WB Coyle Matters – Radio Interview with Tony Kovaleski from NBC Bay Area [Talk 910 AM - Gil Gross]


Thank you for the message today from an anonymous source sending this webpage link about a recent radio interview on 910 AM.   Pour a cup of coffee, tea, scotch or whatever wets your whistle and enjoy!
  • Radio Interview From Tuesday, February 25th 2014 @ 6pm (Listen Online)
    Chief Investigative NBC Reporter Tony Kovaleski speaks with Gil about his story that airs tonight at 11pm regarding real estate fraud & WB Coyle (Telegraph Hill Properties)

Listen to the Replay of The Interview:
http://www.talk910.com/media/podcast-gil-gross-gil_gross/gil-gross-022414-hr4-24391701

Screen Shot 2014-03-07 at 7.42.07 PM

Posted in Tenancy In Common Fraud, WB Coyle Lawsuits / Legal Matters

WB Coyle on NBC Bay Area – Feb. 24, 2014: Tony Kovaleski Video


Someone (thanks G. H.) just notified me that WB Coyle was finally captured on video by the NBC Bay Area Investigative team and that it aired last night on NBC Bay Area confirming the loss of his real estate license.  Below is a link to the story/video as well as well as the full text from the story (below).  Looks like this is front page news for NBC.  Wow!  Way to go.

View on NBC Bay Area Website:  http://www.nbcbayarea.com/investigations/Real-Estate-Broker-Surrenders-License-Following-NBC-Bay-Area-Investigation-san-francisco-246954731.html

WB Coyle

Full Text of Story from NBC Bay Area:

A prominent San Francisco real estate broker is out of business after more than a year of accusations and investigations.

Last year we reported that prominent San Francisco real estate broker WB Coyle had been accused by investors of cheating them out of $15 million. Now, Coyle’s brokerage has surrendered his real estate license to the state authorities.

Coyle is the subject of more than 20 civil suits from investors who alleged that he embezzled and hid millions of dollars. His company, Telegraph Hill Properties, constructed buildings and condominiums in San Francisco’s Presidio Heights neighborhood. For his victims, investing in real estate in the affluent neighborhood seemed like a strong financial decision.

“We have been through hell because of WB Coyle,” said investor John Sollner in an interview last April. Sollner was a former Marine Pilot who lost a significant portion of his life savings, about half a million dollars, to Coyle’s companies.

When investors spoke to the NBC Bay Area Investigative Unit last year, it seemed that the authorities could do nothing about Coyle’s pattern of fraud.

“It’s unbelievable that someone can just steal my money,” said another investor, Aaron Ferguson. “No one can do anything about this. It is ridiculous.”

Following NBC Bay Area’s reporting and a lengthy investigation from the state, the California Bureau of Real Estate accused Coyle’s companies of corporations fraud, making misrepresentations on the investments, and dishonest dealing.

“In our world, those are the big guns” said Tom Pool, Chief of Enforcement for the Bureau of Real Estate.

WB Coyle was scheduled to defend his actions, including explaining what happened to the millions investors accused him of taking, but he entered into settlement talks with the Bureau of Real Estate. Pool told us Coyle agreed “to surrender all of his corporate licenses and license rights.”

It’s the bureau’s most serious penalty. Public records confirm that Telegraph Hill Properties’ license was “surrendered in connection with a disciplinary action.” They include Coyle’s signatures assuring that his real estate empire is effectively out of business.

The Investigative Unit tried for more than a year to get Coyle’s side of this story. He declined many requests to speak on camera. Last week the Unit met Coyle on the streets of San Francisco. Chief Investigative Reporter Tony Kovaleski asked Mr. Coyle why he decided to surrender his corporation’s license to the California Bureau of Real Estate and if he planned to return the missing millions to his investors? Mr. Coyle elected not to address Kovaleski’s questions. Instead he continued walking and entered an elevator for a scheduled meeting in the downtown San Francisco building.

Coyle’s company will be without a license to practice real estate for at least two years. The state’s lead investigator says it’s likely to be much longer. According to the state, to be reinstated, Coyle would have to clear up his many civil lawsuits and pay restitution to his victims. He can regain license only by petitioning for reinstatement, and the department’s accusations will be considered true for purposes considering that petition.

In the meantime, his old investors have the potential to collect $250,000 from the Bureau of Real Estate’s fund for victims of fraud.

WB Coyle

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Posted in Real Estate Code of Conduct, Tenancy In Common Fraud, WB Coyle Lawsuits / Legal Matters

Public Service Notice: Hearing on January 16th [WB Coyle is currently in an Involuntary Bankruptcy]


This was a comment posted to the webpage recently that I just had to share:

WB Coyle is currently in an Involuntary Bankruptcy. (as well as Telegraph Hill Properties)

Both cases will be heard on January 16th 2014 at Federal Bankruptcy Court in San Francisco
235 Pine Street @ 2PM.

All information is public and is available on PACER. The public is welcome to attend these hearings.

One more time…

Date:  This Thursday, January 16

Location:
235 Pine Street, 19th Floor
San Francisco, CA 94104

Re: 
Hearing About WB Coyle’s Involuntary Bankruptcy

http://www.canb.uscourts.gov/court-information/locations/san-francisco-division

Posted in Tenancy In Common Fraud, WB Coyle Lawsuits / Legal Matters

WB Coyle & Telegraph Hill Properties No Longer Licensed To Practice Real Estate (License Surrendered – Meaning “Yes I am Guilty”)


I was just made aware that WB Coyle and Telegraph Hill Properties’ Real Estate License has been surrendered to the California Bureau of Real Estate.   Click on the image below to download the full letter from the BRE (PDF).   It sounds like he will never be able to practice real estate in the state of California.

Good reading and Good riddance you scumbag!!!!  You can also view this all on the DRE website here:
http://www2.dre.ca.gov/PublicASP/pplinfo.asp?License_id=01231385

WB Coyle - Telegraph Hill Properties Lose Real Estate License

Download The PDF from the Department of Real Estate

 

 

 

 

 

 

 

 

By the, way here is an article that I Found when googling WB Coyle by financialprostitute.com (Enjoy the photo)

http://financialprostitute.com/sf-real-estate-broker-was-looking-out-for-number-one

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Posted in Tenancy In Common Fraud, WB Coyle Lawsuits / Legal Matters

A Follow Up Segment on NBC Bay Area News – WB Coyle Investigation (Aired: July 18, 2013)


Greetings from Prague.  Just got a tip that this aired last night on NBC Bay Area News yesterday so I had to post this.  It is a follow up story on WB Coyle by NBC’s Investigative Report Team.  Read the article and view the video online here.

http://www.nbcbayarea.com/news/local/San-Francisco-Real-Estate-Broker-Not-Welcome-in-City-215887761.html

Folllow Up Story By NBC News on WB Coyle Investigation

Folllow Up Story By NBC News on WB Coyle Investigation

San Francisco Real Estate Broker “Not Welcome” in City

Board of Supervisors president sends strong message to real estate broker in wake of NBC Bay Area Investigation

http://www.nbcbayarea.com/news/local/San-Francisco-Real-Estate-Broker-Not-Welcome-in-City-215887761.html

Posted in Tenancy In Common Fraud, WB Coyle Lawsuits / Legal Matters

WB Coyle Segment on NBC News From May 22, 2013 (Jill Signing Out)


I want to let everyone know that I will no longer be administering this web page going forward.  Before I sign off and move on with my life (In Prague) and deal with my health issues I wanted to let everyone know about one final piece of news that was submitted to the web page today that seems to make my signing off that much more appropriate and rewarding.
Tonight at 11PM on NBC News the Investigative Reporting Team will air a segment on someone we have all grown to know over the years.   So tune in and I will now tune out.  NBC has been airing promos all day yesterday and today on the TV & radio.
Best of luck to all and thanks for all the information you have supplied over the past couple years that hopefully saved others from getting screwed over and raising awareness on this matter.
*** One final note – The DRE is on to WB Coyle as well.  Check out his DRE profile online.   Scroll to the bottom of the page and click on this last link under “Disciplinary or Formal Action Documents:”).  
On May 1, 2013 the Department of Real Estate legal team issued the following statement (Download the PDF below)
Watch The Video Segment Here:  
Screen Shot 2013-05-23 at 8.05.56 AM
Posted in Tenancy In Common Fraud, WB Coyle Lawsuits / Legal Matters

Significant Updates on WB Coyle Lawsuits


Below is a summary of some recent activity on lawsuits involving WB Coyle.

Chartis Specialty Insurance Company v. Telegraph Hill Properties, Inc. et al

http://docs.justia.com/cases/federal/district-courts/california/candce/3:2011cv05696/248145/66/

Here is a list to all other lawsuits on SF Superior Court Website (20 Lawsuits)

  1. Case Number: CGC-11-511301
    Title: GEORGWE PFLAKER et al VS. W B COYLE et al
    Cause of Action: CONTRACT/WARRANTY
  2. Case Number: CGC-11-515584
    Title: BARBARA THOMPSON VS. WB COYLE et al
    Cause of Action: CONTRACT/WARRANTY
  3. Case Number: CGC-11-512746
    Title: AARON FERGUSON et al VS. W. B. COYLE et al
    Cause of Action: CONTRACT/WARRANTY
  4. Case Number: CGC-10-501631
    Title: NORTH BEACH PARTNERS LLC VS. JOHN SOLLNER et al
    Cause of Action: CONTRACT/WARRANTY
  5. Case Number: CGC-11-511107
    Title: JAMES W. GAY VS. CREATIVE ALLIANCE, A CALIFORNIA LIMITED LIABILTY et al
    Cause of Action: CONTRACT/WARRANTY
  6. Case Number: CGC-11-513763
    Title: TRANSITION, LLC, A CALIFORNIA LIMITED LIABILITY VS. WB COYLE A/K/A W.B. COYLE et al
    Cause of Action: CONTRACT/WARRANTY
  7. Case Number: CGC-12-517451
    Title: TELEGRAPH HILL PROPERTIES, INC., VS. PHOENIX RABBIT, LLC A CALIFORNIA LIMITED LIABILIT et al
    Cause of Action: CONTRACT/WARRANTY
  8. Case Number: CGC-12-518534
    Title: LISA C. INDRIERI et al VS. W B COYLE et al
    Cause of Action: FRAUD
  9. Case Number: CGC-10-501629
    Title: DISSOLUTION PROPERTIES LLC, VS. JOHN SOLLNER et al
    Cause of Action: CONTRACT/WARRANTY
  10. Case Number: CGC-12-518652
    Title: TRYSTAN S. CHRIST VS. WALTER BERNARD COYLE et al
    Cause of Action: CONTRACT/WARRANTY
  11. Case Number: CGC-12-518666
    Title: DARREL C HORSTED VS. W B COYLE et al
    Cause of Action: CONTRACT/WARRANTY
  12. Case Number: CCH-11-572687
    Title: ERIN THOMPSON VS. WB COYLE et al.
    Cause of Action: CIVIL HARASSMENT
  13. Case Number: CSM-12-839952
    Title: ELIAS GUTIERREZ VS. DANILO JORGE et al
    Cause of Action: MONEY
  14. Case Number: CSM-11-839301
    Title: LANGFORD LAND SURVEYING VS. TELEGRAPH HILL PROPERTIES INC.
    Cause of Action: MONEY
  15. Case Number: CSM-12-839826
    Title: WILMAR DOS REIS VIEIRA VS. TELGRAPH HILL PROPERTIES INC.
    Cause of Action: MONEY
  16. Case Number: CGC-11-509179
    Title: NORTH BEACH PARTNERS LLC A NEVADA LIMIED LIABILITY VS. JOHN SOLLNER
    Cause of Action: OTHER NON EXEMPT COMPLAINTS (OTHER CONTRACT)
  17. Case Number: CGC-12-526194
    Title: TELEGRAPH HILL PROPERTIES, INC. et al VS. ERIN THOMSON et al
    Cause of Action: BUSINESS TORT
  18. Case Number: CGC-12-520779
    Title: SIMON MANNING VS. WILLIAM BERNARD COYLE AKA WB COYLE, AN INDIVIDUAL
    Cause of Action: CONTRACT/WARRANTY
  19. Case Number: CGC-12-525646
    Title: RICHARD SLOTA et al VS. COLDWELL BANKER, DOING BUSINESS AS DESIGNATION FOR et al
    Cause of Action: FRAUD
  20. Case Number: CGC-13-530208
    Title: TELEGRAPH HILL PROPERTIES, INC. VS. JUSTIN DELANO et al
    Cause of Action: QUIET TITLE – REAL PROPERTY
Posted in Tenancy In Common Fraud, WB Coyle Lawsuits / Legal Matters

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