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Pleasanton financier added to lawsuit claiming his company cheated clients

Original post made on Apr 4, 2013

William Hogarty, 49, the owner of a now-defunct Pleasanton firm that allegedly bilked homeowners out of tens of thousands of dollars has had his name added to the lawsuit against the firm.

Read the full story here Web Link posted Thursday, April 4, 2013, 9:33 AM

Comments (9)

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Posted by anon
a resident of Another Pleasanton neighborhood
on Apr 4, 2013 at 11:27 am

I do not and will not ever believe a word that comes out of this man's mouth. How does one forget to list all those assets in his bankruptcy filing? He blames everyone else. Obviously the bankruptcy attorney knows the difference between gross and net income. I seriously doubt his IRS audit went as smoothly as he said.

He is finally getting what he deserves.

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Posted by PM
a resident of Downtown
on Apr 4, 2013 at 11:51 am

Classic Bill Hogarty responses. Now he claims it's a DOJ trial attorney's fault, Maggie McGhee, that he committed bankruptcy fraud and that hundreds of thousands of dollars of tax payer money was wasted because the DOJ had to investigate to prove he was committing bankruptcy fraud. Oh wait, this all happened and all this work was done because Ms. McGhee has a "vendetta" against him. Huh, seems to me that Mr. Hogarty stipulated/agreed to have his bankruptcy case denied within a week before the DOJ was to take him to trial on the 20+ count complaint filed against him. Not WITHDRAWN, but DENIED. So now he admits bankruptcy fraud, but is trying to play the victim and personal vendetta card again. He's a really important man to have the DOJ and their highly paid trial attorneys pursue these types of cases against him to satisfy a personal vendetta. I wonder if Maggie McGhee is also mentally ill and that this is the reason she went after him. I'm having flashbacks to when he claimed he was a victim of the Department of Real Estate when they too spent thousands investigating his fraud and sought to revoke his license. He of course surrendered it right before it was to be revoked once again agreeing that the charges/complaint filed against him were correct.

Poor Bill. I mean c'mon, with so many people having vendettas against him for no reason and since he has mentally ill people after him maybe we should cut him some slack [portion removed.]

For the records, he actually took in millions on his mortgage relief scam, not tens of thousands. There are several hundred victims, not dozens. He absolutely positively did not pay back all the money he was legally bound to put in a trust account and stole (findings by the Department of Real Estate which caused him to surrender his license when the DRE sought to outright revoke it) and in fact the Department of Real Estate found the trust account was empty with a long history of massive amounts of business/trust funds being transferred to he and his Wife's personal bank account. This would be the very reason the IRS was brought into the investigation because it resulted in he and his wife having millions in income and they had all the bank statements to prove it. This occurred a few years after he stole all the funds out of his employees' 401K plan that they had contributed out of their hard earned compensation only to have him steal it all leaving them with nothing. Huh, I wonder if he reported all the money his stole from his employees then as income? Perhaps someone needs to call the IRS and suggest this be investigated too. I'm sure they also have a personal vendetta against him and will pursue it.

One other tidbit that might be of interest, Bill Hogarty was the BROKER of OF Lending. He is claiming that all these people that were scammed by his company weren't his customers and they were the customers of his agents. Well guess what.......real estate law is very specific that every client belongs to the BROKER and not the agent. Agents handle and work with clients on behalf of the BROKER, and the BROKER is the one to properly manage all agent and client activity. Every single one of these clients was HIS, period. [Portion removed.]

I wonder what new scam he's up to now? He managed to convince hundreds of people to join ACN because it was the greatest thing since sliced bread and they were all going to make millions. Oh but then he realized he couldn't get rich quick on the back of all these poor folks he signed up and had pay fees so he dumped the ACN gig and is now trying to dupe the same people into his newest MLM scam. I know he said ACN was God's greatest gift and that you should trust him and spend money to join so he can get a cut, but really, this time for sure it's the case and you will make millions if you join him even if you joined ACN being told the same.

[Portion removed.]

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Posted by Bob
a resident of Livermore
on Apr 4, 2013 at 12:14 pm

[Post removed due to excessive and/or repetitive post by same poster using different names to make it appear more people agree with him or her]

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Posted by Me
a resident of Another Pleasanton neighborhood
on Apr 4, 2013 at 12:30 pm

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Posted by Micky
a resident of Foothill Place
on Apr 4, 2013 at 1:02 pm

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Posted by PM
a resident of Another Pleasanton neighborhood
on Apr 4, 2013 at 1:08 pm

[Post removed due to excessive and/or repetitive post by same poster using different names to make it appear more people agree with him or her]

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Posted by william hogarty
a resident of Laguna Oaks
on Apr 5, 2013 at 5:22 am

william hogarty is a registered user.

I am a bit reluctant to comment yet for years I have sat back and watched people attacke me, many who never met with me take stabs at me and most did it annomiously. I am far from perfect or a saint. Yet I am a very hard worker and driven, more than most. I have many faults and first to admit them. I guess someone who never met me wouldnt know I am the first to admit my faults. The internet has been a place to judge and attack people Not sure what people get out of it yet so be it. I feel Glenn did a fair job at both sides of the story, thank you. I am happy to discuss with ANYONE the facts behind what I have done and support with documentation. I worked for 22 years with a perfect reputation and over 100,000 happy clients I worked hard for that. When the mortgage market colapsed, it was survival without a rule book. I have been accused at taking 401k money, We paid EVERY dollar back. There was a group of 20 or so people that met weekly in an attempt to get back at me, and yes NOT one was my client and YES I was responcible for the agents whom clients they were. I have paid dearly. This group contacted the IRS, DOJ, DA and DRE. The IRS for instance, they alleged I stole trust funds and didnt pay taxes. I went through a 1.5 years audit (probably cost 150k of tax payer money, where is the accountability for the fault accusations) and found to have paid all my taxes and no tax liability. Yet on the internet whatever one is accused of, they appear to be guilty.

I am a VERY lucky guy. I have an amazing wife, amazing X wife, children, brother, parents and in laws. Yes this has been very trying and saddening to see the horrible things written yet in the end I have to focus on what I can change. I realized worrying about what people I dont know think will just waste alot of energy so I focus on my family. Again far from perfect yet progress

I paid 440k back, have the canceled checks

Have 100 approvals out of 400 filesm hardly a scam (went on national TV "we are having a hard time with approvals with 2 largest banks and a contract that was clear that no guarantee")

This was over four years ago, and I peacefully ask that we all move on. Yes I have paid dearly, yet in the end I tried to help people and it didnt work out, yet I did not cause the collapse of the real estate market.

I went in new nothing direction with my career as real estate used to be fun, yet it wasnt any more. I love what I do now and have always believed that one shoud love what they do I still have friends in real estate and 90% hate it.

So please understand their are two sides to every story and I am ALWAYS willing to support my side with facts I am sure my responce here will result in some attack and it was a risk going to the press yet I couldnt stand back and watch the rumors fly around any more (sad how many consequences come with rumors) The DOJ accused me of horrible things, not true, yet I didnt have the money to fight any more. Attorney's are exspensive. The DOJ did deny anything, I choise to stop fighting The world is a very challenging place (all 7 of my friends got divorces with fianancial pressure) and I hope we can move on and focus on the future

I wish you all a great day!

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Posted by Anonymous Livermore
a resident of Another Pleasanton neighborhood
on Apr 5, 2013 at 1:21 pm

Anonymous Livermore is a registered user.

I am one of so many hurt and displaced by this man. He seeks to "move on" and wants everyone else to because it suits him now that we can all go after him since he can't hide behind his fraudulent bankruptcy filing anymore. We will be going after him and we encourage others to do the same. We've all had our hands tied by his false bankruptcy claim for a few years and I'm thankful the DOJ saw through this and didn't let him get away with it. I agree that his agreeing to have it declined is in fact him admitting to the DOJ charges. [Portion removed.]

He is admitting to stealing his employee's 401K funds somehow suggesting it was okay because he he claims to have paid them back. Does this mean we can now all rob banks as long as we pay them back?

I'm baffled by his comment that with the collapse of the market which he apparently blames for his theft and fraud that it was "survival without a rule book". Huh? There was definitely a rule book that he chose to ignore which is why he now doesn't have a license and can't legally operate in the real estate world. It's a very narcissistic way of thinking to first blame and industry for illegal acts and then to claim there were no rules when there most definitely was. It was him breaking them that caused him to get reported to the DRE and other agencies and why they took action. By some reporting him, which he is attempting to suggest makes him a victim, saved lord knows how many more families grief had he still maintained his licenses. The DOJ ruling is no different. If all the agencies he was reported to found the complaints unfounded, they wouldn't have gone after him. It was no vendetta, it was the proper authorities doing the proper things to protect consumers. He is no victim.

[Portion removed.]

He now claims a 25% success rate on his modification scam, but before he claimed it to be much higher. When people singed up it was 8 of ten that were successful and now it's 1 of 4. I don't believe this number either having talked to a former employee. When you tell a customer you are successful 80% of the time to get them to pay you in excess of $10,000 when you now admit the success rate to be at best 25% (which is probably another lie), this is a scam and amounts to him defrauding hundres of people out of millions that the DOJ found he funneled to his own personal bank accounts. He most definitely did not pay back all the money he was supposed to have in trust and some of the refunds he paid were his bounced checks.

I hope Mr. Hogarty will consider expressing some remorse and apologize instead of [portion removed] making himself out to be a victim. [Portion removed.]

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Posted by olfthfl
a resident of Pleasanton Meadows
on Apr 5, 2013 at 5:15 pm

olfthfl is a registered user.

[Post removed.]

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