• Report: #418687

Complaint Review: Fred Campbell - USAsset Corporation

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  • Submitted: Sat, January 31, 2009
  • Updated: Thu, April 16, 2009

  • Reported By:Albrightsville Pennsylvania
Fred Campbell - USAsset Corporation
1802 North Carson Street, Suite 108-2179 Carson City, Nevada U.S.A.

Fred Campbell - USAsset Corporation, FRAUD, TO DEFRAUD Carson City Nevada

*Author of original report: Fred Campbell - USAsset Corporation working with me.

*Author of original report: USAsset Corporation, UPDATE!

*Author of original report: FRED CAMPBELL TOOK MY MONEY!!!

*UPDATE Employee: Toney

*UPDATE Employee: Toney

*Author of original report: Fred Campbell (USAsset Corporation)

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In October 2007, Fred Campbell (USAsset Corporation) mislead me into believing that he was going to do a buy/sell transaction which would allow him to buy MTN's "Medium Term Notes" below market value then turn around the same day and sell them @ a profit! He told me that I had to put money in an escrow (Austin Escrow and Title, LLC) account and that the transaction would happen within an hour or two!

For 3 to 4 days leading up to my funds being placed into the escrow (Austin Escrow and Title, LLC) account, Fred Campbell (USAsset Corporation) informed me that if I needed to talk to him just give him a call and ask that I not call his Lawyer (Murray S. Wilkening) or the escrow (Austin Escrow and Title, LLC) account!

Before I placed funds into the escrow account I confirmed that the funds would not be removed! Fred Campbell (USAsset Corporation) agreed! But once Funds went into the escrow (Austin Escrow and Title, LLC) account, the escrow closed and Fred Campbell (USAsset Corporation) started his, I did my part speech!

I had a conversation with Fred Campbell (USAsset Corporation) regarding what happen and Fred Campbell (USAsset Corporation) stated that the MTN's had no value! I then had a conversation with John Campbell, John Campbell was the seller of the MTN's! John Campbell stated that the MTN's did have value and he provided Fred Campbell (USAsset Corporation) with a 30 plus page lay out, outlining the details regarding the MTN's!

I then confirmed with Fred Campbell (USAsset Corporation) having these documents that John Campbell stated he sent Fred and Fred said, yeah, I have them, but... and so that I don't misquote Fred Campbell (USAsset Corporation), He confirmed having the documents and stated that the MTN's Had no value! He stated that the MTN's was only worth 30-cents on the dollar, not the 80-cents on the dollar John Campbell stated! sent by John Campbell! No relations!

QUESTION, This being directed to Fred Campbell, If you already knew the MTN's had no value back in October 2007, why did you take my money out of the escrow account when you knew you weren't going to buy the MTN's in the first place? Please explain that to me!

On November 2008 like a "jackass", I tried to right the wrong with Fred Campbell (USAsset Corporation) and approached him with another transaction! Fred Campbell (USAsset Corporation) claimed he wanted to do the transaction but I had to sign another MoU! I then told Fred Campbell (USAsset Corporation) that he had to fill out other documents that did not relate to MoU he provided! He agreed!

After a month, he provided me with another MoU! This one had a few more details regarding the type of transaction I approached Fred Campbell (USAsset Corporation) with! Still I had to return these MoU! At the same time Fred Campbell (USAsset Corporation) lead me to believe that his group was filling out these other documents that was needed! Fred Campbell (USAsset Corporation) still pressed me for the MoU and even gave me a Pay sheet to speed things alone!

I provided Fred Campbell (USAsset Corporation) with the MoU but to my belief, much like before, these weren't final documents! They were still in Microsoft Word format, which by industry standard is not final documents due to them being able to be altered! As soon as Fred Campbell (USAsset Corporation) got the MoU back, he started saying to me that the other documents I provided him do not comply with the MoU!

Question, Didn't you know that before you sent the MoU and you had the other documents in your possession?

His last words to me was he's out of it!
Well, we'll have to just wait and see about that!

If anyone was a victim of this group please contact me @ (((email redacted)))

Toney
Albrightsville, Pennsylvania
U.S.A.

CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

This report was posted on Ripoff Report on 01/31/2009 07:32 PM and is a permanent record located here: http://www.ripoffreport.com/r/Fred-Campbell-USAsset-Corporation/Carson-City-Nevada-89701/Fred-Campbell-USAsset-Corporation-FRAUD-TO-DEFRAUD-Carson-City-Nevada-418687. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 Author of original report

Fred Campbell - USAsset Corporation working with me.

AUTHOR: Toney - (U.S.A.)

We are currently working things out so I am requesting to have this report removed.
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#2 Author of original report

USAsset Corporation, UPDATE!

AUTHOR: Toney - (U.S.A.)

FRED CAMPBELL (US Asset Corporation) DID NOT PERFORM PART 2! HE ONLY DID PART 1" IN AN UPDATE, DATED 27TH OF FEBRUARY 2009 I ADDED ADDITIONAL INFO REGARDING THIS TRANSACTION TO REBUTTAL FRED CAMPBELL (US Asset Corporation) CLAIMS TO TRY AND YET AGAIN MAKE HIMSELF CLEAR OF ANY WRONG DOING. I ACCIDENTALLY PUT FRED CAMPBELL DID "PART 1 & PART 2!" SO TO CORRECT THAT FACT, FRED CAMPBELL DID NOT PERFORM PART 2! AGAIN I REPEAT FRED CAMPBELL DID NOT PERFORM PART 2!
HE DID TAKE MY MONEY THOUGH! HE SEEMS TO BE GOOD AT DOING THAT!

Please be informed

Currently an FBI investigation going on,

and the Securities and Exchange Commission

Case 4:07-cv-00346 Document 1 Filed 07/18/2007
www.sec.gov/litigation/complaints/2007/comp20200.pdf
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#3 Author of original report

FRED CAMPBELL TOOK MY MONEY!!!

AUTHOR: Toney - (U.S.A.)

Our clients execute a written services agreement and escrow agreement, as did Toney. We and the escrow agent performed according to the exact terms of the written agreements.

THE SERVICE AGREEMENT AND ESCROW AGREEMENT IS PART 1 OF A "3 PART" TRANSACTION! I PLACED FUNDS IN AN ESCROW (Austin Escrow and Title, LLC) TO FACILITATE A TRANSACTION
WE'LL CALL THIS SECTION, "PART-1!"

JOHN CAMPBELL WAS SELLING FRED CAMPBELL "MTN'S" AT A PARTICULAR MARKET VALUE! FRED CAMPBELL WOULD BE ABLE TO SELL THESE MTN'S" ON THE OPEN MARKET AT A PROFIT! WE'LL CALL THIS SECTION, "PART-2!"

JOHN CAMPBELL AND RHONDALYN SINGH TANWAR PHD WOULD FUND MY DEVELOPMENT! WE'LL CALL THIS SECTION, "PART-3!"

HERE'S THE PROBLEM, IN THE BEGINNING I DID NOT KNOW ANYTHING ABOUT THE MTN'S" TRANSACTION (PART-2)! I ONLY KNEW FRED INFORMED ME THAT I HAD TO PLACED FUNDS IN AN ESCROW ACCOUNT! JOHN CAMPBELL WOULD BE ABLE TO FUND MY PROJECT!

WHY I WROTE THIS REPORT ABOUT FRED CAMPBELL
IN THE BEGINNING I DID NOT KNOW THAT THIS WHOLE THING WAS RIDING ON A BUY/SELL TRANSACTION REGARDING MTN'S!

I DID NOT KNOW THAT IF FRED CAMPBELL DO NOT BUY THESE MTN'S" FROM JOHN CAMPBELL THEN THE DEAL IS NOT GOING TO HAPPEN! I DID NOT KNOW THAT FRED CAMPBELL ALREADY KNEW HE WAS NOT GOING TO BUY THESE MTN'S" FROM JOHN CAMPBELL! HE SHOULD NOT BE TAKING MONEY UNLESS HE WAS GOING TO GO THROUGH WITH PART-1 & 2!

THUS, WITHOUT "PART 2" IN THIS 3 PART TRANSACTION, YOU CAN NOT GET TO "PART 3!" YOU CAN'T PASS "GO" YOU DO NOT COLLECT $200 HUNDRED DOLLARS! "(MONOPOLY)!"

FRED CAMPBELL CLOSED THE ESCROW AND STATED THE "MTN" HAD NO VALUE! AGAIN I ASK YOU FRED, IF YOU ALREADY KNEW THE NOTES HAD NO VALUE THEN WHY DID YOU TAKE MONEY FROM ME! JOHN CAMPBELL PROVIDED YOU WITH THE DOCUMENTS OUTLINING THE MTN'S"! YOU CONFIRMED RECEIVING THESE DOCUMENT BEFORE I PLACED FUNDS IN THE ESCROW ACCOUNT, THAT WAS NOT SUPPOSE TO CLOSE WITHOUT "PART 2!" YOU SHOULD HAVE CONFIRMED THE VALUE OF THESE MTN'S"! I MEAN WE'RE TALKING $100MILLION DOLLARS WORTH OF MTN'S"!

SO TO RECAP, JOHN CAMPBELL THINKS FRED CAMPBELL IS GOING TO BUY THESE MTN'S, FRED CAMPBELL PROVIDES A SERVICE AGREEMENT AND ESCROW AGREEMENT, I'M DAYS AWAY FROM CLOSING MY DEAL, I PLACE FUNDS IN ESCROW, FRED CAMPBELL, KNOWING HE'S NOT GOING TO BUY THESE MTN'S STILL GOES THROUGH WITH PART-1 AND PART-2, CLOSED THE ESCROW THEN STATES THE MTN'S HAD NO VALUE! JOHN CAMPBELL NOT ABLE TO SELL THE MTN'S TO FRED CAMPBELL HAS TO TRY AND FIND ANOTHER BUYER, NO PART-3! IN THE BEGINNING, I KNEW PART-1 AND PART-3! HAD I KNOWN PART-2 IT IS CLEAR THAT I WOULD HAVE NOT PLACE FUNDS IN AN ESCROW UNLESS FRED CAMPBELL PROVIDED CONFIRMATION THAT HE WOULD BUY THE MTN'S!


IT SHOULD HAVE RECAP LIKE THIS;

FRED BUYS THE MTN'S" FROM JOHN CAMPBELL, JOHN CAMPBELL FUNDS THE PROJECTS, FRED CAMPBELL THEN RESELLS THE MTN'S" ON THE OPEN MARKET ABOVE WHAT HE PAID, EVERYONE WINS!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
It was Toney's side of the transaction, the parties that proposed the transaction to him, that failed to perform

I MET FRED CAMPBELL AND JOHN CAMPBELL AT THE SAME TIME ON A CONFERENCE CALL! THEY BOTH SPOKE REGARDING THE TRANSACTION BUT DID NOT TALK ABOUT MTN'S! AT THAT TIME BOTH PARTIES AGREED!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
(the claim that we proposed a transaction to him is completely inaccurate that is not our business).

CORRECTION ABOUT THIS STATEMENT Fred Campbell (USAsset Corporation) mislead me into believing that he was going to do a buy/sell transaction which would allow him to buy MTN's "Medium Term Notes" below market value then turn around the same day and sell them @ a profit!

FRED CAMPBELL DID NOT PROPOSE THE TRANSACTION TO ME! IN THE BEGINNING, I DID NOT KNOW ANYTHING ABOUT THE MTN'S TRANSACTION! THAT WAS BETWEEN FRED CAMPBELL AND JOHN CAMPBELL! HOWEVER, I DID FIND OUT AFTER THE ESCROW CLOSED! AFTER QUESTIONING WHAT WENT WRONG AND HOW CAN WE MAKE IT RIGHT!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
We have given Toney additional chances to perform, at no additional cost, to try to help him.

I CAME TO FRED CAMPBELL WITH A TRANSACTION THAT WOULD ALLOW HIS FUNDS OWNER TO HAVE FUNDS PLACED IN THEIR ACCOUNT, UNDER THEIR CONTROL AND EVEN RECEIVE THE FUNDS AND PAY ME THE DIFFERENCE AND HE TURNED THAT DOWN CLAIMING THE TRANSACTION DID NOT AGREE WITH HIS MOU! HOWEVER, PRIOR TO RECEIVING THE MOU, HE STATED HE WOULD PERFORM, ONCE HE RECEIVED A WORD COPY, NOT FINALS, NO SIGNATURE, OF THIS MOU, HE STARTED CURSING AT ME AND STATING THAT HE'S OUT OF IT AND IF I CALLED HIM AGAIN HE WILL NOT ANSWER MY CALLS AND HE DOESN'T EVEN READ MY EMAILS, HE DELETES THEM!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
In any event there are written, signed documents that may be enforced as written, if Toney wants to seek legal relief against us. He has not done so because it is clear that we performed and his side did not. That is why Toney uses the rip-off report.

Chess strategy consists of setting and achieving long-term goals during the game for example, where to place different pieces while opponents concentrate on immediate manoeuvre. These two parts of chess thinking cannot be completely separated, because strategic goals are mostly achieved by the means of tactics, while the tactical opportunities are based on the previous strategy of play.

AS FOR THE LEGAL PART OF IT, I DON'T THINK IT'S WISE TO ASSUME I DO NOT HAVE A TEAM OF LAWYERS!!! JUST NOT WISE...

YOUR MOVE...
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#4 UPDATE Employee

Toney

AUTHOR: Fred - (U.S.A.)

Our clients execute a written services agreement and escrow agreement, as did Toney. We and the escrow agent performed according to the exact terms of the written agreements. It was Toney's side of the transaction, the parties that proposed the transaction to him, that failed to perform (the claim that we proposed a transaction to him is completely inaccurate that is not our business). We have given Toney additional chances to perform, at no additional cost, to try to help him. In any event there are written, signed documents that may be enforced as written, if Toney wants to seek legal relief against us. He has not done so because it is clear that we performed and his side did not. That is why Toney uses the rip-off report.
Fred
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#5 UPDATE Employee

Toney

AUTHOR: Fred - (U.S.A.)

Our clients execute a written services agreement and escrow agreement, as did Toney. We and the escrow agent performed according to the exact terms of the written agreements. It was Toney's side of the transaction, the parties that proposed the transaction to him, that failed to perform (the claim that we proposed a transaction to him is completely inaccurate that is not our business). We have given Toney additional chances to perform, at no additional cost, to try to help him. In any event there are written, signed documents that may be enforced as written, if Toney wants to seek legal relief against us. He has not done so because it is clear that we performed and his side did not. That is why Toney uses the rip-off report.
Fred
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#6 Author of original report

Fred Campbell (USAsset Corporation)

AUTHOR: Toney - (U.S.A.)

I provided $100,000 in an escrow account that was not suppose to be removed until all was in total agreement regarding a buy /sell transaction! I was told by Fred Campbell personally that no money would leave the account! As soon as the funds hit the escrow, he closed the escrow, took my money and sent me a bunch of useless papers I can't used! I know for a fact that he sent at least one more person the same paper! The papers are from a so-call lawyer who claims to be holding $2mil plus in an account for the so-called purpose of your transaction! QUESTION, how were going to do all these transactions, total of 16 from what I understand, promising $2mil, $3mil even more funds and provided the same account info with the same amount from the same person! A total of $5mil would be needed just from us two! The account only showed $2mil plus! This clearly confirms he did not have the money he claims and the only way he gets his money is by scamming people to believe he will perform a transaction, then they put their funds in an escrow account and nothing happens!
I want the $2million he promised or my money back!
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