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Entry: CB Richard Ellis Plunders Veterans and Old Ladies Link: http://www.takimag.com/site/article/cb_richard_ellis_plunders_veterans_and_old_ladies#9515 Post contents: A most interesting article on corporate greed. Unfortunately, my mom, Anna DiPiazza, is one of the TIC investors that was mentioned. She literally poured her life savings into this 1031 investment. My mom was a hard working dress maker who slaved and toiled in the sweat shops of New York all her life. She and my father owned a very modest four family home that they lived in with the rest of the family. When my dad passed away, she decided to sell out and move to Florida. With the money she made, she figured that she could live the rest of her life out in relative comfort without having to worry about money. My mom is not an extravagent person and was only looking for a moderate return on her money. CBREI promised a return of 7% and a hassel free investment. That kind of return is what other low risk investment would be expected to return. If she knew then what she knows now she would of been far better off investing in a CD. She would of received a return that would of been close to what CBREI was offering without the risk. My mother is a proud woman who won't let a raw deal like this get her spirits down. However, that does not mitigate the fact that she feels that a grave injustice was done to her. The fat cats who profited so handsomely should not be let off the hook easily. Sent at: 2008 07 23