Marked As Criminal
Dimitrios Neilas
Dimitrios Neilas and Hi-Rise faced severe legal and financial repercussions following regulatory violations and investor losses.
Trust Score
0
Red Flags
3
COMMENTS
2
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CRITICAL INTEL ON Dimitrios Neilas
Financial Penalties and Fines: FSRA imposed fines of approximately $38,888 for various infractions. Additional fines were sought against both Neilas and Hi-Rise.
Legal and Regulatory Violations: Multiple breaches of the Loan Brokerage Creditors and Managers Act. Unqualified syndicated loan agreements led to legal scrutiny.
Mismanagement of Investor Funds: Significant losses for investors, with some receiving no reimbursement. Limited recovery arranged for affected investors.
License Termination: Hi-Rise’s loan administration and brokerage licenses were revoked. Notice of Proposal issued to cancel Dimitrios Neilas’ license.
Unsettled Legal Battles: Ongoing court cases related to financial misconduct. Internal correspondence related to initial allegations was required for transparency.
Summary generated by data analyzed and provided by ChatGPT 4o, Grok and DeepSeek
3 RED FLAGS ON Dimitrios Neilas
by: Daniel Foster
Dimitrios Neilas is a disaster! Fines, license revocations, and lost investor money? How is he still in business???
by: Ella Morgan
I can’t believe people still work with Neilas. His mismanagement cost investors millions, and he’s still in court over it. Avoid at all costs!!!