February, 2020 Visitors

We had a total of 756 visitors in the month of February -- Leap Year month this year. We thank you for checking out our site, and hope you found it informative. 

Please let us know if you have any questions or comments. We continue to receive GoFundme donations from people in all walks of life, and greatly appreciate it. Please consider donating so that we can continue to assist the victims of Roman Libonao.  

January, 2020 Visitors

We had a total of 817 visitors last month. The holidays are over, time to get back to work! As always, we welcome all of our esteemed visitors. Our staff hopes you are getting a good education.  Our little antagonist is never  ceasing to amaze us. Gradually,  our Gofundme fund has been increasing,  due to your continuing generosity. 

What Have We Learned about Roman Libonao over the Past Decade?

What Have We Learned about Roman Libonao over the Past Decade?

Another Decade has Come and Gone, and Quite a Bit Has Happened in the Life of our Crooked Friend, Roman Libonao. Here are our Take-Aways

• We learned that Libonao hit the big times last decade. He went from petty thief to full-on crook. He literally took his secured creditors for over $3,000,000 in a 2.5 year bankruptcy of his 100% owned real estate holding company. In addition, he has, to our knowledge, around $750,000 in judgments and law suits filed against him. And this is in Southern CA. Our research has not taken us out of the area where he resides.

• We learned how to do a new dance move: The Libonao Shuffle. It pretty much consists of borrowing money, paying back 2 or 3 payments, then disappearing with the remainder of the money. This forces the unsuspecting friend/family member/client/business associate to shell out thousands of dollars in legal fees. We did the math, and conservatively estimate the Libonao has forced dozens of lenders and individuals to spend well over $1,000,000 in legal fees to defend themselves against this crook.

• Real estate is a façade for Libonao to defraud investors and lenders. Libonao runs a criminal enterprise, no two ways about it.  Libonao fashions himself as a commercial real estate broker. He states in one of his websites that he is “a successful real estate professional with considerable experience across several sectors.” His words, not ours. We just don’t know which criminal sectors he is referencing.  Since 2010, real estate values have seen a tremendous increase in value. We are scratching our head how a “successful real estate professional” could lose $3,000,000 in real estate during that period. In fact, you’d have to be the worst R.E. professional to lose that much money during this lucrative period.  We found in court documents relating to his fraud cases, in which Libonao is the defendant, he promise returns on investments up to 150% annually. Think about it. Under that rate, if you loaned someone $100, you would need to pay them $150 a year later, and still owe the original $100. What an astute investor – paying returns up to 150%. Gee, we wonder what kind of deals he is making for his clients when his is brokering. But, it does not matter, because he did the “Libonao Shuffle,” and never intended to pay the debt back anyway.

• Finally, we found that Roman Libonao is the nexus of greed and stupidity. Clearly, he is not the sharpest tool in the chest. And just as clear, he craves all the finer things in life: exotic vacations, business class travel, multiple sports cars, to name a few. We have a document on hand from a Libonao victim, in which Libonao walked over to this person’s home with a notarized Trust Deed, and claimed this person was getting a “secured” loan. All they needed to do was hand over a check for tens of thousands of dollars. Luckily, this person, who at the time was already having payment issues with Libonao, wanted time to research it. Libonao failed to tell this person that there was a second TD ahead of them, and that the total liens totaled over $1,000,000. Oh, yeah, and that the value of the property was only $500,000. But Libonao’s rebuttal was wait, the loan would be tied to a property, so it HAD to be secured. Don’t worry about him, he’d never let the property go into foreclosure or bankruptcy. Famous last words as Libonao entered this and all of his other properties into bankruptcy in January of 2017. Most lenders who did not have a first TD on the property were wiped out. Libonao did not have a response when the potential victim tried explaining to Libonao that they’d have to pay back $1,000,000 in liens on a $500,000 property before they could get their money back. Not to mention Libonao would run up their legal bill, fighting them every step of the way.

#AmericanGreed

December, 2019 Visitors

We had a total of 652 visitors in the month of December. Welcome all new and returning visitors interested in learning more about this topic.  Please make sure to check out the other sections of this site. We  value all comments, and you may share your comments in the Tell Your Story section. 

November, 2019 Visitors

A total of 753 visitors viewed our website in the month of November. We welcome all of our new and returning guests.

And don't forget to check out our Profiles in Thievery section. A good read, as we get in more and more confirmed informatioin about Roman Libonao and his dealings.