Florida Attorney General Investigates RAD Diversified REIT Amid Investor Complaints
Subpoenas Issued to Internet Personalities Brandon “Dutch” Mendenhall and Amy Vaughn
Florida Attorney General James Uthmeier has initiated a comprehensive investigation into the real estate investment trust (REIT) RAD Diversified REIT, Inc., focusing on its well-known co-owners, Brandon “Dutch” Mendenhall and Amy Vaughn. Allegations of deceptive and unfair trade practices, including a potential Ponzi scheme, have surfaced, prompting serious concerns from investors.
Rising Investor Complaints
Mendenhall and Vaughn, recognized for their active online presence and real estate investment seminars, position RAD Diversified REIT as an attractive option for those looking to invest in real estate without substantial capital. However, a growing number of investors claim they have faced significant challenges in receiving promised returns or retrieving their initial investments.
Attorney General Uthmeier remarked, “Our office has received complaints that a popular internet duo selling real estate investment services through their fund is pocketing cash instead of buying properties as advertised. This appears to be a Ponzi scheme, and with several individuals claiming they’ve been exploited, we are investigating to ensure Floridians are not being deceived by greedy fraudsters.”
Investigation Details and Documentation Requested
The Attorney General’s office has issued subpoenas requiring RAD Diversified REIT to provide extensive documentation by 9:00 AM on July 18, 2025. The specific documents requested include:
- Communications between RAD Diversified REIT and its investors
- All customer-related documents provided during transactions
- Records of customer complaints received by the company
- Operational and training manuals
- Offering statements and prospectuses detailing investment opportunities
- Marketing materials aimed at attracting additional investors
- Comprehensive banking and financial records
- Miscellaneous documents about stockholders and company holdings
Investigative Focus
The aim of this scrutiny is to verify the legitimacy of RAD Diversified REIT’s real estate holdings and whether fresh investor funds are being used to pay off earlier investors—a characteristic feature of Ponzi schemes.
What Affected Investors Should Know
Floridians who believe they may have been impacted by RAD Diversified REIT are urged to contact the Attorney General’s office. Such proactive measures are critical in protecting individual and collective investor rights.
Conclusion
The allegations against Brandon “Dutch” Mendenhall and Amy Vaughn highlight the pressing need for thorough oversight in the investment sector, particularly for platforms appealing to individuals seeking accessible investment opportunities. The investigation spearheaded by Attorney General James Uthmeier aims to safeguard investors and uphold fair trading practices in Florida.
For more information on the ongoing investigation and updates as they develop, you can follow credible news sources or visit the official Florida Attorney General’s website.
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