Tag Archives: Mortgage Fraud

Blog Serves Public Interest of Investors And Promotes Noveshen is Willing to ‘Play Ball’

Eric Noveshen has a knack for the poor me story (as stated by his grandmother in a letter the last blog).

Now he’s asking the court to shut down this blog claiming that he can’t get work. Anyone who knows what kind of work Noveshen does can see this blog is the best advertisement for hire Noveshen’s ever had.

You can’t go on a LinkedIn resume and write “I’m down to play dirty ball in microcap stock fraud.”

This blog does that for him in shining colors. So the false loss of work story is not why Noveshen wants this down. This blog helps him get work.

Noveshen wants this blog down because while those companies want guys who will play dirty, but Noveshen doesn’t want to show them he’s on the radar of the SEC, FINRA and the Department of Justice. And don’t forget the many financial investigative reporters lurking in the background just waiting to break their next story.

To remove this blog would be an injustice to the Public, to anyone considering entering the microcap stock market. According to Investopedia, “Penny stocks aren’t a lost cause, but they are very high-risk investments that aren’t suitable for all investors. If you can’t resist the lure of micro caps, make sure you do extensive research and understand what you are getting into.”

The full article explains why extensive research is often hard to come by, the promoters and consultants make it that way on purpose. They don’t want you to know that $5000 suit you are about to buy online is stained before you click order.

The Lowdown On Penny Stocks” | Investopedia http://www.investopedia.com/articles/03/050803.asp#ixzz4CgSAN9lW

Yes we also cover Noveshen’s grotesque abuse of the Broward County and Florida court systems and his willingness to steal money from his own family because that’s called transparency folks. If you’re going to invest your money in a penny stock you should have the right to know if one of its main consultants will take from his own family then he’ll probably take from you. The public should have the right to this knowledge.

Penny stocks are a fools game.

“You’re betting against the house – and the house always wins,” according to reporter John Divine, in 5 Reasons to Avoid Penny Stocks at all Costs. “Everyone remembers the grandma who won the $10 million jackpot playing the slot machine.

“5 Reasons to Avoid Penny Stocks at All Costs”

http://money.usnews.com/investing/articles/2016-03-29/5-reasons-to-avoid-penny-stocks-at-all-costs

“But no one recalls the 100,000 players who lost $100 apiece to pay her out. No news articles are written about the next 100,000 gamblers who flushed their hard-earned savings into the casino’s bottom line.

To take this information down would be a disservice to the public interest. AND THERE WILL BE MORE PENNY STOCK INVESTORS VICTIM and victims to other financial scams orchestrated and calculated by Eric Noveshen and his crew.

5typesEric Noveshen anti freedom of speech

Family Fraud, Risky Business – Did Noveshen Steal from Grandma? Or Will He Repay?

To answer the question posed to us on Sun. June 19, yes we are happy to post submissions from guest bloggers. Blogs must be based on credible information and documentation such that the content is accurate and true.

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Presented below, a letter written to Jack Boyle of Ft Lauderdale, FL in January 2015 by the grandmother of Eric Noveshen, Estelle Hartman. As stated in the letter Hartman learned that multimillionaire Jack Boyle, in his 80’s, had employed her grandson Eric Noveshen. Hartman issued a warning to Boyle about loaning money to Noveshen and some other interesting information that all investors and business clients should have the right to consider. We have reviewed and there is documentation available to support the warnings and entire Hartman letter. God bless this poor woman. *Names of children have been removed.

Eric Noveshen Steals from his Grandmother

Eric Noveshen Steals from his GrandmotherEric Noveshen Steals from his Grandmother

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2-19-15 Auction Coconut

Eric Noveshen anti freedom of speech

Fort Lauderdale Man Refuses to Pay Mortgage, Then Ties Lender Up In Court

Eric Noveshen says his systematic abuse of the Broward – and other courts is not newsworthywe beg to differ.

Public records show that Noveshen – through use of his straw buyers – used the Broward Courts to avoid foreclosure and ultimate eviction of the two Fort Lauderdale homes he resided in and maintained for the last 12 years.

The result? Noveshen lives rent free while the tax payers and residents of Broward Couty who have legitimate claims have to wait longer for hearings due to the system clogged by vexatious litigants like Noveshen.

A man in New Jersey used a similar strategy to live rent free – he moved in to places refused to pay his rent and then ran owners in and out of court. True Jersey found the actions to be of public interest – because abuse of the judicial system is of public interest.

Source http://www.nj.com

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Eric Noveshen employs the same legal gamesmanship in Broward County to live rent and mortgage free.

In 2004 Eric Noveshen purchased a Victoria Park house under the name of his mother, Cheryl Wilson. Within one year the lender was forced to file foreclosure for the first of three times (2005, 2008 and 2013). 

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No sooner than they caught up on payments, Noveshen and Wilson stopped paying the mortgage on the Victoria Park property again in 2007. The lender was forced to file foreclosure again in 2008 and again in 2013. All the while Noveshen was filing motions and demanding to depose out of state residents just to slow down the case.

To delay the foreclosure trial Noveshen filed FOUR Motions for Continuance of trialDELAY DELAY DELAY = rent free living for Noveshen and a bogged down court docket.

Motion for Continue 2015-2 436

Noveshen played the same game with his luxury Las Olas Isle property – obtained under the name of his grandmother Estelle Hartman in an apparent act of mortgage fraud on the part of Noveshen – he claimed his 81-year-old grandmother made $41,000 monthly as a consultant for Noveshen’s businesses Envision Capital and Sun Globe Fiber Systems.

Eric Noveshen Fraud mortgage

Shortly after moving in in Feb. 2007, Noveshen stopped paying the mortgage. The lender first filed foreclosure proceedings in July 2008 – Noveshen took to the Broward Courts to prevent and delay foreclosure and eviction allowing him to live rent free in the lap of luxury from 2007-2014 rent and mortgage free.

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Does this information serve public interest? Let us know what you think.

The cherry on top – staying in foreclosure allowed Noveshen to make the lender pay his property taxes. Amazing what a few bogus claims in court motions can pay right? All that money Noveshen saved not having to pay his mortgage, taxes and insurance – bonus money for Noveshen. Income earned by gaming the Court system.

Fraud Eric Noveshen Property Tax

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Mortgage Fraud by Eric Noveshen – Claimed Income of $41,000 a Month

Eric Noveshen falsified a mortgage application for a luxury home on the Las Olas Isles – or claimed the “mortgage broker” (his friend) did. Noveshen used his own grandmother as a straw buyer for the property and claimed she made $41-THOUSAND-DOLLARS PER MONTH! Doing what? Working for Noveshen’s companies Envision Capital and Sun Globe Fiber of course. Sounds so legit right?

Take a look at the mortgage application yourself and you be the judge. Keep in mind, Noveshen mis-used the US bankruptcy laws in 2005 to rid himself of hundreds of thousands in debt (click the link below to see the long list of bills Noveshen got out of paying) so despite making good money he couldn’t just walk in and get a loan on a home on the market for $2.1-million. There was also the issue of not being able to show how he made his income – market manipulation in conjunction with the now defunct hedge fund NIR wouldn’t look good to a mortgage lender.

So Noveshen did what he does best he used a pity party and his business contacts (who had a family member working as a Mortgage Broker at now defunct Geneva Mortgage in Orlando) to commit massive mortgage fraud against JP Morgan Chase and land himself a sweet pad on the Las Olas Isles that he didn’t pay the mortgage on in SEVEN years of living there. Living on the water ain’t bad when you’re living for Free!

Noveshen conned his grandmother into letting him put the house in her name – BONUS nice way to hide the asset from his ex Wife Christina Carter so he didn’t have to pay more child support due to his increased standard of living!

The outrageous part – how no one at the bank caught this is CRAZY – I guess that was how they rolled in 2007 — Eric Noveshen wrote that his 81-year-old grandmother made $41,350-thousand dollars a month as a consultant for Noveshen’s company!!

Pretty risky? You bet cha! But vexatious Noveshen LOVEs the thrill of walking on the fine line — will he ever get caught??

Eric Noveshen Con Man

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Mortgage Fraud of Eric Noveshen

Mortgage Fraud of Eric Noveshen

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Truth -this was NO ONES income! Blatant Mortgage Fraud

Eric Noveshen Fraud mortgage

Eric Noveshen Fraud mortgage

Eric Noveshen never paid the mortgage – lived rent free in high style for seven years. His only expense was dodging process servers and hiding from the bank when they came to inspect the property. The mental and emotional toll the foreclosure lawsuits took on his grandmother Estelle Hartman was the ultimate price. Although there is no proof that Noveshen has ever expressed an ounce of sorrow for what he did to her. Instead he tells everyone, and anyone who will listen that his evil family – his evil sister and aunt conspired to brainwash her to turn on him and evict him from the home. That’s a great story and a lot of people buy it, but the hard facts in documents prove otherwise. The truth is in GROWNUP land if you don’t pay your mortgage EVER the bank sues you and takes the house back. So sissy and auntie had nothing to do with Eric Noveshen’s grandmother evicting him. He evicted himself by not paying his bills. To those who believe that Noveshen is the victim of this, or any of his dramas, we say this: ERIC NOVESHEN IS A GREAT CON MAN AND YOU ARE LIVING PROOF IF YOU BELIEVE HIM OVER DOCUMENTS. 

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Eric Noveshen lost two homes in his own name to foreclosure between 2003-2005.

https://ericnoveshen.wordpress.com/2015/09/25/howd-he-bank-dough-no-rent-no-mortgage-foreclosures-are-second-nature/

Eric Noveshen’s 2005 bankruptcy

https://ericnoveshen.wordpress.com/2015/10/24/no-love-lost-noveshen-refuses-to-pay-back-family-members-according-to-bankruptcy-filings/

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JP Morgan Chase filed to foreclose a second time in January 2013. Court documents show the grandmother Hartman asked Noveshen to leave the property so she could apply for a short sale. Eric Noveshen refused and made her sue to evict him to leave. Serious lack of any morals after all the poor woman did for him.

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After being short sold the Las Olas house was later auctioned for sale.

Noveshen, in a house under his mother’s name – is set to got to court for the foreclosure trial of the house he has maintained for 12 years and not paid the mortgage on for NINE years (2007-present no payments) and lives in now in May unless he finds a way to legally snake his way out of that one abusing the Broward County Courts too.

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Law Offices of Eric Noveshen? AKA Law Offices of Vexatious Litigation – Or Just a Simple Oversight at Plain Site

This is a follow up to a blog posted in November 2015, “ABUSE OF FLORIDA COURTS, ERIC NOVESHEN’S 42 CASES“. That Blog was a follow up to a blog dubbed, “NOVESHEN WANTS PITY, PLAYS ATTORNEY.” Indeed he enjoys playing attorney, smirking at opposing parties, making degrading even personal remarks against Judges, attorneys and their clients. And boldly using the “Attorneys and Employees ONLY” door at Broward County Courthouse to bypass all the “non attorneys.”

Eric Noveshen Broward Court House

Now some websites are listing “The Law Office of Eric Noveshen” What a Hoot! (See Investors Hub.com for that reference).

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Eric Noveshen has often claimed he should just be given an honorary law degree. If that ever happened Florida attorneys your bar number just went way down in respect and value.

An update on the numbers listed in the Nov. 2015 blog. Since 2002 Eric Noveshen was sued,  or counter-sued a person /company in 44 cases since 2003. A 90% complete list is below.

The worst kind of Pro Se litigant is the one who thinks he’s smarter than other lawyers and even the judge. Broward County’s version of Roy Pearson (the infamous “pants lawsuit”) where Pearson demanded $67 million because a dry cleaner fried his pants. Noveshen is almost that extreme. He abuses and uses local and Federal courts, it appears, to clear his credit card debts, to live free without having to pay mortgage or property taxes and to exact revenge on those he has stolen money from who dared try to collect. The sick part is he seems to enjoy it. Noveshen wrote on his Facebook, “Eric Noveshen is a legal eagle.” After getting The Honorable Judge Horowitz to requse himself – after Noveshen tried three times and finally got his way by personally insulting the Judge.

44 vexatious cases demonstrate Noveshen’s dirty legal tactics: Lies in pleadings; stall tactics (filing worthless appeals to the 4th DCA of Florida); Disregard for Federal and State Rules of Civil Procedure; Using friendships with Judges and Mediators to win favor in his cases.

Noveshen Cases 5

Noveshen Cases 2

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Eric Noveshen anti freedom of speech

One of the latest in the 44 lawsuits is a legal action Noveshen filed in an attempt to have all facts surrounding his litigious behavior, court abuse, and all facts about his connection to penny stock pump-n-dump scams removed from this blog and from the entire internet. Easy access to facts about Noveshen’s  sketchy performance in the financial industry makes it harder, he argues, for him to obtain new clients. Go figure.

 

 

 

 

 

Eric Noveshen Seeks to Conceal his Fraudulent Business Activities

Eric Noveshen anti freedom of speech

Eric Noveshen, a great divisor of financial schemes, a great vexatious litigant, a great manipulator of Florida foreclosure laws to attain free housing, a great, to sum it up a great fraud – is seeking to have this website and any others exposing his financial scams taken down.

Noveshen demands that these pages contain “untruthful” claims and defamatory remarks, much like the baseless “Cease and Desist” Noveshen posted on a RipOff Report about his business. Other then reader comments, which we cannot verify, Noveshen has not identified anything untruthful on this site. The fact is every blog is based on and often features the public document upon which it is based. Proof is in the publications, many written by Noveshen himself.

Noveshen’s goal is to deprive would be investors of information. He will bully, harass, stalk and sue, anyone attempting to combat his economic crimes through exposure. He want’s this site down because it links his dozens of fraudulent activities in one easy-to-find location, ultimately shrinking his pool of potential victims to deprive of money. Operating in secrecy is the only way the “stinky pinky” penny stocks Noveshen makes a living off of thrive. If his name is publicly linked investors would run!

We issue this challenge – can someone provide the name of ONE company Eric Noveshen has been a broker/employee where he was not sued for illegal broker activities? Or fired for same? Or didn’t include in his personal bankruptcy to avoid repayment of debt? Not Roan Meyers (sued and settled for unauthorized trading, fraud, common law fraud and negligence). Not Gruntal & Co. (sued unauthorized trades) ultimately fired for violation of firm policy. Not Newbridge Securities, see Noveshen bankruptcy filing, 2005.

Is there any company Eric Noveshen has acted as a “consultant” to that is not associated with claims of kickbacks, shorting, churning, pump and dump or other stock manipulation tactics?

Is there any home Eric Noveshen has resided from 2000-2016 that has not been the subject of a foreclosure lawsuit? See Bank One Indymac v. Eric L. Noveshen 2003. Wells Fargo v. Christina Noveshen and Eric Noveshen 2003. Or property documents on 436 NE 10th Ave, 33301 and 508 Coconut Isle Dr., 33301.

Are any of Noveshen’s companies not associated with a type of fraud? Envision Capital, Bridgewater Capital, Bridgewater Advisors, HR Ventures, Envision Foods have all been linked to fraudulent activities.
There are no erroneous claims contained in these pages. If any documents are misinterpreted, with a proving of otherwise we professionally ensure correction will quickly ensue.
A warning is issued to anyone considering doing business with Eric Noveshen, loaning him money or purchasing a penny stock Noveshen is positioned to benefit from:
Any man who seeks to bury the first amendment right to talk about his business interactions because he cannot boast of legitimate success is FISHY. If it smells like a fraud and flops like a fraud throw it back and WASH YOUR HANDS CLEAN.

How Ribotsky and “The Purchaser”Kept NIR’s AJW Fund Fraud Alive

A recent blog sited a 2011 SEC complaint against the NIR Group and Corey Ribotsky. Part of the complaint stated Ribotsky “entered into a multi-million dollar transaction with the Purchaser and his entities that was clearly not in the best interest of the AJW Funds.” The complaint further states, “Prior to entering into the debenture transactions in November and December 2008, Ribotsky knew and in fact told others the Purchaser’s character and reputation for honesty were suspect.”

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There was much speculation on several investment boards that “the Purchaser” was Eric Noveshen. Ribotsky commissioned an investigation into the Purchaser’s financial condition, part of the report summary:

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From Investors Hub,  investorshub.com 

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Description of the “Purchaser” in the 2011 SEC Complaint: 

NIR Purchaser

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NIR Purchaser 3

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We wondered why would Ribotsky enter into a multi-million-dollar transaction for AJW Funds with a “Purchaser” he clearly knew was not financially sound enough to pay his own credit cards?

The SEC summed it up simply, the transaction, that was sure to fail, allowed Ribotsky to report “a “realized” gain at a critical time without his funds actually receiving any money.” In other words it allowed him to defraud AJW investors longer. We don’t know if “the Purchaser” was compensated for assisting in this act of fraud.

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SEC release 2

Speculation that the “Purchaser” was Eric Noveshen was not limited to the timing of his Edooorways deal with NIR. The SEC complaint says the Purchaser had many debts. Court records show many lawsuits were filed against Novehsen, his companies and straw buyers, for failure to pay credit cards and other obligations in 2008 and 2009, below are just a few.

American Express vs. Cheryl Wilson and Eric Noveshen filed June 2008. 

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KRGCrec vs. Eric Noveshen filed May 2009, Cypress Creek vs. Envision Cypress (Eric Noveshen’s company) filed November 2008, Citibank vs. Estelle Hartman, “interested party” and card holder Eric Noveshen filed Sept. 2009

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Wakefield Quinn Barristers & Attorneys vs. Envision Capital, Bridgewater Capital LTD (Eric Noveshen’s companies) filed in 2008

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The home he resided in went into foreclosure in 2008 as well. And his Former Wife found document’s apparently showing “clear wrong doing in the nature of mortgage fraud” likely occurred in Noveshen’s obtaining the use of that property.

Jpmorgan Chase Bank vs. Estelle Hartman (straw buyer for resident Eric Noveshen) Real Property Foreclosure filed July 2008 

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Aurora Loan Services vs. Cheryl Wilson (straw buyer for resident Eric Noveshen). Real Property Foreclosure filed April 2008 

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Eric Noveshen’s Attempt to Defraud One of Fort Lauderdale’s Most Charitable Men

Eric Noveshen’s lack of a moral compass is made clear by his fraudulent actions that have caused financial injury and stolen hundreds of thousands of dollars from many, including American Express, Nationstar Mortgage, Andew Kostas, JP Morgan Chase, Paul Carter, Jack Boyle, Kirk Newkirk, Citibank, and even his OWN biological grandmother! He feels entitled, and gets a free pass for these despicable actions through his frequent abuse the Broward County Courts, in addition to his misuse of Florida’s Fourth District Court of Appeals and the United States Federal Courts.

Leave it to Noveshen to take advantage of such a generous man. Eric Noveshen began employment with Jack Boyle, who is in his 80’s and his family’s company Multaply in 2013. Beginning in the fall of 2014, unsatisfied with his income, Noveshen began conspiring a plan to take millions from Jack Boyle. Ultimately in December of 2014 talking Mr. Boyle into using his house (worth $4.8-million) as collateral to buy a company that under Eric Noveshen’s twisted plan was destined to fail and default into the hands of Noveshen’s conspirators. Sadly, if Mr. Boyle didn’t have good attorney’s and advisors Noveshen planned to take Jack Boyle’s home and call it his own might have succeeded.

Eric Noveshen Fraud mortgage

 

Misuse of the Courts:

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Eric Noveshen/ Cheryl Wilson v. American Express

 

 

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Mortgage Fraud: Noveshen still living Rent Free Abusing Broward Court System

This is a follow up to a blog we posted on September 25 2015: “No Rent No Mortgage, No Problem: Fighting Foreclosures is Second Nature to Noveshen. Don’t Tell the Neighbors.”

https://ericnoveshen.wordpress.com/2015/09/25/howd-he-bank-dough-no-rent-no-mortgage-foreclosures-are-second-nature/

Eric Noveshen and his straw-buyers his Mother and Grandmother collectively have been sued for foreclosure for non-payment of mortgage, six times. They lost homes in three out of the six lawsuits but lived nicely for a decade for free in two of the others by abusing the Broward County Court foreclosure process.

The pattern according to court documents and pleadings: 1. They get into a home pay for a while 2. Stop paying mortgage. 3. Noveshen begins running mortgage companies in and out of Broward County Courts 4. Remain in homes without paying mortgage, Broward property taxes and insurance.

Current case: Noveshen’s current residence, in his Mother’s name Cheryl D. Wilson, Nationstar v. Cheryl Wilson, et al. Noveshen moved into the house in 2004, home went into foreclosure in 2005. They paid up but stopped paying again. House back in foreclosure in 2008. Noveshen took to the Broward Courts to get the foreclosure tossed out. Nationstar mortgage filed again in 2013. From 2007-present (2015) Noveshen and his Mother have occupied or rented the home out without paying one dollar except in court fees. In the same time they enjoyed cruises and trips around the world and purchased three new cars.

Documents below show Nationstar trying to prevent Noveshen from filing on behalf of his Mother (he tried to pretend he was Mom’s husband in motions filed in 2014 he writes, “Former Husband, Eric Noveshen”). But Wilson depends on her litigious son to save her from having to pay her bills so he filed a motion to insert himself in the case.

Page 4 reveals their Get the House for FREE tactic: claim the mortgage company committed fraud/doesn’t have original documents. Would this mean everyone whose mortgages are sold to other companies should get FREE HOMES TOO? Dangerous precedent. 

Mortgage Fraud 1

Mortgage Fraud 1

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Cheryl Wilson’s new car worth over $20-thousand purchased outright in 2015, NO LIEN HOLDER – means she paid in full. Instead of paying their mortgage. Why? Because they can! 

Mortgage Fraud 1

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