• Report: #321422
Complaint Review:

Peachtree Financial Partners Inc

  • Submitted: Wed, March 26, 2008
  • Updated: Wed, March 26, 2008

  • Reported By:Atlanta Georgia
Peachtree Financial Partners Inc
235 Peachtree Street NE, Suite 400 Atlanta, Georgia U.S.A.

Peachtree Financial Partners Inc, Barry Wallis Peachtree Financial Partners are CROOKS! Atlanta Georgia

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Peachtree financial is a scam. I lost $5k with them a little over a year ago and tried everything I could to get it back. There is only one guy...Barry Wallace (i think this is the right name, but Im not positive without being at the office to see the file.)... His office is one of those executive suite situations... you know, rent an office by the week and share a secretary with 100 other offices just like yours. The secretary there has stated that she has hardly ever sees Mr. Wallace.

In the end I realized that the only thing I can do is to make posts online in the hopes that people will find them BEFORE they send any money to Peachtree Financial Partners and Mr. Barry Wallace. My police report has gone noplace and there is no point in litigating over $5k.

Since the problems with the real estate and lending industries worsened in 2008 many people have been going to Peach Tree Financial Partners and Mr. Barry Wallace for funding because of the difficulty of obtaining funding from conventional lenders. These people, like our friend here who just lost his clients $550k, are finding my posts only after they research further which is always done AFTER they send the money and realize something isnt right.

SO here is the scam. After Mr. Wallace gets your money, be it a good faith deposit, your escrow deposit, or your down payment, Mr. Wallace will become difficult to get in touch with. He will tell you that he did not receive a document or three until the deadline in his contract with you has passed. Then he cuts all contact off with you completely. He will refuse to give you his attorney information.

You see, he is setting things up to where technically, on paper, he is in the right. This means that any detective investigating will not push it any further than him showing that WE breached the contract. This means that it is on us to take him to court and prove that we were not at fault. For most of us the cost of court will be more than what Mr. Wallace has stole from us. Not to mention Mr. Wallace will not make it easy for us to get him in court to begin with.

So here is where we are. What I have explained thus far is a brief overview of the situation and the SCAM that PEACHTREE FINANCIAL PARTNERS and BARRY WALLACE is running. I have people contacting me weekly because they have lost money to this scam. Individually it is hard, even impossible, for any of us to get the amount of attention needed to this crime. But together the feds will be more willing to investigate. This is what I was told by the FBI. So, if you have lost money to this please email me with your contact info and a summary explaining the situation and details surrounding your deal with Peachtree Financial Partners and Barry Wallace. Be as detailed as possible to include dates, times, and documents involved. PDF is the best format for me to save in, but word docs will work also. Please DO NOT send me any loan docs, save those for the FBI when the time comes. I have been collecting this information per the instructions of the FBI so we can try to stop the Peachtree Financial SCAM! When we have enough people, or when the total amount stolen reaches a certain point to interest the FBI and other law enforcement agencies everyone who has contacted me will be notified.

FBI tips web page. (https://tips.fbi.gov/)


Atlanta, Georgia

This report was posted on Ripoff Report on 03/26/2008 04:03 PM and is a permanent record located here: http://www.ripoffreport.com/reports/peachtree-financial-partners-inc/atlanta-georgia-30303/peachtree-financial-partners-inc-barry-wallis-peachtree-financial-partners-are-crooks-at-321422. 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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