James Thomas Webb (aka James T Webb Master Builder), who runs a ponzi scam. Please see the following links about him:
This is not something recent, he has literally done this for years. He misappropriates victim's money to enrich himself while defrauding "investors". He has robbed millions of dollars this way. He is currently under investigation from the SEC and has been bared from doing business in North Carolina and California. I expect Florida to be soon and he has jail time coming (again) in the near future. If you take the time to read through the links I have provided, you will see he has already been in prison for lying to investigators about his dealings. He dresses well, is very charming and articulate, but please don't let this fool you, he spends his spoils on cloths, cars, gambling and prostitutes. He is a liar and thief but still a man of God. He has no conscience and continues to defraud others.
Please see him on the news dodging the questions while claiming to be a victim himself: http://abclocal.go.com/wtvd/story?section=news/abc11_investigates&id=6359237).
When he began his wave of crime, he used new investors funds to pay existing investors (classic ponzi). Now he doesn't even try, he just takes the money with no effort in actually accomplishing anything. As this scam has collapsed, he has managed to dodged law suites and moves on like nothing ever happened. I hope you don't believe me but rather read for yourself, just google his full name (James Thomas Webb) and you will find many links documenting his wave of crime.
In addition, he has the gaul to write a book called WAHM, The Webb Affordable Housing Model as if he is a humanitarian helping people.
To file a complaint against him please contact:
Giles T. Cohen
Division of Enforcement
Securities and Exchange Commission
100 F Street, N.E.
Tel: (202) 551-4461
Fax: (202) 772-9233
Please document your story on http://www.youtube.com/ and forward me the link, I will be glad to post it to help save others from his scam.
Please get involved and report James Thomas Webb, his demise is coming and we need to stick together to expedite it!!!