KTAR.com Reports NEW Intermediary Defalcation

At the offices of the 1031 Exchange Experts, it astonishes us each time we hear a potential client choose to go with another company because of cheaper fees. Arizona’s KTAR.com just broke a story of a 1031 exchange husband and wife team that, if convicted, could face a combined 82 years in prison.

The couple in question, Gordon Deibler and Renata M. Majda-Deibler, have been indicted on a combined 26 counts of fraud and forgery. Ms. Majda-Deibler is also being sued for ‘breach of lease’ in an Arizona civil lawsuit, according to azcentral.com (case number CV07-53037).

...The clients who lost everything may have saved a couple hundred dollars...

The recent indictments of their company ‘1031 Exchange Consultants, LLC’ (NOT to be confused with ‘1031 Exchange Experts, LLC’) involved just over a million dollars. The couple was arrested in New York State and have waived extradition.

The clients who lost their entire 1031 exchange, a combined $1,038,514, may have saved a couple hundred dollars on their exchange fees.