Category Archives: Market News

Chicago mortgage originator accused of bilking elderly homeowners out of $7 million

A mortgage originator from Chicago stands accused of running a reverse mortgage scam and defrauding elderly homeowners and lenders out of $7 million.

According to the U.S. Attorney’s Office for the Northern District of Illinois, Mark Steven Diamond is a mortgage loan originator with offices in Chicago and Calumet City, Illinois.

Diamond is currently facing seven counts of wire fraud after being accused of fraudulently causing lenders to make reverse mortgage loans to homeowners who either did not sign up for the loans or did so after Diamond allegedly misrepresented the terms of the loans.

The indictment alleges that Diamond fraudulently kept the loan funds for himself after convincing title companies to give the checks to him instead of the homeowners.

According to the indictment, Diamond targeted his victims, who ranged from ages 62 to 97, based on how much equity they had in their homes and whether they were financially sophisticated or not.

Additionally, the indictment states that if one of the relatives of Diamond’s alleged victims questioned whether a reverse mortgage was a good idea, Diamond would visit the victim’s home at a time when he knew the relative would not be there.

All in all, Diamond allegedly defrauded the lenders and homeowners out of $7 million.

Diamond pleaded not guilty to the seven counts of wire fraud.

Also listed in the indictment is Cynthia Wallace, who allegedly solicited homeowners into agreeing to allow Diamond to perform home repairs on their homes, despite Wallace know that Diamond would not actually perform the work.

The indictment also states that Wallace used several aliases and posed as a representative of the Department of Housing and Urban Development to fraudulently obtain money from victims.

Wallace pleaded not guilty to nine counts of wire fraud and two counts of falsely pretending to be an employee of the United States.

The indictment also seeks the forfeiture of $7 million from Diamond.

Article source: https://www.housingwire.com/articles/40511-chicago-mortgage-originator-accused-of-bilking-elderly-homeowners-out-of-7-million

Reliq Health Technologies Inc. (RQHTF: OTCQB) | Reliq Health Provides Corporate Update

VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 23, 2017) – Reliq Health Technologies Inc. (TSX VENTURE:RHT)(OTCQB:RQHTF) (“Reliq” or the “Company“), a technology company focused on developing innovative mobile health (mHealth) and telemedicine solutions for Community-Based Healthcare, is pleased to announced that further to its news release dated June 9, 2017 and June 22, 2017, the Company has received final TSX Venture Exchange approval on the non-brokered private placement of 6,937,200 Units (the “Units“) of the Company at a price of $0.11 per Unit for gross proceeds of $763,092.00.

Each Unit each consists of one (1) common share (the “Common Share“) and one half (1/2) transferrable share purchase warrant (the “Warrant“). Each of the 3,468,600 warrants entitles the holder thereof to purchase one (1) additional Common Share.

The subscribers to the private placement agreed to a voluntary 6 month hold period on securities issued. 

Total Pro Group involvement for 4,546,200 Units in the amount of $500,000.00 was subscribed for by one individual.

ON BEHALF OF THE BOARD

Dr. Lisa Crossley, CEO and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward Looking Information

Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements”.

We caution you that such “forward-looking statements” involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements.

Forward-looking statements include, but are not limited to, statements with respect to commercial operations, including technology development, anticipated revenues, projected size of market, and other information that is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. 

Reliq Health Technologies Inc. (the “Company“) does not intend, and does not assume any obligation, to update these forward-looking statements except as required by law. These forward-looking statements involve risks and uncertainties relating to, among other things, technology development and marketing activities, the Company’s historical experience with technology development, uninsured risks. Actual results may differ materially from those expressed or implied by such forward-looking statements.

Article source: http://www.otcmarkets.com/stock/RQHTF/news?id=162975

Sack Lunch Productions, Inc. (SAKL: OTC Pink Limited) | Thousand-Foot Waterslide Hits City Streets

Salt Lake City, June 23, 2017 (GLOBE NEWSWIRE) — FOR IMMEDIATE RELEASE

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Thousand-Foot Waterslide Hits City Streets

Slide the City announces 2017 schedule 

We will be joining you in Spokane on August 19, 2017. We can’t wait to slide YOUR city! 

June 23, 2017 – The sun is shining and the swimsuits and floaties are coming out of the closet! Slide the City is suiting up for 2017 with our fans ready to celebrate summer. Last year, cities full of water lovers slid into summer on this king-sized slide. With plenty of new locations, Slide the City will be the first to beat the heat when the summer returns and is the coolest water attraction without contest. Organizers anticipate lots of events in cities worldwide this summer, including our recent addition to our tour: Spokane!  

SLIDE SOCIAL: Innovation Only 

New markets being added weekly means the marketing team is busy curating an immersive experience online. With interactive live streams hosted by your cities favorite bloggers, personalities, and videographers. We leave digital mementos that provide an exciting platform for sharing and creating for EVERY slide enthusiast! 

“Stretching three city blocks, the slide definitely beats your usual morning commute!” said co-owner John Malfatto, “But this year we wanted to add something more. The only thing better than a slip and slide as a kid was the annual block party. Why not combine the two?”

Slide the City promises a block party to remember. After speeding down familiar city streets, sliders can take a break to check out street entertainers, visit local vendors, and munch on snacks enveloping the entire community and unique flavor each has to offer. This is about all of us and the greatest summer party you made the guest list for.  As always, Slide the City will donate a portion of the proceeds from each event to a local charity. 

“I brought my family and my girlfriend to Slide The City. You can find us by spotting our giant donut floaties. This would rank of one of the perfect summer swim days I have ever had. I slid, I conquered, and then I found tacos. Winning? “ – Damien, Atlanta 

Tickets for various locations are already on sale. Sliders can purchase a Triple or Unlimited Slider Pass. Bring your wackiest floatie and coolest sunglasses to slide. Visit www.slidethecity.com for more information about Slide the City dates and locations, or check out what fans have to share on our awesome social media outlets. For a sneak peek of what is to come watch this awesome 2 million view worthy Youtube clip:https://www.youtube.com/watch?v=fvvoVD_5PHE

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/40ec809d-a1f9-4a9f-bd68-02ddbbe9532e

Ameera Masud
Sack Lunch Productions
8017509577
ameera@sacklunchproductions.com

Article source: http://www.otcmarkets.com/stock/SAKL/news?id=162945

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