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| Viewing Page 1 of 1 (Total Posts: 3) |
| Author | Comment |
Robert
 Dec 11, 07 - 12:09 PM |
Florida Yacht Broker Association ignores fraud act by its own members
Attention Florida Yacht Broker Association Members, I want to know what is the cost for F.Y.B.A board members to ignore fraud and misrepresentation that was committed by one of their members? The F.Y.B.A is a group supposedly set up to protect the public from fraud,misrepresentation,and unethical practices. "The Florida Yacht Brokers Association was created in 1987 to unite those engaged in the yacht brokerage business for the purpose of promoting professionalism and cooperation among its members; and to promote and maintain a high standard of conduct in the transacting of the yacht brokerage business. Each member is required to abide by a code of ethics to protect the public against fraud, misrepresentation, or unethical practices in the yacht brokerage profession. Each member is to endeavor to eliminate any practices, which could be damaging to the public or the dignity and integrity of the yacht brokerage profession. " Recently my family had a South Florida Yacht brokerage not only misrepresented us but committed a fraud and broke the law. Anyone in the business knows ALL MONIES ,COMMISIONS FROM A SALE MUST BE PUT INTO ESCROW,THEY ALSO KNOW IF YOU HAVE A CONTRACT TO SELL A PERSONS YACHT YOU CANNOT GO BEHIND THAT CUSTOMERS BACK AND LIE TO THEM. United Yacht Sales in Stuart Florida has done just that. Peter Schmidt president of United Yacht Sales not only was involved in the above he told his broker he could do the sale of my 45 foot stolen yacht as a side deal. The broker was advised my yacht was stolen and was even keeping an eye on it for me while i was trying to get it back. The broker Lawrence Pirritino took a potential buyer to see my yacht just several days before the illegal auction as my representative even giving him a sales purchase agreement ( i had NO knowledge of the showing till after the illegal auction) representing me the seller. Three days after the broker showed my yacht as my broker he called the potential buyer behind my back and told him the yacht was being auctioned off by the new owners ( no paperwork or court orders shown) he just took someone's word. For a hiring broker to tell a sales broker its ok to do a side deal then allow the sales broker to put his commission money in his private account is illegal. The D.B.P.R investigated the matter and after not wanting to hear my full side of the story sided with Peter Schmidt saying nothing illegal was done. I wrote many F.Y.B.A members several months back asking their opinions giving them the same scenario all 100% come back saying not only was it illegal it was criminal. Why has nothing been done? Why has the F.Y.B.A ignored my e mails after the president assured me he would contact me months ago after he returned from his vacation? What is the price to get officials and F.Y.B.A board members to ignore a black and white fraud committed? The F.Y.B.A members clearly know what was done was illegal, so why does a group who claims fraud,and misrepresentation is something they are there to protect the public from allow it to go on with no investigation? F.Y.B.A members are paying fees to an organization who is supposedly in place to make sure fraud and misrepresentations don't happen especially from its own members like United Yacht Sales Peter Schmidt. Its sad when a broker allows fraud then even goes as far as to post on the Internet that he spoke to the other victims attorney and then falsifies comments he said this attorney made and we immediately find out the attorney for the yacht buyer they represented at auction never said such a thing. To read more on this case please go to www.lawrencepirritino.com or Rip-off Report: United Yacht Sales lied dishonest fraudulant business practices dishonest broker misrepresentation illegal br.. After the sale McCarthy went to pick up the broker lawrence pirritino at his office to go get yacht and pick up a bill of sale. After wiring the attorney full payment he was then told in attorneys office from the broker and attorney " they yacht was taken up the keys and hidden from its owners who are actively seeking to take it back" he then went on to tell him " after you get the yacht keep it hidden until you get the transfer done with the Coast Guard Documentation Center" The buyer was in shock but they already had his money. After leaving with yacht several weeks later the coast guard boarded the vessel and looked at the bill of sale and told the buyer the yacht sale was illegal and he confirmed it later with the Documentation Center who would not allow the transfer to go through without a court order. Several weeks later he was quickly refunded his auction money from the thieves and when he tried to get his commission money back from the broker it was already spent. I want to know what is the price to get D.B.P.R officials to do a half ass investigation? What does it cost to get the F.Y.B.A to ignore this situation? members who pay dues and have a group who clearly states in many places on their web sites they are there to protect the public from just this same thing. LETTER FROM THE OTHER VICTIM To whom it may concern In October of 2006 I was the only bidder at an auction held at the Ocean Key House Resort in Key West Fl the resort was auctioning a 45' Corinthian passenger vessel that they said they had taken possession of for none payment of dock fees. over the next few weeks I wired the resort $71,000 and I drove to the Key's to take possession of the vessel. In November of 2006 I stayed in Islamorada in the middle Keys I had made arrangements with a marina there to do some repairs on the vessel. The broker who represented me for the purchase of the vessel Mr. Lawrence Pirrintino to whom I paid a commission of $7,100 on top of the $71,000 purchase price, drove me from Islamorada to Key West we met there with the resorts attorney Mr. Alan Eckstein at the meeting Mr. Eckstein gave me what I thought was a valid bill of sale, a letter stating the sale of the vessel was a non-judicial sale of a vessel for unpaid dockage fees sold under section 328.17 of the Florida Statutes and a copy of the application information for transferring ownership to me through the U. S. Coast Guard National Documentation Center. At the meeting Mr. Eckstein told me that the vessel had been moved from the resort in Key West to a privet dock some 20 miles north to hide the vessel from the previous owner and that the previous owner could attempt to repossess the vessel I was also told that the previous owner had been making a lot of accusations to all of the law enforcement agencies to stop the sale of the vessel this was the first time that I had any indication that there could be some problem with this transaction but by this point they had my money and I would have to make the best of the situation. Mr. Eckstein assured me that the sale was in fact legal however he suggested that I should apply for the transfer of ownership as soon as possible. The sale of the vessel was in fact not legal and I was forced to hire an attorney my $71,000 were returned to me. This has cost me to date about $20,000 in expenses and many hour of my time in an attempt to simply purchase a vessel for my business. Sincerely, Kevin McCarthy 2206 Florida Ave. Fernandina Beach Fl 32034 904-556-3223 yacht brokers respond So if i did get a yacht broker sales license in Florida and a friend asked me to go represent him lets say at an auction could i just put that money into my private account? ANSWER Absolutely not.....totally illegal You probably would be a guest of the state in one of our finer detention facilities.......Because you are only a salesperson all monies have to flow through the licensed Brokers Escrow account which is registered with the state HMMMM do we not see something wrong here? Oh yes and the day of the illegal auction the bidding was starting at 61k nobody else was at the auction and the buyer authorized the broker he could bid up to 71k and with nobody there of course he opened the bidding at 71k? hmmmmmm 10k jump with nobody bidding ....... If anyone is legitimate in the F.Y.B.A and would like to discuss please e mail me direct wheezy9870@aol.com please feel free to leave a phone number i would be glad to talk and will keep your e mails and conversations confidential as i have many others Robert |
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Robert
Dec 11th, 2007 - 12:11 PM |
Re: Florida Yacht Broker Association ignores fraud act by its own members
Oh yes and the laws governing the brokers are crystal clear in Florida. |
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Philly
Jan 1st, 2008 - 2:00 PM |
Re: Florida Yacht Broker Association ignores fraud act by its own members
I was a little leary reading this diatribe, so I decided to waste 30 seconds of my time on Google. This story is posted all over the internet, each story blaming someone else. I won't waste time explaining how this author is wrong. So if anyone cares, Google Robert Krutko or his e-mail address Wheezy9870. It make for some interesting (and pathetic) reading. 
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