Ahmad Arfaania sells himself as a Real Estate investor in Los Angeles, but dont be fooled by this guy and his apparent nice guy behavior.   In actuality ran a Ponzi Scheme of Real Estate that began in 2007.  In fact, he even looks a little like Mr. Ponzi (Photo of Charles Ponzi)!



o:title="Ponzi"/> Formerly with a Los Angeles-based company called Trion Properties, Ahmad claimed to be their property acquisition expert.  There he apparently learned how to create documents to fool investors that he is a competent business person.  He formed a company called COLLECTIVE WEALTH PROPERTIES, LLC.  He has closed or sold that and opened another COLLECTIVE WEALTH PROPERTIES, but using Inc. instead of LLC. 

This guy took hundreds of thousands of dollars from people including his long time friends, colleagues of his father - Dariush Arfaania, who is a Glendale nephrologist - and others.  He falsified documents, embezzled funds from the LLC bank accounts, spent the money on expensive cars, partying, trips to Vegas and hookers. And all this before the guy is even 30!

Ahmad appointed himself corporate manager of about 5 apartment building LLCs in the Los Angeles area, and after getting everyones money, proceeded to non-manage the lot.  Mortgages went unpaid, property managers freely overcharged for their services, important repairs went undone, and vacancies skyrocketed.

He also forged signatures on loans, title documents and LLC Operating agreements, falsified operating agreements by listing different peoples names for the same LLC, neglected to pay taxes, and never disclosed income expense or financial statements to the members.  Theres more: he freely sold shares of these buildings to anyone he could convince, and deliberately neglected to inform other members of the transaction, or that any other members existed. 

He even sold shares to a building that he never owned or controlled!

After two years everyones money has somehow disappeared, and he cut off all communications with his investors.  Ahmad Arfaania is being sued by the investors who can still afford to hire lawyers, as well as being investigated for criminal charges of grand theft and fraud by the Los Angeles Police.  

STAY AWAY FROM THIS GUY!  HE IS A SOCIOPATH AND SHOULD BE IN JAIL GETTING IT UP THE a*s JUST LIKE HE DID TO PEOPLE WHO TRUSTED HIM!!