• Report: #461193

Complaint Review: JKG Development - Babuski - Jean Marc EL Jwaidi - Jamal EL Jwaidi,

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  • Submitted: Fri, June 12, 2009
  • Updated: Sat, September 08, 2012

  • Reported By:LAS VEGAS Nevada
JKG Development - Babuski - Jean Marc EL Jwaidi - Jamal EL Jwaidi,
8820 W. Russell Road # 100-105 Las Vegas, Nevada U.S.A.

JKG Development - Babuski - Jean Marc EL Jwaidi - Jamal EL Jwaidi SCAMMER WHO LEAVES IN VEGAS FROM OTHER COUNTRY Las Vegas Nevada

*Consumer Comment: Jean Marc El Jwaidi and compassion for the Las Vegas business owners

*UPDATE EX-employee responds: Jean Marc El Jwaidi is a respectable, hard working businessman

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Jean Marc EL Jwaidi is the owner of JKG Development LLC, Babuski LLC with his wife Kamila. Using his piece of land at the NE Corner of Russell Road and the 215 beltway in the southwest of Las Vegas to reel the people in.
He has been saying that he is going to build this project namely PG PLAZA for the last 2 years but only using it as a big front and facade to get peoples money. He is a smooth, sweet talker and soft spoken person when he needs something and borrowing money from you.

He will gives you a secured promissory note with a big amount of interest which hooks you up like a fish. But no intentions of paying you back as promises in the month or two.

But once he had your money, you will see the real kind of person he is...he is a dam liar, he is great at promising to do things and say that he is a man of his word.... But NO he is a CON man.

And everytime you call him to find out when he is going to pay you back, he gets his assistant to say that he is in Europe and bringing back some money to pay you, but in actual fact he is hiding in his office.

He has his brother Billy and a great stuff who is also a downright liars.

I hope you people won't be one of the victims like me.
He drives Rolls Royce,Bentley to impressed the people to get money.

He owes me a lot of money and I will be around to see him in jail.

This is a 2nd. version of Maddoff...... please be aware from this kind of people.

The Scammer who leaves in Vegas from other country
Las Vegas, Nevada

SCAMMER WHO LEAVES IN VEGAS FROM OTHER COUNTRY
LAS VEGAS, Nevada
U.S.A.

This report was posted on Ripoff Report on 06/12/2009 03:15 PM and is a permanent record located here: http://www.ripoffreport.com/r/JKG-Development-Babuski-Jean-Marc-EL-Jwaidi-Jamal-EL-Jwaidi/Las-Vegas-Nevada-89148/JKG-Development-Babuski-Jean-Marc-EL-Jwaidi-Jamal-EL-Jwaidi-SCAMMER-WHO-LEAVES-IN-VE-461193. 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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Updates & Rebuttals

#1 Consumer Comment

Jean Marc El Jwaidi and compassion for the Las Vegas business owners

AUTHOR: JulieS - (United States of America)

I have known Jean Marc El Jwaidi for over 10 years. As a small business's owner in the Las Vegas Valley, I have had the pleasure of doing business with Jean Marc on many occasions. I Have always been grateful for his honesty, hard work, and business integrity. I know many small business owners, who Jean Marc helped make it through the tough economical times.

I have also had the pleasure of knowing Jean Marc and his wonderful family.

He is a man of honor and has gone above and beyond for the people of Las Vegas and the business persons he works with!

Reading this article gives no justice to Jean Marc and to the community of Las Vegas to which he has put all his effort and pride to make it a great place to live and he has given MANY among MANY people countless opportunities to pursue there dreams of owning a business and succeeding.

To read this report gives no justice to Jean Marc and to the community of Las Vegas and is without merit.

Thank you Jean Marc for all you have done for Las Vegas!



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#2 UPDATE EX-employee responds

Jean Marc El Jwaidi is a respectable, hard working businessman

AUTHOR: Frank Sweeney - (United States of America)

Contrary to what is stated in the original report, Jean Marc El Jwaidi is a respectable, hard working businessman.  He, like many other large companies, fell victim to the recession but is still intending to make good on his promises.  The fact that he intends to make good is better than a lot of larger companies, including those on the strip.  People and companies who invested in many strip projects lost everything in the last few years.  Jean Marc's company spent over 15 million dollars developing the land which is PG Plaza.  People may not see structures, but the 15 million dollars was spent on infrastructure and servicing the underlying mortgage holder on the property.  Those payments to the mortgagor were $200,000.00 per month.  At one point in time, the property, with the infrastructure, was appraised at 28 million dollars.  Jean Marc El Jwaidi had a loan in place for 30 million dollars from a lender in Connecticut.  All of the papers were signed and Mr. El Jwaidi paid a $150,000.00 loan fee.  After many months, it turned out that the lender was a fraud and the lender is currently serving a sentence in a Connecticut penitentiary.  

Once the loan fell through, Jean Marc El Jwaidi found it necessary to approach friends and family for funds to help keep the project going.  Since these difficult times, Jean Marc has remained in Las Vegas attempting to work things out.  The fact that he has stayed and plans on paying everyone back says a lot for this hardworking gentleman.  

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