| Eddie Patel |
| Eddie Patel Eddie Ghanshyambhai Patel and his changing organizations prey on clients Oak Brook, Illinois |
| 8th of Aug, 2011 by User866826 |
FINANCIAL FRAUD ENFORCEMENT TASK FORCE The Financial Fraud Enforcement Task Force maintains a wide list of resources and information dedicated to helping find and report suspected cases of financial fraud. Eddie Ghanshyambhai Patel and his changing organizations prey on clients. He solicits money and transfers the money slowly or more abruptly to his personal accounts. He sets up Illinois companies such as Eddie Patel Inc, Sharq Management, Inc., Brown and Element LLC, and Action Insurance Strategies, Inc., which are actually owned by him. He can transfer funds as he has to his own personal accounts. He rides potential clients and existing clients very hard to perform against their will. He is charged with not adhering to high standards of commercial honor; failure to cooperate with government and regulatory agencies; cheat, fraud and deceive customers; poor recordkeeping; and poor supervision of his agents per contract performance guidelines. Known as a con artist and having scammed others, he may be veiled through the use of a secondary broker, presenting him as legitimate. The offering seems too good and legitimate, and hell even provide results that you may learn later on were misrepresented or not even his, if not forged. He may represent himself as a financial advisor, but he is a complete fraud. He does not care about his clients results and will walk away. Hes been sought after by the City of Chicago and the Attorney General, and imposed fines by both, and declared operating illegitimately. The Attorney General has made requests of Eddie many times as he has many complaints against him, as he sets up temporary shops - undercapitalized corporations, fraudulent actions, mismanagement. Regardless of his lies, he remains the sole monetary, budgetary, and managerial executor, agent and all other leadership roles and creates his guise under a different corporation, as to try to have himself protected by the corporate veil, even though there are no other employees, owners or managers but he, and the corporations are funded for maybe $1000 in capital. The fraudulent behavior of Patel includes his stopping work when he has received a significant portion of the investment he believes he can get his hands on from the client, and then the client chase begins. He has his groomed attorneys in place to hide his trails, distract any complaints or requests for information, and create big expense for anyone on his tail. Other experts and attorneys have signed off on Eddies poor performance and fraudulent behavior and operating inadequacies or illegitimacies. Eddies Sharq Management and other entities are of limited duration with limited assets ($1000 equity). His entity functions as a faade for the benefit of the interest holder (Eddie), the underinsured entity (Sharq) or the under-funded entity (Sharq) -- the client suffers the same. Eddie has recently changed operations, set up shop as a Registered Investment Advisor in Oakbrook, Illinois. (Beware: He tends to focus on Women.) Best Advice: Avoid the risk and STAY AWAY.
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It must be the same Eddie Patel. He got me to invest in real estate and made off with over $100, 000 of mine.
He claimed to be a financial advisor and a real estate contractor / architect. |
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