Have you been a victim of a 1031 Exchange Fraud Scheme?
Were you sold a fractionalized security in a piece of real estate?
If you feel you have been DEFRAUDED IN REAL ESTATE SCHEME click on the link below to file a claim with the San Diego District Attorney's Real Estate fraud department https://www.sdcda.org/preventing/real-estate-fraud/
UTAH SCAMS - If you invested with Mr. Thomas Hinson's Investor 1031 Exchange OR Fletcher Cove Capital for property in Utah file with their District Attorney here https://attorneygeneral.utah.gov/financial-crimes-intelligence-center/
Currently a fraudlent scheme to dupe unsuspecting investors is operating here in San Diego County.
The main players are Mr. Thomas Hinson of Investor 1031 Exchange
We became aware Mr. Hinson and his partners started defrauding clients in 2024 but it may have started much earlier.
Sadly this extends beyond San Diego County into other States as well.
The accusations are selling fractionalized securities without a securites license.
THE LAWSUITS
Thomas Hinson - Investors 1031 Exchange Inc., Fletcher Cove Capital - NOT ordered by Date
CLICK ON THE CASE NO. TO SEE CHARGES AND LIST OF DEFENDANTS
Thomas Hinson - Investors 1031 Exchange Inc., Fletcher Cove Capital
JACAR Investments & RNJ Investments vs. Thomas Hinson, Investors 1031 Exchange, Ed Monce IMH Companies Case No. 26CU013945C Allege FRAUD - owed $2,979,853.00 + interest
David J. Resnick Trustee vs. Thomas Hinson, Investors 1031 Exchange - Case No. 37-2022-00015880-CU-BC-NC
JSGPT llc vs. Thomas Hinson, Investors 1031 Exchange - Case No. 26CU020529N - - Allege FRAUD owed $9,456,526.17 million + interest & damages to be determined at trial
Siegel vs. Thomas Hinson, Investors 1031 Exchange - Case No. 26CU043408N - Allege FRAUD
JB General LLC vs. James (Jase) Prewett Case No. 26CU047419C - Allege FRAUD 6829-21 Newbold Ct, 92111, owed $79,250.00 + interest
Siegel Living Trust vs. Thomas Hinson, Investors 1031 Exchange - Case No. 26CU043408N
Ponsoll vs. Thomas Hinson, Investors 1031 Exchange - Case No. 26CU046386N
Sands vs. Thomas Hinson, Investors 1031 Exchange - Case No. 26CU047484N
Eder vs. Thomas Hinson, Investors 1031 Exchange - Case No. 26CU033642C -Allege FRAUD - owed $812,241.20 + interest and reasonable attorney's
fees
Escque, LLC vs. Thomas Hinson, Investors 1031 Exchange - Case No. 26CU049689N Allege FRAUD - owed $6.8 million + interest & damages to be determined at trial
Vision Quest Investments vs. Christian Spicer, SDRE, Thomas Hinson Case No. 26CU014934C involves 7 properties - amount owed to be determined at trial
Fadi Atiya vs. Christian Spicer & Edward Stepanow Case No. 26CU033234C - Allege FRAUD - 6.5% ownership in property, + owed $705,061.43 + interests + damages determined at trial
DEFENDANTS
Mr. Thomas Hinson
Mrs. Valerie Hinson
Mr. Edward Monce - IMH Companies
Mr. Marc Gould
Ms. Stepanie Eckert
Mr. Brandon Cress
Mr. Hinsons contact information - Investor 1031 Exchange & Fletcher Cove Capital
Office Location
337 S. Cedros Ave.
Suite B
Solana Beach, CA 92075
P.O. Box
P.O. Box 624
Solana Beach, CA 92075
Home Address
Calle Montelibano
Rancho Santa Fe, CA 92067
Office phones
Thomas Hinson
760-715-9998
858-539-1031
858-539-1233
(All information above optained from Mr. Hinsons own newsletters/emails they send to all his investors surprisingly even to ones they are currently defrauding)
What to do
1. Filing a lawsuit - This may be your first reaction but you might want to wait.
First there may not be any money left to collect because it has all been spent by the perpetrators.
Second, a CLASS ACTION is probably the best way to go and will not cause you more financial damage.
2. CLASS ACTION - This may be the better way to go. We are currently gathering names and your situation.
Please EMAIL US and we will add your name to the list to get this started.
3. FILE A COMPLAINT WITH THE CALIFORNIA DEPARTMENT OF FINANCIAL PROTECTION & INNOVATION DFPI
We suggest you chose the "By Mail form".
Include the following in your complaint Dates, Amounts, Correspondence with Company, Account Statements.
https://dfpi.ca.gov/submit-a-complaint/
4. FILE COMPLAINT WITH S.E.C. - According to bankruptcy attorney Mr. Ted Fates of Allen Matkins many people believe it has to be a Criminal Case in order to file a complaint with the SEC but that is incorrect. The S.E.C. governs CIVIL cases not criminal. In these particular cases fractionalized real estate securities were/are being sold without a SEC securities license.
a) Read - Click on link below to read about the process of filing a complaint.
https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins-48
b) Questions - Click on the link below to send in a question to the SEC
https://help.sec.gov/s/questions-and-feedback
c) COMPLAINT FORM - We suggest you click the button that says "YES, send the form to the firm or company." Otherwise the SEC will just file it and do nothing with it.
https://help.sec.gov/s/investor-complaint
5. YELP reviews of Thomas Hinson and Investors 1031 Exchange
https://www.yelp.com/biz/investors-1031-exchange-solana-beach
6. BBB Better Business Bureau reviews
https://www.bbb.org/us/ca/solana-beach/profile/real-estate-investing/investors-1031-exchange-inc-1126-1000101398/customer-reviews
7. Google reviews Click HERE
8. FACEBOOK page
https://www.facebook.com/investors1031/