We feel that is good that people out there be aware of their scheming methods.
Should it be a property development – Aleph Trading Group would definitely want a “site visit” . As mention earlier in the site that this so call “site visit” was carried out between 1st to 7th of November in Singapore 2014.
But before visiting the site and meeting up with potential borrowers or projects that require investment but first James would first require you to pay for his expenses namely air-fares (preferably business class) and accommodation. Business class mainly he have a bad back. And the promise of reimbursement when funds have been successfully disbursed. Of course with that promise most business owners would not hesitate to fund his trip then. It is usually either expenses to be paid or “upfront fees” in order for him to fund his own trip here.
His reasons mostly for not able to fund his own trip here will be the excuse that he is not familiar with the region and would prefer you to purchase air-tickets for him instead. And his travel agents is not familiar with it either.
Once he is here conducting his “site visits” he would then have numerous meetings and then quite readily agree to fund. Which is actually odd ? Because he agreed a sum of 40M to my sources pretty quickly, as in buying the entire development project ? The entire project is 40M and is odd that someones would agree to do that on a short span on time here in Singapore.
After which he returned to his country in Chile, it will mostly follow by a string of emails. Yes emails citing that legal that construction managers would want more details about the project. And followed of course by SBLCs or BGs and quite confirmed that these papers securities he will be able to cash them. And of course he would promise that funds will be coming in weeks after weeks but to no avail and mostly no funds.
Then on his 2nd trip, from the period from 5th of March to 22nd of April 2015. In order for him not to pay for his expenses he would promise business owners again that this trip would be a “funding” trip. Means he comes here to complete the job and funds. Which of course did not happened either in his 6 weeks of making merry in Singapore. His funding trip also consist of Maria taking over bank accounts before funds appear. Well, way before the trip he mention that Maria would need to make a trip to the lawyer to sign the papers to release the funds to Singapore. Well, we are now wondering if that is even true ? Since funds did not appear and escrow did not appear either. Sounds like sham !!! There might even be a possible chance that Maria & James would work and confused your bankers to give them the accounts with money in it instead ? Citing that they need full control of the bank accounts before funds starts coming in ?
And near to the end of the trip, he would mention that he is in what you call a “closing” mode. And that funds would definitely arrived at this critical point of time. And for those who buys him he would say that 799 and 760 will follow soon once the banks have confirmed the 799 and everybody would be funded. He would show principals the 760 and ask for what you call a “closing fee”. Example : If you are hoping for a disbursement of 1M he would require a “closing fee” of 10K, well of course he would cite that Maria will then throw in a discount for you and closed at a certain percentage.
Mostly on the day that he leaves funds will still not appear and he would cite that the Banks is very slow and the papers are still in compliance. Well by now we should be very certain that banks obviously could received 799 and 760 but it doesn’t mean that they are cash-able. And what more if these papers are not real papers ? Then what ?
Upon leaving he would of course naturally tell everybody that he have arrangement all in place and he would be able to do financing even without him and Maria around. Which Aleph would be able to issue checks and having them delivered to Singapore using Courier services like DHL, UPS or Fedex. Which of course did not happened either.
And lastly, once James & Maria is exposed they would of course surely issue a C&D (Cease & Desist) letter to stop all communications and all correspondences. Besides that they would also want information to be suppressed and destroyed. And since there is no communication and they refused to communicate the expenses that he promises to reimbursed is of course GONE as well.
So in short this is their modus operandi. Hope that the readers is able to digest and be very wary of these 2 perpetrators. Their mode of operation seems flawless but it comes with holes. It is best of course not to have any transaction with any so call “funders” that requires upfront fees. Because if they are funders or financiers with funds why do they still need your money ? Which is quite obvious a flaw in a flawless operation. If a so call “millionaire” can’t pay his own trip then is quite obvious something is amiss and they are not what they seems to be.