Complaint Review: Mecca Construction Inc.

In May 2013 we signed a Joint Venture agreement with Mecca Construction Inc., at that time $150k USD was wired to a lawyer, John Glenn from Colorado, which was to be sent in full to Mecca (Mikal Abdullah) to be used for a SWIFT fee for a financial instrument, that was to get us a large return. That deal was to be done within 3 months and did not come to fruition because of an apparent negotiation problem, even though it was pre-qualified and a great source, or so we were told and believed.

Then, without consultation or agreement, Mikal Abdullah used the money he received, to buy a Logistics Company (Logistics Concepts Inc.), that company was to be used to secure a line of credit, which in turn was to be put into a trade program, similar to the above program, which again did not happen.

Then he met with a Jeffrey Holland CEO of Source Holdings Group LLC, from Los Angeles, which is apparently a hedge fund company. Jeff Hollands of Source Holdings LLC, was the person who was to arrange the purchase of the corporation via the hedge fund and a line of credit via Wells Fargo. Weeks later Mikal calls and says that Jeffrey Holland has taken off with the money and he is reporting him to the CIS etc. and that apparently, as per Mikal, Jeffrey Hollands is known for ponzi schemes and there is nothing else Mikal can do at this point.

Then we were told by Mikal, after all this, that he in fact only received $96k out of the $150k (this was never brought up before – we assumed he received it all). I then asked for all the account transfer information between all the parties, the lawyer, the broker and Mikal Abdullah, after pulling teeth, it was discovered that he did in fact receive the full amount, (after paying a brokerage fee to the guys that introduced us). When we confronted Mikal for the 10^th time about the missing $26k, he reluctantly admitted he gave the money to a Walter Gibbs, a former car salesman of Jim Ellis Auto and that Walter is now in Jail and he is filing civil suit against him to recover the money.

At the beginning of this deal I was advised by Mikal, and the broker to take out insurance on the money I was investing with David Harris with First Standard Asurety LLP, to which I did so in the amount of $25k USD. Dave Harris was CC’d and included in all correspondence as to what was and wasn’t transpiring with the transactions explained above, but when the time came for me to make a claim with FSA LLP, Dave said because he was not addressed as the principal in the emails, nor was he asked to note any serious changes in the original plan and because of that the surety was now void, although it was not explained to me by Dave (or Mikal) that this needed to be done, nor did he make any mention of this when he read the emails that the original plans had changed. Which was written correspondence between Mikal, Dave and myelf.

To this date neither party is willing to pay me anything.