I only heard about this yesterday at the bus stop…and it sounds like it could it get bad.
Principal Dan Meier of Robinson Secondary and his brother Thomas, principal at Langley HS in McLean, were participants in what might be the biggest mortgage fraud scam in the history of the state of North Carolina. The Meier brothers offered testimonials and got fellow educators to purchase plots of land at $25K each.
Daniel Meier, principal at Fairfax’s Robinson Secondary School, and his brother Thomas Meier, principal at McLean’s Langley High School, worked with a former student, Mark Dain, to motivate investors to pay artificially inflated prices for land in coastal North Carolina at the height of the housing boom, according to a lawsuit brought by the investors. Dain was a co-founder of the now defunct Total Realty Management, based out of Woodbridge.
The company purchased subdivisions worth approximately $150,000 before turning around and selling them for double and sometimes triple that figure, according to the complaint. The Meier brothers allegedly offered “testimonials” on the scheme’s success before crowds that often included teachers and colleagues. The sales were manipulated through “sham transactions” and multiple misrepresentations, according to the complaint filed in January in a Virginia federal court.
A lawyer for the plaintiffs in the lawsuit said the FBI had begun a criminal probe into the deals. FBI spokespersons in D.C. and North Carolina could not confirm whether the case has expanded to TRM.
This whole thing could get really ugly. In fact, if this post by a long graduated Robinson student is any indication, ugly barely begins to cover how bad it will be. Here is the full Fairfax Underground comment section-again, ugly barely begins to cover…
In North Carolina, the story has political implications:
The case has garnered huge headlines in North Carolina as a federal grand jury investigated various allegations including whether former North Carolina Gov. Mike Easley got a sweetheart deal on waterfront property and helped green-light permits for the project.
In my neck of the woods, it is a question of who is teaching our children, and should they be?