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  1. #1

    Beware of Personal Wealth Systems (Mortgage Secret

    I made the mistake of spending money with this company in Modesto California to obtain a loan mod program-they dropped the ball on me. Never returned calls, ignored emails. Jason Highfill is nothing but a pushy salesman in it for his own benefit. They just take your money and run. It went from being a good company to very unethical and dishonest. I hope not too many others were swindled by this outfit. :zx11pissed:

  2. #2
    Join Date
    Feb 2010

    Re: Beware of Personal Wealth Systems (Mortgage Se

    I am today in the same position with Jason Highfield. He promised a loan modification, took the money and did nothing. I hear from a reliable source that he has been stopped from doing this at present.
    Please do NOT give this man your money.

  3. #3
    Join Date
    Dec 2004

    Re: Beware of Personal Wealth Systems (Mortgage Se

    Thanks for warning others but that is because you are dealing with a crook!

    BEGINNING OF PAGE #1 -------------------


    LITIGATION RELEASE NO. 14688 / October 12, 1995

    SEC v. Personal Wealth Systems, Inc. and Gary M. Haiser, Case No.
    95-473-Civ-J-20 (M.D. Fla.), Judge Harvey E. Schlesinger.

    The Securities and Exchange Commission ("Commission") announced
    that on May 30, 1995, a complaint was filed by the Commission in
    the United States District Court for the Middle District of
    Florida seeking permanent injunctive relief, civil penalties, an
    accounting and disgorgement against Personal Wealth Systems, Inc.
    ("PWS"), a privately held Florida corporation based in
    Jacksonville, Florida, and Gary M. Haiser ("Haiser"), its
    president, also of Jacksonville, Florida.

    The complaint alleges that from at least June 1986 through at
    least June 1994, PWS and Haiser operated a multilevel marketing
    pyramid scheme by offering and selling PWS memberships to the
    public. The complaint alleges that the PWS memberships
    constituted investment contracts, and thus securities, which were
    offered and sold to the public in an unregistered distribution
    for which no exemption from registration was available. In
    connection with the offer and sale of the memberships, the
    complaint alleges that PWS and Haiser made fraudulent
    misrepresentations and omissions of material facts concerning the
    potential return associated with the PWS memberships, the risk of
    market saturation, and the prior financial performance of PWS.

    The complaint alleges that the scheme generated total gross
    revenues of approximately $7.7 million, of which approximately $6
    million, or 78%, was generated by fees from membership sales.
    Although the total number of persons purchasing PWS memberships
    is not known, PWS had 1,840 members as of April 1993.

    The complaint seeks to enjoin PWS and Haiser from violating
    Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933
    ("Securities Act"), 15 U.S.C. Sections 77e(a), 77e(c) and 77q(a),
    and Section 10(b) of the Securities Exchange Act of 1934
    ("Exchange Act"), 15 U.S.C. Section 78j(b), and Rule 10b-5, 17
    C.F.R. Section 240.10b-5, promulgated thereunder. In addition,
    the complaint seeks civil penalties pursuant to Section 20(d) of
    the Securities Act, 15 U.S.C. Section 77t(d), and Section 21(d)
    of the Exchange Act, 15 U.S.C. Section 78u(d), against PWS and
    Haiser, an accounting and disgorgement of all ill-gotten gains.

  4. #4

    Mortgage rates

    I just read that Mortgage Rates at This Year's Low, Thanks to Greek Chaos. Here is the link:http://www.housingwatch.com/2010/05/...to-greek-chaos

  5. 05-21-2010, 04:48 PM

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