John poses as an currency trader and a real estate agent. He does not have a legal license to buy or sell securities (see his Desist and Refrain order on the internet). He pretends to be a religious family man and seems to be trustworthy. He claims to have a lung condition so he play on peoples' sympathy and uses his health as an excuse whenever he is called upon.
He has been sued by many people and they all have won in court. I don't know if they have gotten their money back. I highly doubt it since we are talking 100's of thousands of dollars. He issue promissory notes that he guarantees. He promises high interest return on investment.
It is a ponzi scheme of sorts because he pays the interest for a few months to gain trust. Then he presents more "lucrative deals" and receives more money from the same unsuspecting investors. He has no intention of ever paying it back. He could care less if he is sued because he knows that he will outsmart the court and everyone he comes in contact with. He has gotten away with this for years.
I can't figure out why he hasn't been caught by the authorities. When he goes to the hospital for treatment, he prays on hospital workers to invest with him. He seems so friendly and honest that it is hard to believe he is a scammer. That is why he is so successful. I feel better that I am not alone in being duped but at the same time I feel bad for all the people that have yet to meet and invest with him. He is still out there repeating his investment scheme with success.
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