Baotech - Olga And Alex Milman
Money Scam ripoff, scam Plainview New York

I am a mother of 3 children that got scammed for 70K.
About two years ago, my sister in law brought new friend into the family. Shortly after, that friend asked for some financial help for her "growing" business. This request or you may say proposal sounded very attractive.

For each 35K we would make 800 dollars a month as a flat fee. One of the conditions was that if we ever decide to break the contract we may do so and we would get the entire 35K back. Of course we have decided to borrow money against our home equity and invest in this new friends business. At the time it seamed like a great deal. The Home equity is only 4% and the profit is over 600 dollars a month. Sounds great, does not it. Until last month.

All of a sudden we were asked to met them in the some strangers apartment in NYC. Where we were told that they will not pay us anymore the interest or the principal. After that day this company no longer returns our phone calls, emails or letter. Our whole family has landed to this business close to a half a million dollars. Where every dollar is borrowed against our homes. 5 families with 2-3 children in each is under tremendous stress and financial shock.

We are at the point that we would have to sell our houses and this company who inserted them selves as our friends don't care. The house that this couple leaves in costs over 2 million dollars. The 3 cars and a boat that they own is possibly another 500K. I don't mean to count what they have but I feel that we were "SCAMMED" badly. And now 5 families will be homeless.

I apologize for my not so good English, but I am a Russian immigrant that has made a big mistake. And it is impacting the life of my family. I am looking for you help to expose this scam to public. And possibly to help to bring this company doings to justice.

I know you get a lot of very interesting stories daily, but I urge to help in any way you can.

Any help is greatly appreciated!

Company: Baotech - Olga And Alex Milman
Country: USA
State: Nationwide
Address: 255 Executive Dr, Plainview, New York 11803
Phone: 5163491400

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