Carlo Joseph masquerades as a businessman with tons of cash to invest in various types of businesses

31st of Jan, 2010 by User801920

Carlo Joseph masquerades as a businessman with tons of cash to invest in various types of businesses. In our case, Mr. Joseph reviewed our proposal and told us he wanted to fund 4 films to the tune of $60 million total. We were asked to set up 4 individual bank accounts for each of our 4 LLCs (each of which had been set up to produce a feature film), in order that he might place $15 million per LLC in each account. The only requirement was that his name would be on the accounts & and he would subsequently own 60% of each film. We opened the accounts, placing $25 per account as a "set-up" deposit. Within three days of the accounts being set up, Carlo Joseph went to a branch of the bank in Atlanta, where he lives... and emptied the accounts. Did he need gas money and cigarettes, or what? When asked what the hell was going on, we were told that this was a "test" to see if we trusted him. EGAD! He promised to return the money to the accounts. Time goes by and no return of our money, to which he said, "It's only a hundred dollars!" Exactly. And he was insisting that it was only a matter of waiting a few months and he would be starting with funding one film, with the others within a year or so. Then months later, he suddenly has the money... or will have soon. Meanwhile, we have made promises to talent that we can't keep, and the film project is in jeopardy! Within a few weeks, Carlo Joseph calls us and asks US for money. Turns out he's needing to leverage $1500 iinto $50k, and then $150K and so on... in order to buy a bank guarantee which would be used as collateral and to insure a Medium Term Note for $400 million. He's planning to "spread the wealth" as soon as he's able to conjure up $350K -- this series of leveraging, it turns out is with disreputable people who promise him the moon... wherein he in turn promises everyone else. Having reached his contacts with the MTN proposition: Malcolm Hampton and his dicey atty in a hick town -- Rockwall, Texas, who swear they are ready to deliver this massive amount of money to Mr. Joseph. With a modicum of due diligence, the facts come out. They have NO references, although they promise them... yet never deliver. Not only that the Texas atty has a shill inside the Bank of America who, when asked, "reveals" that there is a huge wire of $200 million coming through from Europe into this atty's account... and the atty's escrow account has several deposits in it. Classic scam. NO ONE EVER SEES ANY MONEY, but they sure lose their deposit... often purchasing a bank guarantee that is then not usable... or the MTN instrument is never "delivered," if there was one at all. This turns out to be a scam that is being perpetrated far and wide. Stay away from Carlo Joseph. He doesn't have any sense, could care less about you, is dillusional, at best... and ends up with those just like him: scam artists!

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