Real estate fraud rises in US | csmonitor.com

Real estate fraud rises in US csmonitor.com: "If the downturn continues past 2007, experts say the implications for the economy could be dire.'Real estate fraud is going to make the S&L crash look like two cars in the parking lot that bumped into each other at five miles an hour,' predicts Ralph Roberts, the author of 'Flipping Houses for Dummies,' in Warren, Mich."

Untitled Document

Untitled Document: "Andy Mcfaul - I have become the new CEO of Mile High Capital and bring with me an impressive track record of exponentially growing and then operating large businesses successfully. At the age of 15, I started a pallet-recycling company, steadily building its customer base by passing on savings from innovative production methods."

Judge lets stand settlement tied to Mile High Capital case - The Denver Business Journal:

Judge lets stand settlement tied to Mile High Capital case - The Denver Business Journal:: "Approved by U.S. Bankruptcy Judge Howard Tallman last August, the settlement erased claims Replacement Property Solutions (RPS) had on Mile High -- a bankrupt real estate investment company. Mile High's founder, Fredric 'Rick' Dryer, faces a trial for 67 criminal charges in Denver District Court. Dryer pleaded not guilty to the charges in March. Approved by U.S. Bankruptcy Judge Howard Tallman last August, the settlement erased claims Replacement Property Solutions (RPS) had on Mile High -- a bankrupt real estate investment company. Mile High's founder, Fredric 'Rick' Dryer, faces a trial for 67 criminal charges in Denver District Court. Dryer pleaded not guilty to the charges in March. "

Two top execs at Mile High Capital out the door

Two top execs at Mile High Capital out the door: "However, a press release issued Sept. 14 by Mile High confirmed McFaul and Mile High President Jeff Dietz had left the company. It said McFaul will focus his energy on being CEO of Aspen Home Builders, a sister company of Mile High that he owns. It also said McFaul may take independent ownership of IPF. It said Dietz left 'due to a pressing family situation.' Calls to Dietz' home and office weren't returned. Mile High's lawsuit against McFaul asks for a return of IPF corporate records as well as unspecified damages. Mile High, founded by Fredric 'Rick' Dryer and incorporated in 2000, promotes investment in rental real estate -- mostly duplexes -- at seminars it conducts around the country. On July 12, the company said it had more than $120 million in 2004 sales and more than $175 million so far in 2005. "

Dryer drops settlement plan - Silicon Valley / San Jose Business Journal:

Dryer drops settlement plan - Silicon Valley / San Jose Business Journal:: "Lawyers for Fredric 'Rick' Dryer say that pending criminal charges have forced the founder of Mile High Capital Group LLC to withdraw a plan to purchase some of the beleaguered real estate investment company's assets and settle claims from investors. In a document filed last month with the U.S. Bankruptcy Court in Denver, Dryer's attorneys said he had intended to borrow $1.1 million to purchase certain assets of the Mile High estate and settle 'a number of outstanding issues.' Lawyers for Fredric 'Rick' Dryer say that pending criminal charges have forced the founder of Mile High Capital Group LLC to withdraw a plan to purchase some of the beleaguered real estate investment company's assets and settle claims from investors. In a document filed last month with the U.S. Bankruptcy Court in Denver, Dryer's attorneys said he had intended to borrow $1.1 million to purchase certain assets of the Mile High estate and settle 'a number of outstanding issues.' "

XM pulls plug on Dryer "advertorial" - Orbitcast.com

XM pulls plug on Dryer "advertorial" - Orbitcast.com

Dryer drops settlement plan - Silicon Valley / San Jose Business Journal:

Dryer drops settlement plan - Silicon Valley / San Jose Business Journal:: "Lawyers for Fredric 'Rick' Dryer say that pending criminal charges have forced the founder of Mile High Capital Group LLC to withdraw a plan to purchase some of the beleaguered real estate investment company's assets and settle claims from investors. In a document filed last month with the U.S. Bankruptcy Court in Denver, Dryer's attorneys said he had intended to borrow $1.1 million to purchase certain assets of the Mile High estate and settle 'a number of outstanding issues.' But after Mile High trustee John Smiley called for a Sept. 5 hearing to discuss Dryer's proposed settlement plan, Dryer's attorneys said he couldn't testify in court about the plan because doing so also would mean waiving his Fifth Amendment rights against self-incrimination. Dryer decided not to seek the loan and to forgo the settlement plan. Lawyers for Fredric 'Rick' Dryer say that pending criminal charges have forced the founder of Mile High Capital Group LLC to withdraw a plan to purchase some of the beleaguered real estate investment company's assets and settle claims from investors. In a document filed last month with the U.S. Bankruptcy Court in Denver, Dryer's attorneys said he had intended to borrow $1.1 million to purchase certain assets of the Mile High estate and settle 'a number of outstanding issues.' But after Mile High trustee John Smiley called for a Sept. 5 hearing to discuss Dryer's proposed settlement plan, Dryer's attorneys said he couldn't testify in court about the plan because doing so also would mean waiving his Fifth Amendment rights against self-incrimination. Dryer decided not to seek the loan and to forgo the settlement plan. "