Real Estate
Jerry Ponsky

He is a loan officer, a business owner, and home repair businessman. And those are just a few of the hats Jerry Ponsky of Cleveland, Ohio wears. His focus has typically been lower-income neighborhoods in that city.

He owned Brays Enterprises, a home remodeling and home repair company. This is just one of the many operations he started and closed.

Many people in Cleveland, Ohio claim they are victims of Jerry Ponsky and his many companies operating as a home improvement, and a foreclosure bailout lender, and a home lender.

Some 22 known lawsuits have been filed against Ponsky, who in turn either filed bankruptcy, or, closed the business and then opened a new one under a different name. Ponsky says its all a misunderstanding.

The question people and their attorneys keep asking is, why prosecutors refuse to charge Ponsky when they have been repeatedly handed the preverbal smoking gun to indict Ponsky.

By 2005, Ohio topped the nation for the most foreclosures, and according to numerous news articles, most the foreclosures involved fraud.

Below are links to news stories sent to WJFA and Lawsuits against Ponsky.

Prosecutors File Charges Against Ponsky

Federal and state prosectors filed criminal charges against Jerry Ponsky and others alleging they orchestrated schemes to fraud homeowners.

The Better Business Bureau reported that they had been aware of the numerous lawsuits and complaints against Ponsky's many companies.

Viewers'   Choice

October 2007

Last month, 20,000 viewers utilized the topics below.

Foreclosures

Foreclosures are at an all time high. This sections has many pages on options you have to save your home, and how to protect yourself from scam artists.

Credit Damage

For fraud victims, it is a nightmare beyond belief.  WJFA has numerous pages with example letters showing you how to work with the credit reporting bureaus to repair your credit report.

Take Action

Don't ever give up is WJFA's battle cry to victims. Take Action is our help center. Everything from how to file a criminal complaint, to an on-line group for emotional support. 

Legal Self Help

WJFA's volunteers have a bevy of tips to help you navigate the legal system.  If you don't find it here, the support group may be able to help.

20 Years of Ponsky's Broken Promises

Even when they win lawsuits, or settle, the guilty person seldom pays, according to court documents. Critics say the problem is the gray area in Ohio law that allows scam artists to remain off the radar of those who could bring serious criminal charges.

Jerry-rigged

Edelmiro Medina said Jerry Ponsky helped him secure a loan for $10,500 worth of home repairs, but then took all the money and never even started the work.

Molina vs. Ponsky

Carmen Molina sued Ponsky for fraud involving Ponsky's home repair business and double duty as the mortgage broker.

Ponsky's Mortgage License Revoked

Ohio Department of Commerce's Summary -- Division of Financial Institutions Orders and Enforcement Actions. Lists Jerry Ponky's loan officer license revoked on August 26, 2006.