Nav Athwal is back at it again. With his new venture, Terra AG Ventures, In agricultural pistachio and pecan nut investment opportunity, let's hope it's not run the same as his last start up venture ending abruptly in 2018, Realty Shares. Realty shares, a real estate crowdfunding investment platform created by Nav Athwal and colleagues led investors to believe very lucrative investment opportunities existed and backed.
The pitch was made these were thoroughly vetted and that borrowers were personal guarantors for the loans/ investments.
Also the loans (investments) were safe since the debt was secured by the property in the event of default. All this due diligence, never occurred. As of 2018 most the investors were defrauded out of millions upon millions of dollars in invested funds. The Ponzi scheme came to an end. As I write this in 2021, there are many open class action lawsuits against Nav Athwal, Ed Forst, Realty Shares, RS Lending, IRM etc. When investors stopped receiving monthly distributions in 2018 across hundreds of unrelated individual investments all around the country, the phones turned off at Realty shares there was no one to return calls or emails. Mr Athwal along with all other staff vanished and later they filed bankruptcy. Let's hope that this new agricultural venture is run nothing like Realty Shares, however I will feel much safer keeping my investment money far away from this new venture as history tends to repeat itself.
Nav Athwal and his family Karen Athwal are great story tellers and promoters.
Before considering this new venture please look up the facts online about Mr. Nav Athwal, and Realty Shares. You will thank me later.