Stephenson & Associates LLC
Complaint 68414 Details

It all started, with the collaspe of the financial markets. I was looking for a place to invest my retirement monies. I heard about Loral Langmeyer the millionaire maker and joined the organization. There a question was posed as to who has made more than 100,000.00 a year in their life time. I was one who raised their hands.
I met Jessica Fergus there and she gave me her card after telling me that she had invested in notes for years and was getting excellent returns of 12-15% or better.
Later when the stock markets took a turn for the worst, I sort her out and asked if she could get me a note on a property that has a good return and she said that i could get me about 14% on $99,000.00 and 18% on 200,000.00...
I told her that i did not know much about the business and asked if dhe would help me. Jessica agreed and sent me some emails referring me to a organization(Equity Trust Inc) that hosted Non Traditional Ira accounts. I was to fill out the forms to have monies transferred from my traditional Ira to a Non-Traditional Ira. I did and then she called me later to ask if i was going to use a Lawyer or did i have one on hand.
I wasnt thinking that i needed a Lawyer at that time and when she suggested that i use the same Lawyer that she used etc. I said ok. Then she sent me a letter that introduced Kathleen Boyd as a highly respected person who was President of the Ethic Board of the American Legion or something liken to that..

I trusted that she had my interest in mind. And expected her to do what was right. Later, about a week or two, Mrs Boyd called me to ask if it was ok for her to switch me from the property at 8 Skipper Lane in Corinth, NY. to 446 Seven Hill Rd in Northville NY because there was more equity in that property than in the one at 8 Skipper Ln, Corinth, NY. Mrs Boyd also mention that i would be in third position and not to worry because there is plenty of equity on the property. I said yes, and was told that property was worth about 800,000.00 and it was beach front property.
Mr Stephenson made some improvements on the property just recently.Afer i said yes, I decided to look into the matter myself and found that the property listed for at most 250,000.00 and then the emails began to flow. I have had 4 Lawyers look into the matter, and was not pleased with the way they had address the matter. The last Lawyer that i spoke with told me that Mr. Tim Stephenson was found guilty and was sent to jail, and that the only way that i could recoupe any monies was to go after Mrs Boyd the attorney.


According to Mr James Townes, another Lawyer referred to me by prepaid legal services, It was going to cost me 15,000 dollars up front to match his client's outlay, and then i was to wavier the conflict of interest between his client and myself, and if the case was to exceed the 15k retainer, I was then to pay all cost and fees from that point onward. And I would not be able to recieve more money than his client even though his client lost 2/3 (64K)less than me... And of course i am not promised or assured a win...
I have given him all my emails that supported the case I had against Mr Stephenson and Mrs Boydand believe he may be using Mrs. Boyd's letter of introduction to support his case... Mrs Boyd works for the state and has mis-represented herself. According to Mr. James Townes, attorney at law.

I not sure where i should be going from here, but as a result i am very close to being in default on my morgage, and will be unable to pay Federal or State taxes. I need help and i am thinking about going to the Government, for help... It all started when the economy took a turn and the refinancier tell me that they cant help me, or lower my interest rate.. To keep me from going into default. I have excellent credit and it looks like i will have to go into default to save my home.

I have also fell into other scams also. I will tell about that later, it seems that everything i got into there was a scam behind it. Hope you can help or make suggestion that will help me to out from under this cloud of deception and into the light or joy.