We are forced at this time to go to any and all levels to attain back all the deposits made along with attorney fees and any other expenses incurred in gaining our money which is rightfully ours. It is unfortunate that we ended up with deceitful people in pursuit to possible purchase a BP Gas Station.
Around, August and September of 2009 a meeting was initiated with Victor (Faiz) Simon, Director of Real Estate of Atlas oil Company and in relations brother of the owner. In the initial meeting an interest of possibly purchasing BP Gas Station in Plainfield Illinois was shown upon the information of the attached flier reflecting fuel volumes, Store Revenue and other basic information was provided and most importantly incorrect information of the gas station being new as it was constructed in year 2006 and therefore no prior information was available.
After that in all the conversations, a detailed financial, preferably an audited report was requested every time and the topic was avoided and no information was provided.
We were basing our decision on the volume shown on one promotional flier, were forced to sign the letter of intent and make a substantial deposit of $ 285,000 and then Mr. Victor stated then only he may possibly be able to provide further information. This in itself is a fraud; luring innocent and serious people by providing false information to embezzle money in a bureaucratic, tactful, deceitful & l political manner.
On 9-9-09, an email was received from Victor (Faiz) Simon, attached was Fraudulent Monthly Profit/Loss Statement of BP which provided very high and unrealistic numbers.
Upon persistent request Mr. Victor did send an email dated 10-12-2009 along with some more information which stated misrepresentation of prior information provided. The gas station was built in year 2003 and not in year 2006. (See attachment).
On 10-19-09, finally an Income Statement was faxed which was reviewed by our CPA’s and Financial Advisors and none of the financial information matched or reflected what was initially told to us in fact a not worthwhile investment because there is negative Return on Investment.
Due to FRAUD and MISREPRESENTATION of information and manipulation of financial numbers we notified Atlas Oil Company of having no interest in further pursuing of purchasing this Gas Station upon relaying of such information Mr. Victor stated that it is non-refundable. Letter of Intent may state non- refundable, however if the sales are being made on providing unrealistic & false information, it is pure larceny. On the account of fraudulent information provided and misrepresentation of all the information including financial Income Statement the letter of non – refundable money is null and void and we expect our full payment back in timely manner.
Also, it has come to our attention that Atlas Oil company has sold several Gas station with providing fraudulent information and misrepresentation of all the information and some of the people are getting together in pursuing a lawsuit against Atlas Oil and I am sure BP will be fully involved in this matter and will not want their image or reputation to be blemished.
Financial statement with so many discrepancies which were sent to us will be sent to Department of Revenue and IRS.
A conversation between Andrew J Cirenese, Franchise Business Consultant was made and he was also quite surprised as to how he was made to start the interview process with receiving any paperwork from ATLAS. This clearly is another plan to keep prospective buyers LOI monies, as that alone is substantial amount he is making and not disclosing as revenue.
We have all the documentary proof with us.
Atlas oil company's web address is www.atlasoil.com
ALSO IT HAS BEEN NOTICED THAT ATLAS OIL COMPANY HAS BEEN INDULGING IN LARGE SCALE ILLEGAL OVERCHARGING IN ALL THREE STATES.
THEY ALSO DO FRAUDULENT ACTIVITY/EMBEZZLEMENT IN THE CREDIT CARD CHARGES TOWARDS THEIR DEALERS.
WORST PART IS THAT THIS IS ALL BEING DONE WITH FULL KNOWLEDGE OF B. P EMPLOYEES WHO ARE DOING NOTHING ARE WORKING AS CO-FRAUDERS IN THIS ACTIVITY.
The same official complaint has been sent to the Attorney Generals office and Office of Revenue services.
Read Next Complaint >>
