SLIG Victims

  Mehrian: A Tale of Pretense By The Princess of Isfahan    The saga of SLIG is a tangled tale of  pretense. Once a “promising” real estate company, SLIG has become nothing more than a cautionary tale, with every project in foreclosure and its logo stripped from the downtown headquarters like an embarrassing sticker. The investors? We didn’t even get souvenir T-shirts, let alone any returns.   Yet one man pretends to be the victim: Pedram Abraham Mehrian.   Pedram had it good. Regardless his already bad reputation, life gave him another chance, he was fortunate to have the support of individuals and partners who believe in him, and who brought in investors to build SLIG. However, he lacked the capacity, and experience to fulfill the promises he made, as everything he did was rooted in pretense. Struggling with a severe drug addiction, his decisions were driven by greed and inflated ego, ultimately leading to the downfall of the company.   Today,  ...

  DEM: The Squatter at the 4th Floor "Days of Our Multiplex: The Drama Behind LA’s Downtown Executive Building" Written by  The Princess of Isfahan .   In the heart of LA’s Fashion District, where retail shops hum and street food sizzles, the Downtown Executive Multiplex (DEM) stood like a stage set for success. But behind the glitz and glamour of Santee and 12th Street, a high-stakes drama unfolded—a saga of betrayal, deception, and unpaid dues. The plot thickened with every passing day, and at the center of it all was our man, Abraham Pedram Mehrian, whose idea of business seemed to be "collect everyone’s rent but your own."   Act 1: The Conflict of Interests . Through his company, SLM, he not only managed the building but also strategically placed his own company, SLIG as a tenant, on the top floor occupying 25% of the building and a good part of the third floor—without paying a dime in rent. This entitlement reflected his soap villain-like ambition to control th...

  Abraham Mehrian Receives Permanent Restraining Order for Civil Harassment at Barton 8 On October 1, 2024, Pedram Abraham Mehrian faced a significant legal defeat when the Los Angeles Superior Court, presided over by Judge Michael R. Powell, issued a permanent restraining order against him in case number 24STRO03092 for civil harassment. The ruling followed accusations that Mehrian, as manager, had escalated a residential dispute at Barton 8 into a pattern of intimidation, causing both emotional distress and physical injuries.   Despite Mehrian being represented by attorney David Youssefyeh, the victim appeared without legal counsel and presented compelling video evidence, including police reports detailing incidents of package theft, mail tampering, stalking, property damage, and obstruction of garage access. A particularly alarming incident involved Mehrian approaching the victim's door with a hammer. The restraining order petition, filed in March 2024, led to a temporary o...

  Pedram Mehrian And His Two Companies Owe SEC $8.4M For $17.5M Fraud Strategic Legacy Investment Group Inc. and SLIG High Interest Liquid Savings Co., accused of participating in a fraudulent real estate investment scheme, have agreed to pay over $8.4 million to settle claims related to a $17.5 million scam that deceived more than 150 investors by marketing "collateralized" and "recession-proof" securities (promissory notes). In final judgments issued in California federal court, U.S. District  Judge Fernando M. Olguin ruled that both companies would pay the U.S. Securities and Exchange Commission (SEC) $6.5 million and nearly $1.9 million, respectively.   Strategic Legacy Investment Group Inc. must pay nearly $4.9 million in disgorgement, more than $487,000 in prejudgment interest, and a $1.15 million civil penalty. SLIG High Interest Liquid Savings Co. will pay nearly $648,000 in disgorgement, over $64,000 in prejudgment interest, and a $1.15 million civil penalt...

  Pedram Mehrian: What His Bail Conditions Mean for Investors?  In the Federal criminal case:  United States v. Pedram Abraham Mehrian where the defendant  faces five counts of wire fraud. The strict bail conditions imposed are not merely procedural but are specifically designed to protect investors from further financial harm.   Bail Conditions and SEC Ban In a striking move, the court has prohibited Mehrian from soliciting investments through any entities incluidng LLCs he owns or controls, and mandated compliance with a judgment from the SEC (case number 23-cv-8009-FMO), permanently barring him from participating in any securities transactions, including the sale of promissory notes. Additionally, he was ordered to pay personally approximately $1.2 million to SEC.  Source:  Mehrian FINRA BrokerCheck Report   Pages 7 - 9.   Mehrian is also restricted from selling or transferring any asset valued at $5,000 or more, preventing him from l...

  Tamarind South : Fully Occupied, Rents Collected, Yet Foreclosed? The Dream Tamarind South, a 32-unit multifamily building, was originally scheduled to be ready for leasing by October 2018. However, the project encountered substantial delays and was not completed three years later until August 2021. Investors, drawn in by promises of passive rental income and the prospect of multiplying their investments toward financial freedom, entrusted their hopes—and in some cases, their entire retirement savings—into this venture.  Despite the building becoming fully occupied and generating rental income investors not only failed to receive this monthly passive income they were promised but also lost their entire investment when the property went into foreclosure in January 2024.   Now, many are asking the same questions: How could a fully leased building in a prime location, consistently collecting rent for years, fall into foreclosure? Where did the rental income go? And why wer...

  Concern: SLIG Investors Left in the Dark Without K-1 Forms or Annual Reports. Did you receive your K-1 from SLIG?    Some SLIG investors are concerned that they never received the legally required K-1 forms for 2023, which are essential for tax filing, nor the annual reports that provide transparency into the financial status of their investments. The failure to provide K-1 forms places investors at risk of substantial financial and tax complications   Even if no distributions were made, investors are still entitled to a K-1 form, as it contains crucial financial information necessary for accurate tax reporting.   Furthermore, when an investment property is sold, or liquidated, syndicators are legally obligated to provide a final accounting of how proceeds are distributed, ensuring transparency.   The omission of annual reports  is particularly troubling in cases like the "Tamarind South" project. This fully occupied building, which was collecting mo...

  Knowlton Investors Demand Answers Over Missing Million Dollars It's been over two years since the "Legacy Knowlton" project—a 36-unit apartment building developed by Strategic Legacy Investment Group (SLIG)—was sold. Unlike many of SLIG's other projects, which nosedived into foreclosure and caused millions in investor losses, "Legacy Knowlton" was completed and successfully sold, generating approximately $1,000,000 intended for investor returns. However, investors not only never received any distributions from the rental income but also have yet to receive their share of the proceeds $1,000,000 from the sale, as agreed upon.   On July 30th, 2024, Knowlton Investors formally demanded their money from SLIG President Pedram Abraham Mehrian. who has remained silent, ignoring their requests.      See demand letter #1   July 30th, 2024   See demand letter #2  August 9th, 2024   Investigations reveal that around $1,000,000 was diverted to cover de...