|BBDA Advisors Dac Global Do not trust this group - FRAUD!!! Clearwater, Florida |
|21st of Nov, 2010 by User559738 |
|We originally went under contract SEVERAL YEARS ago to finance a land development project with this group. SEVERAL YEARS have passed and they have not lived up to their obligations. This was after having spend over 1/2 Million dollars in fees, studies, and documentation to satisfy their requirements. They have been unwilling to refund our monies as they have represented they would do. This group, in my opinion, is a complete fraud. Anyone who is currently working with them should contact the Federal Department of Justice to be included in their ongoing investigation of this company and it's members. This group (in my opinion) has no credibility and is seen as one of the worst perpetrators of fraud in the finance business. STAY AWAY FROM THIS GROUP! John Condo and Michael Zanetti seem to be the ring leaders of this organization (in my opinion). They will promise you the world and leave you hanging for dear life. Beware of their fraudulent statements saying they are reputable. In my opinion, these guys are consummate scam artists that will make you feel good, but leave you wondering what hit you in the end... BEWARE!|
|John Condo is somewhat of a Henry Gondorff type who sets up a big scam about once every ten years or so that gets him hauled up before the SEC. The SEC lets him off, and then he goes about setting up his next scam. In his most recent effort, he bilked ten or so American business parties out of around $7 million in "deposits" on industrial real estate development projects that BBDA was then supposed to fund to the tune of several billion dollars. It is undercertain as to how much he may have bilked foreign investors out of. Zanetti, a lawyer who learned the trade of fraud on Wall Street, and the disreputable Florida-based law firm of Drakeford and Drakeford serve as both accomplices and legal cover. The Federal government has yet to take any interest in Condo's fraud activities as the companies that he cheats have little, if any, political pull.|
|Update: Condo, also known by his true name of Ioansis Koutsoubos, may have been arrested at a European resort with the help of Zanetti, who has apparently agreed to cooperate with Federal authorities.|
|The investigation of Condo has been going on for a long time. Did they finally indict him? Is Zanetti going to get off scottfree in exchange for his cooperation? What about Condo's sidekick Dr. Eric? What's his status. All of these guys belong in jail - for a long time.|
|Zanetti is not a lawyer, he went to law school. Never sat for the bar. Others involved in the BBDA scam are " brokers" Lynn Knox of Atlanta, and William Sturtevent of Clearwater. The brokers were out in the market, selling pipe dreams to upstart companies, bringing them to BBDA for financing, and then just refusing to acknowledge the facts as Condo ( Koutsobous ) engineered lie after lie. Fraudulent documentation based upon letterhead from real financial organizations seemed to be the key to the scam. " Dr. " Eric is a sidekick that gets portrayed as a wealthy foreigner with contacts throughout Europe and the Mid East. He is neither a Dr., or wealthy. The age old upfront fee for financing scam was well run, and all parties were involved, aware of the truth, and should all go to prison. I would encourage anyone with any dealings with any of these parties to contact the DOJ immediately.|
|13 January 2012: A Federal Grand Jury (Massachussetts) indictment against Condo, Zanetti, and "Dr. Eric" has been unsealed. Zanetti was taken into Federal custody in Florida on 12 January 2012. Condo was arrested in Europe after forgetting the birthday on his fake passport and fought extradition but is said to be in Federal custody as of 13 January 2012, as well. The FBI is searching for "Dr. Eric, " who appears to have skipped out, but may be taken into custody shortly if either Zanetti or Condo rat him out.|
|My mother was also a victim to these crooks. He, Michael Zanetti, convinced a 75 year old widow to give him her savings and in return, he would pay her back principal and interest. They made a few payments (2) and then he stopped and just said he ran out of money. He signed a fraudulent mortgage document and even bounced a check for $75, 000.00 These were her last funds and now she is totally wiped out. We will be contacting the United States Attorney Carmen M. Ortiz; Richard DesLauriers, Special Agent in Charge of the Federal Bureau of Investigation, Boston Field Division; William P. Offord, |
Any info anyone would like to share please email, email@example.com. 954-247-4570
|Does anyone know if Condo has been sentenced?|
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