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This all-new book explores the incredible similarities between Bernie and Ruth Madoff to Canyon Partners owners, Joshua and Beth Friedman, and Mitchell and Joleen (Linda) Julis.
The shadow bankers at Canyon Partners, filling the holes of the commercial banking system, have intentionally wreaked havoc on so many lives to satisfy their greed, leaving countless victims in their wake.
It's common knowledge that it takes a team to complete construction projects, but Mitch Julis and Josh Friedman, the owners of Canyon Partners, repeatedly worked against their borrowers, withholding loan funds and intentionally tripping them up, while having their staff tell borrowers, "We're not your partner." While they were not technically partners per the loan agreements, borrowers never dreamt that their lender would be their enemy, secretly plotting to steal their money and properties.
Instead of releasing loan funds during construction in good faith, Julis and Friedman have repeatedly used a variety of duplicitous tactics including extortion, classic fraud of lulling borrowers into a false sense of security while secretly plotting to usurp control of their properties, manufacturing loan defaults when no loan payments were even late, causing liens by withholding loan funds, lying to courts, overpaying complicit lawyers, getting court orders fixed.... The list goes on. Each fraudulent act strategically premeditated to steal from borrowers by abusing their power and responsibilities as a lender.
Many people think that the things stolen by Mitchell Julis and Joshua Friedman can be summarized as hundreds of millions (or billions) of dollars of property and untold millions of cash. As heinous as those countless acts were, the Canyon Partners' co-owners theft of life’s most sacred intangibles was arguably much worse. Many of their borrowers were stripped of years of their time, their hard-earned reputations, their peace of mind and so much more.
In this new book, the fraudulent acts perpetrated at Canyon Partners are compared to Bernie Madoff's ponzi scheme. At Canyon Partners and Madoff's firm, their unsuspecting victims suffered similar fates.
The shocking similarities between Mitch Julis, Josh Friedman and Bernie Madoff, as well as the resulting ultra-elite lifestyles of their wives, Ruth Madoff, Beth Friedman and Joleen (Linda) Julis, are detailed in this all-new book. In the end, Bernie Madoff mustered the decency to admit his crimes and apologize profusely. His victims ultimately recovered 88% of their investments. On the other hand, Mitch Julis and Joshua Friedman are arguably much worse than Madoff for repeatedly having stolen everything from many borrowers - while displaying a repulsive arrogance - steadfastly pleased with their nefarious acts.
Each of the swindlers' schemes resulted in countless millions of dirty money, to the full benefit of their wives' lavish lifestyles. All the while, the unbearable repercussions for the fraudsters' victims lasted a lifetime.
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