SLIG Victims

  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...

What Happened to Your SLIG Promissory Note?   Los Angeles, CA –  The Securities and Exchange Commission (SEC) charged Pedram Abraham Mehrian with orchestrating a fraudulent Ponzi-like scheme through his companies, Strategic Legacy Investment Group Inc. (SLIG) and SLIG High Interest Liquid Savings Co.  SEC Complaint Link     The scheme deceived over 150 investors, defrauding them of millions of dollars through the sale of promissory notes.    The SEC alleged that Mehrian used deceptive tactics, falsely claiming these promissory notes were "recession-proof" securities with "guaranteed interest" rates higher than market averages, returns that would "outpace inflation," and assurances that the promissory notes were "backed by SLIG's portfolio of assets," despite SLIG having no actual assets.   Final Judgment The SEC won the civil suit, and the judgment imposed the following obligations: Strategic Legacy Investment Group Inc. is obligated to pay $...

  FBI Arrested Pedram Mehrian in  SBA Loan Fraud Scheme On February 14th, 2023, Founder, President of Strategic Legacy Investment Group (SLIG) Pedram Abraham Mehrian was arrested by the FBI on charges related to a fraudulent scheme that exploited the Small Business Administration's (SBA) Economic Injury Disaster Loan (EIDL) program. Mehrian faces five counts of wire fraud for his role in orchestrating a complex and deceptive plan that aimed to secure millions of dollars in federal relief funds under false pretenses. The Fraudulent Scheme Unveiled According to court documents, Mehrian, along with unnamed accomplices, devised a scheme between May 2020 and September 2020 to defraud the SBA by submitting a series of fraudulent EIDL loan applications. These applications were filed on behalf of five entities, including Strong Faith, Family Financial, MSLM, Trans 26, and Supreme Executive—businesses owned and controlled by Mehrian. United States vs Pedram Abraham Mehrian See Court Do...