This company is run by an individual named Ivan Carlos Modesto Dearaujo. He is not an official officer of the company, although he is the acting chief exectutive officer and signature holder on the bank accounts. He finds unwitting innocent individuals to assume liability for the company as "silent partners", who actually have no knowledge of the day to day business of the company. This company has also done business as Petrosite Assets, Agaujewelry.com, JCK Jewelers, Emerald City Gems, and Wellington-Cabot.
He uses bait and switch tactics, and enless promises of dividends that never are paid. Hundreds of innocent individuals have been defrauded out of their life savings. He uses his wife and children as a guise for a "reputable family man", who are innocent victims of his as well. He uses no less than 5 aliases, is a deported illegal alien, convicted felon, and currently on probation for drug felony. He uses the company credit to obtain credit cards, bank accounts, house rentals, car purchases, all for personal use. He often does many business transactions for cash, which he uses for personal use, and is never reported. He uses crooked accountants to cover up his paper trail, and then pins the blame on others for the missing money.
This man is a sociopath, and must be avoided at any cost. His current plans are to move the company to Canada to avoid prosecution and continue his cash flow.
0 comments