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Report: #845544

Complaint Review: Ray Brown & Associates - Phoenix Arizona

  • Submitted:
  • Updated:
  • Reported By: Dwight — Snellville Georgia United States of America
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  • Ray Brown & Associates 26811 N. 21st St. Phoenix, Arizona United States of America

Ray Brown & Associates R.B.Associates, (RBA) Fraud, Breach of Contractual Financial Agreement, PONZI scheme Phoenix, Arizona

*Consumer Comment: Scammed By Ray Brown--Please contact me at scammedbyraybrown@gmail.com

*General Comment: also a victim

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In June 2011, I was introduced to Ray Brown and entered into a commodity investment group agreement. The terms of this agreement was for 100% return on any investment. The agreement consisted of 20 trading days (1 cycle) with investment interest withdrawls permitted at the end of each cycle. Statements were delivered weekly via email by Ray Brown.

Things went well initially. My beginning investment amount was $7,500.  At the end of the first cycle my investment grew to $15,000. I elected to withdraw $7,500. and continue. My balance grew at the expected growth rate of 100%. I continued to let the money grow for the next two cycles. The balance grew to $30,000.  I then elected to withdraw $10,000. I had no problem doing such.

That withdrawl was my last withdrawl.  My balance began to grow and accumulate. In Oct. 2011, my balance grew to $150,000. I then requested a $50,000. withdrawl.  I continued to receive weekly statements however,  reflecting a pending $50,000. withdrawl.  This is when communication started to become estranged and the lies and deceitfulness started. 

Ray Brown started giving me excuses upon excuses as to when and why I was not able to receive my pending interest withdrawl. Always promising me tomorrow, next week, on and on........... I remained patient and did not doubt or pressure Ray Brown.  Well, the lies continued the weekly statements stopped and NO MONEY was ever dispersed from my account! 

The last statement I received was Jan.12, 2012. The statement balance was $202,500. Ray Brown has STOPPED answering my phone calls and communication in any form has ceased. This truly is a COWARDS way out! What happened? What is going on? Where is the money? I have NO ANSWERS. I ALERT anyone and everyone to STAY clear of Ray Brown!!! Something went wrong somewhere. Don't know if it is GREED or a good idea gone bad. What I do know is I have NO MONEY. 

I am in contact with the SEC and the Attorney's Generals office. I am also pursuing civil/criminal charges at this point to try to collect monies owed and to STOP this character from duping others as he has done myself!!!!!!! Please feel free to contact me if you too have had a negative experience with this man so we can join together to STOP him and put him where he belongs!!! 

This report was posted on Ripoff Report on 02/27/2012 04:43 PM and is a permanent record located here: https://www.ripoffreport.com/reports/ray-brown-associates/phoenix-arizona-85085/ray-brown-associates-rbassociates-rba-fraud-breach-of-contractual-financial-agreem-845544. 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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#2 Consumer Comment

Scammed By Ray Brown--Please contact me at scammedbyraybrown@gmail.com

AUTHOR: Scammed By Ray Brown of AZ - (United States of America)

POSTED: Thursday, May 17, 2012

 Scammed By Ray Brown & Associates--Please contact me at scammedbyraybrown@gmail.com

We are a group of people who have joined his program(s) over a period of time and are grouping together to determine what he did with our money.   Are you one of the people that are still waiting to be paid who joined through many of the "brokers"?  Has he stopped communicating with you all together?  Is he hiding from you?  

Please contact our group to join us in getting our funds.  We are all going to file together to audit Ray Brown and bring him to justice!  



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#1 General Comment

also a victim

AUTHOR: essence - (United States of America)

POSTED: Monday, May 14, 2012

hi

i am also a victim how can i get in contact with you so we can join forces he has done the same to me and my friends as well you can email me at jwhetaxassociatesinc@gmail.com im willing to help you out so we can all work together to get our money back this is a crime and sad he is allowed to do this to people.

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