Menu
Login
Jason Walsh, Jason Langheim and John Simoncini misrepresented their company, Home Cash Direct, as a very successful multi-million dollar, fair and reputable real estate investment and development business and fraudulently stole $10, 000 of earnest money deposits for real estate investments from me. On November 4, 2009 I provided a $5, 000 check deposit to John Simoncini for the purchase of a triplex located at 1709 N. Gratz Street in Philadelphia, PA for which Jason Simoncini and Jason Walsh fraudulently stated I would have no problem getting a mortgage at less than 7% interest prior to the contractual closing date of 12/21/09. This contingency along with Home Cash Direct providing me copies of all tenant lease agreements was clearly stated as part of my purchase agreement. The 9 bedrooms of the property were supposedly fully rented to Temple University students but I never received any of the lease agreements as Jason Langheim repeatedly promised to transmit. Jason Langheim also directed me to 2 mortgage companies, Milestone Bank which wasted several weeks of reviewing all of my submitted personal and financial information only to finally, after my numerous demands for a mortgage decision, inform me that my mortgage application was denied because they were only lending to persons that live in the Philadelphia area. The 2nd mortgage company that Jason Langheim directed me to, Green Tree Mortgage whose representative, Derek Schaffer, for over 6 weeks, well past the 12/21/09 contractual closing date, kept falsely assuring me that my mortgage application was approved then also after weeks of reviewing my application informed me that I had to put up 25% instead of the 20% down payment that he initially stated the mortgage would be approved for. I could barely afford to put up the 20% down payment and could not afford the extra 5% which I informed Derek Schaffer, Jason Lanheim and Jason Walsh but Jason Walsh did not care and would not accept this for some unknown reason. When I signed the purchase agreement in November 2009 and provided the $5, 000 deposit check John Simoncini misled me into believing that Home Cash Direct was a reputable company and towards the in the first week of December 2009 John Simoncini informed me of a 2nd opportunity to invest in a property rehabilitation project located at 2003 S. Hemberger Street in Philadelphia, PA for which I provided an additional $5, 000 earnest money deposit. John Simoncini also had previously misled me that if the purchase of the 1709 N. Gratz property deal did not go through that Home Cash Direct would easily transfer my $5, 000 deposit for another real estate investment opportunity but towards the end of January 2010 when I requested to transfer the $5, 000 deposit I provided for the N. Gratz Street purchase to go towards the 2003 S. Hemberger Street property rehabilitation Jason Walsh (CEO of Home Cash Direct) refused my request. From the city of Philadelphia records neither Jason Walsh, Jason Langheim nor John Simoncini or Home Cash Direct ever purchased the 2003 S. Hemberger Street property. Mr. Walsh on 1/31/10 after my repeated e-mail requests for return of my $10, 000 in deposits stated he would do so but refused to provide a date of when he would return the money. After seeing me at the first 6/2/10 Philadelphia Wealth Alliance real estate networking meeting, in order to keep me from telling all attendees the details of Jason Walsh, Jason Langheim and John Simoncini of Home Cash Direct stealing my $10, 000 in deposits Jason Walsh falsely promised to provide my $10, 000 in earnest money to me in a week, on or by June 9, 2010. Jason Walsh then subsequently reneged on this verbal promise (that he even had the nerve to beg me to shake his hand on his agreement) to pay me back my $10, 000 that he stole from me. Jason Walsh claims he no longer has my $10, 000 and cannot afford to pay it back to me unless I agree to accept only $500 upfront and send notice to the various law enforcement and other consumer agencies that my complaints against Home Cash Direct, Jason Walsh, Jason Langheim and John Simoncini has been satisfied which of course I refuse to accept. I also have received direct testimony from Ricardo Roper, another NY City based investor, who also was a victim of Jason Walsh and Home Cash Direct in purchasing a property that Jason Walsh and Home Cash Direct reneged on their promise to rent and manage the property for Mr. Roper. In Mr. Roper's attempt to short sale the property to avoid foreclosure Mr. Roper was informed by a new buyer's title company that the previous mortgage was not paid off and that Mr. Roper purchased the property, through Home Cash Direct and Jason Walsh, without clear title. If you have also been a victim, can assist me in anyway or want any further information regarding this complaint please call me at [protected] or e-mail me at [protected]@hotmail.com
Evelyn1965 clearly your above comment is from Jason Walsh or possibly from Jason Langheim, John Simoncini or some other Home Cash Direct cohort or person with a Home Cash Direct vested interest. In regards to your comment that I'm confused about how investing works, through this experience I have learned two things unfortunately the hard way. First that there are con persons, liars and thieves like you Jason Walsh, Jason Langheim and John Simoncini who will say and do anything to prey on investors and steal money while perpetuating yourselves as honest, legitimate real estate business persons. I have also learned to never give another deposit directly to a seller and to always use a escrow company until the deal is completed. Secondly regarding your statement that this is not a criminal matter as you Jason Walsh, Jason Langheim and/or John Simoncini know from my previous e-mail an attorney advised me that your actions are definitely illegal and advised me to contact law enforcement; so you Jason Walsh, Jason Langheim and/or John Simoncini can blindly try to convince your conscience(s) that what you have done is legal but in reality you know it is theft and fraud. My Sept. 7th civil judgment against Home Cash Direct for the 1st $5K deposit and the forthcoming Oct. 25th civil judgment for the 2nd $5K deposit attest that you Jason Walsh and your Home Cash Direct cohorts illegally stole my $10K in deposits but you knew that anyway that is the only reason why you wrote in your 1-31-10 e-mail that you would return my owed deposits. You Jason Walsh, Jason Langheim and/or John Simoncini are really grasping at straws with your comment statements that this matter is all my fault and I should have obtained a mortgage myself. You know that you Jason Walsh, Jason Langheim and John Simoncini connived me into believing that you had legitimate contacts with legitimate banks and lenders who would "easily" provide me a mortgage loan at the less than 7% interest rate stated on our contract. I had no reason not to believe your statements Jason Walsh, Jason Langheim and John Simoncini that Home Cash Direct had developed some great bank and lender contacts and that the 3 of you weren't telling the truth. That was part of your deception in getting me to give you the $5K deposit. Besides it would have been much more difficult for me living in New York City to get a mortgage for a Philadelphia property than for a what I thought was a legitimate real estate development company in Home Cash Direct to provide me contacts to local Philly banks and lenders for the mortgage. In addition to the attorney who advised me at least one other attorney advised at least one other investor duped by you Jason Walsh and your Home Cash Direct was advised and also filed criminal charges as you Jason Walsh, Jason Langheim and John Simoncini have definitely committed fraud and theft. I know you Jason Walsh in particular are upset at me for filing criminal charges against you because you thought that you Jason Walsh, Jason Langheim and John Simoncini could get away with your wrongful actions in doing business as an LLC, but your LLC won't stop you from being criminally prosecuted. I'm sure that this is the first time that one of your Home Cash Direct victims has filed a criminal complaint against you Jason Walsh, Jason Langheim and John Simoncini so I'm sure it it is somewhat troublesome otherwise you would not have even stated anything about it in your above comment. As for you stating this is all my fault that I was not approved for a mortgage you Jason Walsh and Jason Langheim in particular all along know that you were making statements that I was approved by Green Tree Mortgage and your Green Tree Mortgage representative Derek Schaffer also falsely stated that I was appoved also when in fact I wasn't. Now that you Jason Walsh, Jason Langheim and John Simoncini are making me think about it in addition to writing a complaint to the Governor of Pennsylvania about how you have committed fraud and theft against me I'm also going to file complaints and civil litigation against Derek Schaffer and Green Tree Mortgage for deceiving me that I was approved for the mortgage when in fact I wasn't. You are also just trying to pull a smoke screen about it being my fault in giving a 2nd $5K deposit when I was not satisfied; when you well know at the point in time I gave the 2nd $5K it was based on John Simoncini contacting me at the end of November 2009 and I gave Jason Langheim the $5K deposit on Dec. 4th at which point Green Tree Mortgage's representative had continually stated that I was approved for the mortgage so untill weeks later after the contractual closing date I was under the false belief that the first loan denial by Milestone Bank was truly based only on that I was not living in Philadelphia as was stated as the reason and there was no reason for me to be concerned about getting the mortgage at that time on Dec. 4th. On Dec. 4th you Jason Walsh, John Langheim and Derek Schaffer had convinced me that the mortgage would be approved any day at that point and we would close on the 1709 N. Gratz property by the contractual closing date of Dec. 21, 2009. On Dec. 4th, 2009 I had no reason to believe that Home Cash Direct were the liars, thieves and con artists that I discovered you Jason Walsh, Jason Langheim and John Simoncini to ultimately be. How can this be my total fault despite you Jason Walsh sending me a 1-31-10 e-mail that you would return my $10K in deposits, but never sephone calls or e-mails and never sending me a penny of it? That is what makes no sense other than you Jason Walsh being a pathological liar. Lastly I have taken responsibility for my decisions and choices and part of that is pursuing justice against you Jason Walsh, Jason Langheim and John Simoncini in civil court and through law enforcement. My Sept. 7th civil court judgment against Home Cash Direct for my $5K deposit for the 1st property proves that you Jason Walsh, Jason Langheim and John Simoncini illegally stole my money and I know (as well as you well know Jason Walsh) that I will also get my 2nd $5K deposit judgment on Oct. 25th when the 2nd civil court case is held. I have taken responsibility for my actions by posting and filing my various complaints I have heard directly from 4 other persons that you Jason Walsh along with your other Home Cash Direct cohorts have directly ripped off. I also have receive an e-mail from another person that states you Jason Walsh and your Home Cash Direct cohorts owe numerous contractors a lot of money and I have also heard from 3 Realtors that each know of several other persons that you Jason Walsh and your Home Cash Direct cohorts have ripped off also. I will continue to do whatever it takes to get justice until my $10K in deposits are returned in full and if that means continuing to press law enforcement in addition to the civil court judgments so be it. For anyone else (besides Jason Walsh, Jason Langheim and John Simoncini) that reads this complaint and comment response if you have been ripped off by Home Cash Direct or know of someone who has I urge you or these other victims to contact and file or have filed a formal complaint of theft and fraud against Jason Walsh, Jason Langheim and John Simoncini with Detective Myles of the Philadelphia Police Dept. 26th Precinct by calling [protected] or [protected]. I also urge all victims of Jason Walsh, Jason Langheim and John Simoncini or any other Home Cash Direct cohorts to file complaints with the Federal Bureau of Investigation (FBI) call [protected] and e-mail: philadelphia.complaints@ic.fbi.gov The more victims of Jason Walsh, Jason Langheim and John Simoncini of Home Cash Direct that submit formal criminal complaints the better justice will be served against these 3 liars, thieves and con artists.
I'm glad that you also took the time to state the above how Jason (Jay) Walsh scammed you as well. Hopefully more persons that have been victimized will also come forth and detail the stories of how Jason (Jay) Walsh stole their money. I recently won a small claims judgment against Home Cash Direct for half of the money that I am owed buy Jason Walsh hired an attorney and appealed for which now I have to refile another complaint in a new court. I can't believe that Pennsylvania allows people to file appeals of small claims judgments without having to state the basis of the appeal which puts the onus on the winning party (me in this case) to totally restate the case and start from scratch in a formal judicial court; it is disappointing to say the least. For the other half of the money owed me I have a small claims court hearing for Monday, Oct. 25th. -Gary Smith, P.E. [protected]
I don't know how anyone was able to collect any money recently. Home Cash Direct filed bankruptcy a couple of years ago. I had gotten two $5000 civil judgments but have not been able to collect.
John Simoncini is now on gofundme claiming to raise money to help the homeless. Using his kid as a prop. www.gofundme.com/iwtzow
i have been able to get money back from these guys. You can in no uncertain terms be nice to them. You have to instill fear of real wrath and make them in anyway possible to make them hold true to thier promises. jason is nothing more than a scap goat who is controlled by jay and john.
I would like to also share how my wife and I were scammed by Jason Walsh, Home Cash Direct, and Greentree Mortgage Co. I won't be longwinded at this time but basically I purchased a cashback property in South Philadelphia from Jay Walsh shortly after closing learned of his deceptive practices. Too start the cashback check for $23, 100 he was to provide me with bounced. The day before closing I requested a certified check and he told me he needed the money from closing to make good on the check. As uncomfortable as this made me he had a $5000 deposit (I really should of escrowed) from me and I was afraid he would just keep it if I did not close. After the check bounced I began investigating him and learned that he had scammed numerous investors. I met one woman from which he stole $53000. The list went on and on and it became apparent to me that we would not recover the funds owed to us. The worst part is that I remain on his email list and see how he continues to do business. Please do not do business with this predator.
I too have been scammed by Home Cash Direct. My initial investment involved a run down row home, which the deal closed and Jay and John began the rehab. After paying out 90% of the construction, they only completed about 30% of the job and they did not pull permits for which I was fined. Also all of the construction had to be redone (sheet rock, plumbing, electrical and framing). No appliances were ever given including heater, hot water heater and stove. Before I realized how fraudulent the construction part of home cash direct, I also gave a $5000 deposit for another property. It took over 3 months to clear title so we backed out of the deal. I never received the deposit and of course they claim that they did more work for me than was agreed upon for the first property (which of course was totally false and inconsequential since I had to redo everything anyway) Do not do business with these guys! I can be reached at email tsguerin@yahoo.com or 732.656.0010 if you want further glowing references on these frauds. These events occured between March 2010 and June 2010. I have also filed suit and are pursuing criminal charges.
Gary clearly you are confused about a lot of things. Firstly, how investing works and secondly, how to deal with the situation. This is not a case of illegal action. Contacting law enforcement and such is absurd. Clearly, this situation should be resolved in a court where you could if you chose sue. However, that is still all your fault. You should have found out for yourself if you could obtain a mortgage. How is it their fault that you were not approved for a mortgage? Not to mention that you claim you were not satisfied yet you gave an additional 5, 000 for another investment? That makes no sense. You need to take responsibility for your decisions and the choices you made.