Cuyahoga County Land Bank- Gus Frangos PRESIDENT and his LLC Shell Game

Submitted by Gone Fishin on Fri, 03/08/2013 - 06:40.

Gus Frangos

And Gus Frangos is in charge of the county taxpayer's property.

What a dangerous joke:

Gus Frangos,  President of the Cuyahoga County Land Bank, incoporated 1158 East 61 LLC with the Secretary of Ohio and named Ladon Ruffin as his agent:

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1158 East 61 LLC purchases the property located 1154 and 1158-60 East 61st Street, parcel #'s 10413069 and 10413070

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And the tax mailing address is Gus Frangos' personal address in Hudson, Ohio.

 

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1158 East 61 LLC receives a mortgage from Republic Bank on January 9, 2003 for $87,500.  Gus Frangos signed the mortgage:

 

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On April 4, 2005, 1158 East 61 LLC received an open ended mortgage for $175,000 from National City Bank:

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 And Gus Frangos signed the mortgage.

According to county records, neither mortgage was released (repaid):

 

 

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Gus Frangos hired Ladon Ruffin to collect and hand over rent money:

 

 

 

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Although Gus Frangos is highly praised for 'writing the book' on delinquent property taxes and tax foreclosures, he obviously never read the book.

According to county records, 1154 and 1158 East 61 failed to pay property taxes for several years and collectively owe over $25,000 in delinquent property taxes:

 

 

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Despite not paying property taxes for several years and owing a large amount of delinquent property taxes, this property was never sold to the tax lien predators.  I suppose if I were up to no good and had a job in the Cuyahoga County Treasurer's office - which has the sole ability to pick and choose which delinquent property tax liens to sell- I wouldn't sell myself out either.

However, all good things must come to and end.  Gus Frangos no longer works for the County Treasurer and 1158 East 61 will now be sold to the highest bidder at a sheriff foreclosure sale in the near future.

1158 E 61 LLC was recently named as a defendant in a foreclosure action and judgment was granted for the foreclosure: 

 

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Gus Frangos is a con artist.  A con artist in charge of all of Cuyahoga County taxpayer's property.  A con artist hiding property behind numerous LLCs, obtaining large mortgages and failing to repay the loans, NOT paying property taxes, all while collecting rent money from several rental units.      Gus Frangos is also a hypocrite.  A hypocrite writing and passing legistlation to target others who have NOT engaged in such fraudulent activity.  I believe this case meets the defintion of mortgage fraud.    Gus Frangos has to GO.

* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*

  

 

 

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DANGER , Will Robinson, DANGER

The King of the Land is a crook.

 

 

* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*

 

 
 

 

Anti-Virus blocked " ATTACK" Alerts

My computer anti-virus alert is going crazy.  Blocking numerous attacks on my computer and several warning alerts.

Posting a blog or comment is taking hours and hours instead of an hour or so.

If my personal computer located in MY house- while I am doing research on my OWN time- is shut down, I will to to the library or a friend's house to post the rest of Gus Frangos' scam.

According to my security software, the attempted hacker's IP address 173.236.50.234

IP Address 173.236.50.234
Host srv2.host1.com
Location US US, United States
City Chicago, IL 60661
Organization SingleHop

 

* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*

For any person who continues to stand by Gus Frangos:

Get your head checked:

The "Doctor is In"

That's the real deal... custom designed and locally built

Some Doctor is Always "In" on realNEO

No nickle required

Disrupt IT

 

 

 

 

* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*