- Report: #1018701
Complaint Review: Ibrahim Almagarby - Tamarac Florida
Reported By:
Company C.E.O -
Las Vegas, Nevada, United States of America
Submitted:
Updated:
-
Author Confirmed
Why?
Ibrahim Almagarby
Tamarac, Florida, United States of America
Phone:
954-805-2055
Web:
www.microcapfundingsolutions.com
Categories:
Business Rating:
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Ibrahim Almagarby Usama Almagarby , Almagarby International LLC , MICROCAP EQUITY GROUP LLC , ALMAGARBY CAPITAL, LLC Gave him stock in my Co he slammed it into the market and never paid for the stock Tamarac, Florida
I was introduce to Ibrahim Almagarby,that he would be able to fund the company ,that he was a credited Investor,come to find out he is not. I was told by Ibrahim he was going to put together an Investors conference (Trade Mission) which he referred to it, for the company to raise capital. I mentioned to him I did not have the money to pay for the event. He told me that he would be able to help with the cost if I new of a 3rd party shareholder willing to sell him Stock in my company at a discount. That by doing so, he would cover all the costs that were required. So I agreed.
He was sent 10,000,000 shares of the company stock and slammed it into the market depreciating the stock price over 50% which lowered the company's market cap in half. But what really made this worse is he never sent the money to the shareholder and ripped him off for $300,000. He also never had the conference because he lied and said he had a group of investors that he had to attend these conferences that did not exist. After doing further due diligence on Mr. Almagarby I found out that he had no formal experience in financing and months prior learned about the stock market, with no knowledge of what a stock even was. He will also have CEO's from other companies that he pays lie in return for a good reference.
He was sent 10,000,000 shares of the company stock and slammed it into the market depreciating the stock price over 50% which lowered the company's market cap in half. But what really made this worse is he never sent the money to the shareholder and ripped him off for $300,000. He also never had the conference because he lied and said he had a group of investors that he had to attend these conferences that did not exist. After doing further due diligence on Mr. Almagarby I found out that he had no formal experience in financing and months prior learned about the stock market, with no knowledge of what a stock even was. He will also have CEO's from other companies that he pays lie in return for a good reference.
