I am reporting fraudulent business practices and theft of $3,500.00. On Oct 27, I engaged Joe Bakr of World Wide Auto Exchange to locate and procure for me a specific year, make, and model of automobile by 12/15.
On December 7, Joe Bakr said he found several specific vehicles on which to bid for purchase, but claimed that his partner, William "Billy" Pegunas, insisted upon a refundable deposit of $3,500.00. On Dec 7 I provided Joe Bakr a check for $3,500. As requested. Joe Bakr communicated with me daily until my check cleared. After the check cleared, Joe Bakr stopped communicating with me and began to ignore all my many attempts to contact him to understand what was going on.
I complained to William Pegunas at World Wide Auto Exchange on 12/20. He confirmed that he was Joe's partner, and refused to discuss the matter and insisted that I take it up directly with Joe.
I have since been forced to purchase a car from another dealer, and all my attempts to contact Joe Bakr remain unanswered.
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