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Cases / Real estate

Baccala Realty Inc.

Aldo Joseph Baccala

ReportedJun 6, 2012
LocationPetaluma, CA
Amount$20,000,000

This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.

Company / entity
Baccala Realty Inc.
Industry
Real estate-secured loans for assisted living facilities, car washes and other businesses
How investors were recruited
Over 50 investors, many elderly with long-standing ties to Baccala and his family
Pitch & red flags
returns of "12 percent to 27 percent"; loans supposedly secured by first or second deeds of trust (never recorded)

Pitch phrases from this case

Source

patch.com

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