Complaint / review text:
Investment Properties Mexico is bad news. Just Google Investment Properties Mexico Scam or Fraud to see what we mean. Richard Houghton is part owner of IPM and was chased out of the US for Securities Fraud in La Jolla. He then got busted again in Daytona Beach, Florida once again fleecing investors out of their retirement.
He then took off to Mexico and set up a boiler room there promising clients 300 to 400% returns. Just go to their website and see yourself. www.investmentpropertiesmexico.com.
His then partner, Mr. O'Neal discovered massive fraud and blew the whistle. Now, Investment Properties Mexico and Richard Houghton, plus his baby mama girlfriend Allison Zaner, daughter of David J Zaner dds of Ocala Beach, Florida have been charged in the Largest Land Fraud Case in the History of Cancun and the Riviera Maya..OH MY!!!! (article enclosed)
This charge culminated a 2 year investigation!
Richard Houghton attempted to pin his crimes on his ex-partner even to the desperation point of saying he had anything to do with Houghton taking money from a woman named Susan Sidwell. Her money went to buy land in Richard Houghton's name and Mr. O'Neal said perfect, Open the books! Of course Richard Houghton would not allow that.
Mr. O'Neal was NEVER on any bank account and got the heck out of there when he discovered the massive fraud committed (again) by Richard Houghton.
Richard Houghton will be deported after incarceration but unfortunately Mexico continues to run slowly and Richard Houghton is preying on that fact.
For those of you that have been or are being approached to buy their "investor only" land be careful. It is outright fraud. They need these sales of land to fund their illegal operation. They will ask you to send the money to the states for "your" protection. What??? The land is in Mexico. It is a ploy to wash the money and avoid paying taxes. Duhhhh
Richard Houghton of Investment Properties Mexico, it is a travesty that you chose a life of deception and are now paying for it. SMD.