• Report: #1145924

Complaint Review: James B Wolfe

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  • Submitted: Mon, May 12, 2014
  • Updated: Mon, May 12, 2014

  • Reported By: Jason — Oakland California
James B Wolfe
Internet USA

James B Wolfe James Wolfe, James B Wolfe, James B Wolfe Jr. James Wolfe, Fraud and Thief, Ran Revenue Generation Technologies LLC, took the money and closed business El Dorado Hills, CA and Los Vegas, NV Internet

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I gave over $100,000 to a realtor, whom I thought I could trust. I signed promissory notes with this realtor, who apparently transferred the money to James B Wolfe, who was running a company called Revenue Generation Technologies (RGT) in El Dorado Hills, CA. Wolfe also had ties to businesses and companies in and around Las Vegas, NV, as well as RGT.

Wolfe delayed in making good on the promissory notes when they were due. Actually, he boasted an unusually high rate of return, from 20% to 50%. It appears it was a Ponzi scheme from the start. Eventually, after stalling and not paying for three months, Wolfe closed his company and is not to be contacted. The realtor claims he cannot pay the loan to him, so I'm out $100,000.

The corporations were LLCs based in Nevada under a "corporate management" scheme. As such, it's not possible to identify the members or how the assets were distributed.

Wolfe apparently has a long history of defrauding people. I never met him directly, but it appears that I was led into this scheme via the realtor, and appear to have been robbed of my money.

 

This report was posted on Ripoff Report on 05/12/2014 11:41 AM and is a permanent record located here: http://www.ripoffreport.com/r/James-B-Wolfe/internet/James-B-Wolfe-James-Wolfe-James-B-Wolfe-James-B-Wolfe-Jr-James-Wolfe-Fraud-and-Thief-1145924. 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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