In 2009 Gaddy asked me to invest with him in bringing merchandise from China, he claimed he had two factories there and clients in South America to sell to and just need the capital to purchase it and flip within a few weeks... We started small with $50,000 purchases and he paid be back 10% interest every month till he returned the capital investment.
He then said he had a big deal he was working on and need $100,000.00 to get it going, since we did a few prior successful deals, i trusted him and invested again. A week later, he came to me with another deal claiming he can get it done in one month and would pay me 20% interest on a $60,000 investment. Shortly after, Gaddy said he needed to go back to Israel because his wife lost her Visa but he will continue to run the business with his cousin staying here and him in Israel.
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