Welcome to The Home Equity Theft Reporter, a blog dedicated to informing the consumer public and the legal profession about Home Equity Theft issues. This blog will consist of information describing the various forms of Home Equity Theft and links to news reports & other informational sources from throughout the country about the victims of Home Equity Theft and what government authorities and others are doing about it.
Thursday, December 31, 2015
Owner Of Now-Defunct Home Improvement Outfit Faces 64 Criminal Counts For Allegedly Ripping Off $200K+ From Dozens Of Homeowners, Subs, Suppliers
A Camden County grand jury late last week indicted the 42-year old Shamong resident on 64 counts for his actions while the CEO of Dream House Windows.
The indictment includes 46 counts of theft by deception, 17 counts of bad checks and one count of theft by failure to make required disposition of property received.
Emachah was first charged in Camden County in July of 2014, but with just four counts for passing bad checks and three counts of theft by deception. Authorities said at the time that additional allegations were being investigated.
Emachah also faces charges in Hunterdon County, New Jersey.
Victims of the charges in the indictment are located throughout New Jersey, New York and Pennsylvania.
When frustrated Dream House customers tried to obtain a refund for work that was not done, Emachah allegedly wrote bad checks to avoid making payments, investigators said.
Additionally, Emachah allegedly wrote bad checks to subcontractors, supply companies and government agencies, investigators said.
He also did work under the business names Zaza Corp. or Dream House Exteriors, according to the prosecutor.
Dream House declared bankruptcy despite the fact that Security and Exchange documents show Emachah made millions when he sold a company known as Nixle, which issues community alerts.
Complaints online about Dream House go back at least to 2008. One online site is nothing but a running account of allegations about Dream House, associated companies, and Emachah.
CBC News: Betrayal of Trust (A CBC investigation reveals how lawyers across Canada have misappropriated and mishandled clients money, to the tune of tens of millions of dollars, or sometimes even charging vulnerable people top dollar for shoddy services)
Land Contract/Contract For Deed/Rent-To-Own Rackets
The New York Times: The Housing Trap (In the wake of the housing crisis, low-income families have turned to seller financing to buy homes but these deals can be a money trap)
Beware The Fine Print: Consumers Forced To Sign Away Their Rights To Use Court System
The NY Times: Arbitration Everywhere, Stacking the Deck of Justice(Part 1 in series examining how clauses buried in tens of millions of contracts have deprived Americans of one of their most fundamental constitutional rights: their day in court)
Foreclosure Mills' Abysmal Record In Complying With New NYS Foreclosure Requirements
Justice Deceived: How Large Foreclosure Firms Subvert State Regulations Protecting Homeowners
MFY Legal Services Report On Questionable Practices By Process Servers In Debt Collection Cases
Justice Disserved: A Preliminary Analysis of the Exceptionally
Low Appearance Rate by Defendants in Lawsuits Filed in the Civil Court of the City of New York
Mortgage Mess Redux: Robo-Signers Return (A Reuters investigation finds that many banks are still employing the controversial foreclosure practices that sparked a major outcry last year)
CNN Video: As Foreclosures Mount, Florida Court Turns To 'Rocket Docket'
The Wall Street Journal: A Florida Court's 'Rocket Docket' Blasts Through Foreclosure Cases (2 Questions, 15 Seconds, 45 Days to Get Out; 'What's to Talk About?' Says a Judge)
"Produce The Note" Strategy When Dealing With Missing Promissory Notes In Foreclosure Actions
ABC Video: Fighting Against Foreclosure (Some homeowners have found a new tactic to keep the banks at bay)
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