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Report: #604268

Complaint Review: Prime Source - Huntsville Alabama

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  • Reported By: Craig — New York New York United States of America
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  • Prime Source 6275 University Dr. #37-395 Huntsville, Alabama United States of America

Prime Source Prime Source WFH Associates Business Scheme Huntsville, Alabama

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In October 2009 I had contributed a $1000 to a short term investment that was told would bring a 5 times return.  I and at least 20 other participants had invested in this transaction.  It was told to us that we were buying into a CMO.  This financial instrument was supposed to be sold and we were told that this would be a short term transaction.

We were supposed to get our money back by December and it is now 7 months later, and none of us have received any money back.  We just want our initial investment returned and do not care about the benefits.  Since December there have been many promises and emails that have been documented of how we were going to receive our money back, but nothing has happened.

I am writing this, to report the gentleman and the company he represents who is in charge of this bogus business practice so he will be notified and will not steal anyone elses money in the future.  I believe this business scam is some type of pyramid scheme since the people who bring in participants makes a bonus.  The gentlemens name is Patrick Douglas who is the head of this scheme.  The name of his company is Prime Source | WFH Associates LLC.  His phone number is 256-217-3279 and address is 6275 University Dr. #37-395 Huntsville, Alabama 35806.

I have a receipt for the money that I had contributed, and numerous emails that he had wrote promising that our money will be returned to us.  Please let me know if I could provide you with any other additional information.

This report was posted on Ripoff Report on 05/17/2010 05:20 PM and is a permanent record located here: https://www.ripoffreport.com/reports/prime-source/huntsville-alabama-35806/prime-source-prime-source-wfh-associates-business-scheme-huntsville-alabama-604268. 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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