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 BanIn 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 liquidating assets or engaging in fraudulent activities. Source: Mehrian - Bail Conditions Impact on InvestorsAt the center of this turmoil is Barton 8, the last asset in SLIG’s failing portfolio, where Mehrian not only controls the LLC, but also occupies multiple roles, as tenant and property manager, optionee and optionor, sponsor and investor, as well as buyer and seller. This overlap of roles leads to a significant conflict of interest, allowing him to maintain full control and profiting from every angle of the project. Besides Mehrian's conflicting roles, the bail conditions create an unstable situation for Barton investors, potentially causing delays, lack of access to funds, and legal challenges. The reputational damage associated with the fraud charges could further deter potential buyers, lenders, or partners, diminishing returns for investors. Ethical and Fiduciary ConcernsGiven his criminal charges, his fiduciary duty, and bail conditions, Mehrian's withdrawal from Barton 8 is not only necessary but ethically and morally unavoidable. Investors require transparency and stability, which cannot coexist with a person burdened by massive personal debt, embroiled in a federal fraud case, and charged by the SEC for orchestrating a Ponzi scheme that has left millions in unpaid promissory notes. His alleged history of drug abuse raises further concerns about his ability to manage investor interests responsibly. By stepping aside, Mehrian could focus his energy on his defense, allowing the Barton property and its investors to progress without the burden of his legal troubles. This shift could protect the project's future and mitigate financial losses. Survival vs. Redemption.Despite his long list of legal problems, a massive personal debts, at the verge of losing his freedom, Barton investors still cross their fingers he will prioritize their interests over his own. This misplaced loyalty, born from fear mixed with hope, has allowed him to take advantage of them over and over, resulting in disastrous outcomes every time in previous projects. Mehrian is now facing the consequences of his wrongdoing, and it's clear he has become a desperate man with nothing left to lose. Driven purely by survival rather than redemption, he refuses to accept responsibility for his actions. Instead, he deflects blame and underestimating the intelligence of others, holding them accountable for the failure the company. The real question isn’t whether Mehrian will end up in a federal prison, but how many more investor dreams he will shatter before the SLIG chapter finally closes. Upcoming Newsletters: - Strategic Legacy Management LLC: Conflict of Interest
- DEM Foreclosure: The Fourth-Floor Tenant, Unpaid Rents
- Mehrian’s New Company: A Tale of Pretense
Who are we? SLIG Victims is a coalition of investors, every day, more of us come together to share experiences and valuable information. While we respect anonymity, sharing is key to making a difference. Feel free to drop us a note—we’d love to hear from you. |
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