On January 31 (Thursday), N. Joseph Ali consummated a purchase & sale agreement for the Royal Bouquet Florist located in Boston, Massachusetts. Mr. Ali presented the seller with three checks - one in the amount of $5,000, another in the amount of $2,500 with a post-date of February 29, and the last one in the amount of $1,332.38, as part of the closing process for the purchase of the Royal Bouquet Florist from myself. All three checks were written against an account titled "EMAN, LLC D/B/A COUNTRY HAVEN MHP" with an address of 28 State St. Fl. 11, Boston, MA 02109.
After presenting me with the checks and finishing our meeting, N. Joseph Ali asked me to wait to deposit the checks until the next business day as he "needed to transfer some money around" so the checks would be good. I honored his request and waited until the next business day (Friday) to deposit the $5,000 and $1,332.38 checks into my business account.
Mr. Ali then called me the next day (Saturday) and wanted to meet with me on Monday to discuss a personal situation "that had come up". I agreed. On Monday, we met and N. Joseph Ali explained that an unfortunate situation has occurred with his "ex-wife" accessing his accounts and depleting money from them and that his lawyer has been working with the courts to get this resolved and that the "judge" handling the case has put a "freeze" on his bank accounts and that it was very likely if the checks didn't already clear that they would be returned (bounced).
After our meeting, I checked with my bank and BINGO - sure enough, both checks had bounced. After working through many attempts to collect from Mr. Ali and his "delay tactics" and "stories" it became quite apparent that Mr. Ali had no intentions of resolving this matter and seemed to have intentions from the beginning to acquire my business and it's assets fraudulently. He has also failed to begin making payments on the promissory note for the remaining balance of the agreed upon sales price. Additionally, I am still in possession of the $2,500 check that is not cashable as he does not maintain a balance in the checking account upon which the checks were written.
In addition, I was notified around March 5th by the landlord of the leased space where the florist was located that Mr. Ali DID NOT pay February nor March rent. Mr. Ali chose to vacate the premises immediately when the landlord ordered him to present the outstanding rent. So, now the business has been closed and the assets removed to an unknown location or disposed of without any knowledge to me.
Lastly, I also learned from Mr. Ali's former store manager that he had not only duped me in the acquisition of my flower shop, but he also had duped the previous owners of another flower shop named Coates Florist located in Melrose, MA. He had acquired the Coates Florist shop in the July timeframe.
It appears that the landlord action to force Mr. Ali to pay-up or vacate the premises had an effect on Mr. Ali to cause him to "disappear" and relocate. There were "rumblings" that he may be in the Houston, TX area.
This guy is trouble. Do not do business with him. Do not trust anything he tells you. He has deceived many people.
Another hint that Mr. Ali is trouble: look up a complaint regarding Sunbelt Business Brokers or Sunbelt Advisors in the Boston, MA area.
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