• Report: #1028323

Complaint Review: Mustang Asset Management (SEA) Pte. Ltd James Chihambakwe

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  • Submitted: Wed, March 13, 2013
  • Updated: Wed, March 13, 2013

  • Reported By: Justice for 419 Victims — Nevada United States of America
Mustang Asset Management (SEA) Pte. Ltd James Chihambakwe
1 Fullerton Road #02-01 Internet United States of America

Mustang Asset Management ,SEA, Pte. Ltd James Chihambakwe James Chihambakwe 419 Scam Scammer Fraud Ripoff fake investor go4funding complaint problems conartist criminal One Fullerton, Internet

*Consumer Comment: James is a fraudster, he needs to stop posting on here, he isn't helping himself.

*REBUTTAL Owner of company: Cyber Terrorists

*Consumer Comment: James tried to rip me off too! Beware of his 419 scam

*REBUTTAL Owner of company: Waiting

*Consumer Comment: Mustang Asset Management is a Scam! James continues to lie through his teeth...He is really doing the 419

*REBUTTAL Owner of company: Dear Girlfriend of Mr. Smith

*Consumer Comment: James is not upfront, very dishonest, my girlfriend ran into him for her business, James lied to her too, tried to rip her off

*REBUTTAL Owner of company: G'day

*Consumer Comment: JAMES CHIHAMHAKWE IS A FRAUDSTER, DONT SEND HIM ANY MONEY, REPORT HIM TO THE POLICE!

*Consumer Comment: James Chihambakwe is a liar and scam artist

*REBUTTAL Owner of company: Defamatory publication

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James Chihambakwe is an internet scammer working the 419, posing as an investment broker/consultant.  Often works entrepreneur funding sites where people are seeking to raise funds for their business ventures.  None of his credentials line up, his references are fake, and he is doing an advanced fee fraud scam, operating out of Singapore.  There is no money there, he will try to take you for your money in hopes of getting business capital.  Dont fall for it, run, run fast away from him and anyone trying to charge you advanced fees.  If they are a serious investor, and they do have fees, a legit one can deduct it from your funding.   If you have a viable business plan, check out various crowd funding sites on the web.  There you can have control of your own campaign, raise your own funds.  Its legal and you are not violating any securities laws.  You are seeking pledges.  Be creative people, but dont be fooled by any conartist working  the websites.  You will probably see fake posts show up
 after this report is filed of people claiming to have had good experiences or got funding.  Its all gonna be cow poo!!!  Its just James or whatever his real name is doing damage control.   




This report was posted on Ripoff Report on 03/13/2013 05:30 PM and is a permanent record located here: http://www.ripoffreport.com/r/Mustang-Asset-Management-SEA-Pte-Ltd-James-Chihambakwe/internet/Mustang-Asset-Management-SEA-Pte-Ltd-James-Chihambakwe-James-Chihambakwe-419-Scam-Scamm-1028323. 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.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

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REBUTTALS & REPLIES:
0Author 6Consumer 5Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

James is a fraudster, he needs to stop posting on here, he isn't helping himself.

AUTHOR: Fraud Watch - ()

 James can post on here all he wants, but he nothing more than a 419 Nigerian Scammer.  Do not send him any money.  He is a liar, and will rip you off!!!  Don't listen to any of his stories that he can fund you. 

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#2 REBUTTAL Owner of company

Cyber Terrorists

AUTHOR: Mustang Asset Management (SEA) Pte. - ()

Hi First & Second Ghost

So let me get this; you guys have actually not engaged our the services, so you do not know whether your project would be funded or not.

You are a CYBER TERRORIST trying to get me to pay thousands of dollars to Riff-Off to clear our name. "We do not negotiate with terrorists". So you know where you can stick your "project", yes right up where the sun don't shine. (As you mum for directions)

Actually we are glad we don't have clients like you that can only afford the shirt on their back. If you want free service apply to your government. Also send the word to you mother and wife/girlfriend/boyfriend.

We are leaders in our our field you will NEVER! NEVER! NEVER! bring our company down. You know the good this about this prospect are actually calling us to ask about your blogs, and its given us a great opportunity to promote our firm. We have had 100% client take up rate from your blogs, from fee paying clients not broke-asses that are looking for a soup kitchen.

Thank you very much for your marketing services, priceless! You twits can even put your real names up on the this board....I don't bite sweetie. And you don't have to create new characters as everyone who knows us,  refers to you actually this you are a pathetic coward.

I seriously hope you get "funding" I wish no man any ill and God bless your ass!

J.C. The King!!
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#3 Consumer Comment

James tried to rip me off too! Beware of his 419 scam

AUTHOR: Apple Blossom - ()

I ran into James online and he lied to me and tried to rip me off as well.  He told me that my business idea was great, had nothing but good things to say, he got me feeling like he could really help me out with funding I needed.  I asked him up front is there any fee for his services before he gets me the money.  He was dishonest and said no, but when he said it was time to get my funding he demanded $15,000 from me.  He said even though the funds are in place now to fund me, I still have to pay him his fee.  I asked him to provide me the funds and I can pay his fee, and he said that won't work, he has to have the 15K upfront.  My gut told me this guy is a scammer and liar.  I told him to go to hell with his fees and that he is a liar.  James called me all kinds of names, told me I was wasting his time.  The only one wasting peoples time was James.  I am not sending some stranger in Nigeria fifteen grand.  It all seemed to good to be true.  James also gave me a list of people he claimed he funded, none of it panned out, it was all made up by James.   James is a 419 scammer, I would not send him any money or have anything to do with him. 

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#4 REBUTTAL Owner of company

Waiting

AUTHOR: Mustang Asset Management (SEA) Pte. - ()

I'm bored waiting for the FBI, I posted a lovely response the other day but I guess ripoff did not feel its appropriate to publish as it would expose the catch to hire them for reputational repair services. So tick tock or do you want me to give you FBI hotline?

Try this link For Singapore police hotline: http://www.spf.gov.sg/contactus/contactus_index.htm.

I'll be in the USA next month for a week I usually stay at the Marriott hotel near the former world trade centre site, so please come with your mut, I make sure the is a bowl of water for it.

Next week is Easter by the way, so lets have cease fire on Friday out of respect, I am catholic. But knives out again Saturday, Sunday cease fire after that open season. Gentleman's agreement?

Good night pat the mut for me.
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#5 Consumer Comment

Mustang Asset Management is a Scam! James continues to lie through his teeth...He is really doing the 419

AUTHOR: Tom Smith - ()

James I really don't care what you have to say, I am just glad my girlfriend didn't send you any money.  The law school is the one you posted with your online profile.  It's ok James I have screen shots of all the lies you have posted about yourself online.  You never attended the school, I contacted them.  None of your other information checks out.  You are simply running a scam and you are leaving out that you lied to my girlfriend.  You led her to beleive that there were no upfront fees, and there was.  You misrepresented the services that you offer.  You then attempt to defraud people through these fees you charge.    While making them believe that you have large amounts of funding waiting for them.  You are a con artist and a lar. 



Anyone reading this post checking up on James, do not hire him, do not believe any lies he spews out of his mouth, he is a 419 Nigerian Scammer.  The only reason he is on here now is his identity he created "James with Mustang Asset Management" has been exposed. 



I will be happy James when you are in a Ghana prison being raped but other inmates.  You deserve no less for all the trouble and problems you have caused for people with your scams. 



I am going to the FBI office today and dropping off all information we have on James and his operation called Mustang Asset Management.  I encourage others to do the same.  Report these fraudsters.



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#6 REBUTTAL Owner of company

Dear Girlfriend of Mr. Smith

AUTHOR: Mustang Asset Management (SEA) Pte. - ()

Mr. Smith (Smithie) and His Girlfriend

Thank you for your post, it gives some entertainment at the end of my day. You have really shown your ignorance of the finance world which explains why you and your girl/boyfriend are still looking for funding.

I would like to explain this to you in the most simple way. We are corporate finance engineers, we structure deals for the most desperate of cases. Using our financial and legal know how, oh btw to educate you a bit its called Roman-Dutch law.

We have companies that directly approach us or come through our business development team looking funding. And for those clients that can afford actually visit our office in Singapore, we won't hold our breathe for you.

People that are confident in their project, will invest in the costs of due diligence and feasibility studies for their project.

Yes we only look at projects USD $10m and above but if there is a file that we think is onto a good thing, we can break the rules, after all its our company. Mr. Smith if you've had opportunity to fly on a plane, you will note the rule that you can't take more than 20 Kgs of luggage, ask how many people have been allowed to go over.

The truth of the matter is when we see projects posted online, its sign of desperation. For the following reason:
1. You don't have any money.
2. Obviously your bank won't lend you.
3. Your Friend/Boyfriend/Family can't back your project.
4. You now just hang it in the tree for any Tom, Dick and Harry to chance by. (But in all that pile crap there are some rough diamonds).

We need to do a thorough due diligence, as you are in our eyes the highest level of risk. If you believe otherwise then you should cover the cost of the due diligence as you say put your money where your mouth is, no free lunch for your girlfriend Smithie!

Since you seem to know where to look for funding, did your "brain" ever think about advising your boy/girlfriend in the first place. Any one in the street can tell you the reason why you didn't.

You waste your time "checking people out" and posting lies. Question: BTW which law school did I attend? You should make a complaint for misrepresentation regarding my qualifications in order to make economic gains.

Did I also mention to you besides the being a qualified lawyer, I have a Masters in Applied Finance from University of Newcastle Australia (2000-2001).

All of goons & clowns just come to Singapore when you have a project that is real and feasible and we will sign contracts in my office.

I need to dash off to the gym, so have a great day cheers! I wish they had a webcam application so we can make mean faces at each other Mr. Smithie!

James Chihambakwe :)
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#7 Consumer Comment

James is not upfront, very dishonest, my girlfriend ran into him for her business, James lied to her too, tried to rip her off

AUTHOR: Tom Smith - ()

We had a run in with James too.  Stay away from James he is a crook.  My girlfriend ran into him on the internet.  He had her real worked up and excited that he had all this money to fund her with for her business idea.  James kept this con going for a few weeks with her, kept talking about all this money and international investors he has access too.  She asked James if there were any fees upfront?  James told her there was a 5% fee if she got funded and he would deduct it from the funding, after she got funded, deduct it from the total amount.  After several weeks of communicating back and forth, James then told her he has investors interested and he needs money up front, he demanded 10 thousand dollars US funds, and money to travel with, and told her nothing will happen now with her money that has been secured, unless she paid the fees. 

My girlfriend was about to pay the fees still wanting this funding James claimed he had.  I told her not too, told her to get legal advise.  Told her to talk to the BBB, and a few sources.

We looked into James and it's true that none of his storey adds up, he never went to law school to studied Dutch Law, the University does not have him on file attending.  It's all made up people!!  James can go on-and-on, but we are sure glad we never sent him any money. 

I personally think James is a scum bag, I am so glad she never sent you any money.  You are pathetic filth that preys on people, get their hopes up with lies and then try to cash in on them.

James is lying too that he only looks at project for over 10 million dollars, my gfriend was looking for less than that, made it clear she was not interested in upfront fee's.  James lied to her.  Don't trust James.  Do business with reputable people near by, within your state or area, get an attorney to review any contracts people want you to sign.  Look into people, don't just take their word, or web sites they post on the internet as gospel.   

Do not believe anything James says or story he comes up with, it is all just a big lie and scam!
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#8 REBUTTAL Owner of company

G'day

AUTHOR: Mustang Asset Management (SEA) Pte. - ()

My Name is James Chihambakwe of Mustang Asset Management. I am responding to these anonymous postings for several reasons.

First, I cannot defend a claim from an anonymous person.

Secondly, there is no actual real claim other than an anonymous person claiming we are a scam.

Third, my offices are in Singapore, a highly regulated country outside of the US not some third world country.

Fourth, we are licensed in all our business transactions in Singapore and have been so for many years.

Fifth, if you need our help why do you expect it for free, when people need to work on your file. Lawyers ask for retainers before they take on a case (win or lose) so why can't we charge for our services.

Sixth, Rip Off Report initially charges over $2,000.00 in costs (as we have discovered) to arbitrate this defamatiouse claim against an anonymous person!

Seventh, if we are such a scam why are we still licensed and the Government of Singapore has not put a stop to this? Why am I still able to operate? Why is the person making this claim not telling anyone their true name and email address to verify this is all real?

The facts are that we are a real company, licensed and regulated with operations in Singapore.

We cannot defend against lies and nameless, faceless individuals who post anonymously with false and untrue claims.

If anyone has a claim they can get council and bring charges as the courts are open in Singapore.  You will find me in our office every day. Please enjoy your anonymous fun when you ready to stick your head out of the sand, call me. It has been entertaining getting these emails and hope to meet you soon.

Oh now I'm Nigerian better update my travel documents, wish you all well an successful 2013.

James Chihambakwe Mustang Asset Management +65 8105 0229
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#9 Consumer Comment

JAMES CHIHAMHAKWE IS A FRAUDSTER, DONT SEND HIM ANY MONEY, REPORT HIM TO THE POLICE!

AUTHOR: East Coast Entrepreneur - ()

YA ONE OF MY CORPORATE OFFICERS MET HIM ONLINE THROUGH A FUNDING SITE.  WE WERE TRYING TO RAISE MONEY TO EXPAND OUR COMPANY.  WHAT I FOUND ODD WAS HE DIDN'T QUESTION THE OPERATION MUCH OR GO OVER MANY NUMBERS, HE JUST KEPT SAYING WE HAD A GOOD IDEA BUT WANTED US TO SEND HIM MONEY, PAY FEES, AND THEN PAY FOR HIM OR ONE OF HIS ASSOCIATES TO VISIT US.  HE SAID HE HAD ACCESS TO ALL THIS MONEY FROM VARIOUS FOREIGN INVESTORS.  I LOOKED INTO JAMES AND LIKE THE OTHER POSTER MENTIONED NOTHING CHECKED OUT.  MOST OF THE INFO ONLINE ABOUT HIM IS SELF PUBLISHED ON SITES LIKE FACEBOOK, LINKEDIN, FORUMS.  WHO HE REALLY IS, NO ONE KNOWS FOR SURE.  HIS OFFICE APPEARS TO BE A VIRTUAL OFFICE, WHERE HE IS ACTUALLY OPERATION OUT OF IS STILL NOT KNOWN.  NEEDLESS TO SAY, WE DIDN'T SEND JAMES ANY MONEY, IT ALL SEEMED TOO FISHY.  JAMES KEPT GOING ON AND ON HOW HE HAS ALL THIS MONEY TO HELP US WITH.  NONE OF IT WAS TRUE.  I AGREE WITH THE PERSON WHO SUBMITTED THIS POST, DON'T SEND JAMES ANY MONEY OR BELIEVE ANY OF HIS STORIES.  I WILL BE CONTACTING MY LOCAL FBI OFFICE WITH THE INFORMATION I HAVE ON HIM.  THANKS FOR POSTING ABOUT MUSTANG ASSET MANAGEMENT.  I HOPE SOMEONE LOCKS HIM UP AND THROWS AWAY THE KEY.  WE FOUND A LEGIT VENTURE CAPITAL COMPANY IN NJ WHO IS GOING TO HELP US RAISE THE FUNDS WE NEEDED.  PEOPLE DO YOUR RESEARCH, DON'T BELIEVE ANYTHING SOME NIGERIAN TELLS YOU ONLINE.  
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#10 Consumer Comment

James Chihambakwe is a liar and scam artist

AUTHOR: International Fraud Watch - ()

James Chihambakwe is a scam artist and liar.  None of his information checks out.  He is not a venture capitalist or investor.  He is running an advance fee fraud scam.  All he will do is waste your time, scam you out of your money and never deliver on any funding. 

If you have sent James money or a victim of his fraud, please take all your evidence to your local FBI office and let them know this has to do with a 419 scammer operating out of Signapore.  If you are outside the USA please have your local law enforcement forward the information you have on James to Interpol International Fraud Investigations Unit.

Together we can see James locked up and put behind bars. 

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#11 REBUTTAL Owner of company

Defamatory publication

AUTHOR: Mustang Asset Management (SEA) Pte. - ()

Please take not Mustang Asset Management (SEA) Pte Ltd was only incorporated on 6th March 2013 it has never conducted any business and has no client. You can find all the the incorporation detail on the Singapore government website: http://www.acra.gov.sg/

The website you have published is for Mustang Asset Management Inc. (Panama), one of our companies which has its own directors and a separate operation fully license financial services firm. Your published information is incorrect and very defamatory referring to 2 totally independent entities.

From the incorporation of Mustang Asset Management(SEA), we have decide that clients pay for our services, that is not illegal. If they want access to our network of investors, we first do a thorough due diligence on the case and the client pays for the consultants work and that's our choice how we market our services.

The problem is people should realize that no one is sitting of a bucket of money waiting for their project. Their project needs to go through the proper due diligence and be promoted and that requires work and work costs money. Our contract are offer right at the beginning and we do not force any body do come on body, they either accept or move on.

We do not compete on the crowd financing platforms that for small capital requirements, our minimum size project size is USD 10m. We actually turn down small cases, you should acknowledge the fact that most investment bank accept a fraction of the 1000s of proposal they see every year, the rest are rejected.

So when we set up our company with certain operational procedures it's our choice, it's not the tail that wages the dog. We have never guaranteed any firm funding and that is clear in our contracts and email disclaimers, we are facilitators. I find it highly discriminatory for you to make such difamatory staments on you sight.
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