- Report: #1297499
Complaint Review: James E Ballweg jr - San Antonio Texas
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James E Ballweg jr
419 S Main San Antonio, 78204 Texas, USA
Phone:
210-860-4957
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James E Ballweg jr The Phoenix Trust, San Antonio Funding Scam San Antonio Texas
James E Ballweg jr, d/b/a The Phoenix Trust
Ref: Ballweg: Registered sex offender: Court Case 9607337
Fake Check:https://casetext.com/case/vega-v-compass-bank
Fake Bank Account: Dial: 877-277-8552, Enter Acct: 67487061, Pin#: 4511 (Fake)
Note: All Ballweg's & Vega's bank accounts are closed down. Chase is running a full investigation.
Note: We have requested documents showing the transfer of funds from The Phoenix Trust and
Arthur Vega's IOLTA account without success. So at this point we have sent complaints to the Texas
Bar, FBI, San Antonio PD(White Collar Crime), Chase Bank Fraud Division.
We have proof of (3) scams/ponzi Ballweg deals(Victims), A man was waiting for Ballweg to finance for (5) months full of promises comitted suicide. Didn't even bother him(Ballweg)
Re: Financing Multifamily Portfolio, Dallas/Houston, Texas
I was referred to Ballweg by a foreign investor, who said The Phoenix Trust was the US representative for them. He presented himself as a commercial lender(Facilitator). We scanned the internet for The Phoenix Trust and found no negatives. I didn't scan the internet for Ballweg until later when there was no performance. When we found him and his son (Sex offenders)we instantly understood the people we were dealing with. He indicated he needed $70,000 for transfer fees from Banco Cafetero in Bahamas. He set up conference calls to talk with the Bank and all seemed legit. We tried to send to the Phoenix Trust account and the bank wouldn't recieve. At that point his attorney Arthur Vega said we could try his account. Note: We borrowed the $70,000 to facilitate the transaction) The funds went straight through to Vega's IOLTA account. (State of Texas Trust Account). We found a listing for Banco Cafetero and tried to call them to verify Ballweg's claims without success. I told Ballweg of the phone call and he said yes they will not answer unless you email them prior. Ballweg forwarded a Banco Account to show he had funds: Call: 877:277:8552, Account: 67487061, PIN#: 4511. ($7,700,000 pounds) Somehow he setup a fake bank account and when you call it appeared real. Complete Fraud!!! Ballweg indicated our loan was approved and he needed the $70,000 and closing would occur within 48 hours after recieving the fee. (6) months ago.
After 7-8 fake bank statements, many ficticious characters, endless promises, worthless contracts, we have given up on his fraud. His scam typically is he needs money for transfer fees to release his money overseas. The latest he was trying to sell people was for $4200.00 he could get $3,000,000 from Benin. Another is for $100,000 he can get $40,000,000 from NatWest Bank, UK. Another is for $40,000 he has $25,000,000 he can get released from Mauritious. Fraud When you ask him for a bank statement to verify he supplies statements which are always fraud.
I could type for hours.....I am simply trying to warn potential victims. We have full report of this fraud(Scammer) daily notes for 6 months.
I have a full report if anyone wants a copy.
