Waverly Real Estate LLC Fed. Investigation

Posted in the Port Orange Forum

Joe

Lady Lake, FL

#1 Apr 2, 2013
Ramara Garrett & Jim Solongo arrested for real estate fraud. Garrett was also charged with using illegal funds to contribute to the re-election campaigns of Josh Wagner-Joyce Cussack & Derrick Henry[ Henry was formally charged with ballot fraud] Garrett was released on a $25.000 bond, James Solongo remains in jail.
Joe

Lady Lake, FL

#2 Apr 4, 2013
According to a criminal report filed by the F.B.I. more than 70 properties were involved. James Solongo & Ramara Garrett, would find a property to buy,then represent to the sellers/owners that the property needed renovation. Garrett would recieve, a standard realtor's fee everytime the property was sold & resold. The conspirators, would select an inflated sales price, to submit to the lender. An inflated price, would bring in extra money from the lender that would be used as a down payment, & divided between the conspirators. Sololongo would set up a straw barrower, to meet with broker Chistopher Mancis who would submit false information, the straw barrowers would only give there social security number and name, Mancis would complete the rest of the information.
Joe

Lady Lake, FL

#3 Apr 4, 2013
Federal agents seized information from a storage area in Port Orange. Information that shows Garrett had a partnership with Josh Wagner, in a failed attempt to lease the Daytona Beach Pier. Between 2005-2012 more than $50 million was made. The F.B.I. is uncertain at this point where the money is. Solongo had $35 in a bank account, Garrett & Solongo will appear in court on Friday 4/5/2013
johns

Pikeville, KY

#4 Apr 9, 2013
Does anyone know anything about the River Club Condo? The are a part of it; should someone buy there or is it a scam?
Joe

Lady Lake, FL

#5 Apr 9, 2013
The River Club is currently under investigation. The property is in deep financial trouble. It was investigated in 2011 and sent two former, South Daytona politians to jail.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Port Orange Discussions

Title Updated Last By Comments
new business just opening 1 hr ultimate powersports 2
Rare panther sighting in Central Florida (May '08) 10 hr ckreitsek 90
Tis the season to dump cases! Tue hummingbirddraago... 1
City of Edgewater K9 Officer John Tarr RECKLESS... (May '13) Mon TENHUT 5
Need some help... Dec 15 True Blue Local 1
Husband of woman charged in South Daytona fatal... Dec 10 See It Get It 4
Debate: Marijuana - Daytona Beach, FL (Aug '10) Dec 8 bobbarbie 109
Port Orange Dating
Find my Match
More from around the web

Port Orange People Search

Addresses and phone numbers for FREE

Port Orange News, Events & Info

Click for news, events and info in Port Orange

Personal Finance

Mortgages [ See current mortgage rates ]

NFL Latest News

Updated 6:55 am PST

Bleacher Report 6:55AM
Late-Season 7-Round 2015 Mock Draft
Bleacher Report 8:00 AM
Thursday Night Football Week 16: TV Schedule, Live Stream for Titans vs. Jaguars
Bleacher Report 9:37 AM
The Pack Has Not Fared Well at Raymond James Stadium
Bleacher Report11:59 AM
Jaguars Break Their Underdog Streak
NFL12:33 PM
Bortles earns 'mostly positive reviews' from Jaguars