A Visibly Shaken & Dejected Romspen General Partner Wesley Roitman Tells Investors Romspen’s Future Looks Bleak

RomspenRipoff.com has found a video of Romspen Investment Corporation’s 2024 investors’ meeting in Toronto.

After listening to the doom and gloom predictions of company executives like Wesley Roitman, investors better lawyer up. Why? To sue Romspen before it’s too late.

It is very clear after Roitman’s presentation that Romspen is in a death spiral they can’t pull out of. Over 50% of their loans are in default and are not performing. They have three loans that represent more than a BILLION Dollars of investor money. These three loans are losing value and dragging Romspen into bankruptcy.

So, if you’re an investor in Romspen, you can’t sit back and wait. It is not going to get any better. If you want to receive a fraction of your investment back, now is the time to demand it. The longer investors wait to pursue Romspen for their money, the less likely they are to get anything.

You need to file litigation against Romspen now to recover your money in a court-ordered mediation! That is the only way you will get it back!

The World Will Soon Find Out Wesley Roitman Has Been Running A Ponzi Scheme

wesley roitman What the entire world will soon find out is Romspen has been running a real estate ponzi scheme. Making high-risk “loan-to-own” deals with investor money which Roitman even admitted they EXPECTED would go into default and be non-performing, non-income producing loans.

But as long as they kept recruiting new money from “gray-hairs” from the USA and Canada, they could stay ahead of the train wreck. But when the commercial real estate bubble burst and more than 50% of their portfolio went bad, investors demanded their money back.

Roitman admitted they have over $500 Million in demands from their investors which they refuse to pay. This bad press killed their ponzi scheme gravy train. Now you can’t find a “gray-hair” retiree anywhere in North America that will give a penny to Romspen.

This is why they are in a death spiral. They don’t have the money to survive and that is why Roitman is so dejected – he doesn’t even wear a suit and tie. He just doesn’t care anymore because he knows the whole thing is going down.

Is Romspen Candy Coating Their True Losses?

The investors meeting from July 31, 2024 was only for the Romspen Mortgage Investment Fund. Romspen didn’t include the losses to their tax sheltered subsidiary in the Cayman Islands named Romspen US Master Mortgage LP. Romspen US Master Mortgage LP has taken over $150 million in losses over the past 3 years. Of course, this on top of the $1 billion in losses incurred by Romspen Mortgage Investment Fund.

Contrary to what Roitman and others tell their investors, it’s not due to the Covid pandemic or a volatile market. It’s due to Romspen’s poor investment strategies like their “Loan-To-Own” scheme and poor underwriting.

The presentations made by Wesley Roitman and others show the company is in serious jeopardy. From Wesley Roitman’s body language alone it’s apparent Romspen may not be around to see 2026.

Wesley Roitman’s Disturbing Presentation Should Scare Investors

What kind of General Partner of a multi-billion dollar fund doesn’t have the class to put on a suit and tie for an annual investors meeting?

At the beginning of the presentation Roitman was sitting on stage. He was extremely nervous and fidgeting. It was obvious he didn’t want to be in front of all the investors he is screwing.

Wesley Roitman was wearing a Miami-Vice style open shirt looking like a coke addict jonesing during his first day at the detox center. He didn’t know what to do with his hands.

Roitman kept touching his sunglasses. He then placed his face on his hands. He acted like someone who knows they’re fucked and it’s only a matter of time before they go to prison.

As the meeting went on, the more fidgety Roitman got. He just couldn’t sit still. He kept crossing his arms in front of him. Body language experts say this is a very negative posture. It is a sign of defensiveness and disinterest. It is a sign the person is putting up a barrier to try to protect himself from the crowd.

Even in the worst of times, CEOs and staff try to put a positive spin on the future in their annual meetings with investors. The purpose is to give your investors HOPE that you will pull the company out of the nose dive. At this point, Roitman and Rompsen executives weren’t even trying. They got up there and just vomited all over their investors with how bad everything was. It was pathetic and almost as if they were trying to prepare investors for their eventual insolvency.

Perhaps that is why Wesley Roitman didn’t wear a tie. He appears to have resigned to the fact that Romspen is toast and he could be going to prison. At least it will be a Canadian prison which are country clubs compared to American prisons.

Check Out These Government Websites If You Feel You Are A Victim Of Investment Fraud By Romspen:

How To File A Complaint In Canada:

Contact The Canadian Investment Regulatory Organization (CIRO) At 1.877.442.4322 For More Information. You Can Also Email Them At complaints@mfda.ca