If I could give TLA Developments zero stars, I would. As a former employee, I witnessed firsthand the company's egregious breach of contract, trust, and fiduciary duty that has left many investors and stakeholders in a precarious situation.
Investors, including those through The REInvestors in 2021, have seen their money vanish. The land purchased was resold to someone else, and now there's a lawsuit to recover the missing funds. Hundreds of Canadian investors have been impacted, with at least $3.5 million diverted to fund other pet projects. What about those investors who trusted us?
TLA Developments has admitted to misappropriating funds and failing to record bookkeeping entries accurately. The company consistently failed to provide annual reports, financial statements, or access to accurate bookkeeping records, leaving everyone in the dark about the true state of their investments. Our land was transferred below market value to another group to satisfy certain loans, severely impacting the Sterling Project and its investors. This was done without proper disclosure or transparency.
TLA Developments is a company that has failed its investors through gross mismanagement and unethical practices. Their financial misdealings, lack of transparency, and inability to manage funds properly make them a highly unreliable and risky choice for any investment. Avoid this company at all costs to protect your hard-earned money.
