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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.
Gerald Goldman and Neupert too were known for lying to borrowers, lulling them into a false sense of security and Neupert even partook in a lie to a prospective borrower pre-closing, assuring the prospective borrower that Canyon Partners had never foreclosed on any development projects while knowing that was a boldfaced lie. That borrower, College Terrace, like so many others, lost everything after borrowing from Canyon.
Maria Stamolis’s departure from Canyon is part of a long list of real estate people that keep leaving. Quincy Allen, Neville Rhone Jr., Bobby Turner, Daniel Millman, Bari Sherman, Jonathan Roth, Marti Page, Marcus Neupert, Roshan Sonthalia, Alison Weinberger, Chris Stanley … are all gone. Is it because Canyon’s owners, Mitch Julis and Joshua Friedman, instill a culture of deceit? All of these departed people undoubtedly know the truth.
When Jonathan Roth left, he wanted to turn over a new leaf and actually act in the borrower’s best interest instead of doing the opposite at Canyon Partners.
You can see Maria Stamolis testify on the same page, including her description of what happens to borrowers when Canyon Partners sent them a deed-in-lieu-of foreclosure, even when no loan payments had ever been missed.
Also, check out the testimony of Robin Potts, Canyon’s current head of real estate. It’s hard to imagine more lies in one short excerpt of testimony under oath. Stamolis and Potts were formerly co-heads of the corrupt real estate platform.
The question now is how long will it take for many people at Lincoln to despise Maria Stamolis? She will likely hold back her screaming for as long as she can but sooner or later, she’ll erupt. She just has to. That’s her. She pretends to be composed and polite, and is as phony as can be with people like Mike DiRe and Michael Yager from CalSTRS, but when she erupts, it is ugly. Her evil ways are bound to reveal themselves sooner or later.
We feel badly for the innocent souls at Lincoln who will have to put up with Maria Stamolis. The rest of the thieves still at Canyon Partners are probably ecstatic that she’s gone.
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