Inn of the Rockies Spa and Lodge

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Category: Business & Finances

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Canmore, Alberta, Canada

innoftherockiesspaandlodge.com

Inn of the Rockies Spa and Lodge Reviews

KA1956 February 26, 2011
Chateau World Resort Members Cheated in RRSP Scam
Chateau World Resort members are being duped by Andre Muran and his new partners Phil Lutzko, Scott Brayshaw, Vern Mazur, Andrea Spiess and La Velle Goodwin into buying a sham RRSP investment and stands to rob millions from innocent victims

An email was sent by this group stating that they could buy back the bankrupt Chateau World Resort at a discounted price of $294, 941 for each of 18 townhouse units for a total of $5, 308, 941. Each member is being asked for $17, 231.83 to be used to purchase a 3/52 interest in a townhome unit using their RRSP. They have an appraisal that looks more or less legitimate, the same appraisal Andre Muran used to dupe CIBC, Axcess Capital and other lenders out of millions of dollars on the exact same resort units that will show that units are actually worth more than $400, 000

Speaking to a Canmore real estate agent, it looks like the units are worth no more than $160, 000 today as there is a unit listed at that price right now and it is not selling. The agent informed me that the unit is worth no more than $150, 000 assuming that there is someone that will buy units that are in such a state of disrepair.

The MLS listing of the unit that is for sale is MLS: C3452201 and you can go to www.mls.ca to see the listing. The realtor has informed me that all the units at the Banff Gate Resort are exactly the same, so they should be all appraised at the same value. The realtor has also informed me that there are other listings that have expired and did not sell at prices ranging from $140, 000 to 244, 000

Coincidence, I do not think so.

Assuming that each unit is worth $160, 000 and the website for this new group states that they are going to buy the units at $294, 941.18, they (Andre Muran and his new partners Phil Lutzko, Scott Brayshaw, Vern Mazur, Andrea Spiess, La Velle Goodwin) stand to make $2, 428, 941.00 profit. Over two million dollars plus the fees they will charge the new owners every year of almost $1000.

The RRSP component of the deal is a illegal scam that has been created by Andre Muran, Phil Lutzko, Scott Brayshaw, Vern Mazur and Andrea Spiess. According to my realtor contact, tens of millions of dollars of resort real estate was sold to unknowing investors at other properties using investors RRSP money. The other properties, Chateau Canmore, Sunset Resorts Canmore and The Grande Rockies Resort Canmore are currently under investigation by tax authorities and any investor that put money into the scheme is subject to an audit and repayment of any assessed taxes including large penalties.

The scheme involves a strawman structure where one uses their RRSP money to purchase units at the resort. Andre Muran has done similar dealing using “Vacations for Charity” and another property in Canmore called Chateau Canmore. According to their website Phil Lutzko, Scott Brayshaw, Vern Mazur, Andrea Spiess and La Velle Goodwin are also managing these properties right now.

Investors at the other properties have either been audited or will be in the future and have had to pay very large penalties. This is their modus operandi, promise one thing and deliver nothing of the kind. This was the plan to steal more money from the Chateau World Resort members from the beginning. All deals involving these people are based in a systematic deceptions, it would be hard to find more deception and fraud than the way these companies operate.

Enough is enough….. social justice must prevail.

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