TAX LIEN SALES TO PRIVATE COLLECTION BUSINESSES
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Cuyahoga County Land Bank - President Gus Frangos WORLD'S BIGGEST IDIOT land bank scam fraud waste conflict violation trust
Submitted by Gone Fishin on Tue, 04/23/2013 - 19:18.
Cuyahoga County Hypocrite Con Artist GUS FRANGOS - President of the Cuyahoga County Land Bank
Gus Frangos is in deep shit with his numerous conflicts of interest. I hope this serious conflict of interest causes him to lose his six figure salary- paid by the collection of delinquent property taxes.
Gus Frangos shell LLC property - 1158 East 61st Street LLC- was tax delinquent for years with a tab of over $25,000 in delinquent taxes for 1154 & 1158 East 61st Street in Cleveland, Ohio.
The over-inflated mortgage ( $175,000 ) that Gus Frangos signed for was never repaid. Gus Frangos signed the mortgage as 'Gus Frangos, Member of 1158 East 61st LLC'.
Cuyahoga County filed a delinquent property tax foreclosure case against the shell LLC. Judgment was granted and the second and final sheriff auction sale was yesterday, April 22, 2013.
There were no bidders. Now Gus Frangos' shell LLC - 1158 East 61st Street LLC - will be ordered into the Cuyahoga County Land Bank.
Gus Frangos will again have control over the same exact property that he just walked away from and stuck taxpayers with the $25,000 bill.
Gus Frangos former employer- Cuyahoga County Treasurer's office , Jim Rokakis, ignored the delinquent property taxes for many years while Gus Frangos was employed.
Parcel Number 104-13-070
DELQ BALANCE $ 17,220.04
County records reflect that the mortgage of $175,000 was never repaid. No mortgage release in the fiscal office.
Gus Frangos address in Hudson is used for the mortgage.
GUS FRANGOS SIGNATURE ON THE MORTGAGE ; " Gus Frangos, Member 1158 East 61st LLC"
GUS FRANGOS HIRED AGENT, LADON RUFFIN, TESTIFIED UNDER OATH ON SEPTEMBER 15, 2011 THAT FRANGOS HIRED HIM TO COLLECT RENT
County tells delinquent taxpayers to pay up
Excerpt: Erie County commissioners Bill Monaghan and Pat Shenigo got a huge assist last year from Jim Rokakis, the former Cuyahoga County treasurer who currently serves as director of Thriving Communities Institute, which supports land bank programs throughout Ohio.
Rokakis helped establish the Erie County Land Bank and the state awarded the county about $473,000 to demolish abandoned structures on blighted properties. The county land bank program also puts teeth into the efforts to force delinquent property owners to make decisions about their properties and become responsible as land owners.
We never understood why other county officials were so reluctant previously to push people to pay what they owe in back taxes, but were glad that reluctance — whether it was personal or politics — was beaten down.
Gus Frangos needs to be removed from his position immediately.
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