WB Coyle has Ellised Acted at least 69 units and has fraud charges against him and is managing member of 12 active LLCs, including Above Water LLC. He has Ellis Acted three buildings multiple times. Lawsuits against him involve over $15 million and span nearly a decade. Supervisor David Chiu describes, “The WB Coyles of the world are not only not welcome in my district, or in San Francisco, but ought to be fully prosecuted to the fullest extent of the law.”
The lawsuits against him involve over $15 million and span nearly a decade. Coyle’s investors have said that in many cases he sold properties without their knowledge. He has been accused of manipulating the investments in his favor to increase his profit and their losses.
Nearly a dozen angry investors told the NBC Bay Area Investigative Unit that he took their money, hid records, diverting funds, failing to provide financial records and real estate fraud, and took secret commissions. He attracted over a dozen investors to false promises of profit from prime real estate in North Beach. Sollner described, “I gave him a half million dollars. My life savings at the time." He and others, including Scott Jacques, invested in a Presidio Heights multi-unit building. “This has literally destroyed my family,” Jacques said, adding that the deal caused him financial ruin.
Coyle's pattern of operation was complicated and differed from investment to investment. Documents certified by the San Francisco Office of the Recorder-Assessor, show Coyle has received multiple notices of default or foreclosure. The investors have sought relief from the courts, from the state of California, the FBI and from local San Francisco law enforcement. He is currently bankrupt.
Member of Above Water, LLC
Registered Agent of Plafker Ventures, LLC
Registered Agent of Tarder, LLC