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Eddie Hobbs Backs 'Service Provider' Facing Charges Of Fraud. Number Of Complaints Set To Increase.

category international | consumer issues | opinion/analysis author Friday November 01, 2013 18:22author by Helen Prentice Report this post to the editors

In May 2013 TV Star Eddie Hobbs' Company, Brendan Investments, publicly backed Metro Property Group in Detroit following news reports of a multi-million dollar lawsuit filed in Federal Court against Metro.The statement, published on Brendan Investments website, claimed that Metro Property Group had been transparent with them and they had no cause for concern.

In May 2013 a muti-million dollar lawsuit was filed in Federal Court against Metro Property Group Detroit, along with others connected to it. Papers filed in Court at the time suggest a partnership between Eddie Hobbs' company, Brendan Investments and Metro Property Group. The Director of Brendan Investments, Hugh O'Neill, stated that there was no partnership and referred to Metro Property Group as "one of it's service providers". At the same time a statement was published on the Brendan Investment website supporting Metro Property Group and reassuring investors that there was no reason to be concerned about the integrity of Metro.

This reassurance could now be considered misplaced given that the former UK agent for Metro Property Group, USA Property Direct, who sold scores of the company's properties in 2011/2012 to investors all over the world, ceased trading following a deluge of complaints from former investors who allege that Metro Property Group has scammed them.

Metro's new UK partner and replacement for USA Property Direct, Axis Property Investment, ceased trading in August 2013. Various blogs on the web put this down to threats of litigation from investors who purchased US property through the company. The now defunct company is still featured on Metro Property's website, in a painful promotional video, encouraging investors to buy into this bankrupt city.

A third UK company who marketed Metro Property Group's homes in 2011, Experience International, is also alleged to be facing litigation from investors who believe they were the victims of fraud.

Quest Property Services, a real estate agent in Abu Dhabi, severed all ties to Metro Property Group in 2012 when the Managing Partner, Peter Samaha, became aware that the properties sold by Metro Property Group were not refurbished or tenanted, as claimed, and that leases provided to his clients by Sameer Beydoun, the CEO of Metro, were most likely forgeries.

In early October of this year an owner of a Metro Property Group home was informed that the property had been scheduled for demolition under the Dangerous Building Act. At the Council hearing the attorney representing the distressed owner explained that Metro Property Group had sold the home to her client in this dangerous condition, while claiming it was fully refurbished and tenanted. It was noted at the hearing by certain Council members and a City attorney that complaints about Metro Property Group were becoming commonplace.

A respected investigative journalist in Detroit, Steve Neavling, recently ran a story on Metro Property Group in which he quoted threats made to investors by the company's CEO Sameer Beydoun and the company's Legal Counsel, Tarek Baydoun. Tarek Baydoun, an open supporter of Hezbollah, intimidated investors who demanded answers from the company and threatened some with jail terms of 20 years in a US prison.

In July 2013 Metro Property Group filed a counterclaim against two of the plaintiffs in the lawsuit in an attempt to stop them speaking about the case. It was noted at the hearing by the Plaintiff's attorney that there were a number of other cases due to be filed against Metro Property Group in the near future, all alleging the same fraud. The Plaintiff's attorney also presented evidence taken from Public Records which showed that Metro Property Group had not even been the owners of the properties featured in the lawsuit when they created the sales details and leases. Public Records also show properties being flipped on by Metro to investors, sometimes within 24 hours, making it impossible that they could have been tenanted or refurbished when the investors purchased them. In some instances the leases, which the Plaintiffs allege are forged, are dated months before the repossessed homes were even listed for sale by the foreclosing banks.

In July 2013 Eddie Hobbs was advising millionaires to invest in the devastation of Detroit. He stated that his company was investing heavily for clients in Metro Detroit. What is not clear is whether Mr. Hobbs' Brendan Investments is still using Metro property Group as it's "service provider".

 #   Title   Author   Date 
   Detroit filed for bakruptucy and robo-signing of foreclosures     anon    Fri Nov 01, 2013 20:20 
   Hobbs - Brendan Investments - Detroit     Seamus    Sat Nov 02, 2013 06:50 
   Original statement on Metro     T    Sat Nov 02, 2013 16:57 
   Areas Metro Property Group operate in.     R Woods    Sat Nov 02, 2013 18:06 
   Areas Metro Property Group operate in.     R Woods    Sat Nov 02, 2013 18:06 
   Metro Agents Facing Litigation     Jade    Sun Nov 03, 2013 05:43 
   Another agent using Metro as a 'service provider' in trouble.     TJ    Sun Nov 03, 2013 16:01 
   Eddie Hobbs     Detroit Investor    Tue Nov 05, 2013 15:31 
   Hobbs-agents of MPG     Seamus    Tue Nov 05, 2013 18:35 
 10   Hobbs and Metro. 5 Down Who Will Be Number 6?     Jade    Wed Nov 06, 2013 11:43 
 11   Metro Property Group backed by Hobbs?     Moniet    Wed Nov 06, 2013 13:52 
 12   Fellow victim     K F L    Wed Nov 06, 2013 17:48 
 13   Metro Property Group's Attorney     Michigangalpal    Thu Nov 07, 2013 07:02 
 14   America Invest     Mpj    Thu Nov 07, 2013 07:51 
 15   Metro Property Group's agents     seamus    Thu Nov 07, 2013 18:00 
 16   Every accusation in the lawsuit is backed up with hard documented evidence     Kathryn    Fri Nov 08, 2013 10:08 
 17   Metro Property Group     Seamus    Fri Nov 08, 2013 12:41 
 18   Brendan Investments.     Kathryn    Mon Nov 11, 2013 17:04 
 19   Investment required.     Kathryn    Mon Nov 11, 2013 18:29 
 20   Priceless! Metro's latest press release on their website.     KFL    Mon Nov 11, 2013 18:54 
 21   One of the many     pginbh    Tue Nov 12, 2013 04:23 
 22   Hearts and Minds Propaganda     Kathryn    Tue Nov 12, 2013 08:00 
 23   What Makki purchased at the 2013 Auctions     Nozi Parker    Tue Nov 12, 2013 08:48 
 24   Unproven     Finn    Tue Nov 12, 2013 09:05 
 25   And there's your answer straight from the horses (Finn's) mouth     Nozi parker    Tue Nov 12, 2013 09:17 
 26   Incorrect     Finn    Tue Nov 12, 2013 09:39 
 27   Brendan Investments Stake in Metro     K F L    Tue Nov 12, 2013 09:41 
 28   Soon-to-be Plaintiff actually, like a number of others.     Nozi Parker    Tue Nov 12, 2013 10:02 
 29   BI and their alleged stake in Metro     Kathryn    Tue Nov 12, 2013 10:35 
 30   Above     Finn    Tue Nov 12, 2013 13:32 
 31   Well done and keep up the good work     Nozi Parker    Tue Nov 12, 2013 14:01 
 32   Well said Nozi     Kathryn    Tue Nov 12, 2013 15:57 
 33   Tangled Web     Seamus    Tue Nov 12, 2013 17:33 
 34   Are Brendan Investments Metro Property Group's sponsors?     Seamus    Tue Nov 12, 2013 17:53 
 35   Speculative and Wrong     Finn    Tue Nov 12, 2013 20:46 
 36   Fake identities and bogus companies.     Seamus    Wed Nov 13, 2013 07:45 
 37   copy email from Hugh O'Neill at Brendan Investments describing partnership with Metro     TJ    Wed Nov 13, 2013 08:38 
 38   Just doesn't add up     Finn    Wed Nov 13, 2013 09:37 
 39   FYI     TJ    Wed Nov 13, 2013 10:09 
 40   End of discussion     Kathryn    Wed Nov 13, 2013 10:16 
 41   Due Process     Finn    Wed Nov 13, 2013 11:31 
 42   It is really important that blogs like this continue.     Don't stop Blogging    Wed Nov 13, 2013 13:35 
 43   Above     Finn    Wed Nov 13, 2013 14:59 
 44   Important note to other Metro victims     Bored Now    Wed Nov 13, 2013 15:37 
 45   Answers Missing     Finn    Wed Nov 13, 2013 17:14 
 46   Finn demands answers.     Really bored now.    Wed Nov 13, 2013 17:32 
 47   Barn Door Gaps     Finn    Wed Nov 13, 2013 18:47 
 48   Time waster Finn     Bored to Death    Wed Nov 13, 2013 18:51 
 49   US Lawyer Nutjob     Nutwatch    Wed Nov 13, 2013 19:17 
 50   Gotta Read This     US LAWYER NUTJOB    Wed Nov 13, 2013 19:23 
 51   Answers on a postcard maybe?     seamus    Sun Nov 17, 2013 16:46 
 52   where is the bossman     tonto    Mon Nov 18, 2013 11:54 
 53   Questions     Finn    Tue Nov 19, 2013 07:57 
 54   More bad press     Seamus    Thu Nov 21, 2013 15:34 
 55   Same story & avoiding glaring holes     Finn    Thu Nov 21, 2013 20:24 
 56   What...     Seamus    Thu Nov 21, 2013 21:07 


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