Report: #1002656

Complaint Review: Hasaan R. Steel

  • Submitted: Thu, January 24, 2013
  • Updated: Thu, January 24, 2013
  • Reported By: Wil — Cleveland Ohio United States of America
  • Hasaan R. Steel
    1375 Ocean Ave #1J, Brooklyn, NY 11230
    Brooklyn, New York
    United States of America

Hasaan R. Steel Ponzi Scheme operator, gambler, cocaine addict, habitual compulsive liar, psychopath Brooklyn, New York


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Hasaan Steel is an expert at Theft by Deception. His psychopath personality enables him to seem sincere, charming, convincing while he is gaining your confidence for the sole purpose of extracting as much money or useful information from you as possible.
I am the ONLY individual with whom Hasaan Steel has made any money whatsoever when I made him over $100,000 profit in a 10 day period back in 2009 when I executed trades in a gold options account, the initial funds for which he procured through some unidentified third party (probably a NY drug dealer). Because of his cocaine addiction, he panicked and sold out all my positions. The next day (11th day) the account would have increased still further, to another $60,000, thus he cheated me out of my agreed commission of 50% of profits which should have been $80,000.

He would later use screen shots of my brokerage trade record to show to future victims (2-3 years later) who invested in his "commodity pool," using it as a false record of their profits and in order to convince them their investment was "safe" and "profitable." In truth, he abscounded with between $400,000 to over $1,000,000 (see below court record links), using only a portion of it to invest in commodities and stocks (about 13%), and the rest for his own personal use, including gambling, cocaine, living expenses, hotels, etc.

Just recently, he futher conned me out of my last dollar when pleading with me to send him a total of $1500. Like all scammers, he always insisted money be sent by Western Union, and always to a name other than his own. He stole this money from me, having previously impoverished me, and realizing that I am now homeless and have been living in my van for over the last 13 months, and now with only $100 to my name, and no source of income or prospect for income. He did this with full knowledge that I was poor, and while telling me he needed it to show an investor false profits, and who would fund $15,000 the next day once they saw "the profit." He repeatedly promised to return my money within 24 hours if the deal didn't work out. The "deal" didn't work out, because there WAS no deal. He never returned any of my money.

He lies about everything. So, here I sit, living in a freezing cold van in the dead of winter (it's been 20 degrees below zero for the last week), and he disconnected his phone. All previous attempts to contact him have met with a crazed cocaine-brain reply. This guy should not only be in prison, but in a psych ward.
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This report was posted on Ripoff Report on 01/24/2013 12:59 PM and is a permanent record located here: 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. READ: Foreign websites steal our content

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Updates & Rebuttals


#1 REBUTTAL Owner of company


AUTHOR: Setting the Record Straight - (USA)

Some time ago I filed a report with this platform. I was angry because I though Hasaan Steel had done me a disservice. However, after futher consideration, I retract any statements that I made, for they were not well founded. I wish to express my sincere apology to Hasaan Steel for not understanding the full parameters of the experiences I had with him. It was unfair of me to make clams that were exaggerated and that were more indicative of my state of mind than they were of any fault on the part of Mr. Steel. I'm sure that I would have done the same as Hasaan Steel were the situation reversed. He was an excellent business partner, and I would do business with him again.

May his name be cleared of any negativity or false charges.

What I stated in the original post was unfair and self-serving. I errored.


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