- Report: #1184266
Complaint Review: Capital Investment Holding - Manama Select State/Province
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Author Confirmed
Why?
Capital Investment Holding
Manama, Select State/Province, Bahrain
Phone:
973 16199292
Web:
capitalinvestmentholding.com
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Capital Investment Holding Sheikh Abdul Rahman Khalid Bin Mahfouz Front Money Scam Manama ?
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July, 2014 I received an email from Sheikh Abdul Rahman Khalid Bin Mahfouz, Chairman Capital Investment Holding Company, Bahrain indicating interest in investing in my venture. I replied with a standard response that I welcomed investors but could not pay front fees, expenses, and deposits. Sheikh Bin Mahfouz responded that he sought no front money at which point I became interested.
Everything checked out. The website had been up for many years. The email address on the website checked with the email address the Sheikh used. We then traded numerous emails with the Sheikh asking intelligent questions and my answering with over a month off for Ramadan. Finanlly, we signed an MOU which served as a funding agreement. I was instruced to call Sarah Hijjawi, Assistant Controller (whose name and association shou up on LinkedIn). Sarah informed me that I must pay for a Bahrain Investment Certificate before I would receive funding. The cost was $6,550 which I did not have.
I did considerable soul searching. I had never had a good outcome from front money. But, everything seemed to check out and the Sheikh mentioned trouble his family had in falsely being accused of aiding terrorists earlier and that all investment wiould be through a Saudi Investment Regulartory Agency. I talked myself into borrowing the money and paying the fee which went to Alexis Shepherd, a Capital Investment Holding employee, in Cork Ireland after I called Shepherd and talked with him at the indicated telephone number.
I thought about checking the Sheikh and Capiital Investment Holding on Ripoff Report and did not follow through. In reading this rep;ort, you have saved yourself from making my mistake.
Alexis Shepherd duly transfered the first month funding to my account and sent a copy of the wire transfer on Monday, October 20, 2014. Nest day, i received an email from Jeremy Cogan, Lead Insurance Specialist On & Behalf of Capital Investment Credit Insurance, informing me that he had put a hold on the wire transfer. I must now pay investment insurance fee and cited the funding agreement which has no provision that I take out investment insurance or purchase an investment ceritificate.
