Joe Cole IPM PLP

On the hunt, very curious about this comment. Which agents were involved with them previously, and haven't these people been held accountable for their roles in duping people or were they innocent victims. Appreciate your informative posts, please keep them coming.

onthehunt wrote:

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Some of the IPM previous agents are doing business with Geoff T in MN. PROVIDENCE ALTERNATIVE INVESTMENTS &#9830; 13700 Reimer Drive, Maple Grove, MN ...
minneapolis.craigslist.org/eve/1072336106.htm... -
Geoff was going to be quest speaker at their seminar...check this out

h92 8w 5y3 58j3 wrote:

On the hunt, very curious about this comment. Which agents were involved with them previously, and haven't these people been held accountable for their roles in duping people or were they innocent victims. Appreciate your informative posts, please keep them coming.
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I would be very interested in more information about this topic also.

am 1570 radio show with gregory jorgensen, check it out.

how long has this been on wrote:

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IPM Real Estate Fraud
http://www.startribune.com/535/story/960939.h...
In the above story, the operators of Investment Properties of Minnesota, Joseph Cole and Jim Abbott, have been sued by the Minnesota Attorney General's Office for swindling investors out of many millions of dollars in fraudulent real estate investment schemes.
It's interesting to see how carefully "the best and the brightest" check out the people they ask for business advice. Here's a meeting notice from the University of Minnesota's Carlson School of Management newsletter in 2005:
"REAL Estate Club Speaker
Want to learn about creative real estate investing techniques? Joe Cole, a member of IPM Realty and radio show host for the "Real Estate Investment Show" on AM 1570 on Saturdays, will be meeting with the Real Estate Club on Mon., Feb. 14, 4-5 p.m., Room 1-142. He will discuss creative financing and acquisition strategies in real estate. All students, regardless of major, are invited to attend. "

Be a real person and pick up a phone....MENTAL WEAKLINGS get their satisafction by online excersisies of sheer ignorance.... point certaine dumb asszzzzzzzzzzzzzzzzzz$

scram wrote:

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I would be very interested in more information about this topic also.

prepare to spend the next 4ryt years yeares in court... I have been watching you for along time.... you are about to feel the wrath of hell fire that you never would have expecteted,,,,,, shazsam!

You all need to ready the receiver report before you start your slander campagine, I will breath fire and brimstone on all off you who are less thaen informed... Bottom line is I was paid by Joe Cole $619K over 2 years... I was already worth sevral millions of dollars before I met him... If you persist in defamation of my charachter I will reach out and distroy each and everyone of you individually with zero issue.... Anyone that has battled me has also learned that should I chose to destroy you..... I will! Say hi to Phylis and Dave... in further posts I will turn the tides on how the lost your investments in Hotel 71,,,,, hmmm with 90% of the units resod to illionis people prior to the litigation "why were no illinois clients screamining bloody muder?" because there funds were in escrow..... Phylis and Dave lost your money VIA absolute ignorance. and you followed it.... did you ever ask Phylis how much money Cole paid her as an obverride fero your investment,,,,,,,thats a pretty interesting topic as well,,,,,, the truth is out there and none of you know it!

Good luck.... I will distroy any and every adversary!

If you want a battle please call as in my prvious post I am far from hiding.......

GEOFF SINCE YOUR SO BIG ON SCORCHED EARTH HERE HAVE SOME.

FACTS ABOUT GEOFF & NANCY THOMPSON WORD FOR WORD AS IS POSTED ON LINE. DO A GOOGLE SEARCH OF GEOFF & NANCY THOMPSON+LAWSUITS AND READ THE FULL POSTING. PLUS MUCH MORE
This appeal arises out of eight consolidated lawsuits involving a large-scale real estate investment fraud scheme allegedly orchestrated by appellants -Geoff & Nancy Thompson and their business partners, James Abbott and Joseph Cole (collectively referred to as “the principals”). According to respondent investors, the scheme involved the sale of memberships in a real estate investment program called an “AMP Plan.”
Investors were enticed to become AMP Plan members by the promise of exclusive, member-only investment opportunities. To become a member, investors were required to enter into an “AMP Plan Membership Agreement” and pay a membership fee to Progressive Home Services, Inc., d/b/a Investment Properties of Minnesota or IPM Realty (“IPM”). Memberships were advertised through “seminars, phone conversations, email communication and direct solicitation.”
Two basic types of investment opportunities were offered to prospective members over the course of the scheme. Some investors were offered interests in condominium projects in (1) the Mayfair House Hotel in Miami (Kinney I lawsuit); (2) the Seminole Bay, Kings Pointe, and Apollo Bay developments in Florida (Ahmann lawsuit); or (3) the Hotel 71 project in Chicago (Kinney II lawsuit). Investors were told that the properties were appreciating rapidly, with the potential for lucrative returns. The purchase terms and conditions varied; however, as part of each transaction, members entered into purchase agreements and deposited earnest money with, or paid other up-front fees to, corporate entities allegedly owned or managed by the principals. The transactions proved to be fraudulent, as none of the purchases were ever completed, and investors’ earnest money and other fees were not returned.
Other investors were invited to participate in a “Private Loan Program” administered by corporate entities allegedly owned or managed by the principals. The program allowed members to loan money to IPM for real estate development projects in exchange for a 30 to 35% rate of return (Sober lawsuit). Each member was given a promissory note that included the material terms of the agreement. As part of the
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agreement, members were entitled to “call” the note (have their money returned)“at any time for any reason,” and IPM was also required to purchase an insurance policy that would insure the members’ investments for up to $25 million. Investors loaned approximately $3.5 million to IPM as part of the program. But, like the condo unit investment offers, the private loan program was a sham. None of the loaned funds were used for real estate development, and each loan eventually went into default and remains unpaid. In addition, the insurance policy that was supposed to protect the investments was never obtained.
In August 2006, approximately 178 investors collectively brought eight lawsuits1 against the principals and a myriad of corporate entities involved in the scheme, including IPM, National Real Estate Assignments, LLC d/b/a America National Assignments (NREA), Investment Properties of America, Inc.(IPA), Amerifunding Group, LLC, and J&J Investment Properties of Minnesota, LLC (J&J). The suits included claims for breach of fiduciary duty, breach of contract, intentional and negligent misrepresentation, conspiracy, accounting, civil theft, and violations of the Minnesota Prevention of Consumer Fraud Act, Minn. Stat.§§ 325F.68–.70 (2006), the Minnesota Uniform Deceptive Trade Practices Act, Minn. Stat.§§ 325D.43–.48 (2006), the Minnesota Regulation of Securities Act, Minn. Stat.§§ 80A.01–.31 (2006),2 Minn. Stat.§ 82.50 (2006), Minn. Stat.§§ 83.23–.24 (2006), and Illinois and Florida laws pertaining to real

Boy am I glad that I did not invest in this fraud.
I knew Joe Cole from as far back as grade school. Joe was a very gifted athlet.

However before I invested I asked a few questions and a friend made a comment that he was involved in some fraud. I asked one of the reps about this and their answer was something like "... Joe Cole was never prosecuted for these charges..."

If maybe they said the charges were made up and Joe never did fraud or engage in any of the activities I may have been another person duped.

Have fun in jail Joe - the felons will love som efresh meat!

Pat from Blaine wrote:

Boy am I glad that I did not invest in this fraud.
I knew Joe Cole from as far back as grade school. Joe was a very gifted athlet.
However before I invested I asked a few questions and a friend made a comment that he was involved in some fraud. I asked one of the reps about this and their answer was something like "... Joe Cole was never prosecuted for these charges..."
If maybe they said the charges were made up and Joe never did fraud or engage in any of the activities I may have been another person duped.
Have fun in jail Joe - the felons will love som efresh meat!

Good for you Pat and anyone else that was fortunate enough not to get swindled by these bottom feeding scumbags. It's good to hear someone's life hasn't been hurt by them.

BORIS wrote:

Joe Cole we are going to get our PLP back, remember we have a signed document with a 25 million insurance policy listed. The authorities also have our groups information as well. We will never stop until we see justice!

this would fall under securitise fraud, will check with department of commerce to expose truth.

Wallin is married for 3rd time, she hides money under many names, also homes. step children from first two marriages need to have last name and married last names checked by FBI. Also check Wallins fathers last name. It is Antron.

BORIS wrote:

Joe Cole we are going to get our PLP back, remember we have a signed document with a 25 million insurance policy listed. The authorities also have our groups information as well. We will never stop until we see justice!

that is correct we have our signed copy with the statement of an insurance policy twenty five million reasions to see justice - contact the securities and exchange commission and run it up the fbi irs flag pole. time is up cole.

LCH wrote:

Our attorney has presented the same document as fraud to FBI and IRS. We heard that your new wife colleen wallin cole has filed for bankruptcy ! This was the motion we all have been waiting for, details to follow.
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lch has she filed any tax returns ? this will be the smoking gun.

Aquinas wrote:

Don't forget about Geoff & Nancy Thompson. They were hand in glove with Joe Cole. The Thompsons have been making promises that are not worth the paper they were written on
for years.

Yes, how have these 2 dastardly criminals also skated out of all repercussions, just because they fled to Chicago??? They were chief principals, yet never seem to be named!!!

onthehunt wrote:

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Geoff Thompson is working on Mississippi property. He wants to work in MN with previous IPM Realty agents. This ad on shows his on going interests: Providence Alternative
The Go Zone Opportunity has become better and easier than ever. Through our diligence we are bringing a new bundle of incentives to market that are far superior to the original SRAP program. We believe in the opportunity of owning in the Gulf Coast because of the Go Zone benefits, so that is why we are proud to introduce the Gulf Coast Revitalization Fund (GCRF). The projected return on this proprietary program is VERY attractive. Come to this meeting to learn more.
Thursday, March 19th – 7:00 PM
Maple Grove Office:
13700 Reimer Drive, Maple Grove, MN

How do Geoff and Nancy Thompson get by with all their state to state rip off shenanigans? Wonder why no Criminal charges with all these crooks, esp in the Thompson's case? Geoff appears very antisocial and unbalanced, from some writings I noticed. Has anyone informed proper psychiatric authorities? Sounds like he needs to be gotten out of the general population on above counts, in addition to criminal activities, ASAP.

New Hope Man Facing Gross Misdemeanor Tax Charges -http://bit.ly/7m4lq4