Colin Caughy aka Colin Roth or Colin Caughey Roth. Side kick Jodie Oniel, Di etc who did the banner ad type websites and webinar pictures. From the Gold Coast, Australia. Originally from Mudgee, NSW. Once had address of PO Box 72, Broadbeach. Worked for Remax at one point. Leaves a trail of defunct companies, websites, lies, broken promises and people who paid exorbordant commissions who are probably stuck with properties they can't sell at a profit, and then he'll blame everyone else saying he is trying to help people and how can someone be so unappreciative.
His business model is almost always the same. Colin Caughey sets up a new company website and/or worms his way into a real estate business in the USA. Usually a realtor or foreclosure auction company. Conducts seminars and webinars in Australia and other countries to rope in investors with cash to buy perceived relatively cheap properties in the USA and charges each a minimum $6000 commission or higher buyers fee on top of all the other buyers fees (auction or realtor fees) which is way more than a legal US realtor commission. I don't know how this can be legal as he's not qualified to give investment advice nor is he a realtor in the USA and previously never had a business visa or licence to work there anyway. They go to seminars in California themselves on 'how to do seminars' and how to upsell etc.
They buy foreclosure properties with investors money, (or any properties they think they can make a commission on), renovate with the clients money (making under the table kick back commissions from the builder and renovator, which is the clients money but don't tell them) then try to sell it. If it sells he then wants 50% of the profit which low and behold was never discussed at purchase. This is before he even knows what the investor's buying and selling costs were. If he doesn't get it he will pack a tantrum like a psycho, threaten to sue, put a lien on the property, call your mother names etc. Entirely unprofessional and makes things up (usually commissions for himself) as he goes along.
If a house doesn't sell at a profit it's the investor's problem and he uses the excuse 'the market has changed' or it's everyone elses fault but his and moves on. He's 'moved on' from Cleveland, Detroit, Las Vegas, Phoenix etc, currently in Florida. He's burnt his bridges everywhere he's been, hence he will say'the market has changed' (and he can't go back there).
Another scheme he will promote is the joint venture, where investors can pool their money (as little as $100 each) to buy and renovate and/or flip a property. He'll take 50% of any profit (plus kick backs along the way) even tho he's put no money in. And while you're there you'll be sold some other network marketing internet ponzi scheme on the side. To date there are no details of anyone actually getting their money out.
He teamed up with Dolf de Roos (currently president of a crowdfunding real estate scheme) for awhile and in Australia they conducted seminars selling foreclosure bus tours in Phoenix for $15,000. (travel and hotel extra), You could go on similar tours in Phoenix for fifty bucks. But wait there's more, you could also invest in old buses turned into permanent homes for low income earners right here in Australia with a company called ReturnFareInvestments.com. This company has since closed under dubious circumstances.
Colin Caughey arranged to buy 25 iPads on behalf of his Phoenix bus tour investors, but not before the supplying Apple store had to provide him with a free iPad and laptop for arranging the purchase. (kick backs everywhere). The bus tour folk were given a hotel booking code in phoenix so there was probably another hidden commission or kick back there also.
Warning if your approached by Mr Colin Roth aka Colin Caughey about property investing, You need to ensure you do your due diligence on everything he says. He is currently being sued in Fort Myers Florida, case number “14-CA-001971” for the following complaints. Breach of Joint Venture Agreement Unjust Enrichment Breach of Duty of Loyalty Breach of Fiduciary Duty Conversion Civil Theft Fraud Violation of the Florida Unfair and Deceptive Trade Practices Act Rescission pursuant to Florida Statute §517.211 Civil Conspiracy Fraudulent Conveyance This lawsuit is trying to recover the funds of over 800+ investors who have requested the return of their funds invested, yet he has failed to return anything. In 10 hearings so far the plaintiffs have won all 10 hearings, the court has also placed his USA companies into receivership, as the judge believe he has committed fraud.
Her words” He was also found guilty of contempt of court. As he refuses to provide discovery documents. “We wonder what he’s trying to hide, if you’re accused of something you didn’t do. Wouldn’t you be doing everything possible to prove your innocent?” While he comes across as an honest and respectable person, however be warning don’t be fooled! As part of the court case a lot of information has come out about his fraudulent history. Australian history he was the owner of Homes for Sale “trading as Cash Rich Properties” this company he created fraudulent marketing material were he says he made $165k profit on 10 homes. It now shows that he was never involved in most of these properties, and the real profit wasn’t anything near what was said. While he was bringing in innocent investors into his scam, he changed his name from Colin Caughey to Colin Roth. He never told anyone this! He also failed to tell the investors that Homes for Sale was currently being sued by the Australian tax office, and has been since been placed into receivership and deregistered. He was also charged with serious assault of a women over 60 in Queensland Australia. He fled to the USA as if nothing happened, and keep bringing in innocent investors into his scams. He bought 12 properties with investors funds, without ever using 1 cent of his own money. Some of these properties were purchased in is own name and kept hidden from investors. He was also living in properties rent free, and also collecting rent from the others and using as his own personal funds. The plaintiff’s had a fraud examiner investigate and they found that hundreds of thousands of dollars had been used for personal life style. He has sold 7 properties and failed to return any funds to the investors. He blames everyone else has caused all this to happen, yet he won’t provide any proof. The fact is he took the money and is personally responsible, his own bank records show this. Please be very careful with investing with him. He is currently working for Right Choice Realty in Fort Myers and is using there offices to bring in new investors.
Cash Rich Properties Reviews
Colin Caughy aka Colin Roth or Colin Caughey Roth. Side kick Jodie Oniel, Di etc who did the banner ad type websites and webinar pictures. From the Gold Coast, Australia. Originally from Mudgee, NSW. Once had address of PO Box 72, Broadbeach. Worked for Remax at one point. Leaves a trail of defunct companies, websites, lies, broken promises and people who paid exorbordant commissions who are probably stuck with properties they can't sell at a profit, and then he'll blame everyone else saying he is trying to help people and how can someone be so unappreciative.
His business model is almost always the same. Colin Caughey sets up a new company website and/or worms his way into a real estate business in the USA. Usually a realtor or foreclosure auction company. Conducts seminars and webinars in Australia and other countries to rope in investors with cash to buy perceived relatively cheap properties in the USA and charges each a minimum $6000 commission or higher buyers fee on top of all the other buyers fees (auction or realtor fees) which is way more than a legal US realtor commission. I don't know how this can be legal as he's not qualified to give investment advice nor is he a realtor in the USA and previously never had a business visa or licence to work there anyway. They go to seminars in California themselves on 'how to do seminars' and how to upsell etc.
They buy foreclosure properties with investors money, (or any properties they think they can make a commission on), renovate with the clients money (making under the table kick back commissions from the builder and renovator, which is the clients money but don't tell them) then try to sell it. If it sells he then wants 50% of the profit which low and behold was never discussed at purchase. This is before he even knows what the investor's buying and selling costs were. If he doesn't get it he will pack a tantrum like a psycho, threaten to sue, put a lien on the property, call your mother names etc. Entirely unprofessional and makes things up (usually commissions for himself) as he goes along.
If a house doesn't sell at a profit it's the investor's problem and he uses the excuse 'the market has changed' or it's everyone elses fault but his and moves on. He's 'moved on' from Cleveland, Detroit, Las Vegas, Phoenix etc, currently in Florida. He's burnt his bridges everywhere he's been, hence he will say'the market has changed' (and he can't go back there).
Another scheme he will promote is the joint venture, where investors can pool their money (as little as $100 each) to buy and renovate and/or flip a property. He'll take 50% of any profit (plus kick backs along the way) even tho he's put no money in. And while you're there you'll be sold some other network marketing internet ponzi scheme on the side. To date there are no details of anyone actually getting their money out.
He teamed up with Dolf de Roos (currently president of a crowdfunding real estate scheme) for awhile and in Australia they conducted seminars selling foreclosure bus tours in Phoenix for $15,000. (travel and hotel extra), You could go on similar tours in Phoenix for fifty bucks. But wait there's more, you could also invest in old buses turned into permanent homes for low income earners right here in Australia with a company called ReturnFareInvestments.com. This company has since closed under dubious circumstances.
Colin Caughey arranged to buy 25 iPads on behalf of his Phoenix bus tour investors, but not before the supplying Apple store had to provide him with a free iPad and laptop for arranging the purchase. (kick backs everywhere). The bus tour folk were given a hotel booking code in phoenix so there was probably another hidden commission or kick back there also.
Warning if your approached by Mr Colin Roth aka Colin Caughey about property investing, You need to ensure you do your due diligence on everything he says. He is currently being sued in Fort Myers Florida, case number “14-CA-001971” for the following complaints. Breach of Joint Venture Agreement Unjust Enrichment Breach of Duty of Loyalty Breach of Fiduciary Duty Conversion Civil Theft Fraud Violation of the Florida Unfair and Deceptive Trade Practices Act Rescission pursuant to Florida Statute §517.211 Civil Conspiracy Fraudulent Conveyance This lawsuit is trying to recover the funds of over 800+ investors who have requested the return of their funds invested, yet he has failed to return anything. In 10 hearings so far the plaintiffs have won all 10 hearings, the court has also placed his USA companies into receivership, as the judge believe he has committed fraud.
Her words” He was also found guilty of contempt of court. As he refuses to provide discovery documents. “We wonder what he’s trying to hide, if you’re accused of something you didn’t do. Wouldn’t you be doing everything possible to prove your innocent?” While he comes across as an honest and respectable person, however be warning don’t be fooled! As part of the court case a lot of information has come out about his fraudulent history. Australian history he was the owner of Homes for Sale “trading as Cash Rich Properties” this company he created fraudulent marketing material were he says he made $165k profit on 10 homes. It now shows that he was never involved in most of these properties, and the real profit wasn’t anything near what was said. While he was bringing in innocent investors into his scam, he changed his name from Colin Caughey to Colin Roth. He never told anyone this! He also failed to tell the investors that Homes for Sale was currently being sued by the Australian tax office, and has been since been placed into receivership and deregistered. He was also charged with serious assault of a women over 60 in Queensland Australia. He fled to the USA as if nothing happened, and keep bringing in innocent investors into his scams. He bought 12 properties with investors funds, without ever using 1 cent of his own money. Some of these properties were purchased in is own name and kept hidden from investors. He was also living in properties rent free, and also collecting rent from the others and using as his own personal funds. The plaintiff’s had a fraud examiner investigate and they found that hundreds of thousands of dollars had been used for personal life style. He has sold 7 properties and failed to return any funds to the investors. He blames everyone else has caused all this to happen, yet he won’t provide any proof. The fact is he took the money and is personally responsible, his own bank records show this. Please be very careful with investing with him. He is currently working for Right Choice Realty in Fort Myers and is using there offices to bring in new investors.