Consumer reviews and reports on scam companies, bad products and services
Phoenix Financial Ltd
Phoenix Financial Ltd. Loan Scam Goodyear, Arizona
15th of Mar, 2011 by User956558
The report below, which was written by another victim of Phoenix financial Ltd., is almost Identical to the Scam they performed on me. These people at Phoenix Financial ltd are Evil, and they all have past criminal records, which I have had verified. Please, do NOT deal with these people. They have a system which works well, and appear to like to keep what they steal from you in the area of $400,000.00. This is an amount that helps them stay under the radar of the authorities both nationally and Internationally, and they deal in both areas. Phoenix Financial Limited, PFL, (Grand Cayman Islands), USA, Arizona, Goodyear, Enrique Wendell Venegas Iglesias & partner and/or advisor (AKA Antoine) Tony Habib, Brazil, Sao Paulo offer loans where the conditions change after contracts are signed. Concordcapitalonline, USA, Oklahoma, Tulsa, Broken Arrow, Hal Smith, takes on the role of consulting, advising, moderating & funding as well, but most of all is acting as the ignorant broker.
In 2010 Companies in the US and Europe are signing up for favorable loans with PFL i.e. US $ 5 M. Conditions are i.e. 5 years term to 6% interest. Then contractual escrow deposit of US $ 400K needs to be paid by the company into a British escrow agent account. US $ 400K is used to initiate a line of credit for PFL to develop the loan amount. Deposit and Loan is backed up by a bill of exchange i.e. US $ 7 M, according to funding contract issued by a reputable British bank,
which is held by the UK escrow agent for 180 days until funding.
However, after deposit of US $ 400K into escrow account companies realize that the bill of exchange is issued by First Finance, Beirut, Lebanon an investment consulting firm. PFL claims everything is alright because loan will be paid out within the contractual 90 days. However, things are about to change drastically. Byblos bank, Beirut, Lebanon as the back up bank for the bill of exchange seems not to know anything about PFL and First Finance Ralph Sayad. Now, PFL additionally is demanding CPA letter of opinion (not contractual) from companies in order to back up the funding contract. Letter of opinion is delivered to PFL and is of course rejected by Tony Habib as the adviser of PFL. PFL is coming up with a new plan to participate in companies as JV partner.
Contractual 90 days & 180 days pass by and funding is not happening based on new unforeseen events by new venture attempts of PFL. Last but not least bill of exchange is declared Null & Void by PFL and First Finance after 180 days…..PFL claims companies are in default based on new non-contractual conditions and are no longer entitled for funding…..and so on and on and on….
Between 2010 and 2011 at least three companies have lost over US $ 1.2 M in deposits plus accumulated costs and no funding ever happened….and wont’ for sure. Companies deposit’s disappeared in dubious Asian and African Phoenix Financial Limited ventures.
The American Enrique Iglesias, age 69, has a criminal record dated back in 2005, convicted in New York of bank fraud, fined & paroled for 3 years, Tony Habib, age 56, a native Lebanese was convicted in New York of insurance fraud and money laundering back in 1995, was sentenced to 52 months in prison and has a long history of fraudulent activities until today. Tony Habib (different companies) resides at Rua Iguatimi 236, Sao Paulo, Brazil Tel: US 337-453-1304 and is playing hide and seek but holds all strings in his hands. It seems he is the mastermind behind all the above.
Former bankers Enrique Iglesias & Tony Habib are well acquainted since 20 years and are good friends with Farhad Bakthiar another fraud artist, …but that’s another story…..
Companies if you are looking for serious funding and hear these names…run for your lives.

Post your Comment

Complaint Details

Get new code


Recently Updated Reports

467 days ago by thestoryofdianegerrish
goldendoodle world - goldendoodle world lake ridge kennels Vulgar,...
I just came across this page a few minutes ago. I am Sandra Johnson and although this page was...
691 days ago by freeinfofraud - Unable to withdraw funds
Bitky be Aware! Unable to withdraw money! Bitky idoes not allow you to withdraw your funds, do...
696 days ago by ned l.
Bi Polar Bullies - Bi Polar Bullies Kennel Karen Wolfe BUYERS BEWERE OF THIS...
thank you for bringing this to my name is Karen Wolfe, i'm the owner of...
696 days ago by ned l.
ServiceMagic ServiceMagic scams and cheats contractors...
Jason - I'm sorry to hear about your experiences with your leads recently. The leads that...

User Registration

Already a member? Log in now.
E-mail address
Get new code

User Registration

A confirmation email was sent to "".
To confirm your account, please click the link in the message.

If you don't see the email in your Inbox, please check your Spam box.

User Login

Not a member of Register now.
E-mail address
Forgot your password?
E-mail address
Loading, please wait...
Your password has been sent to the specified email address. Log in