The name Carlton Cabot has become synonymous with fraudulent tenants in common investments. In his heyday, Carlton Cabot and his investment company, Cabot Investment Properties, boasted over $2 billion dollars of high quality real estate investments. Just a few years later, most have failed or are worth far less than what investors paid. These projects […]
TICs and REITS – "Accidents Waiting To Happen"
William Galvin, Massachusetts Secretary of State and chief securities regulator, is investigating 15 brokerage firms for possible misconduct in the sales of “alternative investments.” These investments include Real Estate Investment Trusts (REITs), Tenancy-in-Common interests (TICs), private placements and oil and gas partnerships. Massachusetts shares our growing concern that these investments are frequently peddled to senior […]
TIC Awards Still Haunt Brokerage Firms
Claims for failed Tenants in Common (TIC) investments still haunt stockbrokers and investment advisers according to a story in InvestmentNews. According to the report published on Friday, arbitration awards continue to be made against broker dealers. TICs were a popular investment vehicle several years ago. An IRS ruling allowed individuals to pool their monies and […]
Sad Day For Cabot Tenants In Common Investors (TIC Post)
We represent dozens of tenants in common (TICs). Many of our clients invested with Carlton Cabot and Cabot Investment Properties. No telling where Cabot is hiding these days although its pretty common knowledge that investors, regulators and even the feds are hot on his trail. Whether or not his investors will ever be made whole […]
Dispatch from Rabbit Hash, Kentucky (Carlton Cabot Fraud Post)
by Brian Mahany I am writing this post from a picnic table on the banks of the Ohio River in Rabbit Hash (Boone County), Kentucky. A few minutes ago I left the Boone County Courthouse after fighting to protect the interests of two dozen families, many of them senior citizens who have been defrauded of […]