- Report: #1529968
Complaint Review: Fasil Nasim -
Reported By:
Jean Garrards Cross -
NYC, New york, United States
Submitted:
Updated:
-
Author Confirmed
Why?
Fasil Nasim
United States
Web:
https://www.reuters.com/article/us-citigroup-commodities-idINBRE8850ID20120906/
Categories:
Business Rating:
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Fasil Nasim Fasil Citi Nasim Uses his position running lots of companies to defraud vulnerable people
Fasil Nasim is a suave and seemingly reputable businessman, has an extensive background in finance and entrepreneurship. He owns a plethora of companies, but his primary ventures include a building company and a care company. He is an Emirati and uses this to mask his finances offshore. Fasil Nasim is charismatic and articulate, he misuses traits to manipulate those around him. His charm masks a cunning and ruthless nature, as he is driven by greed and a hunger for power. He has a talent for appearing trustworthy, which he exploits to deceive others. He just wants to be seen as successful and powerful in the UAE.
Fasil's primary criminal scheme involves a nefarious intertwining of his care and building companies. He has his staff target vulnerable individuals, particularly the elderly, who seek assistance from his care company. Using their position of trust, they manipulate them into believing they need extensive and costly home renovations. and refer them to Fasil who rips them off. Once he has them convinced, he refers them to his fake financing or building company. He then makes it look like they have been the victim of banking fraud and moves the money from his UK to off shore banks across the UAE which are not in UK banking schemes. Fasil profits immensely from these schemes, showing little regard for the devastation he leaves in his wake.
One of Fasil's most egregious acts involves defrauding an elderly widow (although he has done many). Her family is wealthy and they approached his care company for assistance, only to be swindled out of her life savings (over 400k) for unnecessary and home renovations where the money was stolen via bank fraud. This act highlights Fasil's lack of empathy and moral bankruptcy.
To the public, Fasil maintains the façade of a successful, philanthropic businessman, often seen at industry events and participating in community activities. However, behind closed doors, he is a master manipulator, orchestrating his fraudulent activities with chilling precision.
