David Montelongo Sued By Investor
Posted: September 15, 2007 Filed under: General 35 Comments »The San Antionio Express-News Reports:
The lawsuit, brought by David Escalante of California, alleges that he gave David Montelongo and his company, Montelongo Developments LLC, $5,000 in earnest money and $500 in option money for a 17 percent share in a 14,000-square-foot retail development on a 4-acre tract in Schertz.
The deal was outlined in a partnership agreement that Montelongo drafted, the lawsuit alleges.
The lawsuit claims that Montelongo used the money to put the land under contract, but never signed the partnership agreement.
Montelongo told Escalante he had decided to pursue the deal with a different party, claims Todd Prins, the San Antonio lawyer representing Escalante in the suit.
Montelongo never returned the earnest money, Prins said.
Escalante and his investment company, Pres Estate LLC, are seeking “our share of the deal,” Prins said.
“We’re not seeking anything else than what was agreed to in the beginning,” he said, adding that Montelongo could buy his clients out of the partnership agreement.
Read the entire story for additional details. FlipThisLawsuit will post the complaint and other documents as soon as we can obtain them from the courthouse.
[Hat tip to the numerous people who submitted the article to us.]
Here’s the cause number etc ; )
Cause Number: 2007CI09026
Name: DAVID MONTELONGO
Litigant Type: DEFENDANT
Style:
DAVID ESCALANTE ETAL
vs MONTELONGO DEVELOPMENTS LLC ETAL
Court: 288
Date Filed: 06/15/2007
Docket Type: BREACH OF CONTRACT
Case Status: PENDING
Oh yeah, this would be that great deal he was hawking in his conference call.
and why they canceled the next seminar.
Hahahahahaha! And all those people thought he was the “innocent” Montelongo… The “victim” even of Armando who had to leave the show because of his high moral ground… Hahahaha
….Birds of a feather…
So I see now the CT cast is in the seminar business. It never ends…
Mike, I agree… Next thing you know Mandoman will be teaching them this month… And why not right? Experience is obviously not required! lol hahaha
I caught that as well……seems to be a A&E thing…flip houses get on Flip This House, get on the seminar circut. Also noticed last night they cleaned the burn’t wood, and painted it so it wouldn’t smell, something they didn’t do in the burnt out house.
Also noticed product placement for American Standard.
This story and others here just reaffirm my original feelings about the Montelongo’s, slimy.
What happened to the other family team? Just one hubby and wife now..?
…and david is the “nice” one.
Does anyone think the CT properties of New Haven are a bunch of gay guys trying to be mocho?
I’m so over the Montelongo’s, especially the whinning of Veronica.
The only way we are really going to be able to fight to rid television from these phony flippers and force the networks to get authentic and true talent on their shows is to boycott. Lets not watch Mondo’s crew anymore- even to find things to disgrace him about. LET THE BOYCOTT OF FLIP THIS HOUSE BEGIN, watch their ratings plummet, and force them to seek true talent and check into their backgrounds.
Brandon,
It’s a numbers game. The number of lurkers and commenters here are statistically insignificant compared with the number of ‘total’ viewers.
On the other hand, Armando plugs his Internet site on the show. If you google ‘Armando Montelongo’ this thread sits at number two, just below his site. Hehe.
Correction: Wrong thread, I thought this was the ‘real estate package thread’. Same deal though ; )
Anyone know whatever happened to Sam Leccima??????
Armando has apparently decided to post “teasers” of his DVD set on YouTube.
Take a look at this one: http://www.youtube.com/watch?v=0o_4ndiracY
I replayed the end of this video twice to make sure he really said what I thought I heard. He advises getting a $65,000 loan for for repairs when only $45,000 is needed and then taking $20,000 of that borrowed money and putting it in your pocket. He then calls this $20,000 (which is now accruing interest as part of the loan and will ultimately need to be paid back) “profit.” Is he really this stupid? Can anybody elaborate on the legality of pocketing money that was lent for a specific purpose?
“Anyone know whatever happened to Sam Leccima?????? ”
Georgia State Pen. and not the University. Total fraud.
“Daryl Shockey wrote:
Armando has apparently decided to post “teasers” of his DVD set on YouTube.
Take a look at this one: http://www.youtube.com/watch?v=0o_4ndiracY
I replayed the end of this video twice to make sure he really said what I thought I heard. He advises getting a $65,000 loan for for repairs when only $45,000 is needed and then taking $20,000 of that borrowed money and putting it in your pocket. He then calls this $20,000 (which is now accruing interest as part of the loan and will ultimately need to be paid back) “profit.” Is he really this stupid? Can anybody elaborate on the legality of pocketing money that was lent for a specific purpose?
Posted on 25-Sep-07 at 4:40 pm |”
Fraud? Maybe they will let him be cell mates with Sam Leccima. They can discuss where they went wrong, for the new ebook…… How to Make Friends in Prison and Not Drop the Soap……$99.00 for the first 4 chapters.
Well, in California, taking more than 3% cash back on a purchase is illegal for sure. His advice is full of legal liabilities and it can only be a question of time before he’s going to end up in prison one way or another.
Does anyone know when the new season of the Real Estate Pros airs?? Im definitely ready for some new episodes!!
Posted on 25-Sep-07 at 4:40 pm |”
Fraud? Maybe they will let him be cell mates with Sam Leccima. They can discuss where they went wrong, for the new ebook…… How to Make Friends in Prison and Not Drop the Soap……$99.00 for the first 4 chapters.
Hahahahaha! Hilarious.
THANK THE LORD THE LORD THE NATIONAL ENQUIRER SHOWED THIS FOOL FOR WHO HE
IS, ARROGANT, PATHETIC,LOOSER,.
EVERY TIME I WATCHED THE SHOW I SAW
THE MANTOLONGOS COME ON AND WOULD TURN
IT, I JUST WANTED TO TELL ”ARMONDO”,
WHAT A LOOOOOSER HE WAS, BUT HAD TO GET
MY BLOOD PRESSURE BACK TO NORMAL!!!!!
BY THE WAY FOR A GOOD LAUGH,GO PICK UP
THE FEBRUERY,4th 2008,ENQUIRER, AND
THAT IS WHER’E I THEN KNEW I AM NOT
ALONE IN THINKING THIS GUY IS AT THE
VERY LEAST, ”ANNOYING AS HELL,AND MEAN!!!! THE SHOW WHERE HE DROPPED OF HIS INTERN AND LEFT HIM ON THE SIDE OF THE ROAD, TO TEACH HIM A LESSON!!!
CARMA’S A BITCH!!!!
Talk about Karma….
My friend saw him in the National Inquier titled…
“Flip This House Star FACING PRISON over real estate deals”
Included are images of documents including an ARREST WARRANT – Armando was arrested in October for theft of services – a felony in TX – and is looking at 2 years on that alone.
The case is in Travis County.
Cause# D-1-DC-07-302376 . He does not have an attorney listed and the next court date is 2-5-2008 in 331th District Court, Travis County (Austin, Texas).
Heard this on the radio this morning about
Armando’s Arrest .
http://www.590klbj.com/News/Story.aspx?ID=85494
Funny, I received an envelope this last week for Armondo’s seminar this weekend in Ft Lauderdale. The tickets say they are %299 face value, but if I call right away, they are free to me! How lucky am I?
KJM:
It was also written in the Friday edition of the San Antonio Express-News.
Glad they got this guy on something…I bet he pays the 4k and call it a day.
Melissa wrote: “I bet he pays the 4k and call it a day.”
If I rob a bank but have a change of heart and give the money back to the bank does that get me off the hook? ; )
Melissa wrote:
“Glad they got this guy on something…I bet he pays the 4k and call it a day. ”
You would think a “multi-multi millionaire” would pay in the first place…right?
The problem is he doesn’t have 4K or even 200 dollars to pay fines and clean up one of his properties. Wait, I mean he has his priorities wrong. Check out this link where he and Veronica went last month:
http://www.simonleung.com/blog/i5-gold-bon-voyage-cruise-2008/
I’m sure Simon Leung didn’t take a check or net terms from Armando. 🙂
Montelongo is a slime ball AHOLE.
The way he treats people is crap.
I’m surprised anyone works with him.
His properties are slum renatals and they pay cash which he does not report in full.
Also having his company name the same as his is another cash loop hole to fraud the IRS.
Hopefully the IRS will catch him too…
Mark,
You Should update this thread, I’m sure you know how to find out what has become of this.
Just found David Montelongo’s new site
http://www.montelongocoaching.com
I believe that this suit was dropped. As I understand, Escalante misrepresented he had the necessary funds to perform the transaction. When David found this out, he returned the earnest deposit to the Title Company. Escalante refused to take it and instead pursued a frivolous lawsuit in which was eventually dropped.