Jay Morrison & The Tulsa Real Estate Fund (Official Thread)

[☑︎#VoteDemocrat]

It is & he will end up behind bars with fake tears

now we wait for the investment...

 

[#1 pick]

Tone was right, right, right, thecoli was wrong, wrong, wrong, man you shouldn't never ever listen, smooth talking nikkas just hustling, and deliver nothing tangible at all

 

[Rawtid]

Never seen a wealthy investor with time to make 2 hours vlogs every other day. And has time to address "HATERS"

When you’re not investing in anything, you have plenty of time.

 

[Deuterion]

First off this is NOT a REIT. It's like a REIT. REITs must pay out an amount equal to at least 90 percent of their taxable income in the form of dividends to shareholders.

This is a crowd fund, more like a gofundme, he doesn't have to pay you anything and isn't required to keep any promise. This is basically donations in hopes of him gambling on a few properties, hopefully he can turn a profit, which can take years or decades.

This is a SCAM. I have a close friend that's a contractor that flips homes and commercial real estate. He told me it's rare to flip commercial real estate in less than a year. And he has a demolitian team and a band of renovators. Which Jay does not. Jay going into this almost blind, but he only using your money so he has nothing to lose.

This is the same basic model MLM and other scams use. Make you feel like a partner, when you're really just a CUSTOMER.

"You're only a customer, you're moving in the presents of HUSTLERS" -

You’re wrong. GoFundMe campaigns are not SEC regulated so to just diminish what he is doing to nothing more than a kickstarter campaign is disingenuous. A person that’s trying to scam you let alone a Black man is not going to register with a regulatory entity such as the SEC just to take your money...use common sense. He’s doing everything above boards and people like you are judging way too fast. I do think that sometimes he may be a little too slick but that doesn’t mean his intentions are not pure because homie has been advocating for the Black/African community in America for a long time and for free.

 

[#1 pick]

First off this is NOT a REIT. It's like a REIT. REITs must pay out an amount equal to at least 90 percent of their taxable income in the form of dividends to shareholders.

This is a crowd fund, more like a gofundme, he doesn't have to pay you anything and isn't required to keep any promise. This is basically donations in hopes of him gambling on a few properties, hopefully he can turn a profit, which can take years or decades.

This is a SCAM. I have a close friend that's a contractor that flips homes and commercial real estate. He told me it's rare to flip commercial real estate in less than a year. And he has a demolitian team and a band of renovators. Which Jay does not. Jay going into this almost blind, but he only using your money so he has nothing to lose.


This is the same basic model MLM and other scams use. Make you feel like a partner, when you're really just a CUSTOMER.






"You're only a customer, you're moving in the presents of HUSTLERS" -

I told my wife, this nikka can be sued for liable. Taking about this is an ICO. ICO aren't on GoFundMe but scams are. By SEC law of the crypto era, all ICO are suppose to be regulated. All of them.

 

[Nigerianwonder]

You’re wrong. GoFundMe campaigns are not SEC regulated so to just diminish what he is doing to nothing more than a kickstarter campaign is disingenuous. A person that’s trying to scam you let alone a Black man is not going to register with a regulatory entity such as the SEC just to take your money...use common sense. He’s doing everything above boards and people like you are judging way too fast. I do think that sometimes he may be a little too slick but that doesn’t mean his intentions are not pure because homie has been advocating for the Black/African community in America for a long time and for free.

Filing with sec does not protect you from losing your investment.. in fact the way he did it is to protect him when you do lose your money. Thats why jay filed a TREF( real estate crowd fund)and not actually REIT. The legal distinction matters..

Did you even read the sec report on the tulsa fund. The sec said they dont expect the fund to be able to actually pay back investors.

And jay is not even the first to use crowd fund sec filing like this for an "black" IPO. Remember the punch tv ipo? Folks on here gave their money to that scam too. They were registered with the sec also and used the same format as the tulsa fund. Even still the SEC just got around to suspending the punch tv crowdfund earlier this year. Too late for folks who already gave their money away though.

 

[Silver Surfer]

Walk like a duck and talk like a duck.....its a scam

 

[Gorgonite]

There is nothing about the Tulsa fund that sounds scammish, if there was it would have never gotten sec approval

Bro I'm not even an American, but you're coming off as sucker-ish. Do you even know what the SEC does? They don't exist for 'approving' scammers like Jay Morrison, they are a REGULATORY institution. It's 'approval' in the sense that they co-sign you as a sound investment. Companies are required to submit reports regularly and that is when it gets sticky for scammers.

Have you heard of Ephren Taylor? This dude had the same comeup. Did some interesting, albeit legal stuff (unlike Jay) in his younger years, programmed a game, got slightly involved in the early internet and basically began to market himself. Notice that most marketers will focus on their early success and repeat it until you are telling everyone what THEY did as if YOU did it.





This dude got himself on multiple TV shows and realized that simply being SEEN on TV was seen as a cosign of your credibility, no matter how many lies and exaggerations you told. Once you've had a few TV appearances, reference them on your website and press releases and you'll have compounded your reputation tenfold. Boyce Watkins, Jay Morrison and others have used this strategy.



Ephren tried to make out he was a pioneering CEO also.

This is from Ephren's old website:

Have you read the Ephren Taylor SEC documents? They are still online, it's an interesting read.

https://www.sec.gov/litigation/complaints/2012/comp-pr2012-62.pdf

This is a quote:

SUMMARY 1. Self-proclaimed “Social Capitalist” and former CEO of City Capital Corporation (“City Capital”), Ephren W. Taylor, II (“Taylor”), operated a Ponzi scheme to swindle over $11 million, primarily from African-American churchgoers. Taylor promoted two distinct, fraudulent offerings. First, he sold promissory notes issued by City Capital and various affiliates, bearing annual interest rates of 12% to 20%, telling investors their funds would be used to purchase and support various small businesses – such as a laundry, juice bar or gas station – that City Capital had identified as good opportunities for the investors. For the second offering, Taylor sought the assistance of City Capital’s Chief Operating Officer, Defendant Wendy Jean Connor (“Connor”), in selling “sweepstakes machines,” basically computers loaded with various games, many of which resembled those found at casinos. Taylor claimed the sweepstakes machines would generate investor returns of as much as 300% or more in the first year. To tap into the investors’ largest source of available funds, Taylor encouraged investors to roll-over retirement portfolios to self-directed IRA custodial accounts, which he facilitated, and then invest those funds with Taylor and City Capital.

2. In reality, City Capital never generated significant – if any – revenue from actual business operations, but instead was wholly dependent upon a continuous stream of new investor funds just to stay open. Investor funds supposedly targeted for specific investments were used to pay unrelated expenses, including “returns” to other City Capital investors, salaries and commissions to City Capital executives and employees, and payroll, rent and other basic operating expenses at City Capital’s various affiliates. When new investor funds dried up during the latter half of 2010, the entire operation ground to a halt, leaving hundreds of swindled investors.

Now this is interesting, as these machines were supposedly a result of Ephren's early 'video game programming' experience, or so you'd believe? I'll continue...

II. Taylor’s Promotional Activities 10. Taylor promoted his investment opportunities through three principal media: live presentations, internet advertisements, and radio advertisements. A. Live presentations at churches and ‘wealth’ seminars 11. Taylor conducted a multi-city “Building Wealth Tour,” on which he spoke to church congregations – including Atlanta’s New Birth Church – or at wealth management seminars featuring other speakers. Taylor promoted the Building Wealth Tour on his personal website, through City Capital press releases, and in conjunction with the churches and civic groups that hosted him. Taylor heavily emphasized his Christian background (his father is a minister) and, indeed, was at times referred to as “Minister Taylor.” He also touted his “socially conscious” investment focus and successful entrepreneurial history. Taylor devoted considerable time to denigrating traditional investment vehicles, such as CDs, mutual funds and the stock market, labeling them as “foolish” and “money losers.” He told audiences they could make far greater returns using self-directed IRAs with investments in small businesses and sweepstakes machines.

Notice how ANGRY Jay Morrison gets with Vlad towards the end....

B. Internet and radio ads 13. Taylor also offered investments through internet presentations called “webinars,” which were essentially videotaped versions of his live presentations. He also set up numerous websites describing his background, success and socially conscious approach to investing. The webinars and websites provided email addresses and toll-free numbers for interested investors to contact City Capital. Once investors made contact, they typically were directed to establish self-directed IRAs and given the same information as investors who attended the live meetings.

Note the self-directed IRAs. Jay has referenced this MULTIPLE times in his Tulsa Talks.






^ Timestamped.

14. After starting the sweepstakes machine offering in late 2009, Taylor and City Capital launched websites specifically promoting these investments. One of these websites, sweepstakesincome.com, described the investments as “the brainchild of self-made millionaire Ephren Taylor” and featured Taylor’s lengthy dissertation about “How You Can Create a Zero-Maintenance, Residual Income Using the Sweepstakes Empire!”

15. Taylor also touted the sweepstakes machines on radio stations across the country. He purchased air time – typically in weekly blocks – from over 30 stations. These stations collectively played Taylor’s one-minute advertisement several thousand times. The ads repeated many of the same false claims about the sweepstakes machines, detailed below. ETC ETC

https://www.sec.gov/Archives/edgar/data/793986/000109432809000054/city10k051909woex.txt

This is what an annual report to the SEC looks like.

Here is their intention:

Business of the Company.

The Company is a socially conscious professional management and
diversified holding company engaged in leveraging investments,
holdings and other assets to build value for investors and
shareholders. The Company is committed to creating positive change and
self-sufficiency through "Socially-Conscious Investing That Empowers
Communities." These initiatives range from development and production
of biofuels, to affordable homes for working-class families, to
funding and acquisition of local businesses that support community
jobs. The Company acquires and revitalizes distressed investment
opportunities in multiple industry segments, creating potentially
long-term returns for the Company.

The Company makes strategic investments and acquisitions that are
intended to yield a positive return on investment. The Company's
intent is to acquire assets at a significant discount to market, and
then rebuild them for sale or cash flow. These investments will also
serve the communities the Company operates in by creating economic
opportunities for underserved populations. The Company maintains
stakes in industries such as technology, biofuels, commercial laundry,
and retail services. New additions to the Company represent the
Company's strong devotion to educating and investing in future
entrepreneurs.

Subsidiaries of the Company.

(a) Goshen Energy, Inc.

On August 21, 2006, the Company organized Goshen Energy, Inc.
("Goshen"), a Nevada corporation that the Company intends to engage in
the buying, selling, and drilling of oil and gas. On November 13,
2007, Goshen Energy signed a distribution agreement with Verde Bio
Fuels, Inc., a South Carolina Corporation, to distribute their bio-
diesel product in the United States. In the agreement, Verde committed
to purchase up to 10 million gallons of Goshen B-100 and B-99.9 bio-
diesel per year, to distribute across the United States. Verde also
has right of first refusal on any other U.S. production of Goshen bio-
diesel. Under the agreement, Verde will pay all of the production
costs for the fuel it distributes, and the two companies will split
the net profits on the sale of each gallon.

In 2008 the Company partnered with Mississippi Valley State
University to develop a commercial biofuel production facility. The
venture is still in the development and testing stage. The Company
intends to have a commercial facility in production by the end of 2009.

(b) St. Clair Superior Apartment, Inc.

On October 1, 2007, the Company was granted St. Clair Superior
Apartment, Inc., an Ohio corporation that consists of an apartment
building in Cleveland, Ohio for no cash consideration as the seller
was unable to fund the property. The Company assumed approximately
$420,000 in accounts payable and accrued liabilities with this
transaction. Due to the Company's commitment to sell 80% of its
ownership interest in the subsidiary the assets and liabilities have
been present as assets held for sale. The sale of this subsidiary was
finalized on January 30, 2009.

(c) The Millionaire Lifestyle Group, LLC

On August 21, 2008, the Company organized The Millionaire
Lifestyle Group, LLC ("Millionaire"), a Missouri limited liability
company the provides mentoring and training seminars to those hoping
to achieve a greater life. The Company holds a 33% interest in
Millionaire and is the managing member of the LLC.

(d) The Male Room, LLC

On October 1, 2008, the Company entered into an agreement to
acquire a 40% equity interest in The Male Room LLC ("Male Room"), a
New York limited liability company that provides salon services to males.

(e) Nitty Gritty, LLC

On October 6, 2008, the Company organized Nitty Gritty, a
Missouri limited liability company that provides a subscription based
online forum, social network, and training network where members learn
"All Things Internet Marketing." During 2008, the subsidiary was dormant.

ITEM 1A. RISK FACTORS.

Risks Relating to the Business.

(a) The Company Has a History of Losses That May Continue.

The Company incurred net losses of $2,602,457 for the year
ended December 31, 2008 and $7,036,360 for the year ended December 31,
2007. The Company cannot provide assurance that it can achieve or
sustain profitability on a quarterly or annual basis in the future.
If revenues grow more slowly than anticipated, or if operating
expenses exceed expectations or cannot be adjusted accordingly, the
Company will continue to incur losses. The Company's possible success
is dependent upon the successful development of its business plan, as
to which there is no assurance. Any future success that the Company
might enjoy will depend upon many factors, including factors out of
the Company's control or which cannot be predicted at this time.
These factors may include changes in or increased levels of
competition, including the entry of additional competitors and
increased success by existing competitors, changes in general economic
conditions, increases in operating costs, changes in the supply and
demand for similar properties resulting from various market
conditions, increases/decreases in unemployment or population shifts,
changes in the availability of permanent mortgage financing, changes
in zoning laws, or changes in patterns or needs of users, and other
factors. These conditions may have a materially adverse effect upon
the Company or may force it to reduce or curtail operations.

(b) The Independent Registered Public Accounting Firm Has Expressed
Substantial Doubt About the Company's ability to Continue as a Going
Concern, Which May Hinder the Ability to Obtain Future Financing.

THAT IS WHAT A SCAM LOOKS LIKE BREHS.

At least this Ephren dude owned some fukking assets before he started scamming people. This Jay Morrison dude's SEC filing is a fukking shytshow compared to Ephren's.

I can't wait to see the fukkery Jay spends the fund's money on. He's already hosting balls and shyt using the investors money, and I'd wager that his wedding was paid for using his 'management fee' - even though he hasn't purchased a fukking shed yet.

This guy is a fukking scammer and if you are this stupid you deserve to lose you money 'with' him.

THIS is the realest video I've seen exposing Jay.



This guy was early on it too but he got RINSED in the comments but Jay's cultlike fans.



I can go deeper.

 

[TLR Is Mental Poison]

Nikkas are always hating, but turn around and give their money to white supremacist ans suspected white supremacist, without any question lol

nikkas love to say this shyt.... name a white supremacist real estate trust black people have flocked to

 

[904Lurker]

It's not even a get rich quick scheme ,it's a get HIM rich quick scheme .

 

[itsyoung!!]

This fund similar to a lot of investments tools plus the Tulsa pitch.

We gamble with your money, if you win, we win split the profits. GREAT!!!

If you lose, we still win with the fund management fees and salaries you pay for.

Black Wall St was worth more than 50 million, 100 years ago. 50 million can't build you a nice resort or town center. Let alone a city. I believe Jay wants this 50 million to play with and try to make something happen. There's no real plan to create a new Black Wall St. He's talking about purchasing varieties of land and properties in many different cities.

Even if this fund doesnt extremely well, there will not be a Black Wall St, at least no time soon.



Personally i would love to see a new Black Wall St. Like a small city or even a town center/resort for Blacks, by blacks. That would cost 100 of millions and take years to happen, but i"m willing to invest and help.

While this fund sounds very MLM like and comes off as a scam

im just here to say, you can build a top of the line resort for 50 million in most places in America

 

[TLR Is Mental Poison]

People keep talking about WS businesses... I think that is just a deflection to make an excuse for their misunderstanding of how businesses like this are supposed to work

I listen to successful fund managers and investment executives.... they don't self promote, they don't "crowdfund", they don't livestream, they don't argue with anybody in public.

The only thing they have is their track record. Years, DECADES of high returns, and a relationship with clients that is educational, transparent and respectful.

Black people need to stop going with someone because they find them to be "familiar" and start to approach anything financial with more accountability and objectivity. Nobody who knows anything about money is fukking with a nikka like Jay Morrison. But because we don't look outside or know how to look, we keep getting scammed by dudes like this

 

[R.E.N. Spells Ren]

Promising 8% returns sound very scammish.

He's not promising 8% returns.

Gotta be careful soliciting opinions on the internet, people will speak matter-of-factly on shyt they really know next to nothing about.

 

[☑︎#VoteDemocrat]

:letmesee:

 

[☑︎#VoteDemocrat]