F. Joseph Rogers / JRI Group Sonia Arcangeli Private Placement Funding BIG SCAM, Internet

My team and I attempted to work with Joe Rogers / The JRI Group / Sonia Arcangeli during the time period of 2005 / 2006.  Joe put a great game face on initially and marketed himself as a Private Placement expert (someone who can raise substantial sums through private placement).

We received a contract from Joe which outlined clear terms and his obligation to raise certain funds for our business venture.  For his service we paid $50K up front.  Just immediately after paying the fees, Joe Rogers seemed to be more out of contact with our team.  He didn't return calls and conversations / discussions were at best limited and brief.

As our venture involved the potential acquisition of real estate, my team had brought in certain experts in the field in our target markets.  These individuals had worked with our team on previous ventures and were trusted and competent experts.  From the outset they questioned the involvement and legitimacy with Joe Rogers.  In most discussions, Joe consistently stated his connections with the "Saudi Royal Family", the "Royal Family of Malaysia" and others including Hollywood actor Denzel Washington.  During other conversations, Joe would segway to his Christian beliefs and his Harvard degree, Wall Street experience, etc,...

We became suspicious of Joe during a period when we were looking at specific real estate purchases.  Joe had provided the assurance that he had located a source for funding and was 'minutes' from receiving a check.  In all instances no funding had ever taken place and Joe's ability to raise even $1 was circumspect.  In all cases, we had expended considerable time and effort searching properties and all efforts resulted in no funding taking place.  Joe became more an more out of contact at this point.

One of our trusted associates, an attorney had suspected Joe of fraudulent intent and had performed a brief background check into Joe's business interests.  As it turned out, Joe was in fact no private placement expert and in fact worked at a local Santa Monica branch of US Bank as a customer service rep.  Additional investigation revealed that Sonia Arcangeli, President of The JRI Group was in fact Mrs. Joe Rogers, a fact which Joe had never previously disclosed.  Further research revealed that there was no tangible information on the JRI website including addresses, phone numbers, etc,....  This appeared to be only a temporary shroud at best as any credible business and business person would disclose all contact information.

As a result of Joe's omissions and what we believed was his intent to swindle / defraud us, we pursued a clause in our contract to return all monies.  We pursued legal action in Los Angeles County and were awarded damages.  To this date however we have been unable to collect on this judgment.  Our pursuits will continue.  We are aware that Joe Rogers was dismissed from US Bank for "conflicting interests".

Additionally, a Google search for F. Joseph Rogers will show that on June 9, 2011 "F. Joseph Rogers" or "Frederick Joseph Rogers", was arrested at his home in the 13100 block of Pacific Promanade, Playa Vista, CA.  It appears that he was suspected of following a female in El Segundo and masterbating next to her from his blue Lexus SUV.  The article from "Dailybreeze.com" further describes Joe as the chairman of a financial consulting company who lives in a $1 million condo.

This guy is a piece of crap.  Stay away from him and don't trust him.  Reach out to me through ripoffreport.com for full details.  I'll provide you with the contact names, etc,... of attorneys who have filed against Joe Rogers / JRI Group, et al.