a license
so that he has to only earn points.

They also have an illegal payment scheme called Mili Group Lending
in which they pay illegal commissions to unlicensed people and
disguise it as W-2 - or processing income, when in actuality
it is an illegal payment to non-licensed people.

They also have an illegal pre-licensing scheme in which a person
is paid x amount of dollars and received a certificate for pre-license
that he using in the California licensing process.

They have a scheme in which they defraud Mortgage Lenders using phony
documentation to buy multiple properties. Then the Agent acts
as a loan officer, realtor, principle, at the same time.

The truth is that the CEO Cuong Do has been hiding money in offshore locations
(using a certain employee that has been taking several international trips)
in anticipation of some major class action lawsuits from previously defrauded
investors.

Basically the guy Cuong Do is a crook. Stay away from him with a 25-foot pool
Mili Representatives.

Here in San Diego, we know all about this guy.

>> That's it. No need for me to read more. No legitimate operation needs
>> to wrap its participants or staff in that precise phrase. It's all
>> psychological manipulation.

>> The religious slant is also (for me) a negative connotation, since
>> I've investigated a dozen or more Christian-claiming programs that adhered
>> to everything except the "do not steal" stuff. I guess it's OK
>> to steal from non-believers?

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(you know who you are... you scream "Foul!" when the truth comes out)
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