Victim Location 44870
Total money lost $7,000
Type of a scam Investment
Introduced to David Wells of Olive Branch Financial AKA WellsFinancialServices for the purpose of purchasing a shell corporation with no previous debt. Once the money was wired, Wells started to ask me to take part in suspected fraudulent activity using personal guarantors to take out credit lines (cards) on the shell corp I purchase.
Then those personal guarantors would give me a cut of the credit line they withdraw, but he kept emphasizing that if the credit is not paid back, I would not be liable. This was glaring red flags and balloons for me, so once I called him out on that, the calls stopped, the services never were rendered.
He did eventually find a bogus document online for some corporation that was being sued in California and Colorado and said that was my shiny new shell corporation I purchased. I promptly begain requesting a refund but for a month I got the runaround of meetings, family member death and other.