Complaint Review: Alex Echeverry Alexander Echeverry & Associates - San Diego and Redondo Beach (also Dallas, TX) California

So many people have been taken advantage of by Alex Echeverry and Jack Dikici. I am one of them and I know of 10 investors in Virginia Beach Va losing money as well. These people are professional scam artists. They go after mostly the people who can't afford to Lose money or are vunerable. You will never see the money again. I haven't and 10 others havent gotten their money either.

I am the publisher of the above noted report and have updated information to add.  After posting this I have received quite a bit of communication from Mr. Echeverry.  He has made numerous statements, promises, etc.  He has told me that because of the economy, my payment had been delayed but he was getting closer to getting things resolved and getting my money back to me.  In a conversation approximately a month and a half ago, he promised that my money would start being repaid to me in as soon as two weeks.  I stated that I had been waiting for over a year and a half and I demanded that all monies, with interest be returned to me immediately.  He promised again that payments would be coming my way soon.  He also stated that Jarrell Hill was not involved with my account.  He said that SIK Management has been assisting him strictly in an advisory role.  Honorable Al-Bey was also on the phone during this conversation.  He stated that he and Mr. Echeverry were making my account their top priority and he suggested to Mr. Echeverry that he send me a notarized statement of the money owed to me and a payment schedule.  Mr. Echeverry agreed and he promised that document within 24 hours of our phone conversation.  It was a week and half later before I received anything, although the date of notarization was within a week of this phone conversation. 

The document he sent reads:   "ALEXANDER ECHEVERRY DBA:  Alexander Echeverry & Associates, UIA., herewith declares under penalties of perjury:  I HAVE A LEGAL PRIVATE INVESTMENT CONTRACT FOR VALUABLE CONSIDERATION OF... WITH.. [me].  THIS PRIVATE CONTRACT IS PAST DUE, TAXABLE AND BEARING INTEREST... I AM THE OWNER AND C.E.O. OF THE AFOREMENTIONED UNINCORPORATED ASSOCIATION... I HAVE BUSINESS OFFICES IN THE COUNTY OF LOS ANGELES, AND THE COUNTY OF SAN DIEGO... I AM WILLING TO PARTICIPATE IN THE LEGAL RECOVERY OF THE FUNDS STATED ABOVE, WHICH ARE HELD UNDER PRIVATE INVESTMENT AGREEMENT, WITH DELTA HOLDINGS INTERNATIONAL, WITH THE CONSENT AND AUTHORITY OF: DR. SATU AMAZUOU, PH.D... THIS CONTRACT IS PRESENTLY PENDING BANKING COMPLIANCE, AND FINANCING FROM A SECURED SOURCE; DUE FOR RELEASE ON OR BEFORE JUNE THE 1ST, IN THE YEAR OF 2010..."

Upon receipt of this document I sent Mr. Echeverry a response with my corrections, including the fact that the dollar amounts of the original investment amounts and interest rate listed were significantly less than what is written in my original contracts and therefore incorrect.  His response did not directly respond to me other than to say that he was finishing up some business and had upcoming meetings regarding my account status.  He also stated that he would have a discussion with his associate, Honorable Al-Bey of SIK Management, about my email so that they could "tend to my request".  There was no further "tending" received.  Nevertheless, I did receive this notarized document stating that he did indeed owe me money, that it is past-due, and that he would get money to me on June 1, 2010.

Approximately two or three weeks ago I received a phone call from Dr. Satu Amouzou.  He proceeded to tell me that he did not have, nor had ever had any of my money.  I told him that, that was not at all what I'd been told by Mr. Echeverry.  I told him how Mr. Echeverry and Honorable Al-Bey had both said to me in a phone conversation that my money was in his (Dr. Satu's) hands and that he was the reason I still had not received payment.  (This was told to me during the same phone conversation noted above, where Mr. Echeverry promised to send the above quoted notarized document.)  Dr. Amouzou said that that was completely false.  I then proceeded to tell him about the above quoted document along with the original contracts that named him and his company as the holder of my accounts.  He responded again with the assertion that he did not have nor had ever had any of my money.  I asked him about the phone conversations I had had with him a year ago when he did acknowledge himself  as being the holder of my accounts.  His response to this was to explain how he had previously been allowing Mr. Echeverry to use his office and how he was acting as his mentor at that time to help Mr. Echeverry out, who was "like a son" to him, but that he had never actually had my money.  When asked, Dr. Satu said that he would be willing to file fraud charges against Mr. Echeverry for stating that Dr. Satu's company was the holder of my money.

Since the receipt of the above referenced document, I have received a few calls, text messages, and such from Mr. Echeverry, saying that things were progressing well and everything was on track.  Well, as you will be able to tell by the date of this posting (June 6, 2010), "... JUNE THE 1ST, IN THE YEAR OF 2010" has definitely come and gone.  I had to call Mr. Echeverry on the first, asking him what was going on and where my money was.  He said he was working on it, that the holiday had delayed his efforts but if I just gave him till this Thursday, he'd get everything taken care of and get my money to me.  He again failed to come through or even communicate on Thursday, the 3rd of June.  After numerous calls and text messages to him on Friday stating that I wanted my money NOW, as promised, I received a return call from him on Saturday.  He said he did not have my money yet but things were progressing, that he had been in meetings Wednesday through Friday and had more that afternoon to try to get things taken care of for me.  He said that he would call me later in the day with an update.  He did call but simply stated that he had a charity event that night, and would have access to his board members to discuss my account further with them.  He said he would call back with another update today.  Well, it is now almost 11:00 PM, CST and I have had no more phone calls. 

This seems to me very much like what happened a year and a half ago... a lot of promises with no actual actions as far as returning my money to me.  I don't know if all these meetings are actually happening or not or if it's just a bunch of lies.  All I know is that I have received nothing more than a notarized piece of paper that looks to be no more valuable than that paper it was printed on.