• Report: #541803
Complaint Review:

Fred Campbell - USAsset Corporation

  • Submitted: Fri, December 18, 2009
  • Updated: Fri, December 18, 2009

  • Reported By: Matt — Florida United States of America
Fred Campbell - USAsset Corporation
6130 Elton Ave las vegas, Nevada United States of America

Fred Campbell - USAsset Corporation - Allied Realty Capital Scammed our client of $60,000 las vegas, Nevada

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Chris Skinner and Mike Powell of Allied Realty capital were looking to fund with us several large real estate projects that we have been in talks with for months. Their company was going to use Life Settlements backed by a now known fake insurance company to create the funding for the projects. The transaction was suppose to go as follows. We wire $60,000 to Allied Realty Capital to hold in escrow to be used to fund the finance closing on the projects when all the pieces were in place. Instead the money was sent directly to Fred Campbell who did nothing for the money. The Projects never got funded and they are all in violation of contract and are now commencing fraud.
All parties have practically vanished now that they know that we know they had no intention of delivering on their promises. We are going to be reporting these individuals to the State Attorney office on Monday. We are looking to charge these individuals for outright fraud, theft, and violation of securities laws. And hope to recoup our losses. . [continued below]....

Update: Mike Powell has now started a new company doing the same thing called LifeCap.

Attached is a photo of mike powell I can not find photos of the other parties.

This report was posted on Ripoff Report on 12/18/2009 12:29 PM and is a permanent record located here: http://www.ripoffreport.com/reports/fred-campbell-usasset-corporation/las-vegas-nevada-/fred-campbell-usasset-corporation-allied-realty-capital-scammed-our-client-of-6000-541803. 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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