This Blog is Published for the purpose of alerting the Public, the Tenant Occupants and the Vendors who have been lured into the ART ON MAIN, now supposedly Sponsored by Wells Marvin, Old Town and Shelly Glickstein.
Wells Marvin is a Ponzi Schemer, a Con-Man and a cheat. He has, as a result of his dishonest business practices, found that the Old Town Project is sinking in Debt and grave losses.
Rather than face the Financial Debacle, Marvin, a inveterate thief, chose to take the route of Fraud, embezzling, and cheating by luring investors by a phony $40Million Expansion of a loosing and detoriating Old Town.
Marvin, as part of his Scam, Published bogus Plans, Made applications to the City, Obtained a Option for City Land for $1,900,000.00 and then tried to con Investors from NYC to LA.
Marvin finally met a group of Trustees at the Desert Berger Foundation, who were known for their foolhardy supposed "Investments". Marvin wined and dined Doug Vance and others at Berger and conned these neophytes that Old Town was embarking on this "Major $40Million Expansion and all was going to be a Boon to La Quinta and all will make a fortune. Ponzi Schemer at its best.
Berger "Bought-in" and turned over $11Million of the Tax-exempt Berger Foundation Money to Marvin. This was supposed to be a Loan against the Bricks and Mortar etc. of Old Town Phase 1 and the supposed Phase 2. Except Berger did not know that the supposed Phase 2 was a fraud, impossible to launch, and Marvin had ZERO chance to raise $40Million for a loosing proposition.
In fact Old Town and Marvin do not have sufficient revenue to service the Interest payments due monthly on a $11Million Loan-Mortgage of at least $35,000.00 per Month.
Further to that, the Berger Foundation did not know and was not advised by Wells Marvin that he Defaulted on the City Land Option, and that he aborted the Ponzi Scheme Phase 2 Expansion. Now Berger Foundation is left with $11Million lost in the Bricks of Old Town Phase 1, wtht marginal tenants and insufficient Revenue to pay the Interest on the $11Million as well as general operating expenses of Old Town.
Marvin, now desperate has recently taken $20,000.00 from the City of La Quinta for his supposed Sponsorship of Art on Main, and has given desperate Vendors a Contract that Waves their right to Due Process whereby Marvin can terminate "WITHOUT CAUSE", a illegal Contract against Public Policy.
Also Marvin takes another 20% from the Vendor-artists of all sales proceeds as well. All of this Marvin Pockets, TAX FREE.
As part of the Scheme, Glickstein, a supposed Doctor, recently Mailed and Emailed a Flier defrauding to reader into believing that Old-Town spent the $20,000.00 on advertising Art-on-Main a blatant Fraud.
Marvin, now even more desperate knowing that he is under Investigation for his Looting and robbing a Tax Exempt Foundation, Tax evasion, extortion, money laundering, racketeering, has formed a new alliance with his lawyers who have advised Marvin on his Ponzi Scheme, looting a Foundation, concocting illegal Contracts, Money Laundering and extortion. These Lawyers Slovak Baron Empy and Thug Lawyer "Shaun Elmer-Gantry Murphy, a Irish Mob Thug, who is a courthouse cheat, perjurer, fraudster, and immoral shake-down pimp to engage in extortion harassment, trespass, stalking, reckless endangerment, threats and Racketeering RICO.
As such, all Interested Persons must be advised of the undercurrent of skulduggery, criminality, and extortion ongoing at Old Town.
In Fact a number of tenants have been charged with assault & battery bo citizens, conversion of property, stealing vendors sales money, illegal subletting, threats by wire and in person and theft of consignor property. All of these crimes condoned by Wells Marvin who suborns perjury, engages in phone extortion and threats himself and documented.
These crimes are supplemented by Slovak Baron Empy and Murphy who are desperate to Gag the revelation and reporting of their complicity in looting and luring in to Marvin's Fraudulent Phase 2 Schemes a Foundation who as a result of these Frauds have violated the IRS Mandates and their Fiduciary duties by negligence and failure to perform even the most rudimentary "due-diligence" which would have revealed that Marvin and his Lawyers are Ponzi Schemers and Criminals.
This BLOG will continue to keep the public apprised of the Criminal Enterprises at OLD TOWN LA QUINTA. CO.
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