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PRESIDENT of the Cuyahoga County Land Bank - County Con Artist GUS FRANGOS - adds MORE fuel to the Foreclosure Crisis
Submitted by Gone Fishin on Sat, 06/01/2013 - 00:34.
I really like this photo of the interior of one of Gus Frangos' shell LLC properties. Ceilings caving in with big holes in the walls and floors. I am not sure what the hell one would call this - some kind of new yuppie art?
Cuyahoga County officials are really cracking down on Frangos' shell properties and the lack of paying property taxes FOR YEARS. Now the shell LLC owes more money in delinquent property taxes than the property is worth and has NEVER been sold out to the tax lien thieves.
On May 6, 2013, Cuyahoga County filed a second delinquent property tax foreclosure for another property owned by 1158 East 61st LLC:
TREASURER OF CUYAHOGA COUNTY, OHIO vs. 1158 E. 61ST, LLC - ET AL.
1158 East 61 LLC was incorporated by Gus Frangos. Gus Frangos signed for the over inflated $175,000 mortgage that has never been repaid. Frangos signed as being a MEMBER of 1158 East 61 LLC:
According to county fiscal office records, Gus Frangos shell LLC - 1158 East 61 LLC - owns the property located at 1154 & 1158 East 61st Street in Cleveland, Ohio. No property taxes paid for years. Collectively, these two properties owe Cuyahoga County over $25,000 in delinquent property taxes which were overlooked while Gus Frangos worked for the County Treasurer's office- the office in charge of collecting property taxes:
PARCEL ID 104-13-069
OWNERS NAME 1158 E 61ST LLC
PROPERTY ADDRESS 01154 E 61 CLEVELAND
TOTAL BALANCE $8,477.39
One of the properties owned by Frangos' shell LLC was recently lost via delinquent property tax foreclosure http://realneo.us/content/cuyahoga-county-land-bank-president-gus-frangos-worlds-biggest-idiot-land-bank-scam-fraud-wa and now county tax payers will have to foot the bill for another loss of delinquent property tax money and another vacant and abandoned property in Cuyahoga County -courtesy of the Cuyahoga County Land Bank's president - Gus Frangos - whose six figure salary is paid by the collection of delinquent property taxes.
I already caught the county con artist trying to pull a scam once (See below link ) and now the county con artist is at it again.
This time the county con artist GUS FRANGOS filed a mortgage deed for the property owned by 1158 East 61 LLC and named Al and Ruth Dailide as the mortgagors.
On December 1, 2008, Gus Frangos filed the following deed with the county:
And Frangos added the stipulation that this property is subject to the $175,000 mortgage lien to National City Bank that was already on the property- the money that Gus Frangos received and signed for himself:
There are several issues with this scam.
1) I drove by the property and took pictures. The property is not worth the $175,000 mortgage from National City Bank and never was. It looks like more of the fancy yuppie art work on the porch:
2) No property taxes were paid for years and the mortgage has not been paid either. This property is vacant and abandoned- same issue in which Gus Frangos receives a six figure salary to save us from.
3) According to county fiscal office records, this property is still owned by Gus Frangos' shell LLC - 1158 East 61 LLC. The shell LLC which Gus Frangos is a MEMBER was named as a defendant in both delinquent property tax foreclosures.
4) Gus Frangos filed paperwork to incorporate 1158 East 61st LLC with the Ohio Secretary and named Ladon Ruffin as his agent.
Pastor Ladon Ruffin appeared in court on September 15, 2011 and testified UNDER OATH that Gus Frangos hired him to collect and hand over rent money for several rental properties hidden behind shell LLCs. Pastor Ladon Ruffin specifically mentioned the properties located at 1158 & 1154 East 61st Street in his sworn testimony. Pastor Ladon Ruffin raised his right hand and swore to God that he last worked collecting rent for Gus Frangos six months prior to the September 15, 2011 hearing. Below is an actual copy of the court's order:
5) The issue with the property tax delinquency began in 2007 - prior to any - what I believe to be fraudulent mortgage deed - being filed with the county in December 2008.
6) There have been numerous evictions filed relative to the property located at 1158 East 61st Street- most recently in 2012. Not ONE SINGLE eviction was filed by the 2008 alleged new owners who fled the country in 2004 ( Al and Ruth Dailide ) and NOT ONE SINGLE EVICTION even mentioned the Dailides as being the owners. Every single eviction that was filed named 1158 East 61st LLC as the plaintiff / owner from 2011 thru 2012. Lots of rent collecting, but no mortgage or property taxes were being paid. It is a sure bet that no rental income was reported to the IRS either:
7) I believe the mortgage deed that was filed on December 1, 2008 for the Dailide family is fraudulent. Gus Frangos is attempting to place blame for this recent delinquent property tax foreclosure on Ruth and Al Dailide. Acording to the county fiscal office, this property was NEVER in the Dailide's name. The deed was in the name of John Stover Trust prior to transfering of the property to Gus Frangos shell LLC= 1158 East 61st LLC.
On December 1, 2008, Frangos slapped a mortgage deed on the property in the name of Al and Ruth Dailide ( See above copies )
I know Al Dailide personally. In 2004, Al Dailide FLED the country due to an investigation of Nazi War Criminal allegations and has NOT RETURNED SINCE. Dailid later had his citizenship revoked PERMANENTLY. It is NOT POSSIBLE for Al Dailide to have an interest in this property in 2008 AND sign for a mortgage with Gus Frangos when Al Dailide and his wife Ruth fled the country in 2004. I highly doubt that the Dailides were interested in purchasing property in the US in 2008 since Al Dailide was DEPORTED from the US prior to 2008:
War criminal who handed Jews over to Nazis for extermination 'lives openly in Germany'
A man convicted of collaborating with the Nazis in the mass murder of Jews during World War II has been found living in Germany.
Algimantas Dailide, 87, was stripped of his US citizenship and fled the country in 2004 after lying about his wartime activities.
He was an officer in the collaborationist Lithuanian Security Police and handed over innocent Jews from the Vilna Ghetto to the Nazis to be slaughtered.
Dailide, who is the ninth most wanted man on the Simon Wiesenthal Centre's list of Nazi war criminals, settled in Kirchberg, Saxony, where he has been living with his wife ever since.
8) Gus Frangos is a con artist who should be bunking with Frank Russo. http://realneo.us/content/gus-frangos-president-cuyahoga-county-land-bank-con-artist-jesus
More of Gus Frangos Yuppie Art Work:
And lots more of the Yuppie Art here http://realneo.us/content/cuyahoga-county-foreclosure-crisis-who-will-save-us-gus-frangos-president-cuyahoga-county-la
Who is responsible for adding fuel to the foreclosure crisis in Cuyahoga County???
** My blogs - expressing my freedom of speech rights - especially on matters of public concern are my opinion and NOT the opinion of my friends, family or employer **
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