More mystery woes.
You can add Little Rock attorney John W. Walker to the list of investors who have had a beef with real estate developer Eula M. Willis-Mitchell and her Mystery Properties Corp. of Little Rock.
Walker has sued Mystery Properties and Willis-Mitchell. He says he invested $200,000 in January January: see month. 2004 and didn't receive his money back.
Walker had invested in 124 residential home lots to be known as "Culzean Estates," he said in his lawsuit lawsuit: see procedure; tort. .
The company promised it would have "an internal rate of return of over 65 percent and return of working capital of over $3 million," the lawsuit said. Willis-Mitchell also personally guaranteed the money.
Willis-Mitchell promised to give Walker $50,000 after she obtained a loan from Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. . She was supposed to have given Walker another $150,000 10 months after the first payment and another $400,000 by Jan. 1, 2009, the lawsuit said.
When Willis-Mitchell gave Walker $250,000 worth of checks in September 2004, the checks bounced.
Walker is suing for his money back plus other unspecified Adj. 1. unspecified - not stated explicitly or in detail; "threatened unspecified reprisals"
specified - clearly and explicitly stated; "meals are at specified times" damages.
When we tried to call Mystery Properties, no one answered the phone and the voice mailbox A simulated mailbox in the computer that holds e-mail messages. Mailboxes are stored on disk as a file of messages, a database of messages or as an individual file for each message. The standard mailboxes are usually In, Out, Trash and Junk (Spam). was full.
If you remember, investor Albert Sweets of Raleigh, N.C., sued Willis-Mitchell after he only received $7,000 of the $184,625 that he was promised to receive from Mystery Properties.
In August, Mystery Properties was hit was a default judgment for the amount. But with interest, court costs court costs n. fees for expenses that the courts pass on to attorneys, who then pass them on to their clients or, in some kinds of cases, to the losing party. and attorneys' fees brought the amount to $216,456.