American Invsco, Nicholas S. Gouletas & his minions

Posted in the Chicago Forum

Fred Frazzetta

Las Vegas, NV

#1 Dec 2, 2008
Leslie Mann's, November 28, 2008 article: "At Invsco condo conversions rule" paints a picture of Saint Nicholas S. Gouletas, but unfortunately it is very far from the truth. What I want to know is how much good old boy Nicholas had to pay for such a glowing article to be written, at a time when his kingdom is actually crumbling at his feet? Maybe Nicholas S. Gouletas, a legend in his own mind, wrote the fairy book story himself, because if he didn't you suck as a reporter...

I would think that some investigating takes place when a story is being written. It is obvious in this particular case that not much effort was put into investigating Mr. Gouletas & American Invsco because with just a little bit of research one would have uncovered some very important information which would have painted a far different picture of the man & company.

Currently, American Invsco (AI) is in litigation in Las Vegas, NV over Mr. Gouletas's "pet project" the Meridian Luxury Condominiums located on the Northeast corner of Flamingo Rd & Koval Lane, just 1 block east of the strip. There are 678 units which were converted by AI to condominiums by the so called "undisputed" conversion King. Below is a short list of how Mr. Gouletas screwed his investors:

Mortgage Fraud, which included collusion between AI (Koval Flamingo), the appraisers, the mortgage companies & the title companies involved in the project: failure to disclose just how CRS (another AI entity) funded the magical two year rental program - directly out of each person's very own mortgage, without any disclosure of this fact; SEC violations for selling condominiums as investments without being registered with the SEC - you can sell real estate with a rental program, but you cannot use the rental program as the hook, as the selling tool; Fraud against Freddie Mac & Fannie Mae - AI forged documents which were sent to these agencies - most of the buyers at the Meridian were investors as less than 15 people actually lived on property; ask Nicholas about the furniture packages that people paid for to participate in AI's illegal Condo/Hotel Program, which in some cases were never received ($25,000 -$33,000); maybe you should ask Mr. Gouletas about "straw buyers"; how about the fact that AI kept illegal control of the HOA, and in so doing comingled funds - used the HOA's money like their own personal bank account, they did this by having the Senior VP of Real Estate Michael Mackenzie as President of the HOA, and second in command was Michael Zink another stellar stand-up person (if you need a second opinion on Mr. Zink's character just ask the folks that were screwed by AI at Plantation Park in Florida); then we have all of the Nevada Revised Statutes that AI broke regarding the running of the HOA; what about the promises that AI made to the buyers as to what they were going to upgrade and do on the property - promises not kept...all the above is true and verifiable.

I am hoping that the FEDS get involved, that is if they are not already involved, and put these criminals behind bars where they truly belong! The truth is Mr. Gouletas's empire is starting to crumble all around him. Here's a short list of his minions: Steven E. Gouletas, Nicholas V. Gouletas, Jr., Michael Fish, John Cadden, Anthony Dibenedetto, James Schwark, Dale R. Campbell, Kenneth Morgan, Mark Goldstein, Michael Parke, Michael Mackenzie, Michael Zink, Scott Oelke, Mary Harvey, Rebekah DeSmet, Amber Morelli, Ron Aldinger, Tonya Aldinger, Jude Mandel, Dan Somers, Jules Smith, Bruce Peterson (Travilliant), and Brendan Bolger (United Financial Mortgage Corp. Rep from Chicago hand-picked by Nicholas S. Gouletas, who eventually got fired for not being able to close on mortgages)... and let us not forget Diane M. Sealey, who was with the Appraisal Team an integral part of the scam.
Meridian Contractor

Las Vegas, NV

#2 Dec 17, 2008
I am a paint and drywall contractor here in Las Vegas and have been screwed over by American Invsco. I have been trying to collect on approx. $100,000 for the past year and even have flown to Chicago to get a meeting with Mr. Gouletas to no avail. He is trying to push me off to another person not named above, Mr. Bruce Steburn who is also unwilling to speak to me even as I have made personal pleas on behalf of not only my company but my wife and 2 kids as well.
MegaHurtz

Scottsdale, AZ

#3 Dec 30, 2008
Appears to be yet another case of greedy corporate fools who think they are smarter that the rest of the planet...only proves stupid is as stupid does...trying to take advantage of people who look for an easy buck...no one seems to be the innocent here!
GarlicKitty

United States

#4 Jan 19, 2009
Hello Paint and drywall contractor: I am another person who has been ripped off by AI. please contact me. We need to talk.
moneymatter

Crystal Lake, IL

#5 Feb 4, 2009
They don't pay anyone
kmarie

Las Vegas, NV

#6 Nov 8, 2009
They also didn't provide Federally required Cobra for employees they fired or laid off. I was one of them.

But there's a person missing in the FBI investigation and she was the contract administrator for Invsco - Directly under DeSmet. They together w/Gouletas drew up the contract and the rent back program.
KevinQ

New York, NY

#7 Mar 24, 2010
Can anyone tell me what, if anything, is happening with these folks from a legal stand point? I too was drawn into their scam by purchasing a condo in their Sand Lake Private Residences in Orlando and have had nothing but nightmares with these people for the last 5 years and still counting.

Apparently they have changed management companies yet again this time it is called National Rental Services or National realty Services (I'm not sure which) and is owned by Steven E. Gouletas and/or someone named Tiffany?

I can't keep any of this straight but can tell you that trying to contact anyone from this place or get answers to questions is impossible.

If in fact they have committed any criminal acts then why isn't anything being done?

Can anyone help here?
Fred Frazzetta

Las Vegas, NV

#8 Apr 18, 2010
I would like you to contact me regarding this matter, and you can do so by emailing me at Harrahswhistleblower@gmail.com . I am very interested in the fact that American Invsco pushed you off onto Bruce Seyburn - I am interested in the reason(s) they did so. Please contact me at your earliest convenience.
Meridian Contractor wrote:
I am a paint and drywall contractor here in Las Vegas and have been screwed over by American Invsco. I have been trying to collect on approx.$100,000 for the past year and even have flown to Chicago to get a meeting with Mr. Gouletas to no avail. He is trying to push me off to another person not named above, Mr. Bruce Steburn who is also unwilling to speak to me even as I have made personal pleas on behalf of not only my company but my wife and 2 kids as well.
Fred Frazzetta

Las Vegas, NV

#9 Apr 18, 2010
Kevin, I encourage you to write me at harrahswhistleblower@gmail.com as soon as possible and I will give you an update as to what is happening regarding American Invsco and their related scam companies. I am also interested in Sand Lake Private Residences in Orlando. I look forward to hearing from you.
KevinQ wrote:
Can anyone tell me what, if anything, is happening with these folks from a legal stand point? I too was drawn into their scam by purchasing a condo in their Sand Lake Private Residences in Orlando and have had nothing but nightmares with these people for the last 5 years and still counting.
Apparently they have changed management companies yet again this time it is called National Rental Services or National realty Services (I'm not sure which) and is owned by Steven E. Gouletas and/or someone named Tiffany?
I can't keep any of this straight but can tell you that trying to contact anyone from this place or get answers to questions is impossible.
If in fact they have committed any criminal acts then why isn't anything being done?
Can anyone help here?
Fred Frazzetta

Las Vegas, NV

#10 Apr 18, 2010
K Marie, please contact me at Harrahswhistleblower@gmail.com as soon as possible, I would like to have the opportunity to talk to you about American Invsco and your knowledge of their scam.
kmarie wrote:
They also didn't provide Federally required Cobra for employees they fired or laid off. I was one of them.
But there's a person missing in the FBI investigation and she was the contract administrator for Invsco - Directly under DeSmet. They together w/Gouletas drew up the contract and the rent back program.
Redsl

Tulsa, OK

#11 Dec 12, 2010
Fred Frazzetta wrote:
K Marie, please contact me at Harrahswhistleblower@gmail.com as soon as possible, I would like to have the opportunity to talk to you about American Invsco and your knowledge of their scam.
<quoted text>
Fred, I too worked at the Meridian. I may have some insight as I was a member of management shortly before the hotel was shut down.
Fred Frazzetta

Henderson, NV

#12 Jan 3, 2011
Redsl wrote:
<quoted text>
Fred, I too worked at the Meridian. I may have some insight as I was a member of management shortly before the hotel was shut down.
Please contact me at: Harrahswhistleblower@gmail.com - I would love to have the opportunity to talk to you about American Invsco. I am determined to see Nicholas S. Gouletas & all others involved put where they belong behind bars for their, in my opinion criminal activities. Please contact me.
Fred Frazzetta

Las Vegas, NV

#13 Feb 21, 2012
Redsl,

I am still very much interested in talking to anyone that worked for American Invsco at the Meridian Private Residences. You can contact me at harrahswhistleblower@gmail.com - anytime. Hopefully, you will take the time to do so, and know I will be looking forward to hearing from you. There is still the possibility of American Invsco and the Gouletas family being brought to justice, but help is needed to do so.
LsH

Lombard, IL

#14 Mar 16, 2013
I dated Nick Gouletas back in the mid 1970's in Chicago. He & his family were always grouped together "planning" & left me sitting by myself (the sister, older brother & Nick). I knew then they were up to... you have it. Up to no }: from the start. Then 60 Minutes caught up with American Invsco. Too bad, as even though Nick was not my kind, his sister was even more scary as well as the brother. Oh, Nick I knew you were not what you appeared to be. Shame on you and I'm so lucky to not have anything to do with your family(ugh)!

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