This company is operating an advance fee fraud out of Dubai, offering leased bank guarantees and lines of credit, project loans are also offered using fake bank documents. A lease fee for the bank instrument or facilitation fee for a loan is requested usually for several hundred thousand dollars, the money is kept no loan or bank instrument is ever produced and you will be strung along for several months with excuses as to what's happened to your money.
The schemes are operated by convicted fraudster Philippe Gubbay who is wanted by the authorities in France, New Caledonia and the USA, Gubbay's previous schemes have been fake investment funds and Ponzi schemes, there is a warrant currently issued for his arrest in France and where he absonded to Dubai after being sentenced to a 37 month prison sentence.
He fled to Marbella Spain in 2001 after an investment fraud in Utah using one of his previous companies Capital Suisse and he has changed his company name in Dubai once again from Tecnopanel Dubai to Fractal Dimension Finance, he also uses fake names including James Edwards or Philip Merer to avoid detection from the authorities he resides and operates out of Dubai due to the lack of extradition treaties with the countries where he is sought.
0 comments