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Coming Soon: A Canyon Partners News Podcast Series:
Perjury for Profit: The Canyon Partners Story
Report on Mitchell Julis's April 2, 2024 Court Testimony
Mitchell Julis Admits All Foreclosures in Hedge Fund Scum
Canyon CEO, Mitch Julis, Testified in April 2024
Mitchell Julis Confirmed the Veracity of All Foreclosures in Hedge Fund Scum
In a truly unexpected development in a courtroom in Texas on April 2, 2024, Mitchell Julis told the truth, at least about Canyon Partners' history of foreclosures. Julis, Canyon Partners' co-CEO and co-founder, who also referred to himself as "co-dependent", fully admitted that all of the foreclosures in the popular Hedge Fund Scum book, which has his mug (not mug shot...yet) on the cover, are true. Mitchell Ralph Julis, under oath, confirmed the veracity of each and every one of the foreclosures in the Hedge Fund Scum book, which details the egregious pattern of mistreatment of Canyon Partners' borrowers.
The Hedge Fund Scum book is a copyrighted exposé on the loan-to-own practices of the Canyon Partners hedge fund, run by Mitch Julis and Josh Friedman. Hedge Fund Scum conveys true stories of how Julis and Friedman have captured hundreds of millions of dollars of property under the guise of being a legitimate lender. The evil acts committed by Julis and Friedman described in Hedge Fund Scum are just the tip of the iceberg - merely a fraction of those who have been tormented, extorted and stolen from. On the witness stand, Julis could not cite a single untruth in Hedge Fund Scum.
Julis and Friedman have battered borrowers for decades, endlessly lying to them and courts, searching for and manufacturing ways to default them, extorting them, fixing court orders, stealing hundreds of millions of dollars of properties, committing bankruptcy fraud and undertaking myriad other versions of fraud.
Mitchell Julis April 2, 2024 Court Testimony Excerpt
Joshua Friedman and Mitchell Julis, Not Unlike Bernie Madoff, Are Respected Jews Who Steal From Jews
Many Jewish authors have bemoaned the fact that so many of Bernie Madoff's victims were Jewish. Before his widespread fraud was discovered, he was a respected member of both the financial and Jewish communities.
Similarly, Mitchell Julis and Joshua Friedman, the owners of Canyon Partners, hold themselves out as observant pillars of the Jewish community and consider themselves to be successful members of the financial industry too. Yet, not unlike Madoff, many of Julis's and Friedman's victims have been Jewish too.
In both firms, their clients were were victimized by myriad schemes. In the case of Madoff, he portrayed himself as a bona fide investment manager. At Canyon Partners, Friedman and Julis hold themselves out to be a legitimate lender. Yet, time and time again, Canyon's actions have proven that they are anything but legitimate, rather intentionally putting loans into default to steal hundreds of millions of dollars of property and money.
"The Believers: How America Fell for Bernard Madoff's $65 Billion Investment Scam" by Adam LeBor discusses Bernard Madoff's Ponzi scheme, his co-conspirators, and why so many people were deceived. The book demonstrates "the devastating effects of the scheme on charities, foundations, and individuals who had placed their trust in Madoff. It also raises thought-provoking questions about Madoff's motivations and the factors that contributed to the widespread deception, including the perplexing reality of how such a well-respected figure in the Jewish community could perpetrate such a massive fraud."
Canyon Gives Deed in Lieu on 1130 Market in SF - Julis and Friedman Fail Again
Does Canyon Partners only make money in real estate when they steal from their borrowers? While Canyon co-owner, Mitch Julis, may have set the world record for biggest markdowns on his residential properties in history, his partner, Josh Friedman, lost a $50 million building in San Francisco. The pair has perfected taking advantage of borrowers to get high IRRs but when they do their own real estate deals, they are clear failures.
On 1130 Market, they lost everything, handing over the keys to the building once recognizing their investment scheme completely failed.
Joshua Friedman and Mitch Julis Had Their Spokesperson Blatantly Lie to Law360
In yet another clear exhibition of their willingness to lie whenever it serves them, Mitchell Julis and Joshua Friedman, co-owners of Canyon Partners, recently had their spokesperson tell yet another major lie, this time to the reporter, Lauren Castle of Law 360, a prominent legal publication.
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Decades of Borrowers' Work, Properties and Savings Taken
Canyon Partners "Successfully Forecloses" Again and Again
A review of Canyon's financial statement (obtained from a Freedom of Information Act Request to the University of Michigan) suggests that they view a foreclosure as a success. This would be in stark contrast to the commonly held view that lenders do not like to take ownership of their borrowers' properties. But does Canyon Partners buck this trend and view defaults and taking title through foreclosures as methodologies to make much more money than the interest rate on their loans? Canyon Partners Real Estate’s publicly available financial statements give reason for this concern.
Canyon's Financials Reveal That IT IS PROUD of Foreclosing!
Canyon Partners' Ownership
OPINION
Mitch and Joleen Julis May Have Set the World Record for Biggest Residential Real Estate Writedowns
Joleen and Mitch Julis of Canyon Partners had the bright idea of buying an NYC fixer-upper at 432 Park Avenue and figured they could make a score. Instead, they outdid their recent massive loss at 1109 Calle Drive in Beverly Hills when they had to drop the price $17 million to sell. Their schemes just ain’t working out. Massive failure a
Joleen and Mitch Julis of Canyon Partners had the bright idea of buying an NYC fixer-upper at 432 Park Avenue and figured they could make a score. Instead, they outdid their recent massive loss at 1109 Calle Drive in Beverly Hills when they had to drop the price $17 million to sell. Their schemes just ain’t working out. Massive failure after massive failure. Does Mitch Julis only make money in real estate when he steals from borrowers?
Here's the story of the Julis's even more massive loss. If you’re unfamiliar with the 432 Park Avenue building, it has been “likened to a middle finger”.
They bought 432 Park Avenue #79 in 2016 - in the infamous building widely known for its leaks, creaks and breaks - Joleen and Mitch hired local NY architects to fix it. But they got in a fight. Mitch has only been involved in a few hundred lawsuits so how could that have happened?
Needing to hide their involvement, the Julis’s plotted to use their secretive entity, 432 Crotona Park Avenue LLC. Cary MacMiller at Gelfand, Rennert and Feldman in LA is their go-to man for stealthy deals. Could it be that they use a hush-hush entity so prospective buyers don’t learn it’s the Julis’s and run? Hmmm…
It’s Time for Mitchell Julis and Joshua Friedman To Turn Themselves In
Imagine you’ve worked hard in life – in school, in your work, and generally each day. Your tenacity has paid off. Now you want to build your dream home. You bought the land over a decade ago and you’ve finally saved enough for a sizable down payment. So you work with the local building department, and hire good architects, engineers, i
Imagine you’ve worked hard in life – in school, in your work, and generally each day. Your tenacity has paid off. Now you want to build your dream home. You bought the land over a decade ago and you’ve finally saved enough for a sizable down payment. So you work with the local building department, and hire good architects, engineers, interior designers, and other consultants, and together plan a wonderful place.
Besides your down payment, you need a construction loan to fund the balance of the costs as construction progresses. The construction lender will earn interest and then you’ll pay them off when it’s done by refinancing to a typical long-term mortgage.
Your construction loan closes and you’re making loan payments on time. But when you submit your builder’s (on budget) Guaranteed Maximum Price contract for the lender’s approval, the lender refuses to approve it unless you agree to be extorted for substantial extra interest charges.
We Know Josh Friedman Lies to Courts but Does Josh Lie to His Wife, Beth Friedman, Too?
When Beth Friedman puts on her outfits that cost thousands, does she know how Josh really got the money? Does Beth know about Canyon Partners’ many victims? How could she not? Preliminary indications are that she is so closely involved that she even has her own assistant at Canyon Partners.
So if Beth knows what is really going on, do the
When Beth Friedman puts on her outfits that cost thousands, does she know how Josh really got the money? Does Beth know about Canyon Partners’ many victims? How could she not? Preliminary indications are that she is so closely involved that she even has her own assistant at Canyon Partners.
So if Beth knows what is really going on, do the women in her circle know too? Or does Beth brag to her inner circle that her husband is a fabulous businessman but conceal what’s really going on?
Bernie Madoff was a liar who perpetrated the world’s biggest financial fraud. But is Josh Friedman any better? Arguably he’s worse. Madoff’s victims recovered 88% but many of Friedman’s victims lost everything.
It’s unclear what Bernie Madoff’s wife, Ruth, knew. But it seems likely that Beth Friedman is either lied to by Josh, like he lies to courts, or she is in on it. We wonder too, does Beth Friedman know the full horror of it? Josh may not even know. When he premeditates to take control of his borrower’s assets, he cuts off all communication to avoid witnessing first-hand the acute pain and suffering that he has inflicted. He caused bankruptcies, lost life savings, ruined reputations, utter despair and perhaps even premature deaths.
Screamer Maria Stamolis Left Canyon and Has Taken Her Wicked Ways to Lincoln Property Co.
Known screamer Maria Stamolis, after announcing last year that she was retiring from Canyon Partners, has instead ended up at Lincoln Property Company. Stamolis is part of a long line of real estate heads that have left the firm. At Canyon, Stamolis oversaw a predatory lending platform designed to take advantage of borrowers, fix court o
Known screamer Maria Stamolis, after announcing last year that she was retiring from Canyon Partners, has instead ended up at Lincoln Property Company. Stamolis is part of a long line of real estate heads that have left the firm. At Canyon, Stamolis oversaw a predatory lending platform designed to take advantage of borrowers, fix court orders, manufacture defaults, lie to courts, premeditate property takeovers and commit other fraudulent acts repeatedly. Many court pleadings have described her lies to federal bankruptcy courts and numerous borrowers have described her as evil.
Many of Stamolis’s co-workers at Canyon Partners hated her and were afraid of her. Gerald Goldman and Marcus Neupert were so afraid that they would run through the office when she barked. Bruce Fraser, formerly at Sidley Austin, was a scared little wimp around her too. Trotting along to avoid being subjected to Maria’s wrath. Bruce Fraser would subject himself to anything for his $1000+ hourly fees.
BAD ACTS ORCHESTRATED BY MITCHELL JULIS AND JOSHUA FRIEDMAN
Manipulation of State Court Proceedings
SIX LAWYERS TO PREVENT DISCOVERY OF THE LAWYERS' COLLUSION
Fixing Court Orders
CANYON PARTNERS' LAWYER GOT COURT ORDER FIXED TO FORECLOSE ON ANOTHER PROPERTY
CANYON'S PREDATORY PLAYBOOK
MITCHELL JULIS AND JOSHUA FRIEDMAN HAVE A WELL-HONED PLAYBOOK TO TAKE ADVANTAGE OF BORROWERS
CANYON'S CHIEF INVESTMENT OFFICER LIED REPEATEDLY UNDER OATH
CRIMES COMMITTED BY CANYON'S LAWYERS AT DICKINSON WRIGHT
True stories about Dickinson Wright's Lawyers
Lies to Judges, Fraud, Collusion, Fixing Orders and Manipulating Hearings