- Report: #1327467
Complaint Review: Miodrag Babic - AVUS Invest SIA - Internet
Reported By:
Really Angry - MX Properties -
Riga, Other, Latvia
Submitted:
Updated:
-
Author Not Confirmed
Why?
Miodrag Babic - AVUS Invest SIA
Internet, USA
Web:
https://businessnetwork.lv/predpriyatie/avus-invest-sia-2474
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Miodrag Babic - AVUS Invest SIA London City Group SIAAVUS Invest SIA Arturs AkisFirst Cable SIA Fraudulent Bank Instruments, Theft of Funds, Deception Riga, Latvia Internet
*REBUTTAL Individual responds: What Really Needs To Happen Next
*General Comment: These Guys Are Human Scum!
*REBUTTAL Individual responds: Response From AVUS Invest SIA
*REBUTTAL Individual responds: New Email from Arturs Akis
*REBUTTAL Individual responds: The Alpha Bank Mess
*REBUTTAL Individual responds: REMOVE ARTURS AKIS FROM THIS REPORT
*REBUTTAL Owner of company: Rebuttal- atsaukums- AVUS Invest- Arturs Akis
Report Attachments
Our company first began dealing with Mr Miodrag Babic in March of 2016 after one of his affiliate companies, London City Group, represented by Janis Petrovs failed to deliver on $92mm of US Treasury Notes that we had paid in excess of $90,000 for.
In December 2015, Mr John Diak introduced our company to London City Group SIA and their principals including Janis Petrovs, Miodrag Babic and Arturs Akis in an effort to lease commercial banking instruments for our lease so we could use these instruments that we paid for to obtain lines of credit to expand our business.
From December 2015 to March 2016 Mr Petrovs sent several emails to us saying that the US Treasury Notes and a Deutsche Bank Guarantee along with a Barclay's Medium Term Note would be transferred to our banks for monetization which is basically a working capital line of credit. When it became obvious that Mr Janis Petrovs was lying, Mr Miodrag Babic stepped in to correct the errors that Mr Petrovs had made.
In short matters just became much much worse. Miodrag Babic just continued to sell lies and solicit funds though John Diak. Our company continued to fund requests made by Miodrag Babic after our representative, John Diak, vouched for their integrity as upstanding business people. From December 2015 until August 2015, our two companies wired close to $430,000 to their two banks - Swedbank and Nordea Bank.
From March 2016 until September 2016, Miodrag Babic continued to make up excuses and constantly fought with John Diak over his failure to honor the commitments that London City Group SIA, Avus Invest SIA and First Cable SIA made to our companies.
Our group consistently contacted Miodrag Babic, Janis Petrovs and Arturs Akis on at least 30 occasions to either turn the banking instruments over or totally refund the money sent to the three affiliate groups. We were constantly rebuffed and given excuses.
Make no doubt, these individuals don't want to honor their commitments and are most likely frauds so we strongly urge anyone dealing with these persons to avoid them at all costs.
Hopefully Miodrag Babic and his partners will do the right thing and turn over the banking instruments that we paid for or refund in its entirety the money we wired to them over the 10 month period.
Most God fearing honest individuals live by a sacred code. That code speaks directly to honesty, integrity, courtesy and the respect of the common man. These men and their affiliated companies have no sacred code. All they do is prey on fine, honest hardworking people who they can manipulate, take advantage of and steal from. These men deserve the ultimate in shame because they are horribly shameful individuals.
The total disrespect that our company has been paid is unexussable. We have in good faith attempted to reach resoltuon with Mr Miodrag Babic and his partners on at least 20-30 occasions in emails. We've begged, we've pleaded, only to be rebuffed and bullied by these horribly inappropriate business people. To lie and claim that they posseseed such large banking financial instrumnets is just truly horrifying and inapproriate.
These individuals still have the ability to make right the wrong that they have commited. It's well within their power to make good on their commitments or return the nearly $430,000 USD in funds that they frauduletly accepted. We can only depend on their decency as HUMAN BEINGS to due what it is right in the end.
7 Updates & Rebuttals
Arturs
Riga,Riga,
Latvia
Rebuttal- atsaukums- AVUS Invest- Arturs Akis
#2REBUTTAL Owner of company
Mon, December 11, 2017
It has one year passed since this story has been published.
AVUS Invest SIA and me personally we have contacted Mr Todd Maxwell .
We have exchanged all information reagarding possible fraud that happened against him where AVUS Invest SIA was involved as financial agent.
Mr Maxwell have concluded that there is no mine personally neither AVUS Invest illegal involvement and claims can will be done against.
Dear reader pls find that - all realated issues are solved and both parties have agreed that:
THERE ARE NO CLAIMS AGAINST AVUS INVEST AND MR AKIS FROM MR MAXWELL AND HIS COMPANIES
AVUS INVEST HAS ACTED AS TRANSPARENT AS POSSIBLE TO RESOLVE THIS MATTER.
MX PROPERTIES
Florida,USA
REMOVE ARTURS AKIS FROM THIS REPORT
#3REBUTTAL Individual responds
Tue, October 25, 2016
MX PROPERTIES HAS RECENLTY CONCLUDED THAT MR ARTURS AKIS AND AVUS INVEST SIA BEAR NO RESPONSIBILITY IN THE FRAUD THAT TOOK PLACE REGARDING LONDON CITY GROUP SIA, MIKE BABICH AND JOHN DIAK.
MX WAS LED TO BELIEVE BY MR BABICH AND MR DIAK THAT ARTURS AKIS AND HIS COMPANY - AVUS INVEST SIA WERE PIVOTAL AND PROVIDING THE FINANCIAL INSTRUMENTS AND LOANS THAT MX HAD PAID IN EXCESS OF $400,000 FOR.
AGAIN, WE ARE HAPPY TO NOTE THAT MR AKIS HAS NO RESPONISIBILITY IN THIS MATTER AFTER HE CONTACTED US AND PROVIDED PERTINENT INFORMATION
John D
Riga ,Other,
Latvia
The Alpha Bank Mess
#4REBUTTAL Individual responds
Mon, September 26, 2016
AVUS Invest - Alpha Bank
It is also worth noting that "supposedly" AVUS Invest SIA was opening a bank account for MX. MX completed all of the paper work and application for the Alpha Bank account and then wired approximately $13,500 in a series of wires to AVUS that was supposed to be then transferred to Alpha Bank but never was. MX has several emails from AVUS and Marios Solomon (of Alpha Bank) telling us that the funds would be "under our control" within a few business days. This took place on 21/4/2016. Yet here is more evidence of bad dealing and fraud perpetrated by AVUS Invest SIA.
Please let it be clearly known that Mr Marios Solomon acted in conpletely good faith and was also dependent on AVUS Invest SIA to forrward the funds that MX sent to establish the account. Both MX and we assume Alpha Bank are at a total loss as to why AVUS Invest SIA never turned these funds over as promised.
Only Mr Arturs Akis can answer this question?
Report Attachments
John D
Alabama,USA
New Email from Arturs Akis
#5REBUTTAL Individual responds
Fri, September 23, 2016
We just received a new communication from Mr Akis telling us that everything was done on his side to resolve the conflict with the exception of paying $100 Euro for “legal” issues. We asked Mr Akis to put in writing that upon receipt of the $100 Euro, that the line of credit has been promised and paid for over months would finally be issued.
Arturs Akis also asked that we drop all claims against AVUS Invest SIA for completing the transaction. In theory, this would be fine; however, we need Mr Akis and AVUS Invest SIA to complete the transaction as a matter of good faith seeing that his three groups have already induced over $400,000 from our companies over a 10 month period. For us to drop claims against AVUS Invest SIA prematurely, would be foolish on our part after they have shown such horrible bad faith in our dealings thus far. As soon as Mr Akis decides to complete the transaction lawfully and in good faith, we must continue our pursuit of the fraud that has been perpetrated against us.
As soon as our dealings conclude in a positive manner, we will be more than happy to end our pursuit of our fraud claims. These gentlemen clearly need to understand that until true, good faith is demonstrated, there is no way we can drop our claim for the fraud / theft that was perpetrated against us.
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John Diak
Other,Response From AVUS Invest SIA
#6REBUTTAL Individual responds
Wed, September 21, 2016
Over the weekend, Mr Diak contacted us to inform that the Latvian group including First Cable SIA, London City SIA and AVUS Invest SIA groups we're willing to "Make Right" the fraud that has taken place. We were to have final confirmation of this within 48 hours of Monday.
Unfortunately, 48 hours came and went and nothing happened. That said we were personally contacted by Mr Arturs Akis who confirmed that he was working on cleaning the mess up. Our last communication was on 9/20 and since then Mr Akis has not returned our contact requests.
Something sounds very wrong to us so far. Time for Mr Akis to "Do the Right Thing"
American Investment Banker
Atlanta ,Georgia,
USA
These Guys Are Human Scum!
#7General Comment
Fri, September 16, 2016
Read the complaint and must say that coming from the investment banking industrsy that I see this S* 10 times per week.
PLEASE SOMEONE LOCK THESE A*HOELS UP AND THROW AWAY THE KEY!
John D
Riga ,Other,
Latvia
What Really Needs To Happen Next
#8REBUTTAL Individual responds
Thu, September 15, 2016
Again, all we ask of these three indiviudauls (Arturs Akis, Miodrag Babic and Janis Petrovs) and their companies is that they refund all monies sent to these three groups - London City Group SIA, AVUS Invest SIA and First Cable SIA.
If these men have the integrity to refund what was fruadulently taken from us, we will conlcude our pursuit of this matter and mark as resovled all complaints on the internet and the authorities.
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