On November 26, 2006, BCN Development employees and Public Relations Personnel created a blog site entitled "Don’t Beware of CN” (
http://bewarecn.blogspot.com).
In Craig Nassi’s testimony, he makes several errors in his facts (some of which are public record). The purpose of this clarification is to accurately present those facts and ask you to judge for yourself:
- Nassi said: "It has come to our attention that one of these unhappy critics is slandering us with a website called bewarecn.”
Fact: The website (www.bewarecn.com) is not slanderous and presents the true story.
- Nassi said: "This person was a speculative investor in an entity we were partners in; Prado LLC which is a 20 story successful condominium building.”
Fact: The person was not a "speculative investor” but a future resident with every intention of customizing and purchasing a unit. Why else would the person spend $7,400 in upgrades and engineering fees?
- Nassi said: "This person did not buy and close on a residence in any of our properties. She put a deposit down on a residence and couldn’t close on it when the time came. She consequently lost her deposit to our banks that would not return deposits. Since she defaulted on her contract, she consequently lost her deposit as stated in the contract she signed and is a normal real estate business practice.”
Fact: The purchasers filed a lawsuit against the Prado Condominium Corp. for breach of contract since the Prado could not finish the project in the time frame specified in the contract. The contract (which the Prado itself wrote) stated that if the project wasn’t completed in two years, that the contract was null and void. The Prado compelled arbitration and lost its case – a judgment was issued and filed in Denver District Court which today remains unpaid and continues to accrue interest. See Denver District Court Transcript of Judgment by clicking here.
- Nassi said: "Nevertheless this person has gone out of her way to slander us with plenty of meaningless, frivolous and immature comments that are elementary and blatant lies.”
Fact: Based on the public records and facts presented, judge for yourself!
- Nassi said: "We have not had a judgment awarded or an unsolved lien settled.”
Fact: On April 14, 2004, Denver District Court issued an Order Confirming Arbitration Award and Directing Entry of Judgment on Arbitration. To see the Arbitration Award and Directing Entry of Judgement on Arbitration click here. The court-ordered judgment has not been paid.
- Nassi said: "All that we have stated here is public record which you have the right to see and research. In fact, we encourage you to do so
yourself."
Absolutely! …and then ask yourself: "Why would someone provide testimony that contradicts public records?
