Passive Wealth Builders, LLC (PWB)

Type: Tennessee Limited Liability Company
Joshua Jackson’s Role: 50% Stakeholder, Operations Manager

https://www.instagram.com/passivewealthbuilders/?hl=en

Business Overview:

Passive Wealth Builders, LLC (PWB) was promoted as a real estate investment company. Jackson claimed to oversee operations, marketing, and sales while his business partner Arnold Todd Yarger co-owned the company.

Documented Misconduct (Found at Fault):

  • Securities Fraud: PWB fraudulently raised over $1 million through false investment notes guaranteeing a 12% return.
  • Fund Mismanagement: The court found that funds were diverted for personal use, including luxury cars and vacations.
  • Property Deception: False claims about acquiring properties like 714 Westmount Ave., Dallas, TX, were central to investor fraud.

Legal Findings:

  • Judgments Against PWB and Jackson:
    • Courts ruled in Wu v. PWB and Drofa v. PWB that PWB and Jackson were at fault for securities fraud, misrepresentation, and breach of contract.
    • Damages Awarded: Over $2.2 million in compensatory and punitive damages.

Last Known Contact Information:

  • Address: 7950 Legacy Dr STE 400, Plano, TX 75024-4131
  • Phone: (877) 531-8858