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Early this year our company, MX Properties Inc, began wiring funds to two of Mr [Redacted] business bank accounts at Swedbank, Latvia (First Cable SIA & Avus Invest SIA). The purpose behind wiring these funds was to procure certain financial banking instruments to be used for an operating line of credit for expanding our business. We also sent several hundred thousands in funds to another affiliate named London City Group SIA. These funds were sent to Nordea Bank - also located in Riga, Latvia. Further, we have recently discovered that [Redacted] has changed in LinkedIn profile and has removed First Cable SIA completely along with AVUS Invest SIA. This is very troubling to us.
This process began in late 2015 and has gone on now for almost 10 months with only lies and promises given by
Mr Mike Babich, Mr Janis Petrovs and Mr [Redacted}. Each time that we thought that the Latvian parties would make good on their commitments, they would change their minds and ask for even more money!
Finally, we gave up in September and vigorously demanded that the banking financial instruments be turned over to us or that a complete refund of the nearly $430, 000 USD be sent to us IMMEDIATELY.
Sadly, we’ve been completely ignored by Mr [Redacted], Mike Babich and Janis Petrovs. We’ve now turned to and reported the fraud to their banks - Nordea and Swedbank for investigation.
We call upon this group of individuals to do the ethically right thing and either send the instruments as promised or refund our money.
The only thing that we are kindly asking of this group of men - [Redacted], miodrag babic and janis petrovs is that they return in whole the funds that were improperly stolen from our group. if they do so, we will mark "resolved" and conclude our inquiry with the latvian police along with nordea and swedbank.
Further, let it be known that mr john s diak had nothing to do with the actual fraud that took place. at no time did we wire one dime into his account. he was our representative and did a very poor job of due diligence, but he did not commit a criminal act
It has one year passed since this story has been published.
Avus invest sia and me personally we have contacted mr todd maxwell within all the year
We have exchanged all information reagarding possible fraud that happened against him where avus invest sia was involved as financial agent.
Mr maxwell have concluded that there is no mine personally neither avus invest illegal involvement and claims can will be done against.
Dear reader pls find that - all realated issues are solved and both parties have agreed that:
There are no claims against avus invest from mr maxwell and his companies
Avus invest has acted as transparent as possible to resolve this matter.
Submitted: tuesday, october 25, 2016
Quoted —
Mx properties has recenlty concluded that mr [Redacted] and avus invest sia bear no responsibility in the fraud that took place regarding london city group sia, mike babich and john diak.
Mx was led to believe by mr babich and mr diak that [Redacted] and his company - avus invest sia were pivotal and providing the financial instruments and loans that mx had paid in excess of $400, 000 for.
Again, we are happy to note that [Redacted] has no responisibility in this matter after he contacted us and provided pertinent information