Recent reports and victim statements suggest that this operation may be far more than a failed business model it may be a structured financial fraud scheme that leveraged seminars, real estate pitches, and legal façades to extract millions from unsuspecting investors.
Ricci, a suspended lawyer previously cited for misconduct in real estate and mortgage dealings, acted as the legal backbone for 1PLUS12. The company promoted high-yield real estate investments, joint ventures, and “wealth-building mentorship,” but numerous lawsuits allege severe misrepresentation, lack of regulatory compliance, and undisclosed ties to known fraudsters like Arash Missaghi and Sai Mohammed (Mo Jiwani).
Multiple investors claim that funds were funneled into properties they never controlled, some already in foreclosure, with returns that were either fabricated or never delivered. Court documents show at least $20–25 million may have been pooled through these programs, much of which remains unaccounted for.
Several questions now arise for the community:
• Did Ricci and 1PLUS12 knowingly operate outside OSC/FSCO regulations to avoid oversight?
• Were the seminars a recruitment funnel for a larger network involving previously flagged financial actors?
• How many investors have come forward publicly, and how many remain silent due to NDAs or intimidation?
• Are there more undisclosed links between 1PLUS12 and past mortgage-fraud investigations?
Anyone with documentation, past experiences, legal filings, or insights into Ricci, 1PLUS12, Mon8ta, or associated individuals is encouraged to contribute.
This thread aims to compile credible information, support victims, and help identify whether this was a systemic fraudulent operation or a case of extreme mismanagement with catastrophic consequences.
Looking forward to informed discussion from the community.
Ricci, a suspended lawyer previously cited for misconduct in real estate and mortgage dealings, acted as the legal backbone for 1PLUS12. The company promoted high-yield real estate investments, joint ventures, and “wealth-building mentorship,” but numerous lawsuits allege severe misrepresentation, lack of regulatory compliance, and undisclosed ties to known fraudsters like Arash Missaghi and Sai Mohammed (Mo Jiwani).
Multiple investors claim that funds were funneled into properties they never controlled, some already in foreclosure, with returns that were either fabricated or never delivered. Court documents show at least $20–25 million may have been pooled through these programs, much of which remains unaccounted for.
Several questions now arise for the community:
• Did Ricci and 1PLUS12 knowingly operate outside OSC/FSCO regulations to avoid oversight?
• Were the seminars a recruitment funnel for a larger network involving previously flagged financial actors?
• How many investors have come forward publicly, and how many remain silent due to NDAs or intimidation?
• Are there more undisclosed links between 1PLUS12 and past mortgage-fraud investigations?
Anyone with documentation, past experiences, legal filings, or insights into Ricci, 1PLUS12, Mon8ta, or associated individuals is encouraged to contribute.
This thread aims to compile credible information, support victims, and help identify whether this was a systemic fraudulent operation or a case of extreme mismanagement with catastrophic consequences.
Looking forward to informed discussion from the community.