Modus VivendiThrough Strategic Legacy Management Inc., Pedram Mehrian is alleged to exploit landlord and tenant roles, enabling him to avoid rent obligations at various properties while collecting management fees. Critics claim this strategy allows him to live rent-free and generate profits from investors while managing properties for personal benefit. These alleged practices have reportedly caused significant financial losses to investors. Calls for full restitution include compensation not only for unpaid rents but also for other damages stemming from Mehrian’s activities.
Case Summaries1. The Knowlton ResidencesAt the Knowlton Residences, Mehrian and his mother, Mojgan Benlevi, allegedly occupied the building’s largest apartment without providing verifiable proof of rent payments. This continued until the property was sold, at which point the new owners reportedly filed an unlawful detainer to evict them. The situation left behind unpaid bills, and allegations have surfaced regarding the disappearance of approximately $1 million from the property’s account after its sale. This matter remains unresolved and may lead to legal proceedings. 2. DEM HeadquartersAt the Downtown Executive Multiplex project, it is claimed that Mehrian’s companies occupied 25% of the building rent-free for several years, reportedly accruing nearly $500,000 in unpaid rent. Observers attribute this to alleged mismanagement, which they say contributed to the property’s decline and foreclosure. 3. Barton 8At Barton 8, Mehrian has been accused of accumulating significant unpaid rent while retaining occupancy through alleged manipulative tactics. Critics claim he avoided forfeiting his deposit and continued to occupy the property despite missed payments and expired agreements. Legal action against Mehrian and Barton Estates @ Central Park, Inc. is expected in 2025.
Lack of TransparencyInvestors allege that Mehrian has consistently avoided accountability by refusing to provide financial reports, bank statements, or K-1 statements. These allegations have left investors unable to assess the true state of their investments, fueling frustration and financial distress. Observers argue that achieving transparency and justice will require collective action from investors. Many believe that only a united effort can bring about accountability and uncover the full truth behind these claims.
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