Welcome to the
Coreclients Against Fraud Website
This is an UPDATE on our story
We would like to first thank everyone that has graciously donated to our cause, which has assisted us in keeping this case on track, We would especially like to thank the generous donation from several local businesses in our area, God Bless You All. Please continue to donate and will ensure these criminals end up where they belong. So if you have not donated please do so by clicking on the above Paypal button. All donation will be utilized to investigate or try the case in court we have no overhead and all monies will go towards the civil lawsuit. So please continue to give....THANK YOU!!!
Coreclients Against Fraud are victims of a Massive Ponzi Scheme which involved Real Estate & Mortgage Fraud and an Iraqi Currency Scheme. These terrible crimes were committed by several people who claim to be ‘investment advisors’ and ‘real estate investors.’ They targeted several states of active-duty and retired military, church communities, the retired and elderly, nurses, and the Filipino Community. They claimed that we would see financial independence in 3 years if we followed their instructions to the letter without asking questions. Many of the perpetrators used their affiliations with churches and their Christian beliefs to deceive even more unsuspecting victims. Many of the victims are the families of the perpetrators, but in true narcissistic fashion, the crooks believe they ‘deserve’ our money to spend in any fashion they wish. None of these perpetrators have backgrounds or licenses to do investments. Some of them are former web-page designers.
These grifters operate by utilizing existing business’ names and steal their identity and reputation. Once that business is tied to the scam, they quickly change their name to another legitimate businesses’ name. All of their businesses are Nevada registered LLC’s. They operate in Temecula, Murrieta, Palomar, San Diego, Las Vegas, Tucson, Mesa, Phoenix, Oakley, San Francisco, and Bakersfield. Go HERE to see a current list of company names they have used in the past and currently operate under. New companies are being developed daily as the crooks are beginning to feel the heat from law enforcement.
***
We are currently looking for Past, Present, and Potential Victims of these perpetrators. It is very important that you contact Contact us or Law Enforcement ASAP to give them your statement regarding what happened. Even if you managed to avoid becoming a victim, your statement would still be very helpful. We are also looking for any Mortgage Professionals, Appraisers, Real Estate Agents, Escrow Officers, and Notary Agents that may have come in contact with the perpetrators. Your statements to Law Enforcement are also VITALLY important. If you feel you have ‘any’ info to share, please contact Contact us
***
January 10-11, 2008 was a landmark Day due to the GUITLY Verdicts rendered in the Heath Case. That scam shared many similarities to this scam. The 3 men indicted in the Heath case faced 401 criminal counts. A jury returned GUILTY verdicts on 400 of those counts. Those men face very long prison sentences. We are ecstatic for the 1600 victims that were handed a long-awaited victory on that day! It took many years to bring that case to trial.
***
SCHEMES
There are several alleged schemes operating concurrently, with some victims only involved in a single scheme and many others victimized in multiple schemes (this was dependent upon your ‘credit-worthiness’). The schemes are as follows:
- Real Estate Investment Scheme required you to refinance primary residence and give them proceeds to invest in real estate. They ‘promise’ to pay the additional debt burden on your property. They then buy you ‘investment properties’ and wire mortgage payments for you to pay the note. A few months later they sell the property and ‘HIJACK’ the proceeds to their bank accounts, have you Quit Claim Deed it over to Total Return Fund, or just stop sending you mortgage payments so that you default on the loan. They also over-inflated appraisals and skimmed money off. They were to use the proceeds of your refinance to open up a brokerage account in your name to invest in stock, commodities, currency, precious metals, and diamonds.
- Equity Sharing Real Estate Scheme is their newest scheme where they state they are buying you a property and will give you 6-9 months worth of mortgage payments. Problem is, once you sign the loan docs, you never see a penny of the money promised and you will quickly default on the property. (these are the scammers’ properties that they are trying to unload)
- Total Return Fund/300%/ Credit Card Scheme is where they open multiple lines of credit for you and then instruct you to pull proceeds off these cards and wire them the money. You have a difficult time claiming fraud as you pulled the money off the cards they opened up. You followed their instruction because remember, “Clients do what they are told without question or they are either ejected from the program or passed over for the next amazing opportunity.” This one they also ‘promise’ to pay the credit cards back.
- Special ‘Short-term Currency Investment’ Scheme where they claim you will be given the proceeds of your investment after 6 months as a reward for being such a good client. Many clients accessed personal savings and 401k retirement accounts for this opportunity. This resulted in a delivery of Iraqi Dinars far below the fair-market value sum.
- Credit Repair Scheme where they take your credit that they screwed up and then ‘promise’ to repair it. How very generous of them.
- Total Return Distress Property Scheme whereby you purchase membership units at a set rate for distressed properties that Total Return Fund rehabs and sells at a profit.
- Services and Investment Plans are constantly changing but the players remain the same. We suspect they are currently purchasing foreclosures at greatly reduced prices. It is also possible they may have joined in with the FORECLOSURE RESCUE SCAMS that are growing at an exponential rate.
Several hundred properties are involved, most have been foreclosed on or are in the process. The majority of properties are located in Temecula and Murrieta, and these cities are now experiencing a huge drop in property value and several neighborhoods are full of Stonewood foreclosures/short sales. We believe the damages and economic impact to this area could be well over $1 Billion dollars. The majority of victims are losing their primary homes.
We have been Financially Raped by these people who called themselves ‘FAMILY.’ They speak with all their victims about Faith and Trust and a sense of Family. They repeatedly represent that you can get out at any time if you feel uncomfortable. What they neglect to tell you is that you do so without ANY of the money you invested with them.
James B. Duncan and the Henson Group has been previously ordered by 3 states (Washington State, Iowa and Wisconsin) to Cease and Desist with unlicensed investment activities. Go Here to see the Cease and Desist orders. James Duncan, nor anyone who works for him, has been able to produce the necessary licenses that allow him to participate in investment activities. Repeated requests for copies of their licenses have been ignored. James Duncan has a very sordid past of ripping people off.
James and Andrea Duncan spend this stolen money lavishly. He bought Andrea an exclusive Murrieta Boutique called Blushed Boutique where she sells designer jeans for $400 a pair. They all drive Navigators, BMW’s, Mercedes, Maserati’s, all high-end vehicles, even for the kids. They live in a $2.3 million dollar mansion. They travel extensively abroad to places like Malta, Hawaii, France, Mexico, Philippines and frequent Las Vegas. There James Duncan, Hendrix Montecastro, and their inner circle get a suite and hire prostitutes after they have exhaustively gambled away our money. Extremely expensive trinkets are bought for Andrea, such as a $50,000 diamond ring. Andrea claims she has no idea what her husband does for a living. James’ father, DJ Duncan is a minister and has a mission field in Central America. I’m sure he is very proud of his son.
The Montecastros’ are no different. Hendrix and Brandy recently bought a lovely condo on Lake Las Vegas (even though they have let many homes go into foreclosure under both of their names). Hendrix Montecastro surrendered his real estate license to the DRE in mid-2006. We believe he is currently doing normal business under Ocean Ridge Equity, run by Bobby and Cindi Kelly, in the greater San Diego area. Helen Montecastro, Hendrix’ mother has been busy with her trips to the Philippine Islands, checking on her property acquisitions there.
Help us to STOP them!!!
If you believe you are a victim, please contact the agencies listed above and join our Victim Group. Please have the following information available: full name to verify against a victim database, IP address (available on the upper left-hand corner of this website), and your geographical location and include it in your request to join.
If you have been approached to do business with them, do so at your own risk. You should seek the advice of an accountant or your own lawyer no matter what. There are likely over 850 victims that will be happy to share with you their stories.
You may view the 4 State lawsuits by clicking HERE and search on Pacific Wealth. A fifth suit against Total Return Fund is about to be filed in Orange County Superior Court.
We respectfully request that if you wish to help stop these people, a donation to our legal fund would be greatly appreciated. Please see the Paypal button at the top of this page. |
HERE! 
RIVERSIDE ---- Prosecutors are charging two Murrieta residents with mortgage fraud, the first criminal charges to follow a series of civil lawsuits by former clients and government regulators.