Complaint Review: Yosh Yasamin (Minerva Capital (BVI) Limited) - Fort Lee, NJ Internet

I was first introduced to Yosh Yasamin in the 3rd week of August, 2011, by Ephi Ullman at 45 Rockefeller Plaza, along with 4 of my corporate officers (one of my Strategic corporate offices). Yosh explained to my team the banking ventures he had been involved with.  He used reputable names like JP Morgan; Morgan and Morgan; Citi Bank; Gottbetter Partners, LLP law firm and O’Dell International.  I thought Yosh had great credentials.  

Several days later Yosh Yasamin (Minerva Capital (BVI) Limited) called me personally, asking for me to bail out him and mutual business associate  for a LARGE AMOUNT with an SPV. I told him, “I’ll have to think about it”.   As he called along with David Dubin (Dubin Capitals located at 112 West 81st Street, New York, NY 10024) saying if I help him out, he would return the favor. 

I was hesitant; however, I did ask my colleague on the West Coast for advice. I called Ephi Ullman, asked him about this supposed “bail out” and what he thought I should do.  Ephi vouched for Yosh, but said for me to make sure I have something in writing.  Feeling this bail out was legitimate and I was doing the right thing, I decided to move forward and help out.  I was also excited to build relationship with Yosh Yasamin. 

Yosh Yasamin gave me the MOA to wire the fees to return in 45 days to his (Gottbetter law firm) attorney’s escrow. I could not lose at this point.  I signed the release from the attorney escrow and the snow ball then started. I found out months later, it wasn’t even the attorney’s escrow account the funds went into.  

September 7th Yosh Yasamin rushes us to Ft. Lee for a meeting with 4 of my officers and Ephi, stating he had billions in T-Bills at JPM that will act as collateral that can back his TURBO Bond and I will be funded by 1st week of October, 2010. September 11th “Starbucks” with my COO, he claims he will advance Two Million by the 1st week of October, 2010 to assist us with real estate contracts and office expenses.  As my team prepares with excitement!!!  

At this point we focus 100% on Yosh Yasamin because of his promises! October 2010 I paid for the expense for Yosh Yasamin to travel and visit the sites of our joint venture partners, Water Declinations plant that Yosh had committed himself for $330M to fund these projects. October there was nothing (I did not pressure him) and still waiting for my commitment letter. 45 days past and Yosh Yasamin is still promising me the loan and telling me to not worry about the fees I gave him.  

1st week of November came and he issued me a transaction letter commitment to “RAISE” $275m and seeking $290k for SPV with an extra $1,000,000 in bank fees. Then he said I will return the personal loan by next week. (Thinking back he wanted me to raise money for him to return the personal loan I gave him). Looking at this agreement there was no way I could raise the bridge but as a good boy I ran with it. After several weeks I asked a friend to Mortgage their home to get me the $290K. Then their attorney told me Gottbetter law firm is under investigation and refused to wire the money and thought I was a fraud and I lost a friend b/c of an awkward transaction. (This is called bait and switch!! He never told me before I wired him the 28K about this $1.29m b/c I would never have given him the personal loan) Mid November I have 19 emails (Documented) to return monies to me by Yosh Yasamin.  

Thanksgiving came and went.  I had spent all my corporate monies to extend the land contacts (Attorney fees; traveling fees to visit the site of our JV partner, preparing for Yosh, because I thought he is a real guy). I gave him this money from my personal escrow account.  These funds were intended for my wife and children to live through the winter. I also had arranged the professional crew to start the construction company that Yosh Yasamin would be partners with.  I interviewed a dozen top construction individuals, one was a personal friend. Yosh Yasamin asked me to test drive a new car for my wife. Yosh Yasamin and I went to look at my dream house ($2.7M) in Saddle River because he was going to give me a private mortgage ….  

Then Yosh Yasamin disappeared during Thanksgiving. 

I had no money to pay our rent or buy food for my wife and our 2 little kids. I sent him email after email; call after call, only to have him return one email from a Road Runner account saying, that he was traveling in Europe and had no access to his Yahoo account (But he had access to his Road Runner email account!!!) In Europe they don’t have Yahoo but, Road Runner from New Jersey!!! It didn’t make sense.

He came back the 1st week of December 2010 and the promises started again, but I’ll just explain what ended up happening to me and my family.  I was evicted due to nonpayment of rent I had the worst Holiday in my life.   My Wife and children were the ones that suffered the worse through this.  They received nothing for Christmas.  We were lucky enough to have the meager amount of food that I was able to get us.  It was devastating to have put my family in that position, all because I trusted someone that I really believed was my friend.  I trusted him with my life…………….  

In January Yosh Yasamin finally gave back only a small portion of what he owes to me in the form of a cashier check addressed to my corporate account but it was pending to close because of multiple delinquencies on the account. With 4 other accounts tied to my Premier account, everything went into collections. 

I have since tried relentlessly to obtain the remaninder of what is owed, but again I have received nothing but empty promises...

Yosh Yasamin no longer calls me, where in the past we would meet together almost every night for few hours and talk about the future.  We were more than business partners, I believed we were friends.

Yosh Yasamin put me in a devastating financial situation that will take a very long time to recover from. He’s a scam artist that takes advantage and preys off good honest people that want to make something of their lives; people that have wives, husbands, children and good hearts. Yosh Yasamin has frauded me and my associates.  I won’t stop until his name is on every fraud site in this world.  He deserves to be jailed for what he’s done and I soon as I get some money and can obtain legal counsel, I will bring him to court and let justice be served.  He’s a thief, a liar and a cheat.  

This is a very short version of what actually happened.  I just want to put his name out there to make sure no one else or their family is ever again frauded by this unscrupulous human being.