Complaint Review: Alan F. Daniels

Mr. Daniels tries to keep away from the public eye important information. First, he always states that his location is Los Angeles. That is untrue, his physical whereabouts are unknown, since about 2006 he is in hiding in the USA. His company "Real Estate Capital Management" has been closed in the State of California and in the State of Nevada, in 2010. In 2006 Mr. Daniels was convicted by the US Federal Court for Northern Georgia Atlanta Division in a fraud action to pay restitution of over 1.3 million US Dollars (Piana versus Daniels), after he had engaged in an elaborate scheme to evade service of process for years and years. Until today he was unable or unwilling to make payments to his fraud victim, in 2004 he filed for personal bankruptcy in Calfornia and did not report this repayment obligation to the bankruptcy court. To this date Mr. Daniels has been promoting and selling so called "high yield bank guarantee scam investments" promising his unsuspecting clients, mostly from South America, returns on investments through his defunct "Real Estate Capital Management" firm of 40 % (!!) per week (!!) and more, promising to generate these returns of 40 % per week for the duration of 200 weeks. Mr. Daniels proposes these highly perplex financial operations, although he never received a financial license from any state or Federal agency or worked for any fiancial institution anywhere. His sole experience is as a real estate broker with a real estate brokerage franchise. His "Real Estate Capital Management" has no license either, and no assets.