It has been over a year that we have been told by Dr. lawrence Smith and his associates that we would receive our initial investment ($250,000) plus earnings and profits. It took less than 24 hours for the funds to disappear once they were placed in escrow with attorney Sheri Fleming in Atlanta who claims she has been duped as well. We placed the funds in escrow based on information provided by Terry Hester of Louisiana. SInce then Terry has attempted to get us to move another $1M to his control. We did not.
On several occasions over the past year Smith has said the funds had been transferred to our account. The funds have never arrived. On several occasions he called from the bank with "cash" in hand to wire but was unable to figure out how to send a wire.
We are suing the attorney for releasing the funds. Over the year Smith has taken additional funds into escrow for loans he has promised. The funds have disappeared. I broker commercial loans and have run into a church in Virginia that claims they gave Dr. Smith $25,000 (into escrow). Their funds are gone and Dr. Smith does not return their calls. Sheri Fleming the attorney also claims Dr. Smith has disappeared.
Every week he still emails me the same email. "The funds will be available next week."
Mark Lezell an attorney out of Washington D.C. has vouched for Smith as have Darryl Gray of Smartek / SMART Tdechnology (Virginia) and Graystone Holdings and Franklin Barnette of Atlanta, together with Terry Hester we were supposed to profit by providing POF for bank fees for an oil transaction. We were to share in the profits and our funds were to remain in escrow. Lezell is under investigation and has lost his ability to practice law.
We would love nothing better than to see our money returned and the profits paid with interest. However we expect that the coming year will be the same as last year. "The funds will be wired early next week."
In addition to taking money in for POF for bank fees Smith also deals in financial instruments, SBLC's, POF, BG's and commercial loans. To my knowledge he has never performed.
Anyone wishing to discuss Dr Smith is free to call me at (((redacted))) or email me at (((redacted))). My guess is we are not the only ones to be delayed week after week.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.