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Cases / Real estate

4 Life LLC, My Home Banc

Terence Mayfield

ReportedSep 23, 2009
LocationPhoenixville, PA
Amount$1,000,000

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
4 Life LLC, My Home Banc
Industry
Real estate investment program (income-generating properties, "foreclosure bailouts")
How investors were recruited
Members of The Church of Grace and Peace
Pitch & red flags
My Home Banc program would "help investors eliminate debt and build wealth through investments in income-generating real estate"; entry fees of $1,000 and $1,500; promised information on properties that would "generate positive cash flow"

Pitch phrases from this case

Source

FBI official

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