Ripoff Report Needs Your Help!
X  |  CLOSE
Report: #1516560

Complaint Review: OLUSHOLA FAKUADE - KINGSHO HOLDINGS FAKUADE - ARCADIA, CA

  • Submitted:
  • Updated:
  • Reported By: mmgdm — Windsor Mill MD United States
  • Author Not Confirmed What's this?
  • Why?
  • OLUSHOLA FAKUADE - KINGSHO HOLDINGS FAKUADE 245 W COLORADO BLVD, APT 17B ARCADIA,, CA United States

OLUSHOLA FAKUADE - KINGSHO HOLDINGS FAKUADE SCAMMED ME AND MY FAMILY OF $97,000 ARCADIA, CA

*General Comment: Same experience

*Consumer Comment: Olushola Fakuade Scam Artist

Show customers why they should trust your business over your competitors...

Is this
Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
How to fix
Ripoff Report
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

I write this email with tears in my eyes and sadness in my heart. My husband and I were making an effort to multiply our savings as we sought funds for surgery. Unfortunately my family and I were scammed by OLUSHOLA FAKUADE in the process.

I was introduced to Olushola Fakuade by my friend of 10 years, Korede Fanilola. Olushola is Korede 's cousin and a Forex investor. I was encouraged by Korede to invest with Olushola because he has found him trustworthy and has a track record of success with prior investors, Mr Korede Fanilola also added that he also had access to Olushola's account and we would be able to get our money at any time.

So I started investing with him 11/05/2020 with $20,000 and he wrote an Investor agreement stating that I will receive 30% ROI for a total of $26,000 on 02/05/2021. Olushola also gave me the option to roll over my money plus interest after each three month cycle. So I rolled over $26,000 from 2/05/2021 till 05/12/2021 with a new agreement of $33,800. I then rolled over $33,800 from 05/12/2021 till 8/12/2021 with a new agreement of $43,940. I then asked to receive $13,000 from Olushola and rolled $30,000 for another agreement.

Olushola sent $12975 to me on 8/18/2021 (he deducted $25 for transfer fees). On 10/11/2021, I sent $35,000 capital to Mr Olushola Fakuade for a new transaction, seperate from what we had going on.

He was supposed to draft an investor agreement for this new course, but he NEVER DID. I attempted to reach him from October till November but I was unsuccessful as his number would not go through. I was able to reach him through Korede Fanilola on Nov 16, 2021. Olushola has spoken to me over the phone stating that he was robbed and his laptop and phone stolen, he added that his bank account was compromised and some funds stolen.

Olushola however promised that he would pay back all funds by Dec 31, 2021. I made several phone calls and sent text messages to Olushola, however he has not been responsive. Olushola Fakuade blocked me from phone communication. I reached out to Korede Fanilola about Mr Fakuade's whereabouts, Korede Fanilola also stated that Mr Fakuade has not been responding to his call and he also blocked him. It also turned out that Korede did not have access to the big money account and was unable to get us our money.

My husband also gave him $55,000 capital and got blocked from communication, he recently replied my husband email and stated that "he would make sure my husband does not get his money back"

Unfortunately, there were other people with similar ordeal with OluShola Fakuade, including my Husband , sister, Brother-in-law and cousin. We have a support group of about 16 people on whatsapp, one of the individuals from the group confirmed that he has been seen on social media taking vacations to Miami and lavishing money in clubs.

This report was posted on Ripoff Report on 03/03/2022 09:26 PM and is a permanent record located here: https://www.ripoffreport.com/report/olushola-fakuade-kingsho/arcadia-ca-scammed-family-1516560. 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

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Updates & Rebuttals

REBUTTALS & REPLIES:
0Author
2Consumer
0Employee/Owner

#2 General Comment

Same experience

AUTHOR: Rico - ()

POSTED: Tuesday, December 12, 2023

 I’m interested in the WhatsApp group also. I had a very similar experience with knowing Shola for years and then him taking money from me and disappearing after making tons of promises. I can’t let it continue without consequences for him.

Respond to this report!
What's this?

#1 Consumer Comment

Olushola Fakuade Scam Artist

AUTHOR: Charlene - ()

POSTED: Friday, November 11, 2022

 Olushola, whom I knew for years, stole money from me and my elderly father. He definitely played my friendship with him and used me to get my father to also invest in his phony practices. We were able to find where he lived because I hired an investigator who found that he was going under 5 different social security numbers. Tried to sue him but I couldn't make it to court in California. I would like to join the support group. He has many more victims I know for sure.

Respond to this report!
What's this?
Featured Reports

Advertisers above have met our
strict standards for business conduct.

X
What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

WATCH News
Segment Now