Wednesday, May 22 2013 5:17 PM EDT2013-05-22 21:17:14 GMT
Right now, American Red Cross volunteers are at work in Oklahoma staffing shelters and serving meals and helping tornado survivors put their lives back together. We all know the Red Cross is there duringMore >>
We all know the Red Cross is there during big disasters like the tornado in Oklahoma. But the emergency to which they respond most is a house fire, and they desperately need volunteers to help.More >>
Wednesday, May 22 2013 5:02 PM EDT2013-05-22 21:02:02 GMT
The Albany Police Depart is engaged in a recruitment campaign to get its officer corps up to full strength. APD is budgeted for 214 officers, and right now is about 20 officers short of that level, andMore >>
The Albany Police Depart is engaged in a recruitment campaign to get its officer corps up to full strength. APD offers the training program for people who do not already have POST certification. Starting salary for a rookie officer is over $33,000 annually.More >>
Wednesday, May 22 2013 4:55 PM EDT2013-05-22 20:55:33 GMT
The city has settled a lawsuit over more than $2 million in unpaid federal loans owed by the owners of Albany Heights. City attorney Nathan Davis announced that the city had accepted a deed and $110,000More >>
The city has settled a lawsuit over more than $2 million in unpaid federal loans owed by the owners of Albany Heights.
Wednesday, May 22 2013 4:52 PM EDT2013-05-22 20:52:29 GMT
An Albany man is trying to get his stolen property returned, after it was taken from his Cumberland Lane home Tuesday, and his camera got a partial look at the culprits. He said that two people brokeMore >>
An Albany man is trying to get his stolen property returned, after it was taken from his Cumberland Lane home Tuesday, and his camera got a partial look at the culprits.More >>
Wednesday, May 22 2013 4:44 PM EDT2013-05-22 20:44:53 GMT
Animal shelters and organizations across Georgia are getting a boost from grants totaling $125,000. Department of Agriculture Commissioner Gary Black made the announcement Wednesday.More >>
Department of Agriculture Commissioner Gary Black made the announcement Wednesday that the Spay and Neuter grants will be split between 19 recipients as part of the Dog and Cat Sterilization Program.More >>
September 25, 2007
Albany-- An Albany developer has a warning for you. He's out of thousands of dollars after falling victim to an advanced fee loan scheme. James Miller doesn't want the same thing to happen to you.
Since 1998, the Oglethorpe Development Group has worked to restore a downtown Albany jewel, the Albany Theatre on Jackson Street.
"This is a $1.5 million project," said James Miller.
An expensive job, so in 2004 company President James Miller shopped around for some money that could help. "We were looking for a hard money loan because at that time it was hard to get any kind of conventional loan here," said Miller.
They found The Funding Solutions, a firm out of Connecticut. TFS guaranteed Miller a loan of $550,000 if they received an up-front fee of $10,000. "The agreement was that he was going to refund our money if he did not get us a lender," said Miller.
But after paying the first fee, another company claiming to be a lender stepped in requesting yet another fee of $10,000 to get the loan. "Here we are in bed with all these brokers and all we kept hearing was more fees," said Miller.
That's when he got suspicious and said no way. Miller now has a thick file full of correspondence with TFS, the Attorney General and the Banking Commission. "The banking commission said to us they had about 35 complaints on this man already," said Miller.
The FBI also had suspicions. They conducted a sting operation. It turns out that The Funding Solutions earned millions of dollars from dozens of people. Some payments were as high as $100,000.
"On the day of the arrest, the FBI called and said Mr. Miller we have now arrested Mr. Kalish and he's behind bars," said Miller.
TFS President Leonard Kalish was convicted of conspiracy, and mail and wire fraud in federal court. Miller wants others to learn from his mistake. "For the public, be careful. It's a monster of a world out here," said Miller.
He hasn't received his money back, but he continues his mission of restoration.
Leonard Kalish was convicted in April and will be sentenced October 22nd. James Miller does expect some kind of restitution in the long run.